5 reasons why you should outsource your DME Billing services

If you don’t have access to skilled coders and billers, DME billing can give you nightmares. However, by outsourcing your billing needs to a reliable third party, you can save time and money and grow your DME business like never before.

Here are top five reasons why outsourcing your DME billing is a good idea:

1.            Given the changes in regulations by federal agencies and payers, DME billing is already a daunting task. In order to get timely payments, it is very important that all billing and coding procedures are being followed as per the guidelines. From the comprehensive procedure of authorization to eligibility verification, there is a lot that goes into getting claims paid on time. When you outsource, you will get access to an expert team who can handle all this for your business with ease.

2.           Error -free billing needs good understanding of Medicaid, Medicare and commercial plan rules. Reputed billing companies have billers and coders who are well aware of these rules and also stay abreast with industry changes. They follow coding as well as documentation prerequisites that make DME billing very complex.

3.           More savings and increased revenue are also the reasons why DME billing should be outsourced. Since you will be letting a third party handle billing and coding, there is no need to hire in-house staff or invest in infrastructure and technology. This will save you a lot of money. Secondly, a dedicated team will be handling your claims which means, you can be assured of timely payments.

4.          Enhanced safety is another benefit why outsourcing is a good idea. If you have chosen a reliable company, you will get to enjoy transparent billing process. The company will have HIPAA-compliant, 100% secure billing procedure for safeguarding you against hacking attempts. Your data will be kept confidential at all times too.

5.           Since DME billing rules and regulations keep changing, it is important to have expert billers who stay abreast with the changes. A good medical billing company will have billers who will keep up with all the changes and stay up-to-date with everything. This will free your time for other operational tasks. Certified billing companies also make sure that they comply with healthcare laws such as HIPAA when offering their services. They also handle A/R collections and denial management to help their clients grow.

About 247 Medical Billing Services:

We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.

Contact:
 247 Medical Billing Services
 Tel: +1 888–502–0537
 Email: info@247medicalbillingservices.com

DME Billing Setbacks can be dealt with Hiring 24/7 Medical Billing Services as a Billing Partner

Streamlined billing service will remain a necessity in 2019 as well because obtaining reimbursement for DME is quite complicated. There are various reasons for this. For instance, from the DME reimbursement standpoint, if the reimbursement doesn’t form a complete treatment episode and just a part of it, the necessity of the treatment episode will depend on the recommendation of the physician. Due to this dependency, reimbursement for DME incidents gets complicated, requiring additional paperwork.

To maintain a steady cash flow, it is necessary to have an expert team that handles audits, claims submission, follow-ups and so on. By hiring a reliable billing partner, DME billing setbacks can be dealt with ease and billing costs can be reduced by 80%. Billing companies also ensure 100% HIPAA compliance along with offering monthly customized reports.

Error-free billing for durable medical equipment is critical because even if one medical device is billed incorrectly, it will result in a loss of thousands of dollars. Also, unlike most clinical procedures, DME billing suffers from various challenges. For instance, DMEs are mostly ancillary services and are often deemed as medically unnecessary. Also, at times, prescribed DME doesn’t meet the permitted reimbursement level and if there is a lack of HCPCS (Healthcare Common Procedure Coding System), then also timely payments become a challenge.

DME Billing is complex in nature- this is something that almost all practices dealing with durable medical equipment will agree with. Quite often, providers get substantial orders for supplies but they fail to recover the expected revenue due to inexperienced billing staff and their inability to work around an effective DME revenue process.

With the rise in the number of aging patients, market for durable medical equipment is expanding. It is also growing because patients now desire to stay in their homes. It is expected that the global durable medical equipment market will display growth by a CAGR of 6.14% during 2018-2023. But if effective billing practices are not in place, then getting paid will become a challenge.

Since DME Billing Service Provider has also been hit by regulatory changes such as the Final Rule, having a team of expert billers and coders has become a necessity. CMS has made it necessary to establish a prior authorization process for some orthotics, DMEs, prosthetics, and supplies under this rule. Now practice managers have to build a proper prior authorization process which is quite time-consuming. Complications involve in creation of this process affect revenue generation and billing in negative manner.

About 247 Medical Billing Services:

We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.

Contact:
 247 Medical Billing Services
 Tel: +1 888–502–0537
 Email: info@247medicalbillingservices.com

2019 DMEPOS Coding Updates- Are Your Coders Ready?

247MBS has been into the DME billing and coding domain for several years. Our company takes pride in its team of highly experienced DME billing experts who understand DME billing needs and cater to all the DME billing requirements of our clients.

In order to receive timely payments, it has become imperative for DME suppliers to demonstrate medical necessity of the durable medical equipment. Without securing and retaining the right documentation of medical necessity, obtaining Medicare payments can become a nightmare for those involved in furnishing DME and submitting claims.  

