Premier Billing
Ensuring profitability and compliance for diagnostic laboratories
About
Us
Who We Are
At Precision Billing Solution, we are more than just a medical billing company—we are a trusted partner dedicated to the financial health of diagnostic laboratories. With expertise in Molecular, Genetic, Toxicology, Travel Allowance, and Blood Sample billing, we provide a complete, all-in-one solution that streamlines the revenue cycle, reduces denials, and maximizes reimbursements.
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Our team is built on a foundation of excellence, innovation, and precision. We leverage modern technology and data-driven strategies to tackle denials and claims at scale, ensuring that your laboratory gets the revenue it deserves—efficiently and accurately.
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At Precision Billing Solution, we don’t just process claims; we create customized solutions that adapt to the ever-changing landscape of medical billing. Whether you’re facing complex insurance policies, evolving compliance regulations, or increasing administrative burdens, our expertise ensures that you stay ahead.
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Your success is our priority. Let us handle the complexities of billing so you can focus on what truly matters—delivering quality diagnostics and patient care.
What
We
Offer
Revenue Cycle Management
Precision Billing Solution offers comprehensive Laboratory Revenue Cycle Management (RCM) to ensure seamless financial operations for diagnostic laboratories. From patient eligibility verification and claim submissions to denial management and reimbursement optimization, we handle every step of the billing process with accuracy and efficiency.
Credentialing
Our Credentialing and Contracting services streamline the process of enrolling laboratories with insurance payers and negotiating optimal reimbursement rates. We manage all paperwork, ensuring compliance with payer requirements and reducing the risk of delays. By establishing strong partnerships with insurers, we help laboratories expand their network and secure profitable contracts that align with their business goals.
Medical Record Auditing and Response
Our Medical Record Auditing and Response service helps laboratories stay compliant while maximizing reimbursement. We conduct thorough audits to identify billing discrepancies, ensure coding accuracy, and address any payer concerns. In the event of claim denials or documentation requests, our team crafts precise, evidence-backed responses to resolve issues efficiently and prevent revenue loss.
Missing Information Resolution
Incomplete or inaccurate billing information can lead to costly claim denials and payment delays. Our Missing Information Resolution service identifies and corrects missing or incorrect data before claims are submitted. By proactively verifying patient details, provider information, and coding accuracy, we minimize rejections and accelerate claim approvals. We contact clinics and facilities to ensure missing billing information is updated in a timely manner.
Verification of Benefits and Prior Authorization
We simplify the Verification of Benefits (VOB) and Prior Authorization process to ensure laboratories receive timely approvals and patients understand their coverage for high cost genetic testing. Our team verifies insurance eligibility, determines coverage specifics, and obtains necessary authorizations before collection, reducing the risk of claim denials and unexpected out-of-pocket costs for patients.
Call
(615) 914-3838
customerservices
@precisionbillingsolution.com
