Precision Practice Management vs. E-COMB

If you're thinking about outsourcing your revenue cycle management, whether in full or in part, Precision Practice Management has the expertise and understanding needed to help you tackle the ongoing challenges in this vital area. They address all elements of revenue cycle management, such as compliance, credentialing, coding, claims processing, clearinghouse edits, electronic lockbox solutions, claim denial management, detailed reporting, and financial analysis, among other services. Although your in-house team may be proficient in various aspects of medical billing, they also juggle numerous critical clinical duties that require their focus. As a result, billing responsibilities may not always receive the attention they truly need, potentially leading to inefficiencies. In contrast to your internal staff, Precision's specialized medical billing experts dedicate their efforts exclusively to billing, guaranteeing that it is managed with exceptional skill and effectiveness. This concentrated strategy not only enhances your practice's performance but also ensures that you have peace of mind knowing that your billing processes are handled by true professionals. By choosing to collaborate with Precision, you can free up your team to focus on patient care while optimizing revenue flow.

E-COMB, known as EDI Compatible Medical Billing, is an innovative web-based system that enables the creation of medical claims in compliance with HIPAA transaction and code set standards as required by U.S. regulations and the guidelines set forth by the American National Standards Institute (ANSI). This platform streamlines the generation, submission, and reconciliation of claims sent to insurance companies, patients, and guarantors, thereby serving as a vital tool for healthcare providers seeking to enhance their revenue by expediting the claims reimbursement process. Moreover, all essential information related to the operational framework of a medical facility, such as a Doctor's Office or Hospital, is gathered as Master Data, which is crucial for claims processing and generally remains constant over time. This Master Data includes important elements like Procedures, Diagnoses, Doctors, Payers, and Billing Providers, which are established during the initial setup but can be updated when necessary. As a result, E-COMB not only simplifies the billing workflow but also guarantees that healthcare practitioners have ready access to the most up-to-date and pertinent information needed for their daily operations. Furthermore, the integration of this system leads to improved accuracy in claims submissions, ultimately benefiting both the providers and their patients.