All this has pushed the need to have expert billers and coders who are aware of the Medicare regulations and ICD-10 coding changes.

DME Code Changes

Here are some of the April changes to the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) items and services.

Centers for Medicare and Medicaid Services (CMS) has not only added a diabetes code but also changed oxygen coding for the DME fee schedule by altering the HCPSC Level II modifiers.

Diabetic DME codes- there have been some changes that will affect coding of HCPCS Level II code K0903. According to the CMS, the fees for K0903 are set on the basis of fees for code A5513.

CMS released the DMEPOS fee schedule for 2019 that will be effective for Medicare claims that have a service date on or after 1st of January. Also, according to the AOPA (American Orthotic and Prosthetic Association), in 2019, the  Medicare Fee Schedule for O&P services will also increase by 2.3% compared to the rates in 2018.

Surge in demand for trained coders

Coders need to pay close attention to the details of doctor’s procedures and diagnoses. They will have to use very specific ICD-10 and CPT codes to get reimbursed. For instance, if they are using billing diagnosis code F11.20 on a claim with procedure code 80307, it will reimburse them about $30 less than specifying the exact upload being used by the patient.

To get paid on time, many suppliers have started outsourcing their billing needs to a third party. Outsourcing is giving them the opportunity to get reimbursed on time, without having to go through the hassles of keeping up with coding and regulatory changes.

About 247 Medical Billing Services:

We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.

Contact: 
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com

Error-free DME Billing is Necessary For Continued Successful Operations

Medical billing software can be of great help in managing the financial information and streamlining the billing and coding procedure. Since it is a time consuming and tedious process, health professionals are choosing to automate medical billing. They are investing in a DME billing software to reduce paperwork, cut down expenses and get payments on time.

If you are planning to invest in a DME billing software, then here are a few benefits that you will get to enjoy:

Efficiency

Entering medical data is a tedious and time consuming procedure but with billing software you can improve efficiency and reduce errors in data submission. Once the patient data is uploaded in the billing software, it becomes easy to transfer the data between systems in a seamless manner. This saves a lot of administration time and effort, resulting in improved efficiency.

Save time and money

With quality DME billing software, you can save time as well as money in different areas. For instance, it helps in reducing the administrative workload, eliminating the need to hire more staff. Since things are automated, less paper is used which cuts that expense and also reduces the time required for monitoring it.

Timely reimbursements

 Whether it is ICD-10 codes or the background data for patients, incorrect data entry can lead to low reimbursements. Even the most dedicated employee can end up making occasional mistakes in data entry and this can cost you a lot of money. But if you are using billing software, there is no room for incorrect data entry which leads to full and timely reimbursement for the services offered.

Ease in reporting

 New avenues of reporting can be opened up if billing and documentation is linked. For instance, if there is better access to information, healthcare professionals can easily determine the procedures that are losing money. They can then take necessary measures for closing the financial gaps. When every process is integrated, the process of making inferences from one side to another becomes easier.

Thorough documentation

 Another benefit of using integrated software is thorough documentation. For instance, a chain of documentation is required for claims forms, especially when it is related to a workman’s compensation. In order to hunt down the forms, the administrator needs to be invested a lot of time. But this process can be completed faster and easily with software. The software will find relevant documents, make copies and even send it to all the related parties.

So if you wish to devote more time on patient care and less on billing and payment challenges, then an integrated DME billing software is just what you need.

About 247 Medical Billing Services:
We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.

Contact: 
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com

To Avoid Denials and Receive Proper Reimbursement with Error-free DME Billing Services

Even the physicians will have to get a good understanding of their vital role in getting reimbursed for rendered services. In order to survive 2019 and get timely payments, DME providers will have to primarily focus on error-free coding.

To get timely payments, DME billers will have to handle DME documentation effectively. They will have to have the expertise to handle reimbursement administrative activities starting from the identification of instances eligible for payment to claims preparation and submission.

DME coding intricacies are deep rooted in HCPCS (Healthcare Common Procedure Coding System) Level II codes and policies by Medicare. Providers will have to hire DME coders who are experts at assigning the right HCPCS Level II codes for timely and error-free billing. They will have to have a good understanding of Medicare policies related to DME.

Focus on providing the right documentation

Each time coders will be using a HCPCS Level II code that ends in 99 (for instance E1399), they will have to provide supporting documentation with it. This is important because if Medicare receives a miscellaneous code, the claim gets suspended and concerning medical records are requested. These records are then checked for possible issues. The miscellaneous code is also reviewed to see if there is any other code that is more apt for the billing process.

So, DME billing demands top-notch coding because only experienced coders are aware of the appointed codes for most DME items.

