Management Services

Minimize no-shows, empty hour slots and stuffed calendars with our efficient front office management services. Our skilled team of RCM experts ensures smoother operations for your practice with complete visibility that enable you to improve patient care.

Precision Hub’s vast experience in healthcare management that includes medical appointment scheduling, medical insurance verification, healthcare management, physician billing office and physician office, has helped numerous clinics and practitioners optimize workflows, data capturing and reporting manifolds.

Insurance and Benefits Verification

Ever wonder why focusing on medical insurance verification services is essential?

It’s one of the key elements of an efficient revenue cycle management process if you’re seeking fresh ways to update your RCM model to stay competitive. An insurance verification in medical billing is crucial in order to offer patients’ covered services.

Get professional medical insurance verification services for hospitals of all sizes, specialist practices, and group practices. We have distinguished ourselves from the competition, thanks to our demonstrated capacity to provide healthcare insurance verification services requests from clients promptly.

Medical insurance verification takes a lot of effort and needs careful attention to detail. The medical billing insurance verification process entails checking payable benefits, co-pays, co-insurance, deductibles, patient policy status, effective date, type of plan and coverage specifics, plan exclusions, claims mailing address, referrals and pre-authorizations, lifetime maximum, and more. It is completed prior to patients being admitted to the hospital.

Chronic Care Management

Services for managing various, typically two or more chronic diseases that are projected to persist for about a year or until the patient’s demise are known as chronic care management services (CCM).

These services are typically delivered to Medicare beneficiaries who are non-face-to-face. The care team may bill for the time spent controlling patients’ circumstances under CCM.

CCM in healthcare includes creating a thorough care plan, engaging remote management and communication (often over the phone), managing medications, and coordinating care across doctors.

The idea behind chronic care management services was to provide a means of payment for medical professionals who treated patients beyond the typical parameters of an office visit.

Coincidentally, the implementation of CCM resulted in a more effective method for care teams to actively engage and manage patients with challenging chronic conditions, increasing outcomes and lowering treatment costs.

Patient Scheduling

Each week, medical offices typically arrange hundreds of appointments for new patients and follow-ups for current ones. Patient scheduling is essential for a successful medical practice, but it can consume a significant amount of staff time when done inefficiently. Although scheduling patients may seem like a simple task, it actually involves a lot of organization, expertise, and knowledge. The efficiency with which staff members complete this duty has a significant impact on patient care and practice operations. Thus, smoothly scheduling patient appointments can reduce staff stress and ensure patient satisfaction.

Management Services

Precision Hub’s revenue cycle management services that include revenue cycle management services, medical claims processing, medical claims management, medical claim management, medical billing claims submission, medical claim denial management have helped our clients get a 95% First Time Pass Rate (FTPR) and nearly double-digit growth in collections’ growth rate. We offer comprehensive solutions to emerging and established healthcare practices, including medical claims processing and billing and coding services.

We believe in transparency, timeliness, continuous improvement and attention to detail. Our medical billing and coding specialists have years of experience, making the claims management cycle shorter, faster, and less cumbersome. We cover the entire process, from submission to medical billing claims, charge entry, and payment posting to denial management and collections.

Account Receivables Management Services

In case of an issue with your account receivables, there will be a direct impact on a provider’s margins, debt, and organizational financial health. Therefore, account receivable management services are essential, following claim submission and for maintaining financial stability.

Professionals offering account receivable services identify the claim’s adjudication status and aid in comprehending the claim’s outcome. Precision Hub believes early notice of denial enables the claim to be corrected at the outset and prevents it from being “out of time” for appeals or corrections.

Keeping strong customer relations while reducing daily outstanding payments and processing expenses is the primary goal of efficient account receivable management services. The most significant current asset in a balance sheet is mostly the accounts receivable and requires a team of dedicated professionals to analyze the backlogs of unresolved medical account receivables.

Medical Billing and Coding

For long Precision Hub has been in the medical billing industry with qualified and competent professionals to handle medical billing and coding services. Our medical billing specialists and coding specialists understand the importance of staying up to date and paying close attention to minor details.

Here at Precision Hub, we keep track of legislation, such as the Medicare Access and CHIP Reauthorization Act, that immediately impacts a physician’s compensation (MACRA). Individual practitioners, small clinics, and major multi-specialty chains can all use our medical billing and coding services since they are easily adaptable and scalable to different practice demands.

Precision Hub is a reputable medical billing coding company that complies with all rules outlined in the Texas Privacy Protection Act (TXPPA) House Bill 4390 regarding an individual’s privacy, data protection, and data security. We are also in compliance with the Health Insurance Portability and Accountability Act’s requirements for data protection (HIPAA).

Denial Management

Rejection management and medical billing denial management are sometimes confused. Rejected Claims are those that, due to errors, was not submitted to the payer’s adjudication system. These claims must be corrected by the billers and resubmitted. On the other hand, denied claims are those for which a payer has decided and rejected the payment.

The team of professionals at Precision Hub is committed to paying close attention to minor details while investigating the root cause for every denied claim. They identify and focus on resolving these issues in medical billing denial management. After careful assessment, our team of experts resubmits the claim request to the insurance company and files appeals where necessary.

We are aware that denial management in healthcare differs from situation to situation. We amend erroneous or invalid medical codes, offer supporting clinical evidence, challenge prior authorization denials, and comprehend legitimate denial situations so patients can take responsibility and follow up successfully. All clinical data is re-validated before being submitted again.

Credentialing Services

Credentialing services, especially medical credential services are an important step that ensures timely submissions of healthcare claims like recredentialing, medicare recredentialing and facility recredentialing - keeping in view the filing limits. It can prove to be a tedious task for healthcare providers who are juggling between providing the best care to their patients and ensuring efficient administrative processes.

Management consulting services for healthcare

At Precision Hub, we offer holistic medical practice management consultancy services that include medical billing consulting services and healthcare coding and consulting services to help healthcare practices sustain their profitability. Our specialists create operational efficiencies, address operational contingencies and implement operational SOPs to promote long-term growth.

Our medical billing consultants examine clinic operations and conduct root cause analysis to resolve incidental issues. Some of these may be tactical (such as patient no-shows, resolved by optimizing practice calendars and scheduling techniques). Others involve complexities related to insurance billing, payor mix analysis, practice setup, credentialing, re-credentialing, CPT code review and ERP integration.

Our medical coding consultant and our medical practice management consultant identifies your business challenges and conduct a thorough periodic process review using BI and reporting toolkits to help you make timely, safer decisions, reduce the total cost of operations and add returns on the process quality.

FINANCIAL & STRATEGIC PARTNERS​

As your financial and strategic partners in medical accounting, we aim to redesign operational and financial strategies to align the financial processes with the overall objectives and goals. We provide efficient solutions to improve cost optimization and implement a quality management system and Six Sigma tools to ensure error-free operations. Our expert finance and strategic experts define measurable and specific KPIs and benchmarks to achieve organizational excellence to align departmental goals with the overall organizational vision.

DRIVE DECISIONS WITH BI INTELLIGENCE

Precision Hub Medical Finance uses BI tools and predictive analysis to set up your clinic for success. We give you more control of your financial revenues by analyzing past experiences and using quantitative data from monthly financial reports. Our one-step financial solutions and medical accounting service helps you access and realign expenses, payables and interpret reoccurring trends on the financial books.