Services

At Precision Medical Billing Services, our goal is to be more than just a service provider. We strive to be a partner in your success, offering medical billing solutions that are customized to fit the specific needs of your practice. Whether it’s managing denied claims, providing detailed aging reports, or offering strategic advice on improving cash flow, our medical billing experts are here to support you every step of the way.

Choosing Precision Medical Billing Services means choosing a comprehensive, client-focused approach to medical billing. Our team’s dedication to accuracy, compliance, and efficiency ensures that your practice can thrive in a competitive healthcare environment, giving you the peace of mind to focus on what matters most: providing exceptional care to your patients.

There is a new International Statistical Classification of Disease (ICD-10) which replaced ICD-9 on October 1, 2015. This change updates the recording of the coding needs in medical billing by adding more classifications, but does require some getting used to and may require some necessary steps by medical billing and coding experts in order to have their medical insurance claims filed and processed.

Precision Medical Billing Services, located in Chicago, IL, offers an easy-to-use code conversion tool to assist with this transition on our website. It lets you easily convert ICD-9 codes to the most updated corresponding ICD-10 codes, ensuring compliance with the latest standards in healthcare revenue cycle management. This tool is invaluable for maintaining accuracy in medical claims processing and supporting efficient physician billing services and hospital billing services.

Timely and complete handling of credentialing requirements is critical to the health of your revenue cycle. Delays in the enrollment of a new provider or missing the re-credentialing of an existing provider can have a significant financial impact on your practice. The process of obtaining a provider credentialed with a payer requires a considerable amount of manual work, from completing application forms and addressing questions from payers to conducting follow-ups to close the credentialing request.

You can trust Precision Medical Billing Services to manage your payer enrollment needs and requirements, ensuring that these time-consuming tasks are handled efficiently and accurately. Our expertise in credentialing allows us to streamline the process, minimizing delays and maximizing your financial returns.

We understand that a successful approach to medical billing involves careful attention to a host of essential factors. It is our goal to pursue all distinctive requirements of each client by working closely with physicians and their staff. When you choose Precision Medical Billing Services, you’ve made the decision to trust a firm that has a proven track record of results. We offer you the most reliable, accurate, and most professional handling of all your medical billing needs.

Your medical claims can be processed quicker than with any other company. With our highly efficient services, you will achieve a maximized financial return in the shortest time period possible. Our team of experts will review the payment schedules and fees to ensure they are consistent and within the contractual agreements. Our claim workers, on the other hand, use procedures that have proven to be the best way to ensure accurate and complete claims are submitted the first time a claim is submitted for approval. And when it comes to handling the balance due from a patient, we employ the leadership and care needed to help ensure your patients want to come back to you when they need medical attention. 

There is a new International Statistical Classification of Disease (ICD-10) which replaced ICD-9 on October 1, 2015. This change updates the recording of the coding needs in medical billing by adding more classifications, but does require some getting used to and may require some necessary steps by coding experts in order to have their medical insurance claims filed and processed. Precision Medical Billing Services offers an easy to use code conversion tool to assist with this transition on our website. It lets you easily convert ICD 9 codes to the most updated corresponding ICD 10 codes.

Timely and complete handling of credentialing requirements is critical to the health of your revenue cycle. Delays in enrollment of a new provider or missing the re-credentialing of an existing provider can have a negative financial impact on your practice. The process of obtaining a provider credentialed with a payer, however, takes a significant amount of manual work –from completing application forms and clarifying questions from payers, to conducting follow-ups with them to close the credentialing request. You can trust Precision Medical Billing Services to handle payer enrollment needs and requirements, alleviating you from these time-consuming tasks.