medical billing company

 

Professional Revenue Management LLC

 

 

Effective. Innovative. Intelligent.

Caring Professionals for Professional Care

Professional Revenue Management LLC

 

  • Established in 2015 opertated and owned by a medical billing specialist.
  • Located in University CIty, MO
  • Specialized to serve physician practices in neurology, internal medicine, and hospitalists.
  • Processes are powered by a leading-edge billing system

Professional Revenue Management (PRM) LLC is a privately-owned healthcare revenue cycle management company. PRM was built to provide the industgry with efficient, dependable, engaging, and loyal services for medical and non-medical providers. 

The Challenges of Revenue Management

Professional Revenue Management LLC

Compensation  for medical physicians have increased.

 

  •  PCPs reported median compensation  of $241,273 in 2014
  •  3.56% increase since 2013
  • Majority of provider compensation is influenced by quality metrics

In recent years practices have move toward value-based compensation.

 

  •  Practice data is used to determine value-base reimbursement
  • Incorporates value while truning huge results
  • Work with insurers to establish a methodology based on aligned quality metrics

 *Medical Group Management Association

Meeting The Challenges of Revenue Management 

Professional Revenue Management LLC

Professional Revenue Management LLC (PRM) is a specialized professional discipline that is used by a range of businesses tomanage revenue, increase net collections and assure prompt payments.

 

Detailed documentation, medical procedures, reimbursement guidelines, electronic record transfers and data security are the factors PRM is driven by.

 

Revenue cycle management functions are enhanceedc-by medical billingsoftware that replaces the tedious manual processes that can generate errors and foster fraud. Additionally, PRM serve medical practices with billing experts to manage key milestones in the revenue cycle:

  • Preparing claim by reviewing information needed to generate a "clean" claim
  • Monthly reporting used as a visual to the health of your practice
  • EDI management through a strong clearinghouse ensuring proper electronic claim submissions
  • Using an leading-edge medical billing software to file claims electrnically and accurately
  • Posting payments recieved and making deposits into the practice bank accounts
  • Posting denied claims, meeting payre objections a nd resubmitting claims
  • Monitoring payment intervals, analyzing underpaid claims and managing A/R
  • Managing patient responsible billing and making payment arrangements 

PRM processes produce specific benefits for physician practices, such as sustained cash flow, reduced exspenses, maximized reimbursements, improved liquidity, increased profitability and assured compliance.

 

 

Why Outsource?

Professional Revenue Management LLC

Employing a staff for billing purposes can get expensive. Hiring one new person means the costs of training, the employee's salary, benefits, and taxes, as well as compensation for turnover. Outside billing services eliminates these headaches by already having trained professionals.

We stay abreast of the latest in health-care changes and challenges, just as you do, through ongoing education. We have access to the best and brightest industry tips and techniques.

Creating a collaborative and positive billing experience for patients results in a financially solid bottom line, predictable cash flow, and increased net revenue without sacrificing customer satisfaction and precious time, money, and resources.

Professional Revenue Management LLC

Employing a staff for billing purposes can get expensive. Hiring one new person means the costs of training, the employee's salary, benefits, and taxes, as well as compensation for turnover. Outside billing services eliminates these headaches by already having trained professionals.

Delivering Innovative Support

Professional Revenue Management LLC

Professional Revenue Management utilizes a leading-edge cloud-based system equipped with many features including being ICD-10 ready! It also provides efficient EHR solutions for medical providers to add a more streamline approach to your medical practice.

Professionalism End to End

 

Maximum Security|Strict internal procedures assure 100% confident.

 

Consistent Tracking|Pursuing every claim relentlessly, no matter how small.

 

Ongoing Education|Skilled specialst for every issue and opportunity.

 

Proven Technology|Efficient billing system used to capture and keep more of your revenue.

Effective Solutions