Precision Medical Billing

What Precision Medical Billing does

Precision Medical Billing (PMB), founded in 1995 and headquartered in Houston, Texas, provides outsourced medical billing and revenue cycle management (RCM) services to U.S. healthcare providers across three verticals: home health and hospice agencies, physician practices, and hospitals. The company assigns dedicated billing and revenue recovery associates to each client and has reportedly collected over $1 billion in receivables for clients since inception. Core services include A/R management, denials and appeals management, early-out and self-pay collections, payment posting, credit balance adjustments, audits, No Surprise Act compliance, and revenue recovery against Medicare, managed care, and commercial payers.

PMB's product portfolio centers on its proprietary MyClearVisit (MCV) front-desk patient intake software, described as patent pending, which bundles eAppointment, eRegistration, eVerification, Prior Authorization, Patient Financial Counseling, Prepayment Estimations, and payment collection modules. The company's RCM workflow is augmented by integrations with Experian Health's AI-powered tools, including Patient Access Curator for eligibility verification and AI Advantage for predictive denial analytics and denial triage, alongside ClaimSource, Claim Scrubber, and the Denials Workflow Manager. Additional offerings include a savings calculator on the company website and structured subscription-style engagements (Billing Oversight Support and Emergency Billing Support).

PMB generates revenue through a mix of professional services fees for end-to-end billing management and recurring monthly retainers for its oversight and emergency support offerings. Pricing is quote-based and not publicly disclosed. The company is led by CEO and Founder Petria McKelvey, operates with a reported 1-10 employee base, distributes services via enterprise field sales and inside sales motions, and markets through a content-rich blog (164+ articles), segmented email lists, industry conferences, and Facebook Live Q&A sessions. PMB has been recognized by Becker's Hospital Review as the No. 1 U.S. medical billing company (2017) and by Houston Business Journal with 2024 Emerging 10 and Most Admired CEO honors.

Name

Precision Medical Billing

Legal name

Precision Medical Billing

Website

https://precisionmedicalbilling.com

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

1–10 employees

Short description

Precision Medical Billing provides outsourced medical billing and revenue cycle management services to U.S. home health agencies, hospice providers, hospitals, and physician practices, supported by its patent-pending MyClearVisit patient intake platform and Experian Health AI integrations.

Ownership category

akta.pro rank

Product category

Healthcare Revenue Cycle Management (Medical Billing Services)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

RCM Outsourcing & Managed Billing Services (HLACACAN)

akta.pro secondary industries

Medical Billing & Coding Automation (HLACACAA), Patient Access, Registration & Intake (Front-End RCM) (HLACACAE), Patient Billing, Statements & Payment Processing (HLACACAG), Medical Coding, Billing & Clinical Documentation Support (BPAAAFAD), Healthcare Billing & Patient Payments Presentment (FSAMAJAH)

Keywords

• Medical billing services
• Revenue cycle management
• Healthcare RCM
• Accounts receivable management
• Patient intake software

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Outsourced Medical Billing & Revenue Cycle Management: PMB provides end-to-end medical billing and revenue cycle management services to healthcare providers (home health, hospice, hospitals, physicians). Services include billing/collections, denials/appeals management, early out and self-pay, audits/A/R cleanup, payment posting, credit balance adjustments, and revenue recovery. The company assigns dedicated revenue recovery associates for Medicare and insurance billing. Revenue is generated through service fees for ongoing billing management and revenue recovery.
2. Billing Oversight Support (BOS) - Virtual Billing Support: PMB offers virtual billing support where they meet with client billing teams to discuss claims issues. Multiple support levels are available via a monthly retainer model.
3. Emergency Billing Support (EBS): Short-term billing support service for clients who are temporarily without a biller. PMB continues revenue cycle management on a monthly basis without requiring an annual contract.
4. Revenue Recovery Audits: PMB conducts Medicare audits to identify procedural issues and uncover uncollected revenue. The initial consultation is complimentary. Audits often offset their cost by discovering overlooked revenue.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels5 records

Core offering

Precision Medical Billing provides outsourced medical billing and end-to-end revenue cycle management (RCM) services to healthcare providers across home health, hospice, hospital, and physician practice verticals. Its offerings include billing/collections, denials/appeals management, A/R cleanup, payment posting, credit balance adjustments, revenue recovery audits, and emergency/oversight billing support, supported by its proprietary patent-pending MyClearVisit patient intake software and Experian Health AI integrations.

