These are challenging financial times for medical practices. Physicians are serving a greater number of patients, but at the same time, insurance reimbursement for medical care is being reduced. Even with these rising pressures, there are ways to save and increase revenue in any medical practice – small or large – by targeting areas of waste and inefficiencies that may be draining thousands of dollars from your business. Studies show that approximately 25% to 30% of all medical practice income is lost due to under pricing, under coding, missed charges or un-reimbursed claims. Under coding alone can cost a single physician $40,000 in lost revenue each year. Serving Lexington, Louisville, and Northern Kentucky with over 50 years of combined experience in medical billing, accounting, and medical practice management, Precision Medical Billing will help you improve profitability while keeping focus on quality patient care.
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"I chose Precision Medical Billing because of the extensive knowledge Jennifer and Liz bring to the table – with over 38 years of combined medical experience. Maneuvering the ever changing government and insurance regulations is no easy task. But I know that I am up to date and current on everything pertaining to my practice – which gives me great peace of mind."
"As a hospitalist, I don’t have a typical medical office setting. Precision Medical Billing provides a professional business extension of my practice. They keep my credentialing current and their billing service guarantees that my revenue source stays steady."
"Precision Medical Billing came highly recommended to me. Every aspect of my experience has been positive.
Their friendly and knowledgeable staff is always just a phone call away. I would highly recommend their services to anyone contemplating outsourcing their billing."