An HBMA-Member Medical Billing Company
MedPrecision is more than a billing vendor -- we are a long-term billing service committed to growing your practice's financial performance year over year. Our certified teams, documented processes, and data-driven approach produce measurable results.
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What Does a Medical Billing Company Do?
A medical billing company handles the end-to-end revenue cycle for healthcare practices: eligibility verification, charge entry, coding, claim scrubbing and submission, payment posting, denial management, A/R follow-up, patient collections, and KPI reporting. Pricing is normally a percentage of collections; MedPrecision charges 7.0% for solo practices and 6.0% for groups, with no setup fees, per-claim charges, or software fees. Performance is judged against the freely published AAFP targets — adjusted collection rate 95% at minimum, days in A/R below 50 with 30 to 40 preferable, and a 5% to 10% denial rate.
- 100% AAPC/AHIMA-certified billing and coding staff
- Month-to-month engagement with specialty-aligned billing teams
- 40+ specialty-matched team assignments (gastro, cardio, ortho, derm, ASC)
- Month-to-month contracts after 90-day onboarding, no long-term lock-ins
Choosing a billing partner is a multi-year financial decision, and the honest starting point is that most of the benchmark numbers quoted in this market cannot be checked. MGMA's practice medians sit inside licensed DataDive products that cannot be republished, and HFMA's MAP Keys publish metric definitions and equations without setting a single target value. What *is* freely published is the guidance a practice can actually hold a vendor to: AAFP puts the adjusted collection rate at "95%, at minimum" against a 95% to 99% average, days in A/R "below 50 days at minimum; however, 30 to 40 days is preferable", and a denial rate of "5% to 10%" as the industry average with below 5% more desirable. MedPrecision is an HBMA-member medical billing company with 100% AAPC- or AHIMA-certified billing and coding staff, month-to-month contracts after a 90-day onboarding, and percentage-of-collections pricing that aligns compensation with the practice's collected revenue rather than activity metrics. The team supports 40+ specialties with assigned specialty-matched staff, monthly KPI reporting, quarterly strategic reviews, and direct integration with major EHR/PM systems including Athenahealth, eClinicalWorks, AdvancedMD, NextGen, Kareo, and DrChrono.
Who This Service Is For
The State of Medical Billing Company in 2026
Benchmark data in this market is far harder to verify than its confident presentation suggests. The two figures quoted most often to practice owners -- a 98% clean claim rate and a 97-99% net collection rate -- trace not to the professional societies they are attributed to but to a single vendor-sponsored article, which in turn attributes its own clean-claim figure to a trade publication. HFMA's MAP Keys publish metric definitions and equations, not target values. MGMA's medians sit inside licensed DataDive products. AAFP publishes the one freely checkable target set -- adjusted collection rate "95%, at minimum" against a 95% to 99% average, days in A/R "below 50 days at minimum; however, 30 to 40 days is preferable", and a "5% to 10%" denial rate -- and publishes no clean claim rate figure at all, which means no vendor can honestly cite one as an industry standard. On first-pass performance, MGMA reported a single-specialty aggregate rate of 8% for claims denied on first submission in its 2023 DataDive Practice Operations data set, and noted this was the same rate documented in 2019 -- four years of clearinghouse tooling moved the industry number by nothing. The practical test when comparing billing companies is simple: ask which of a vendor's quoted numbers has a URL behind it.
What Is Breaking Right Now
Declining net collections despite increasing patient volumes
Generic billing teams without specialty expertise causing missed revenue
No actionable data or reporting to make informed financial decisions
Difficulty keeping up with constant payer rule changes and regulatory updates
Common Medical Billing Company Mistakes to Avoid
Choosing a billing company based primarily on the lowest percentage fee
Low-fee billing companies often cut corners on follow-up, appeals, and claim scrubbing to maintain margins. The savings on fees are far outweighed by the revenue lost from lower collection rates, higher denial rates, and less aggressive A/R management.
Evaluate billing companies on net collection rate improvement, denial rate reduction, and total revenue impact rather than fee percentage alone. A company charging 6% that collects 97% will generate far more revenue than one charging 4% that collects 91%.
Not verifying specialty-specific expertise before signing a contract
Billing companies that lack experience in your specialty will under-code specialty-specific procedures, miss billing opportunities unique to your field, and apply incorrect modifier or bundling rules, resulting in preventable denials and lost revenue.
Request client references from practices in your exact specialty, ask about the certifications and experience of the specific team that will be assigned to your account, and verify their knowledge of specialty-specific billing rules during the evaluation process.
Failing to establish performance benchmarks and reporting requirements upfront
Without defined KPIs and regular reporting requirements, there is no objective basis for evaluating the billing company's performance. Issues can persist for months before they become apparent in your bank deposits.
Define specific performance targets (net collection rate, days in A/R, denial rate, charge lag) before the engagement begins, and require monthly reporting against these benchmarks with explanation for any negative variances.
Not maintaining oversight of the outsourced billing operation
Outsourcing billing does not mean abdicating financial management. Practices that do not review monthly reports, question variances, or participate in strategy discussions often experience gradual performance decline that goes unnoticed.
