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Medical Billing Consulting Services – Precision Hub

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  Medical billing is the process of receiving payments for the services provided by health care practitioners to patients. The majority of people have health insurance in the United States that pays a portion of their medical bills and the medical bill of the patient is given to insurance companies by the medical billing company to obtain the payment. According to the Bureau of Labor Statistics more than 14 million job opportunities are provided by the health care industry annually which means that the medical billing consulting services are of immense importance and facing a huge rise in demand after Covid 19. According to the report of the American Medical Association, the estimated number of medical claims generated by each physician is 440 per month and any medical billing company has to process these medical claims. Precision Hub provides medical billing consulting services in the United States and offers full-scale medical billing management services to the health care ind...
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Your Strong RCM Partner | Precision Hub

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  Precision Hub is a top medical billing company based in Pearland, servicing hospitals and clinics all over the United States. Precision Hub is one of the best Revenue Cycle Management partners that every hospital needs. Precision Hub helps the healthcare service provider in timely decision making, growth, and patient-centered care. Precision Hub aims to bring speed, simplicity, and transparency to the healthcare business side via structured workflows, precise quality checks, and transparency in processes. Our clients enjoy the ease during making decisions, clarity, and future-focused approach with the help of digital services and analysis provided by Precision Hub. Revenue Cycle Management services offered by Precision Hub helps in removing complexity, unproductive irritations, and delay from RCM and brings operational profitability and efficiency. Transparency, timeliness, continuous improvement, and attention to detail are the core values of Precision Hub. Services of Pr...
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2021’s Top Medical Billing Company for Revenue Cycle Management

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The past two years have been very difficult for the healthcare industry because of the threatening challenge of COVID – 19 accompanied by daily managerial tasks. This challenge also impacted the daily basis operations of the medical industry. To run the medical tasks efficiently and smoothly, the healthcare industry must manage and maintain Revenue Cycle Management services offered by top medical billing companies to provide the best possible treatments to patients without any hassle.   Without adequate Revenue Cycle Management solutions for financial management, the medical industry cannot achieve its targets, and neither can provide the best treatment.   Importance of Medical Billing Company   The medical billing company is of immense importance to run the financial tasks of the medical sector perfectly because they employ people who have adequate financial expertise and relevant experience and can work efficiently. One of the most known and common perks of...
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Don't Waste Time on Credentialing

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  If you are doing your own credentialing, you’re wasting money and time. That’s the cold, hard truth. At a time when there is a multitude of medical credentialing service providers available, you shouldn’t be putting in long hours. But how much are you exactly wasting on credentialing? This should be a recurring question for you. Generally, physicians spend somewhere around 45 minutes every day on credentialing. Assuming a physician earns $100/hour, that amounts to $20,000 worth of time a physician spends every year on credentialing. This does not account for office staff, follow-ups, taxes, support work, and other payables. One would assume putting in so much time and money will get all the paperwork done on time and accurately. In essence, you lose more time and money. Also, this doesn’t account for lost revenue due to time spent on credentialing. So how does all this compare to outsourcing medical credentialing services? Let’s take a look.   How Much Do Physician...
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How Medical Billing Consulting Services Overcome Claim Denials

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  For a healthcare practice, its smooth functioning depends on overcoming and filling all hurdles or loopholes in the revenue cycle. The biggest obstacle for every clinic or physician is insurance claim denials. This refers to claims that were received, processed, assessed for the payer (such as insurance companies), and regarded as unpayable. Denied claims cannot be submitting again before identifying the cause of denial. Insurance companies provide their reasons or rationale for denial against which clinics can file reconsideration requests. While reconsideration requests can also be sent back, the entire process of converting a denied claim into one without issues takes up a lot of effort and time. Let’s look at how medical billing consulting services overcome claim denials to stay on top of the game. Staff Training Providing requisite training to your billing and other staff is essential when it comes to handling claims. This can help reduce the probability of errors in ...
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Top 3 Benefits of Precision Hub’s Revenue Cycle Management Services

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  Revenue cycle management is a fiscal process that tracks patient care stages (from registration to appointment scheduling and final payment) with the help of a customizable medical billing software commonly found in clinics and hospitals. Here we take a look at the top three benefits of Precision Hub’s revenue cycle management services .   Accurate Reimbursement from Payers From a clinic’s viewpoint, its primary financial objective is to collect the right amount of reimbursement from insurance companies (payers). This comes more important when a clinic is dealing with denials and underpayments. As a matter of fact, in healthcare, denials make up for 2-4% of payment inaccuracies, whereas contractual variances account for another 1-2%. Insurance policies and contract terms are becoming more complex which has rendered the clinic’s ability to account for reimbursements more important.   Reduce Bad Debt Reducing debt is just as important for clinics as it is for ...
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4 Ways Precision Hub’s Credentialing Services Help Save Money

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  Studies reveal that more and more physicians are spending significant time filing paperwork and managing administrative tasks. This means that are losing out on time that they should be allocating for patients. generally, physicians spend about four hours every week on credentialing. This does not take into account administrative tasks. One way to free up more time for patients is to outsource physician credentialing services. Below are four ways in which Precision Hub’s credentialing services can help practices save money. Less Paperwork and More Time with Patients As a medical student, you never thought you would have to file paperwork. You become a physician to give back to society through your service. Outsourcing credentialing services free up your schedule so you can do what matters most – see patients. Similarly, patients are more satisfied when their physician is able to spend more time one-on-one with them. Happy patients mean a healthy, growing practice.   I...
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