We are thrilled to announce that Petria McKelvey, CEO of Precision Medical Billing, has been honored as one of Houston Business Journal’s 2024 Most Admired CEOs. This prestigious recognition celebrates Petria’s exceptional leadership, business acumen, and unwavering commitment to the success of PMB and the broader community. The Most Admired CEO Awards highlight top executives […]
We are proud to announce that Precision Medical Billing, under the leadership of CEO Petria McKelvey, has been recognized as one of Houston’s top emerging minority business enterprises by receiving the prestigious 2024 Emerging 10 (E-10) Award. This award honors PMB’s continued growth, commitment to overcoming business challenges, and deep involvement in the community. The […]
Effective June 3, 2024, a critical update will be implemented for hospice agencies regarding the enrollment status of certifying physicians. According to the Centers for Medicare & Medicaid Services (CMS), physicians must be enrolled in or opted-out of Medicare through the Provider Enrollment, Chain, and Ownership System (PECOS). Implementation Stages: Stage 1 (June 3, 2024 […]
Home health agencies are reminded of the policy concerning Electronic Visit Verification (EVV) Home Phone Landline Requirements. Compliance with these requirements is mandatory to ensure proper tracking and billing of home health services. Landline Requirements: The landline must be the member’s home phone number or a frequently used location like a family member’s or neighbor’s […]
The Final April 2024 Interim Performance Reports (IPRs) for home health agencies (HHAs) are now accessible through the Internet Quality Improvement and Evaluation System (iQIES). These reports, located in the “HHA Provider Preview Reports” folder, are available to authorized iQIES users and reflect the latest data and revisions. Key Points: IPRs are specific to each […]
Welcome back to our series tailored for home health and hospice care agency owners. Building on our previous discussion about value-based care and audit risks, this post delves into two crucial areas impacting your agency’s financial health: Compliance with Regulations and Accurate Coding. These topics are not merely operational—they are vital to your agency’s sustainability […]
Managing your in-house medical billing may be costing more than you realize, compromising your agency’s efficiency. Outsourcing to a provider like Precision Medical Billing can be a practical, effective, and cost-saving solution. Here are seven compelling reasons to consider: Outsourcing your hospice billing to Precision Medical Billing can streamline your operations, reduce costs, and enhance […]
Welcome to the first entry in our blog series focusing on overcoming billing challenges in home health and hospice care through collaboration with specialized billing companies. The healthcare landscape in 2024 is rapidly evolving, and two prominent challenges that agencies face are adapting to value-based care and reimbursement models, and mitigating audit risks. This series […]
The world of medical billing and coding is undergoing significant changes in 2024, impacting healthcare providers, coders, and patients alike. These updates, primarily focusing on the Current Procedural Terminology (CPT) and the International Classification of Diseases, Tenth Revision, Clinical Modification (ICD-10-CM) code sets, are crucial for ensuring accurate documentation, billing, and overall healthcare management. Key […]
The landscape of Medicare, particularly concerning Medicare Advantage (MA) and Part D programs, has undergone significant changes with the finalization of new rules by the Centers for Medicare & Medicaid Services (CMS) for 2024. These changes aim to streamline processes, enhance access to care, and safeguard beneficiaries against misleading marketing practices, ultimately reflecting a significant […]