Business Details
25 Years
experience
Healthcare Consulting for Physician Practices
Founded in 2001, Precision Healthcare Management (PHM) was established to provide independent billing oversight and business management solutions for physician groups. Our mission is to empower healthcare providers by handling complex administrative tasks, allowing them to focus on delivering quality patient care. With over two decades of industry expertise, our team of certified professionals specializes in revenue cycle audits, compliance planning, and payor contract management.We leverage data-driven analysis and tailored strategies to address unique practice challenges, ensuring optimal financial performance and regulatory adherence. Our commitment to transparency and client-centric service has solidified our reputation as a trusted advocate for medical practices nationwide.
Services
Coding Audits
Billing Audits
Compliance Planning
Payor Contract Management
Practice Analytics
MACRA Reporting
Revenue Cycle Optimization
Details
- Year established: 2001
Highlights and features
- We offer 25+ years of healthcare management expertise with certified professionals.
- Our independent audits identify revenue leakage and compliance risks in billing systems.
- Customized compliance plans align with evolving regulatory requirements for medical practices.
- Proven track record in payor contract negotiations and revenue cycle process improvement.
- Certified coders (CPC, RCC) deliver specialized expertise in medical billing and documentation.
What people say
Exceptional expertise
Invaluable help
Successful outcomes
Accurate audit techniques
Strategic guidance
Services
Coding Audits
Our coding audits evaluate documentation accuracy and regulatory compliance for physician groups. Certified professionals analyze billing practices to identify risks and ensure adherence to current standards. This service helps practices prepare for Medicare audits and avoid costly penalties while improving reimbursement accuracy.
Billing Audits
Comprehensive billing audits examine entire revenue cycles from charge capture to payment posting. We identify revenue leakage points and system inefficiencies through detailed transaction analysis. Our findings enable practices to implement corrective measures that maximize collections and operational efficiency.
Compliance Planning
Corporate compliance programs address evolving healthcare regulations through customized policy development and implementation. We conduct gap analyses and staff training to establish robust compliance frameworks. This proactive approach helps practices avoid legal penalties and maintain participation in federal programs.
Payor Contract Management
Our experts analyze and negotiate payor contracts to secure favorable reimbursement rates. We create contract matrices for payment term tracking and conduct compliance audits to ensure accurate claims processing. This strategic management optimizes revenue while reducing administrative burdens.
Revenue Cycle Optimization
End-to-end revenue cycle assessments identify process bottlenecks and technology limitations. We implement workflow improvements and performance metrics to enhance cash flow. Our solutions address documentation challenges and payment compliance issues across all billing systems.
People
Matthew J. Brennan
President & CEO
Co-founder with 25+ years healthcare management experience, CPC and RCC certified. Specializes in revenue cycle optimization and payor contract negotiations. Published author on medical billing audits and MACRA compliance strategies.
Questions
What services does PHM offer for medical practices?
We provide coding audits, billing compliance reviews, payor contract management, revenue cycle optimization, and corporate compliance program development tailored to physician groups.
How does PHM help improve practice profitability?
Through detailed audits identifying revenue leakage, process improvements reducing administrative costs, and strategic payor contract negotiations that maximize reimbursement rates.
What specialties does PHM work with?
While serving various specialties, we have particular expertise in radiology billing and documentation requirements due to our extensive client experience in this area.
How does PHM ensure compliance with healthcare regulations?
We develop customized compliance plans, conduct regular audits, and provide staff training to maintain adherence to evolving federal and state healthcare regulations.
Can PHM work with existing billing staff or companies?
Yes, we collaborate with in-house teams and third-party billing services to enhance performance through independent evaluations and process improvements.
