Empowering Physician Groups to Focus on the Art of Medicine
Our Mission and Services
At Precision Healthcare Management (PHM), we understand the importance of providing high-quality healthcare services to patients while ensuring the financial sustainability of medical practices. Founded in 2001, PHM is a leading company dedicated to providing audited billing and revenue cycle management services, corporate compliance, and financial management solutions to physicians and healthcare organizations.
Coding and Documentation Auditing
In an era of increasingly complex coding and compliance regulations, it is essential for healthcare providers to stay ahead of the curve. Our team of coding experts conducts in-depth audits to determine whether a practice is billing accurately and compliantly. We utilize fact-based and data-driven analysis to identify areas of improvement and develop targeted solutions to optimize billing outcomes.
Billing and Revenue Cycle Auditing
As the complexity of billing and revenue cycle management continues to evolve, medical practices require expert guidance to ensure accurate and timely reimbursement. Our auditors work closely with in-house billing staff or outsourced billing companies to identify any discrepancies and implement corrective actions.
Corporate Compliance Plan Design, Oversight, and Implementation
In today's environment of increased regulatory scrutiny, it is crucial for healthcare providers to maintain compliance with governing bodies. Our experts design and implement custom corporate compliance plans, providing guidance on HIPAA, OIG, and Fraud Abuse Act compliance.
Payor Contract Management
Navigating the complexities of payor contracts can be challenging for even the most experienced healthcare professionals. Our team of experts analyzes contracts, identifies areas of improvement, and develops strategies to optimize reimbursement.
Practice and Financial Management
At PHM, we understand the importance of effective practice management. Our team of experts provides guidance on financial planning, budgeting, and cost control, empowering medical practices to make informed decisions.
Analytics
In today's data-driven healthcare landscape, accurate analytics are crucial for informed decision-making. Our Business Intelligence reporting tool analyzes a practice's fiscal health, providing vital insights to inform strategic planning.
MIPS/MACRA Reporting
With the advent of MACRA legislation and growing reimbursement incentives and penalties, medical practices require expert guidance to succeed. Our team of experts helps practices develop strategies for MIPS/MACRA compliance, ensuring reimbursement bonuses and penalty avoidance.
Revenue Cycle Process Improvement
In an era of declining reimbursements and increasing regulatory compliance requirements, medical practices must optimize revenue cycle processes to ensure financial sustainability. Our experts analyze and improve revenue cycle processes, identifying areas for improvement and implementing targeted solutions.
About PHM
At Precision Healthcare Management, we are committed to being an independent advocate for physician groups. Our team of industry experts works collaboratively with medical practices to ensure the financial sustainability of their businesses. With a focus on outstanding customer service and a deep understanding of the healthcare industry, we deliver tailored solutions to meet the unique needs of each client.
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