Product overview

Precision Medical Billing (PMB) offers a suite of medical billing and revenue cycle management services for healthcare providers. The core product portfolio includes MyClearVisit (MCV), a patent-pending patient intake software, alongside specialized billing services for Home Health & Hospice agencies, Physician practices, and Hospitals. The company integrates with Experian Health's AI-powered tools (Patient Access Curator and AI Advantage) for claims management, eligibility verification, and denial prevention. PMB's services span billing oversight support, emergency billing support, A/R management, revenue recovery, and compliance solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• MyClearVisit (MCV) Front desk software for patient intake that includes eAppointment scheduling, eRegistration (patient demographics and consent retrieval), eVerification (insurance benefits verification including front/back of insurance cards, copays, and deductions), Prior Authorization, Patient Financial Counseling, Prepayment Estimations, and Collect Estimated Payments (co-pays, deductibles, co-insurance prior to visits). Targeted at healthcare provider organizations seeking to automate patient intake and point-of-service collections.
• Home Health & Hospice Medical Billing Services Outsourced medical billing, billing oversight support (BOS), emergency billing support (EBS), and revenue recovery audit services for home health agencies and hospice providers. Covers Traditional Medicare, Medicare Managed Care, Private Insurance, Medicaid, Medicare Secondary Payer, and TPL/Dual billing.
• Physician Medical Billing Services Outsourced medical billing and collections for physician practices and private clinics, including insurance AR collections, revenue recovery (Medicare, Managed Care, All-Payer), payment posting, credit balance adjustments, and No Surprise Act compliance support.
• Hospital Medical Billing Services A/R management, business office management, payment posting, credit balance adjustments, denials/appeals, early out and self-pay, audits/A/R cleanup, and No Surprise Act compliance services for hospitals.

Quantifiable outcome

• $1 billion+ in receivables collected for clients since 1995
• +2 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability4 records

Feature1 record

Scale indicators6 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Waystar: Cloud-based RCM and healthcare payments platform serving hospitals and physician groups with eligibility, claims management, denials, and patient billing — directly overlaps PMB's RCM outsourcing and patient payment workflows at a much larger scale.
• R1 RCM: Large outsourced RCM provider focused on hospitals and health systems, offering A/R management, denials, and patient access services that compete head-to-head with PMB's hospital and physician billing lines.
• Athenahealth: Integrated EHR, practice management, and medical billing platform serving physician practices and hospitals, providing both software and outsourced billing services that overlap PMB's physician and hospital RCM offerings.
• Availity: Healthcare information network and RCM platform offering eligibility, claims management, denials, and patient access tools — closely comparable to PMB's front-end RCM, verification, and denials management services.
• AdvancedMD: Cloud EHR, practice management, and medical billing service for small and mid-sized physician practices — directly comparable to PMB's physician services line in target customer, billing automation, and outsourced collections.
• Tebra (Kareo + PatientPop): All-in-one practice growth and medical billing platform for independent practices, combining EHR, patient intake, and outsourced billing — directly overlaps PMB's MyClearVisit intake workflow and physician billing services.
• Greenway Health: EHR and practice management vendor with revenue cycle management and billing services for ambulatory practices, comparable to PMB's physician practice billing and patient access capabilities.
• eClinicalWorks: Ambulatory EHR with integrated practice management and RCM services for physician practices, providing patient intake, eligibility, and billing services that overlap with PMB's MyClearVisit and physician billing products.

Broad incumbents

• NextGen Healthcare: Ambulatory EHR and RCM vendor serving physician practices and specialty groups, with revenue cycle management and patient engagement tools that compete in the same space as PMB's physician services.

Others

• Experian Health: Healthcare technology and data analytics provider whose Patient Access Curator, AI Advantage, and ClaimSource products are integrated into PMB's RCM stack; comparable as an enabler/ecosystem participant that shapes PMB's underlying denial and eligibility capabilities.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/precisionmb

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Precision Medical Billing