Company Market Research Report: Precision Medical Billing (PMB)
Company Overview
Name
Precision Medical Billing (PMB)
Mission
PMB assists the medical industry by providing successful revenue collections and quality customer care with unwavering integrity.
Founded
- Year: 1995
- Founder: Petria McKelvey
Key People
- Petria McKelvey: CEO
- Sue Brooks: Physician Liaison
Headquarters
Located at 118 Vintage Park Blvd., Suite W450, Houston, Texas 77070
Number of Employees
No information is available.
Revenue
No information is available.
Specialization
PMB is known for aiding physicians, home health agencies, and hospice groups in navigating the intricate landscape of medical billing and claims. They emphasize quality service, reduced claim denials, and increased reimbursements.
Products
Overview
Precision Medical Billing (PMB) offers a range of services primarily focusing on medical billing and revenue cycle management for different segments within the healthcare industry.
Home Health & Hospice Billing Services
Description
These services streamline the administrative burden for home health and hospice agencies, focusing on accuracy and compliance to ensure maximum revenue recovery.
Key Features
- Outsourced Medical Billing
- Revenue Recovery Audits
- New front desk software called MyClearVisit, which reduces patient wait times and enhances convenience.
Physician Services
Description
Custom-tailored services and support for physicians and private practices, integrating seamlessly with existing software.
Key Features
- Claims management to minimize denials
- Detailed analyses and reports
- Revenue cycle management on track
- Compliance and accuracy ensured
- Introduction of MyClearVisit to streamline patient visits and financial responsibility notifications.
Hospital Services
Description
Comprehensive A/R management services aimed at boosting hospital cash flows.
Key Features
- Business office management
- A/R management
- Payment posting/credit balance adjustments
- Utilization of MyClearVisit for efficient front desk operations.
Recent Developments
New Features and Tools
- MyClearVisit: A newly implemented front desk software aimed at reducing patient wait time, allowing paperwork filling at patients' convenience, and pre-approximating financial responsibility before appointments.
New Product Launches
No information is available.
Partnerships
No information is available.
Events and Workshops
PMB has actively participated in industry events and conferences. Some upcoming events include:
- TAHCH 55th Annual Conference: September 9-11, 2024, Kalahari Resort & Convention Center, Round Rock, TX
- NHPCO'S 2024 Annual Leadership Conference: September 16-18, 2024, Sheraton Denver Downtown Hotel
- HCMS Annual Business Expo 2024: September 21, 2024, NRG Center, Houston, TX
Blog Insights and Updates
PMB regularly updates their blog to discuss industry trends, challenges, and solutions. Recent blog topics include:
- Navigating billing challenges in 2024.
- Strategies for overcoming billing challenges in home health and hospice care.
- Navigating the maze of revenue cycle management for physicians' offices.
- Insights on Medicaid roll purges across the United States.
Corporate Responsibility Statement
PMB integrates ethical practices into their operations, focusing on:
- Ethical business practices
- Customer relationships
- Employee well-being
- Diversity and Inclusion
- Community engagement
- Continuous improvement
This report provides a comprehensive overview of Precision Medical Billing (PMB) with focus on company details, product offerings, and notable recent developments.