Designate a practice administrator or physician champion to review monthly reports, attend quarterly strategy sessions, and serve as the primary liaison with the billing company. Active oversight keeps performance accountable.
Switching billing companies without a structured transition plan
Unstructured transitions create revenue gaps during the handoff period, and institutional knowledge about your practice's specific payer quirks and billing workflows is lost. Most practices experience a 10-15% revenue dip during poorly managed transitions.
Require a detailed transition plan with parallel billing periods, defined data migration milestones, and revenue protection guarantees before any billing company change.
What We Handle
Certified Billing Professionals
Every member of your billing team holds CPC, CPB, or CCS certifications with ongoing education requirements to stay current with coding and payer changes.
Data-Driven Revenue Recovery
We use advanced analytics to identify revenue leakage, denial patterns, and payer-specific opportunities that most billing teams miss.
Long-Term Partnership Model
Our contracts are performance-based with no long-term lock-ins. We earn your business every month through measurable results and transparent reporting.
Multi-Specialty Expertise
Deep billing expertise across 40+ medical specialties ensures your claims are coded and billed according to specialty-specific payer guidelines.
Compliance & Audit Readiness
Built-in compliance checks, regular internal audits, and documentation standards that keep your practice audit-ready at all times.
Free Billing Audit · No obligation
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Talk to our team about what an assigned billing service looks like for your practice. No sales pitch — just an honest conversation about your billing challenges.
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Our Medical Billing Company Methodology
Practice Revenue Intelligence Assessment
Before any billing work begins, we conduct a deep-dive analysis of your current financial performance, identifying every revenue opportunity and process weakness. This assessment covers coding accuracy, denial patterns, payer contract performance, charge capture completeness, and patient collection rates to establish a clear baseline and improvement roadmap.
Specialty-Matched Team Assignment
Your practice is assigned a team selected specifically for their experience with your specialty. A dermatology practice gets billers who understand Mohs surgery coding. A cardiology group gets staff trained on cardiac catheterization billing. This specialty matching drives higher accuracy and fewer denials from day one.
Performance-Based Accountability
We set specific, measurable KPI targets during onboarding and report against them monthly. Our percentage-based compensation model means we earn more only when you collect more, creating genuine alignment between our performance and your revenue outcomes.
Continuous Payer Intelligence
Our team monitors payer policy changes, fee schedule updates, and billing rule modifications across every payer in your market. When a payer changes its requirements, your billing workflow is updated before the change takes effect rather than after you start receiving denials.
Quarterly Strategic Reviews
Beyond monthly operational reporting, we conduct quarterly strategic reviews that analyze long-term trends, identify emerging revenue opportunities, evaluate payer contract performance, and recommend strategic actions to grow your practice's financial performance year over year.
Medical Billing Company: MedPrecision vs Alternatives
| Feature | verified MedPrecision | In-House | Other Providers |
|---|---|---|---|
| Team Specialization | check_circle Specialty-matched team with direct experience in your medical specialty | General billing staff handling all specialties | Pooled teams handling multiple specialties with limited specialization |
| Compensation Model | check_circle Percentage-based with no long-term contracts, aligned with your collections | Fixed salary costs regardless of collection performance | Percentage-based but with long-term contract lock-ins and hidden fees |
| Onboarding Process | check_circle Baseline revenue assessment with 90-day improvement plan and parallel billing | Continuous internal operations | Standard transition with limited baseline analysis |
| Reporting and Transparency | check_circle Monthly KPI dashboards, quarterly strategic reviews, and real-time system access | Internal reporting dependent on staff capability | Monthly reports with limited strategic insight |
| Compliance Program | check_circle Built-in compliance monitoring with regular audits and OIG work plan alignment | Compliance dependent on available internal expertise | Basic compliance checks without proactive monitoring |
| Technology Integration | check_circle Integrates with all major EHR/PM systems without requiring software changes | Existing system capabilities, may be limited | May require specific software or system changes |
“The difference between a billing vendor and a billing service is accountability. A vendor submits your claims and sends you a report. A partner takes ownership of your revenue performance and is measured by your financial outcomes, not their own activity metrics.”
MedPrecision Billing Team
Chief Revenue Officer
How the Transition Works
How we deliver medical billing company for your practice.
Practice Revenue Assessment
We perform a detailed analysis of your current billing performance, payer mix, denial patterns, and revenue opportunities to establish a clear improvement roadmap.
Custom Billing Strategy Design
Based on the assessment, we design a billing strategy configured for your specialty, payer contracts, and growth goals with specific KPI targets.
Implementation & Transition
We integrate with your systems, train our assigned team on your workflows, and execute a structured transition to ensure uninterrupted revenue flow.
Performance Management & Growth
Ongoing performance tracking against KPIs with quarterly strategy sessions to adapt to payer changes, regulatory updates, and practice growth.
What Reporting and Visibility Looks Like
Transparency is built into every engagement. You will always know where your revenue stands and what actions are being taken on your behalf.
Monthly KPI Dashboards
Track collection rates, denial trends, days in A/R, and payer-level performance with dashboards delivered on a fixed schedule.