Medical necessity

There will be a strong need to establish medical necessity of a DME device within the treatment episode. For instance, if a physician is ordering a wheelchair for a patient, it will be necessary to support it as a medical necessity. There are certain policies known as LCDs (Local Coverage Determinations) that are used for addressing necessary equipment usage. Knowledge of these policies will be needed so that the billers can avoid denials and receive proper reimbursement.

Top-notch billing

Streamlined billing service will remain a necessity in 2019 as well because obtaining reimbursement for DME is quite complicated. There are various reasons for this. For instance, from the DME reimbursement standpoint, if the reimbursement doesn’t form a complete treatment episode and just a part of it, the necessity of the treatment episode will depend on the recommendation of the physician. Due to this dependency, reimbursement for DME incidents gets complicated, requiring additional paperwork.

About 247 Medical Billing Services:

We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow doctors to attract additional revenue and reduce administrative burden or losses.

Contact: 
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com

Why DME Billers Choose 247MBS for Billing?

One of our clients based out of California is a reputed DME billing impacted their profit margins to a great extent.

They were searching long and hard for a dependable DME billing partner as they were looking for ways to aggressively expand their RCM business. They wanted to outsource a portion of their revenue cycle management because their in-house team and manual processes wouldn’t have been able to scale. This would have the challenge.

There were quite a few challenges our team had to face during the project. Our client wanted the work to start immediately so that the backlog can be cleared. Also, they wanted to ramp up the new business in a short time frame so that there was less impact on the existing business and efficiency.

Solution

As their preferred partner, we started work by assigning DME billing experts to work with their existing team. This was needed for modifying processes and ensuring that the workflow met the business needs.

Our team streamlined processes and improved efficiency to deliver the solution to the client ahead of schedule. This helped in reducing turnaround times and the client was also able to maintain a 48 hour turnaround time in sales order and cash posting.

With the help of our billing experts, the client has also maintained their A/R days consistently due to which their cash flow has increased to a great extent.

Choosing 247MBS for DME Billing

At 247MBS, we understand that DME billing can be a tedious and time consuming process. It requires in-depth understanding of reimbursement guidelines that are set by Medicaid, Medicare and other commercial plans. It also requires adherence to quality and reimbursement regulations.

247MBS has been into the DME billing and coding domain for several years. Our company takes pride in its team of highly experienced DME billing experts who understand DME billing needs and cater to all the DME billing requirements of our clients.

With 247MBS by their side, our clients have been able to leave all their DME billing worries aside and deliver quality care. The main goal of our company is to maximize cash flow and ensure that each claim is being paid properly. We want our clients to get paid faster for every rendered service. Our years of experience in DME billing have been benefitting our clients across the US.

About 247 DME Billing Services:

We are a DME billing company that offers ‘24/7 DME Billing Services’ and support physicians, hospitals, DME institutions and group practices with our end to end DME billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.

Contact: 

247 DME Billing Services

Tel: +1 888-502-0537

Email: info@247DMEbillingservices.com

For Effective Medicare Claims CMS Released the DMEPOS fee schedule for 2019

In order to receive timely payments, it has become imperative for DME suppliers to demonstrate medical necessity of the durable medical equipment. Without securing and retaining the right documentation of medical necessity, obtaining Medicare payments can become a nightmare for those involved in furnishing DME and submitting claims.

All this has pushed the need to have expert billers and coders who are aware of the Medicare regulations and ICD-10 coding changes.

DME Code Changes

Here are some of the April changes to the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) items and services.

Centers for Medicare and Medicaid Services (CMS) has not only added a diabetes code but also changed oxygen coding for the DME fee schedule by altering the HCPSC Level II modifiers.

Diabetic DME codes- there have been some changes that will affect coding of HCPCS Level II code K0903. According to the CMS, the fees for K0903 are set on the basis of fees for code A5513.

CMS released the DMEPOS fee schedule for 2019 that will be effective for Medicare claims that have a service date on or after 1st of January. Also, according to the AOPA (American Orthotic and Prosthetic Association), in 2019, the Medicare Fee Schedule for O&P services will also increase by 2.3% compared to the rates in 2018.

Surge in demand for trained coders

Coders need to pay close attention to the details of doctor’s procedures and diagnoses. They will have to use very specific ICD-10 and CPT codes to get reimbursed. For instance, if they are using billing diagnosis code F11.20 on a claim with procedure code 80307, it will reimburse them about $30 less than specifying the exact opioid being used by the patient.

To get paid on time, many suppliers have started outsourcing their billing needs to a third party. Outsourcing is giving them the opportunity to get reimbursed on time, without having to go through the hassles of keeping up with coding and regulatory changes.

About 247 Medical Billing Services:

We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.

