3 Most Unique Challenges in DME Billing.pptxMithaliParekh
The need for durable medical equipment is seeing an increase owing to the changing environmental factors, lifestyle habits, need for convenient and less dependable modes of support systems. While the demand for DME rises, so do the complexities in DME billing. The reimbursements have already been taking a hit, and the complex billing process seems not promising either.
3 Most Unique Challenges in DME Billing.pdfMithaliParekh
The need for durable medical equipment is seeing an increase owing to the changing environmental factors, lifestyle habits, need for convenient and less dependable modes of support systems. While the demand for DME rises, so do the complexities in DME billing. The reimbursements have already been taking a hit, and the complex billing process seems not promising either.
Measuring Performance And Revenue Growth For DME.pptxCharlieRobinson32
Durable medical equipment suppliers (DMEs) face various obstacles in today’s fast-paced healthcare environment. From maintaining compliance with ever-changing rules to managing the complex billing process, suppliers find it increasingly challenging to maintain efficiency and profitability.
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:
24/7 Medical Billing Services
28405 Osborn Road,
Cleveland, OH, 44140, USA
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
A Detailed Guide on Medical Billing Outsourcing.pptxGraciaBrown1
24/7 Medical Billing Services has to spend 14+ years tailoring the medical billing and coding services with a pool of talented and experienced teams. We ensure that our experts can assist in outsourcing medical billing and maximize the potential of the management while retaining more revenue.
3 Most Unique Challenges in DME Billing.pptxMithaliParekh
The need for durable medical equipment is seeing an increase owing to the changing environmental factors, lifestyle habits, need for convenient and less dependable modes of support systems. While the demand for DME rises, so do the complexities in DME billing. The reimbursements have already been taking a hit, and the complex billing process seems not promising either.
3 Most Unique Challenges in DME Billing.pdfMithaliParekh
The need for durable medical equipment is seeing an increase owing to the changing environmental factors, lifestyle habits, need for convenient and less dependable modes of support systems. While the demand for DME rises, so do the complexities in DME billing. The reimbursements have already been taking a hit, and the complex billing process seems not promising either.
Measuring Performance And Revenue Growth For DME.pptxCharlieRobinson32
Durable medical equipment suppliers (DMEs) face various obstacles in today’s fast-paced healthcare environment. From maintaining compliance with ever-changing rules to managing the complex billing process, suppliers find it increasingly challenging to maintain efficiency and profitability.
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:
24/7 Medical Billing Services
28405 Osborn Road,
Cleveland, OH, 44140, USA
Tel: +1 888-502-0537
Email: info@247medicalbillingservices.com
A Detailed Guide on Medical Billing Outsourcing.pptxGraciaBrown1
24/7 Medical Billing Services has to spend 14+ years tailoring the medical billing and coding services with a pool of talented and experienced teams. We ensure that our experts can assist in outsourcing medical billing and maximize the potential of the management while retaining more revenue.
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1. 7 Most Common DME Billing Challenges
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2. 7 Most Common DME Billing Challenges
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With the aging population and sleeping disorders such as sleep apnoea
rising, the Durable Medical Equipment (DME) industry is experiencing a
demand for equipment like never before. Now-a-days, pollution is also
impacting many lives making them suffer from respiratory illnesses,
demanding the equipment to support their breathing. In addition, lifestyle
changes lead to more gastrointestinal dysfunction, hence the need for
feeding tube equipment.
All these will eventually lead to more people looking for healthcare
equipment at home to improve their quality of life. Not only the growth in
the market for DMEs will rise further, but it is also making the DME billing
process more complex than ever. The reimbursement is becoming a
challenge, taking a heavy toll on the service providers.
While many DME services are already facing billing challenges, some
anticipate it. But to mitigate the problem, one needs to be aware of the
common DME billing challenges. Here are the seven most common
challenges.
Read more…
3. 7 Most Common DME Billing Challenges
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1. Coding Errors
There is a lack in the coding process in the Healthcare Common
Procedure Coding System because it is not streamlined. This often
results in healthcare providers failing to get reimbursement for the
services rendered. Usually, the error involves using the correct
modifiers, checking the payer and coding reports, and unclear narration
causes repayment challenges in the DME billing and coding.
The top five DME coding errors are:
Incorrect usage of the HCPCS codes
In the trauma and fracture diagnosis, the failure to use the seventh
character accurately
Misidentification of respiratory failure
Failure to note the proper components, devices, grafting materials, etc.
4. 7 Most Common DME Billing Challenges
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2. Faulty Document Management
Every DME business is required to manage and compile innumerable
documents every day. It hence needs an efficient document
management system in place, storing it and retrieval process for critical
business information.
Unfortunately, the lack of proper software for digital document
management often results in claim dismissals due to poor or incorrect
documentation, business data loss, and, eventually, loss of revenue3.
3.Regulatory Challenges
Like any other medical billing service, DME billings undergo frequent
regulation changes. As a result, DME services often fail to stay on top of
these latest changes and adhere to the new regulations and rules. This
eventually affects the DME billing and reimbursement for the services. It
is important to note that DMEs have a more complex and rigorous
regulatory system in place, which often leads the service providers to be
in a difficult situation with Medicaid and Medicare Services.
5. 7 Most Common DME Billing Challenges
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4. Denials due to AR Management
One of the billing challenges that often cause the DME services to fail is
the sloppy AR management.
5. Failure to Adhere to Payer Guidelines
One of the significant challenges in billing that the DMEs faces are cross
payers denying the claims
6. Trailing Billings
Many times, DME providers face the billing on time challenge, thus
restricting the cash flows. As a result, many try to use shortcuts to catch
up with the shortfalls. But in the long run, it leads to more complexities
instead of increasing the revenue. With denials piling up and the
management failing to follow up, the burden of the collection rate
increases aggressively.
7. Untrained Staff
Most DMEs are overburdened with work, and the failure to train and
educate the staff on the new guidelines and the DME compliance
policies that are in effect results in incorrect billing and coding.
6. 7 Most Common DME Billing Challenges
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How to Overcome the DME Billing Challenges?
One of the best ways to overcome the DME billing challenges is
outsourcing the DME billing services and RCM system. But it
would be a grave mistake to outsource it to anyone24/7 Medical
Billing Services is one such third-party DME billing company that
offers the best DME billing services with a team of experts
efficient in management. A partner like us provides an integrated
technology platform that helps you drive the business better with
improved ROI.
The services offered by 24/7 Medical Billing Services in DME
billing elevate the patient’s experience and optimize the cost of
the facility with the proactive risk mitigation plans in place. Our
DME billing experts are always on top of their game with the
latest knowledge of the CMS rules and regulation changes and
policies and practices that any DME services need to comply with
to stay in business.
7. 7 Most Common DME Billing Challenges
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
About Us:
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.
8. 7 Most Common DME Billing Challenges
HTTPS://WWW.247MEDICALBILLINGSERVICES.COM/
Media Contact:
24/7 Medical Billing Services
Georgia
3001 Greenfield Drive, Marietta GA
Ohio
28405 Osborn Road, Cleveland, OH 4414030068
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