Compare Precision Practice Management vs. TELCOR RCM

If you are considering outsourcing your revenue cycle management functions, either entirely or partially, Precision Practice Management possesses the necessary experience and knowledge to assist you in navigating the ever-evolving challenges in this crucial field. They cover every facet of revenue cycle management, including compliance, credentialing, coding, claims processing, clearinghouse edits, electronic lockbox solutions, claim denial management, comprehensive reporting, and financial analysis among others. While your in-house team may excel in managing various aspects of medical billing, they also have numerous critical clinical responsibilities that demand their attention. Consequently, billing tasks might not always receive the focus they require, leading to potential shortcomings. Unlike your internal staff, Precision's dedicated medical billing specialists concentrate solely on billing, ensuring it is handled with the utmost expertise and efficiency. This focused approach allows your practice to thrive, as you can be confident that billing is in capable hands.

Regardless of whether you operate as an independent reference lab, a pathology practice, an outreach lab, or a public health laboratory, TELCOR RCM billing software equips you with essential tools to tackle complex billing obstacles and enhance your profitability. This comprehensive revenue cycle management solution facilitates claim submissions, monitoring, remittance processes, accounts receivable management, and billing for both clients and patients, all while accommodating multiple NPIs. By leveraging the right technology, you can reduce the need for extensive billing staff and significantly boost productivity in your revenue cycle by automating daily tasks such as claims submissions and patient information collection, along with generating detailed financial reports. Additionally, you can streamline the handling of payments by automating the processing of electronic payments received from payers through 835 ERAs or bank lockbox payment files, thereby eliminating cumbersome manual adjudication tasks. Moreover, improving billing communication with patients can simplify their experience, making payment processes quicker and more intuitive, ultimately fostering a smoother revenue cycle. This holistic approach to billing not only enhances efficiency but also contributes to a better overall experience for both healthcare providers and patients.