Do you want to Grow DME Business with best of Technology?

Benefit of hiring a third party for DME billing is the access to best of technology used for reducing TAT along with the best account management methods. An experienced team will be aware of the aging accounts and priorities them to get payments.

To ensure success in the durable medical equipment business, it is important to ensure that your billing needs are being handled by experts.

Since the billing and coding rules for DME keep changing, it is very important to have coders and billers who are abreast with the industry changes. From submitting claims on time to adhering to the claims adjudication process, there is a lot that needs to be done in order to keep your business growing.

If handling DME billing and coding is become a stressful task in-house, it is recommended to choose a reliable billing service provider who can help you get paid on time. The billing company will offer your assistance in managing your revenue cycle with the best end-to-end solutions.

Since collections can be a daunting task for DME suppliers, having an expert team really helps. The billing company will work on pending accounts that need a strong strategy for payment collection. Because the team at reliable billing companies have an extensive understanding of the payer processes, it helps to get the job done in time.

Partnering with a good DME billing service provider will give you access to expert staff who are experienced in this industry. Since a dedicated team will be handling the revenue cycle, you will be able to enjoy a big leg up on competition, without having to worry about payment denials or delays.

Besides improving billing efficiency, the team will also provide you detailed reporting related to your revenue cycle, keeping you informed about the financial strength of your business.

Only with the help of experienced and well-trained coders and billers, you can get rid of aging

Not just DME providers but many insurance companies also use RCM companies for their adjudication and credentialing needs. It helps them reduce costs and ensure business profitability.

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

By hiring 24/7 MBS, DME billing setbacks can be dealt with ease and billing costs can be reduced by 80%.

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 2020-2023. 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 involved in the creation of this process affect revenue generation and billing in a negative manner.

Considering the challenges 2020 is posing for DME Billing Services, seeking support from a professional billing company is the only hope. From navigating through difficulties in insurance approvals and permissible level of reimbursement to HCPCS, a reliable billing company will have the expertise and experience to help practices fight common DME billing challenges.

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.

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 overcome challenges in DME billing outsource Billing With 24/7 MBS

DME providers have a team of expert billers who have a detailed understanding of reimbursement guidelines specified by Medicare, Medicaid and commercial plans. It is very important for DME providers to streamlined coding health Medical billing can be quite labor-intensive and time consuming.

Here are some of the challenges that DME providers face:

•  DME is considered therapeutic services.

•  Some DME services are unauthorized by Medicaid, Medicare and private health insurance plans

•  There is lack of a strong founding in the HCPCS (Healthcare Common Procedure Coding System), which represents Level II codes that are assigned for DME supplies and gears

Another very common challenge with DME services is related to medical necessity. Doctors can prescribe DMEs as a part of their clinical treatment process; however, they need to back it with a proposal along with sufficient verification to prove their medical necessity.

If there is lack of a strong grounding in the HCPCS, overseeing level II codes for DME equipment and supplies, then it will lead to the doctors’ less than impressive acknowledgement of DME bills.

In order to overcome challenges in DME billing, many providers choose to outsource this service.

Letting a reliable billing company handle DME coding has its own benefits. Here are a few:

•  Outsourcing gives the provider access to a team of highly trained and experienced billers and coders. This team is well-versed in the latest regulations and requirements due to which DME revenue gets a boost.

•  Since a dedicated team handles revenue-related tasks, labor costs get reduced to a great extent. There is no need to hire in-house billers and coders and pay them salaries or employee benefits. Even the cost incurred on infrastructure and technology gets eliminated.

•  Outsourcing gives peace of mind and enough free time to focus on other vital tasks. Providers don’t have to worry about HIPAA compliance because a reliable company will ensure compliance in their services. They will keep data confidential and not let any security breach happen.

•  Providers don’t have to worry about transparency in the billing procedure because a good billing company will provide timely reports. The team will be able to explain statements in a better manner along with handling complaints and addressing issues. This will help in improving patient satisfaction to a great extent for the provider.

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:
24/7 Medical Billing Services
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com