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DME Billing Solving The Improper Payment Rate Puzzle.pptx
- 2. According to recent CERT data, the DME billing space has a 39.9% improper payment rate, draining $3.2 billion from the Medicare Trust Fund each year. This error rate is three times higher than the current national Medicare wrong payment rate of 12.1%. What is the simplest way to avoid this industry’s baggage and ensure you receive maximum reimbursements every time? Providing clean paperwork and documentation is critical to avoid mistakes and reduce improper payment. To ensure error-free submissions, the medical billing team must avoid common causes of improper payments, such as inadequate documentation, insufficient documentation (required to make informed decisions), or incorrect coding. Examine the following practical methods for lowering improper payment rates in DME billing. HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/ INFO@247MEDICALBILLINGSERVICES.COM
- 3. Ensure Complete Documentation Avoid Documentation Errors Ascertaining Medical Necessity Analyze and Improvise Know more: DME Billing Services HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/ INFO@247MEDICALBILLINGSERVICES.COM
- 4. Attempting to take a few simple steps to streamline your DME billing process can significantly improve collections and revenue. On the other hand, creating a game plan and putting it into action are two entirely different things. Remember to gather as a team, discuss how it will be carried out, and then revisit and review your progress regularly to determine what needs to be fixed. This has the potential to be a game- changer! Outsourcing a portion of DME medical billing, such as insurance verification and charge entry, makes sense for some hospital providers. 24/7 Medical Billing Services works with DME and HME practices to identify and implement streamlined and optimized dme medical billing Services. HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/ INFO@247MEDICALBILLINGSERVICES.COM
- 5. HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/ 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. INFO@247MEDICALBILLINGSERVICES.COM
- 6. HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/ Media Contact: 24/7 Medical Billing Services Georgia 3001 Greenfield Drive, Marietta GA 30068 Ohio 28405 Osborn Road, Cleveland, OH 44140 Texas 2028 E Ben White Blvd, #240-1030 Austin TX, 78741 Delaware 16192 Coastal Highway, Lewes, Delaware 19958, United States Phone no / Fax : +1 888-502-0537 Email us: info@247medicalbillingservices.com INFO@247MEDICALBILLINGSERVICES.COM