Contact: 

247 Medical Billing Services

Tel: +1 888-502-0537

Email: info@247medicalbillingservices.com

Benefits of Outsourcing DME Billing Services

Without proper equipments the total scenario will get collapsed. To monitor the hours of working of the equipments there must be a proper Durable Medical Equipment billing services which will enable the medical industry to get increased in revenue. Since we are best in the industry we can provide better services with affordable cost.

The medical care industry can have an increased income when they are servicing with our medical billing services. These are just some of the benefits which are gained from implementing a better DME in a medical care industry. The Durable Medical Equipments play a vital resource in saving many human lives. It is s necessary to have all the medical equipments in a medical industry.

When there is perfect billing in DME then the revenue can be regularly increased without any issues.

· The proper usage will be maintained when they are monitored regularly

· High chances of increasing the revenue

· Proper ICD-10 for no errors in billing

· Reimbursements becomes more effective

· No huge chances for denials and rejections on proper billing

Since we have more experience in this DME we are ready to provide better services than any other billing services in such a short time Services:

Best services

We have implemented ICD-10 coding which are prominently being used in all medical industry. The ICD-10 codes are designed in better ways to get right and accurate billing. Since it has been introduced recently, the coding are new and they have more numbers of coding than past version. Some of the perfect modifiers are being used in our services which easily categories your type of DME being used in medical industry. Some of the modifiers which we are using are given below

· RR modifier

· NU modifier

· UE modifier

RR-Rental

The rental modifier specifies that the machine is rental one and does not have the ownership of medical industry. Since it is rental, staffs will have more concern towards handling it. The bills of rental are far different from other machines.

NU-Purchase of new equipment

This denotes the medical industry has purchased a new machine which will be quite useful for many operations inside the medical industry. The new purchased equipment will differ in billing.

UE- Purchase of used equipment

When there is just moderate amount, medical industries can go for used equipment since they are little bit old or used one they will have a different modifier in terms of billing.

Likewise the modifiers are designed to make the billing more easy and flexible. Rather than this the ICD-10 codes which we use are best in the industry and even for right and left side we have clear cut coding to get reimbursements without any errors.

Hands of experts

· We tend to stand first in services

· Our services are run by many of the experienced people

· We are ready to work for the uplift of your medical industry economy

· We are sure to improve your revenue by higher amounts

With our professional services your medical industry can gain by 20% or more than that based on your cooperation in upcoming years. Just get connected with us to know more about our services.

To Know More About@ http://bit.ly/2Xe8Axn

About 247 Medical Billing Services:

We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow physicians to attract additional revenue and reduce administrative burden or losses.

Contact:
 247 Medical Billing Services
 Tel: +1 888–502–0537
 Email: info@247medicalbillingservices.com

DME Market is Expected to Reach $60.2 Billion in The US by 2020

Even though denials can be appealed, the process will extend the time to get paid and also requires time and money to accomplish. The DME market in the US is growing and it is expected to reach $60.2 billion by 2020. Even though the competitive bidding under Medicare and other regulations are making DME sales challenging, the demand for DME continues to grow every year.

DME providers need to understand the industry really well, particularly around billing and reimbursements. For instance, if they have submitted the claim and it gets denied, they will lose out on that revenue because the product has already been given to the customer.

Considering the complexities, many DME providers choose to partner with a billing company in order to get paid on time. If you also wish to outsource this task to a third party, then here are seven tips on how to partner with the right company:

1.      Make sure that the shortlisted billing company has a strong reputation in the market. Markets flooded with companies run by deceptive people, so you need to invest time into evaluating the billing partner by looking for reviews.

2.      Experience matters, so choose a billing company that has been into this industry for long. Years into business are an indication that they have been keeping their clients satisfied.

3.      Make sure the company has a team of certified billers and coders who have excellent knowledge of ICD-10 and who stay updated with the latest industry changes.

4.      Not to forget, the company needs to have extensive experience in DME billing. This is important because billing for DME is quite different from other specialties.

5.       It is important to ensure that the billing company you are hiring is responsive. Look for speed and availability and make sure that they respond to concerns quickly.   

6.      Check with them if they offer flexible payment options. Also, the vendor should apprise you with timely reminders.

7.      Last but not the least; the billing company needs to be HIPAA compliant. This will give you peace of mind and you will be assured that the company won’t put your business or its reputation in jeopardy.

Besides these factors, you need to make sure that the billing company has a strong reputation of meeting deadlines. The team should be using the latest technology and also be offering effective denial management services. 

To Know More About@ http://bit.ly/2Xe8Axn

About 247 Medical Billing Services:

We are a medical billing company that offers ‘24/7 Medical Billing Services’ and support physicians, hospitals, medical institutions and group practices with our end to end medical billing solutions. We help you earn more revenue with our quick and affordable services. Our customized Revenue Cycle Management (RCM) solutions allow doctors to attract additional revenue and reduce administrative burden or losses.

Contact: 
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com