Demand for DME Slated to increase in the California

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.  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. 

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.

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.

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.

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

DME market in the US is growing and 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.

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.

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

DME Providers, 7 tips to outsource billing task to the right company

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.

If you also wish to outsource billing task to a third party, then here are seven tips on how to partner with the right company:

1.      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.

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

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

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

6.       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.   

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/2qOsPTM

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

Benefits of investing in DME Billing Software

It is very important to have a clear and strong collections process. This will help in ensuring that patients are properly and thoroughly informed of their financial responsibilities. From verifying patient information regularly and having clear payments terms to verifying eligibility and collecting due balances, there are several aspects of a good collections process. Healthcare provider are investing in a DME billing software to reduce paperwork, cut down expenses and get payments on time. 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.

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

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.

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.

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.

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.

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.

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

24/7 MBS helps To understand and necessity of DME Documentation

Practice is purchasing DME in hopes to receive a profit in return. Since durable medical equipment isn’t professional services, this poses challenges in obtaining payments.

To ensure that DME claims from your offices are being submitted on time and with accuracy, it is necessary that you hire billers and coders who are abreast with the CMS rules and regulations. If they are using wrongly coded modifiers, they will have to face a hit on profits.

Medicare and several other commercial carriers continue to scrutinize Durable Medical Equipment billing. This has pushed the need to understand and follow DME documentation requirements. If your billers fail to do so, it will not only put your office at risk of an audit but also result in refunding an insurance carrier or CMS which means unnecessary loss of revenue.

Some common errors that result in DME claim denials are:

•      Lack of patient data verification is a common reason. If there are small errors in names or the way forms have been filled, then claims get denied either by the CMS or the insurance provider.

•      Another common reason is errors in coding. If your billing staff is submitting medial documentation indicating different codes other than the one billed, the claim will get denied.  

•      It is important that the documentation shows that services billed were medically necessary as per the policies of Medicare coverage and payment.

•      As mentioned-above, lack of sufficient documentation is a huge reason behind DME claim denials. If there is no proper documentation, it becomes difficult for coders and billers to put in the right information. All this will lead to a negative impact on cash flow and also result in wastage of time and effort.

Correct documentation is extremely important for DME. Attention needs to be paid when documenting and data should be rechecked before it is streamlined to coders and billers. Documentation needs to prove that the billed services were actually provided. In case of an audit, if it is found that you don’t have proper documentation, your practice will have to give that money back and also face penalties.

Considering the challenges in DME billing and the complexities involved, many providers choose to hire a third party for billing. Outsourcing their billing needs gives them access to a team of skilled coders and billers who work dedicatedly to bring timely payments for their clients.

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

Durable Medical Equipment Billing Services enable the Medical Industry to get increased in revenue with 24/7 MBS

DME billing is a complicated process that can become a huge challenge if you don’t have experienced billers and coders. From patient validation and obtaining prior authorizations to using correct forms for claims submission and compliance to HIPAA, there are several complexities involved in obtaining payments.

The Durable Medical Equipment play a vital resource in saving many human lives. It is s necessary to have all the medical equipment in a medical industry. 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.

Benefits of billing in Durable Medical Equipments

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

These are just some of the benefits which are gained from implementing a better DME in a medical care industry. The medical care industry can have an increased income when they are servicing with our medical billing services.

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:

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.

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