You take care of patients. We take care of the rest.
Since 1996, Practice Resources, LLC has been an industry leader in Revenue Cycle Management.
At PRL, we believe in the importance of fostering close relationships with our clients. We provide transparent management of your account, coupled with regular feedback aimed at improving every step of the revenue cycle.
Revenue Cycle Management
Charge Capture and Coding: Our billing team ensures accurate and maximum reimbursement by validating charges, coding accurately, and adding valuable modifiers where appropriate.
Denial Management: We track, quantify, and minimize claim denials by identifying trends, resubmitting to payors, and educating front office staff.
AR Follow-Up: We closely manage and follow up on all outstanding claims, providing our clients with detailed monthly reports in order to maintain transparency.
Payment Posting: We ensure prompt and accurate insurance payments from third party payors. We also offer patients multiple options for paying toward their balance.
Physician Credentialing: We help physicians establish participation with third party payors and maintain compliance with legal standards.
Information Technology
We provide comprehensive IT management and support, including Managed Hosting via a state of the art space where we secure, manage, and maintain your server infrastructure. We are able to house your physical servers, utilize virtual servers, or host your Microsoft or EMR server in a secure, climate controlled environment complete with backup battery system and gas-powered generator, ensuring access 24/7, 365 days a year with minimal downtime.
Other IT services include:
- Managed Services
- Implementation & Integration
- Help Desk Support
- IT Consulting & Professional Services
- IT Hardware sales, repairs, and recycling
- Virus and Malware removal
- PC/Laptop Encryption
Financial Services
Financial Reporting: We provide comprehensive bookkeeping services, including routine and month-end journal entry posting. We also prepare monthly financial statements and analyze fluctuations to budgeted figures and/or prior years. Additionally, we act as an intermediary between practice and independent tax accountants and/or financial statement auditors.
Cash management: We process accounts payable and make record in the general ledger. We also process and record daily deposits, prepare monthly cash account reconciliations, and monitor cash available to ensure adequate liquidity based on future cash requirements.
Other services: We provide assistance with budget preparation, create and/or analyze physician and mid-level compensation models, and review contracts and leases.
Practice Consulting
We offer detailed analysis of your practice to provide optimization opportunities in EMR, billing, and third party payor agreements.
Provider Services
We audit and monitor your practice—and educate providers and clinical staff on audit results, policy changes, and billing rules.
Remote Scribing Services
We transcribe your dictated chart notes to save you time, both in and out of the office.
Human Resources
We provide benefit administration, payroll services, employee handbooks, and conflict resolution.
Want to learn more?
Speak with a specialist to learnhow we can help manage your practice and optimize your revenue stream.