Just
like any other business, DME
providers also need to ensure efficiency and sustainability when
scaling up their operations. From established workflows and adherence to documented
procedures to the right use of technology and measurement tools, they
are always in need of adaptable processes to ensure consistent growth.
Challenge
Jeff
Bailey, a DME provider from Texas was struggling with non-payment of invoices.
Un-billed services and inaccuracies or missing information in claim forms were
resulting in revenue loss, causing a drain on his revenue
generation. He was looking for an expert billing team to help him overcome breakdowns
in the billing process that is a long standing issue in the HME/DME community.
He also needed help with AR
practices and was in serious need to optimize his reimbursement practices.
Solution
In
order to obtain end-to-end medical
billing solutions, Bailey chose to outsource billing needs to the
expert team at 24/7MBS.
The billing team instantly got in touch with the provider and started working
on streamlining processes and improving efficiencies. The team not only ensured
timely, error-free claims submission but also worked on missing or incorrect
charges before claims are processes. With the billing assistance provided by 24/7MBS,
Bailey and his team has been able to eliminate underpayments and denials. He
has been able to accelerate cash flow and streamline the work flow of
collections, billing and appeals procedure.
Result
With three months of
continued partnership which is still growing, 24/7MBS has helped the DME
provider focus on the growth of his business.
•
Significant
increase in revenue by improving collections.
•
Maintained
A/R days, resulting in improved cash flow.
•
Access
to real-time reports.
•
Improved
practices for coping with growth.
•
Enhancement
in efficiencies of internal teams.
•
Better
turnaround time for sales order, cash postings.
About
24/7 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
Contact:
247 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
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