Real-Time Claim Tracking
See claim status updates in real time so you never have to wonder where a payment stands or when follow-up is happening.
Quarterly Business Reviews
Detailed reviews with actionable recommendations covering denial root causes, payer trends, and revenue recovery opportunities.
Proactive Alerts
Automated alerts when key metrics shift, so issues are caught and addressed before they affect your bottom line.
Medical Billing Company Key Terms
- Net Collection Rate
- The percentage of allowed charges that a practice actually collects. The single most important metric for evaluating billing company performance. Benchmark is 95% or higher for well-managed practices.
- Percentage-Based Billing Fee
- A billing company compensation model where the fee is calculated as a percentage of collections received. Typical range is 4-8% of net collections depending on specialty, volume, and scope of services.
- Parallel Billing Period
- A transition period during which both the outgoing and incoming billing teams process claims simultaneously, allowing the new team to prove accuracy before the old team is fully disengaged. Best practice duration is 2-4 weeks.
- Practice Management System
- Software used by medical practices to manage day-to-day operations including appointment scheduling, patient registration, charge entry, claim submission, and financial reporting. Common systems include eClinicalWorks, Athenahealth, and AdvancedMD.
- Key Performance Indicators (KPIs)
- Quantifiable metrics used to evaluate billing performance. Core billing KPIs include net collection rate, days in A/R, denial rate, clean claim rate, charge lag, and cost to collect.
- Payer Mix
- The distribution of a practice's patients across different insurance types (Medicare, Medicaid, commercial, self-pay). Payer mix significantly affects revenue per visit, denial rates, and optimal billing strategies.
Common Questions
Common questions about medical billing company.
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Get a Free Billing Audit arrow_forwardWhat makes MedPrecision different from other medical billing companies?
Three structural differences separate MedPrecision from typical billing vendors. First, specialty matching: assigned billers and coders are pre-qualified for the practice's specialty (cardiology cath lab coding, dermatology Mohs, ASC facility billing, gastroenterology endoscopy with colon polyp removal modifiers, mental health 90837 vs. 90834 distinctions) rather than rotated through a generic queue. Second, certification: 100% of billing and coding staff hold active AAPC (CPC, CPB) or AHIMA (CCS, CCS-P) certifications, with continuing education tracked against each credential's own CEU requirement. Third, contract structure: month-to-month after a 90-day onboarding window with percentage-of-collections pricing that ties MedPrecision's revenue directly to the practice's collected revenue rather than activity metrics or claim volume.
Do you require long-term contracts?
No. The standard MedPrecision contract is month-to-month after an initial 90-day onboarding period during which the team is integrated, baseline KPIs are measured, and the parallel billing handoff is completed. The 90-day window is the realistic minimum to see measurable improvement: aged A/R recovery work, denial pattern analysis, and payer rule library buildout all require 60-90 days to produce data the practice can evaluate. After that window, the practice can terminate with 30-60 days' notice for any reason. The economic argument for month-to-month is straightforward: a long-term lock-in removes the vendor's reason to keep improving after the easy wins are banked. Removing the lock-in forces continuous performance accountability. Under a month-to-month model, retention is earned through measurable KPI delivery rather than imposed through contract terms. Onboarding fees, transition costs, and software-integration charges are quoted up front in the engagement letter rather than buried in long-term contract language.
How do you handle multiple specialties within a group practice?
Multi-specialty groups are assigned specialty-segmented billing teams under unified reporting. Each specialty within the group gets billers and coders with direct experience in that specialty's coding rules, payer-specific bundling edits, and denial patterns — a multi-specialty group with cardiology, primary care, and an ASC will have three specialty-aligned biller pods coordinating under a single account manager. This matters because specialty-specific rules don't generalize: cardiology bundles cardiac catheterization codes (93452-93462) with imaging modifier requirements that don't apply to primary care; ASC facility billing under the CMS-ASC fee schedule uses status indicator G2 (designated procedures) and J1 (multiple-service packaging) that physician billers don't routinely encounter; pediatrics requires age-specific E/M code 99381-99395 selection plus immunization administration code logic. Reporting is consolidated at the group level (consolidated KPI dashboards, A/R aging by specialty, denial rates per provider) so the practice administrator sees one set of numbers, not three.
What results can we expect in the first 90 days?
First-90-day results follow a predictable pattern based on what is fixable inside that window. Days 1-30 typically focus on stabilization and aged A/R cleanup: assigning the specialty-matched team, integrating with the practice management system (Athenahealth, eClinicalWorks, AdvancedMD, NextGen, Kareo), running the baseline revenue assessment, and prioritizing the aged A/R for filing-deadline rescue. Days 31-60 focus on denial pattern analysis and payer rule library buildout: every CARC/RARC code is mapped, recurring denials are routed to upstream prevention (coding, registration, or authorization fixes), and clean-claim rates climb. Days 61-90 focus on appeal recovery and KPI lock-in: appeals from the aged A/R bucket land overturned dollars, charge capture gaps are closed via daily appointment-to-charge reconciliation, and monthly KPIs stabilize. The full revenue cycle improvement curve runs 6 months as systemic issues compound and preventive measures take hold.
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