Precision Practice Management
Precision Practice Management is a St. Louis-based, privately-held medical billing and revenue cycle management company serving hospitals, health systems, and physician practices across 47+ specialties throughout all 50 US states since 1993.
- Company typePrivate
- Founded1993
- HeadquartersSt Louis, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Precision Practice Management does
Precision Practice Management (PPM) is a privately-held medical billing and revenue cycle management (RCM) company headquartered in St. Louis, Missouri, founded in 1993. The firm provides outsourced billing, coding, claims processing, denial management, credentialing, EHR implementation, and IT support services to healthcare providers across all 50 US states. Its client base spans 47+ medical specialties, including hospitals, health systems, multi-specialty groups, and independent physician practices, with named enterprise relationships including St. Luke's Hospital (42 departments), Memorial Hermann Physician Network, and Illinois Oncology.
PPM's underlying technology stack centers on integration expertise across more than 30 EHR and practice management platforms, including Epic, NextGen, eClinicalWorks, Cerner, Allscripts, Greenway, athenahealth, and AdvancedMD. The company offers an AI & RPA Tech Enablement service designed to automate RCM workflows such as claims submission and denial follow-up, though details on proprietary models or in-house AI development are not disclosed. AAPC-certified coding staff provide specialty-specific coding services, and the firm supports MACRA/MIPS compliance, hospital charge capture, and telehealth billing.
PPM generates revenue through professional services and managed services engagements, with pricing on a customized, quote-based model tied to practice size and specialty requirements. The company pursues a direct B2B sales motion targeting healthcare providers through its website, dedicated regional contact pages for all 50 states, and a small direct sales force. Leadership is held by CEO Michael J. Barnell and President Ken Shumard. The company is bootstrapped (no funding rounds disclosed) and operates with 101-250 employees.
Precision Practice Management firmographics
Firmographics- Name
- Precision Practice Management
- Legal name
- Precision Practice Management
- Website
- https://precisionpractice.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Precision Practice Management is a St. Louis-based, privately-held medical billing and revenue cycle management company serving hospitals, health systems, and physician practices across 47+ specialties throughout all 50 US states since 1993.
- Ownership category
- akta.pro rank
Precision Practice Management industry classification
Industry- Product category
- Healthcare Revenue Cycle Management
- NAICS
- Professional, Scientific, and Technical Services (541)
- SIC
- Services-Health Services (8000)
- akta.pro primary industry
- Multi-Location & Enterprise Practice Operations (HLACADAG)
- akta.pro secondary industry
- Ambulatory & Physician Practice EHRs (HLACAAAB)
Keywords
Where Precision Practice Management is headquartered
LocationHeadquarters
- HQ city
- St Louis
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Precision Practice Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Medical Billing Services: Outsourced medical billing services for healthcare practices, handling claims submission, follow-up, and reimbursement optimization.
- Revenue Cycle Management: End-to-end RCM services including AR management, denial management, financial reporting, and revenue optimization for hospitals and medical practices.
- Credentialing Services: Provider credentialing and contracting services for hospitals, group practices, and individual providers.
- IT Support Services: Technical support, network solutions, security risk assessments, and wireless infrastructure services for medical practices, available 24/7.
- EHR Implementation & Optimization: Electronic health record system implementation, customization, training, and ongoing technical support services.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Precision Practice Management product offering
Product offeringCore offering
Precision Practice Management provides outsourced medical billing and end-to-end revenue cycle management services for healthcare practices, hospitals, and health systems across all 50 US states. The company also delivers EHR implementation and optimization support across 20+ platforms, provider credentialing and payer contracting, AAPC-certified medical coding, 24/7 IT support, and AI/RPA tech enablement. Services span 47+ medical specialties and cover both facility-based inpatient Part A and professional outpatient Part B billing.
Product overview
Precision Practice Management (PPM) offers a unified suite of revenue cycle management and medical billing services for healthcare practices. The core offering centers on Medical Billing Services and Revenue Cycle Management (RCM), which includes specialized modules for Inpatient Part A and Outpatient Part B billing. The portfolio expands through AI & RPA Tech Enablement for process automation, Contracting & Credentialing Services for provider enrollment, EHR Implementation & Optimization supporting 30+ platforms, and Medical Coding & Charge Coding Services with AAPC-certified coders across 47 specialties. Supporting services include AR & Denial Management, Financial Reporting, Hospital Charge Capture, MACRA/MIPS Compliance Support, Telemedicine/Telehealth billing support, IT Services with 24/7 technical support, and Complex RCM Change Management consulting. PPM serves practices of all sizes from independent physicians to large multi-facility health systems.
Differentiator
Problem solved
Functional benefit
Brands
- PPM: Abbreviated trade name for Precision Practice Management used on social media (Twitter handle @PPMMedBilling)
Products and services
- Medical Billing Services Comprehensive outsourced medical billing services for healthcare practices, encompassing claims submission, payment posting, patient statements, and accounts receivable follow-up across multiple specialties.
- Revenue Cycle Management (RCM) End-to-end revenue cycle management solutions spanning the entire billing lifecycle, including AR management, denial management, financial reporting, and revenue optimization for hospitals, group practices, and individual providers.
- Medical Coding & Charge Coding Services Professional medical coding and charge coding services by AAPC-certified coders providing accurate code assignment, documentation review, and coding audits across 47+ medical specialties, including specialty-specific credentials such as COBGC for OB-GYN.
- Contracting & Credentialing Services Provider credentialing and payer contracting services ensuring healthcare providers are properly enrolled with insurance networks, maintain active credentials, and secure favorable payer contracts.
