The advanced medical technology, the increasing rate of chronic diseases is a key factor for the expansion of the Durable Medical Equipment (DME) Billing market across the globe. Aged individuals are more prone and susceptible to health disorders and problems such as heart diseases, diabetes, kidney failure, arthritis, and many others. This has resulted in the creation of a separate market for various DME products and equipment such as crutches, walkers, wheelchairs, traction and trapeze equipment, hospital beds, oxygen and respiratory equipment, patient lifts, infusion equipment and supplies and several others. The increasing growth rate of the aged population is one of the major reason for the surge in DME billing.
Durable Medical
Equipment (DME) billing is quite
different and unique from medical billing and other coding procedures. DME
billing is a highly complicated and intricate process. It requires extensive,
in-depth, and robust knowledge about the DME process, industry mandates, and
all the HCPCS level II codes. All Durable Medical Equipment and products are
categorized under the HCPCS level II codes. Since expensive medical equipment
needs to be purchased, DME billing and coding specialists need to be aware of
how to code claims accurately and the timing of claims submission to get the
proper reimbursements.
DME billing and coding process
- Medical
practitioner prescribes the necessary medical equipment for the patient.
- Documentation of
the patient information and key details.
- Preparation of documents
for claims submission citing the reasons why the medical equipment is
prescribed to the patient.
- Stringent
eligibility check and pre authorization to find out whether the patient is
applicable.
- Required
permission from the insurer is initiated.
- Initiation of the
coding process. This involves identifying the correct HCPCS Level II codes
from the HCPCS manual.
- Stringent checks
are performed to ensure that every accessory and part of the equipment is
correctly coded.
- Once the coding
stage is completed, the DME billing company files the claim along with the
necessary paperwork to ensure that the insurance company pays the right
amount to the healthcare service provider.
- Frequent follow-up on the claims by the DME billing company.
Challenges and problems in DME billing and coding
DME billing and coding can become highly
challenging and demanding if you don't have skilled and experienced billers and
coders. There are several complexities and challenges associated with DME
billing. Some of these include gathering and compilation of proper patient
data, patient validation, obtaining authorizations, use of the correct forms
for claim submission, and HIPPA compliance.
1) Use of redundant and obsolete software
Lack of proper knowledge about the latest DME billing
software and use of old backdated software results in unsuccessful billing.
2) Lack of proper documentation
The DME billing process is quite tedious and
exhaustive. This is why many billers miss on minute details in the
documentation resulting in claim denials.
3) Incompetent resources
Most healthcare providers hire limited DME billers
and coders since it is extremely extensive to have a huge team onboard. Working
with limited team strength will increase the burden and workload on them. Too
much pressure and limited time affects their productivity and efficiency as
well, which may lead to errors in the DME billing process.
Outsourcing - An effective way to come out of all
DME billing challenges
With the increasing demand and rising salaries of
DME billers and coders, the majority of healthcare practices are opting for
outsourcing their Durable Medical Equipment billing requirements. This is
because outsourcing is not just a convenient option for them but a cost
effective one too.
24/7 Medical Billing Services - Simplifying DME
billing complexities for you
24/7 MBS is a popular name in the DME coding and
billing industry across the globe. We have onboard a highly skilled and
experienced team of coding and billing professionals who have in-depth technical
knowledge and expertise in DME documentation requirements. They always remain
updated regarding any major changes happening in the DME billing
industry.
Our team would handle everything associated with
DME billing and coding from start to end - from identifying cases that are
eligible for reimbursements, claim documentation, and timely submission.
Whether you are a well-known healthcare center or
an independent medical practitioner, our tailor-made DME billing services are
set up as per your requirements. We understand that the requirements of each
healthcare provider is different, hence we do not follow a one size fits all
approach.
Partnering with us will enable you to streamline
your billing process. You can rely on us to prepare claims with accurate codes
and submit them to the relevant insurance authorities to get timely
reimbursements.
Being one of the leading providers of DME billing
services, we have assisted several independent physicians, hospitals, and
nursing homes across the country and worldwide in increasing their revenue
generation from claims.
In order to help DME billers and coders, 24/7 MBS
has produced several helpful educational videos on effective billing and coding
tips.
The main objective behind our DME billing and
coding services is to reduce the workload and pressure on physicians and
medical practitioners. Our services empower them to focus on what they are best
at doing, i.e. taking care of their patients. In order to extend the benefits
of our services to everyone, we have recently introduced DME billing on an
hourly basis, at just 8 US dollars per hour" says Harry, CEO, 24/7 Medical
Billing Services.
DME billing services at just USD 8 per hour - A new
initiative by 24/7 MBS
In an attempt to simplify things for medical practitioners
and healthcare centers, 24/7 MBS is offering DME billing and coding services at
just $ 8 per hour.
"Any medical service provider can reduce their
AR in just $ 8 per hour. This is a one of a kind initiative launched by us and
is strictly a limited period offer. The reason behind launching this scheme is
to cater to the needs of startups and independent medical practitioners within
a limited budget. This special initiative is aimed at giving you the highest
collection rates and reducing your AR bucket by a significant margin. "
says Ken Staten, Sales Director at 24/7 MBS.
Ken elaborated further, " If you choose us as
your medical billing partner and sign up for the limited period offer, we would
be providing free credentialing -services as a part of the extended service
agreement. We specialize in medical credentialing and have already credentialed
thousands on the insurance panels. We'd love to credential you too!"
Distinctly different medical billing services from
24/7 MBS
Are you a startup healthcare center or a new
medical practitioner? Are you looking out for outsourcing your DME billing work
to a company who has expertise in Brightree, BFLOW, and Advanced MD. Our unique
and different $ 8 dollars per hour billing services can provide you with a plethora
of benefits.
1) Eliminates the chances of billing and coding
errors
Being experts in the coding industry, we perform
constant stringent quality checks which nullifies the chances of any errors in
the DME billing process. This is something which your in-house experts won't be
able to do easily.
2) Saves valuable cost and time
Outsourcing your DME billing work to us helps you
to reduce your operational costs by a significant margin. Moreover, you can
focus on your patients rather than spending unnecessary time overlooking the
billing process.
3) High collection rates
Our DME billing services help you achieve the
highest collection rates and reduce your AR bucket by a great number at just $
8 per hour.
About 24/7
Medical Billing Services
24/7 Medical Billing
Services is the nation’s leading medical
billing service provider catering services to more than 43 specialties across
the entire 50 states. You can rely on us for end-to-end revenue cycle
management. We guarantee up to 10-20% increase in the revenue with cost
reduction of your practice for up to 50%.
Call us today at 888-502-0537 to know more on how
we can help boost profitability for your practice.
Media
Contact –
Hari Sudan, Media Relations,
24/7 Medical Billing Services,
16192 Coastal Hwy,
Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email - info@247medicalbillingservices.com
Website – www.247medicalbillingservices.com
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