- EHR Implementation & Optimization Electronic health record system implementation, customization, training, and ongoing technical support services delivered across 20+ EHR/EMR/practice management platforms including Epic, NextGen, eClinicalWorks, Cerner, Allscripts, and others.
- IT Services & Technical Support Comprehensive IT services for medical practices including 24/7 technical support, network and domain solutions, wireless infrastructure, and security risk assessments delivered by a dedicated help desk.
- Financial Reporting Customized financial and practice management reporting services including monthly reports, opportunity analyses, and dashboards to support clinical and financial decision-making for healthcare practices.
- AI & RPA Tech Enablement Technology-enabled services incorporating artificial intelligence and robotic process automation to optimize revenue cycle workflows, automate claims processing and billing tasks, and reduce manual administrative work for healthcare practices.
Quantifiable outcome
- Collection of AR claims that would normally be written-off
- +3 more outcomes
Companies that use Precision Practice Management
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles3 records
Precision Practice Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration30 records
AI capability1 record
Feature3 records
Precision Practice Management partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Memorial Hermann Physician Network (MHMD)corePrecision Practice Management welcomes partnership with Memorial Hermann Physician Network (MHMD), working with their physician network practices. This partnership enables PPM to provide revenue cycle management services to MHMD's affiliated providers.
Scale indicators3 records
Recent moves6 records
Expansion highlights4 records
Precision Practice Management competitors and assessment
Company assessmentDirect peers
- TruBridge: TruBridge is a healthcare IT company providing revenue cycle management, EHR, and consulting services primarily to community hospitals and physician practices. It is a close comparable to PPM in target customer profile and service mix.
- R1 RCM: R1 RCM is a leading dedicated healthcare revenue cycle management company serving hospitals and large physician practices. It directly competes with PPM in outsourced RCM services but operates at significantly larger scale, often targeting enterprise health systems.
- Waystar: Waystar provides cloud-based revenue cycle management, claims processing, and patient billing software for hospitals and practices. It overlaps with PPM's RCM, claims submission, and denial management services, though delivered via a SaaS platform rather than services model.
Emerging players
- Availity: Availity operates a healthcare information network and offers revenue cycle and claims management tools. It is adjacent to PPM's RCM workflow with a tech-centric model that complements or competes with services-based RCM providers.
- Experian Health: Experian Health provides claims management, denials, and patient access solutions for healthcare providers. It overlaps with PPM's AR & denial management and claims processing services, primarily via technology rather than full-service staffing.
Broad incumbents
- McKesson (Practice Choice / Medical Billing Services): McKesson provides healthcare technology, distribution, and practice management/RCM services to physician offices. Its broad portfolio positions it as a competitor for practice billing and IT services contracts that PPM also targets.
- eClinicalWorks: eClinicalWorks is a major EHR/PM vendor that also offers integrated billing and RCM services. PPM implements and supports eClinicalWorks but competes with the vendor where it bundles RCM directly to practices.
- athenahealth: athenahealth offers an integrated EHR, practice management, and revenue cycle management platform. PPM explicitly supports athenahealth as a downstream partner but competes where athenahealth bundles RCM services, threatening PPM's third-party billing position.
- Optum (UnitedHealth Group): Optum's RCM and healthcare services division provides revenue cycle, coding, and billing services to providers nationwide. It is a broad incumbent competitor with significantly greater scale, capital, and payer-aligned capabilities than PPM.
- Parallon (HCA Healthcare): Parallon provides end-to-end hospital revenue cycle management, coding, and credentialing services primarily to HCA-affiliated facilities and external health systems. It competes with PPM in hospital-focused RCM and Part A/Part B billing services.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Precision Practice Management social profiles
Digital presencePrecision Practice Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Precision Practice Management leadership team
Management profileNumber of profiles
Profiles2 records
Precision Practice Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Precision Practice Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Precision Practice Management
What does Precision Practice Management do?
Precision Practice Management provides outsourced medical billing and end-to-end revenue cycle management services for healthcare practices, hospitals, and health systems across all 50 US states. The company also delivers EHR implementation and optimization support across 20+ platforms, provider credentialing and payer contracting, AAPC-certified medical coding, 24/7 IT support, and AI/RPA tech enablement. Services span 47+ medical specialties and cover both facility-based inpatient Part A and professional outpatient Part B billing.
Is Precision Practice Management a public or private company?
Precision Practice Management is a private company. It is classified as unknown and is currently operating.
When was Precision Practice Management founded?
Precision Practice Management was founded in 1993. It employs 101 to 250 people.
Where is Precision Practice Management based?
Precision Practice Management is headquartered in St Louis, United States, in the North America region.
How does Precision Practice Management make money?
Five revenue lines are on record. Medical Billing Services are the primary driver. The others are revenue Cycle Management, credentialing Services, IT Support Services and EHR Implementation & Optimization.
Who are Precision Practice Management's main competitors?
Direct peers on record are TruBridge, R1 RCM and Waystar. Emerging players are Availity and Experian Health. Broad incumbents are McKesson (Practice Choice / Medical Billing Services), eClinicalWorks, athenahealth, Optum (UnitedHealth Group) and Parallon (HCA Healthcare).
Does Precision Practice Management have an API?
No public API is recorded for Precision Practice Management.
What industry is Precision Practice Management in?
Precision Practice Management's product category is Healthcare Revenue Cycle Management. Its primary akta.pro industry code is HLACADAG, Multi-Location & Enterprise Practice Operations, with a secondary code of HLACAAAB, Ambulatory & Physician Practice EHRs. Its NAICS code is 541 and its SIC code is 8000.