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.

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Measuring Performance And Revenue Growth For
DME
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2. 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.
Let’s have a look at different challenges faced by DME suppliers with the solution to measure the
performance and revenue growth:
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performance-revenue-growth-dme/
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Measuring Performance And Revenue Growth For
DME

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Obstacles for Smooth DME Billing
Labor shortage
In recent years, the rising demand for labor has resulted in considerable obstacles. With
businesses of all sizes competing to acquire new employees, employee retention is more
important than ever! When it comes to hiring and training employees, durable medical
equipment companies are no strangers; they understand how tricky this business can be with
its constantly changing criteria. Many DME suppliers simply do not have enough staff to
ensure everything is completed on time and without delays or disturbances, particularly in
billing and revenue cycle management.
Measuring Performance And Revenue Growth For
DME

4. Inefficient Systems and Processes
Using inefficient procedures, such as manual tasks, paper, and different systems, not only
complicates operations but also results in laborious and error-prone billing and revenue cycle
management processes. In many circumstances, inefficiencies force DME providers to increase
staffing to match workload needs, which raises overhead and affects profitability. As a result, they
must devote more time and effort to back-office tasks rather than client service and strategic
development.
Inadequate Knowledge
Commercial and government payers make it challenging to bill DME-related claims. Due to varied
payer requirements like documentation, compliance, and EDI submission procedures, billing DME
claims can be complicated. How can healthcare providers keep their knowledge base up to date on
everything from prior authorizations to HCPCS and modifier combinations to state Medicaid
waivers? It’s hardly surprising that many claims contain errors.
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Measuring Performance And Revenue Growth For
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5. Solution for Maximizing Reimbursement
All these challenges attached to DME billing restrict the growth and revenue of the
DME suppliers that demand immediate solutions. One such solution can be the
outsourcing of DME billing and coding to measure not only performance but also
revenue growth.
Do you intend to outsource your DME billing functions? This service is increasingly
seen as a means for HME and DME suppliers to boost their business’s revenue and
bottom line. In fact, almost 25% of providers have begun to outsource or add specific
expertise to their billing teams.
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Measuring Performance And Revenue Growth For
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6. Tips for Smart Outsourcing
Define your challenges
What are the most pressing issues for your DME billing team?
Maybe you have a problem with high DSO or A/R or require more assistance with one-time tasks. The
sooner you can identify these problems, the better it will be. Outsourcing partners typically offer a
wide range of DME billing services. You and your team can work on your needs together if you
understand them.
Do your research
You are well aware of your billing difficulties. It’s now time to examine your options.
Not all DME billing services are the same. Some outsourcing companies, for example, provide their
services directly to India. Others provide US-based teams devoted to the success of their clients. It is also
essential to analyze prices carefully: lower pricing models may not always provide high-quality services.
Measuring Performance And Revenue Growth For
DME

7. Discover your data
Your DME billing data can tell a captivating story.
Your outsourced partner may provide a data analysis. This “health check” provides insight into
where you are and where your company may develop. A competent outsourcing partner, in
particular, will compare your data to key industry benchmarks and provide insight into measuring
the proper KPIs.
Perform the necessary tasks
Signing your outsourcing agreement is only the first step!
It’s now time to collaborate daily, weekly, and monthly with your outsourcing partner. As we
frequently remark, “Outsourcing is not a magic bullet.” Whether you outsource completely or
collaborate with an in-house billing staff, this idea holds true. Making oneself available facilitates
the outsourcing partnership!
Measuring Performance And Revenue Growth For
DME

8. Outsourcing to 24/7 Medical Billing Services!
Outsourcing DME billing is an effective solution for suppliers attempting to meet the difficulties of an
increasingly complicated industry context. Suppliers may improve customer interaction, maximize
revenue generation, and focus on providing great patient care by partnering with DME billing
professionals. When you outsource your DME billing to 24/7 Medical Billing Services, you create a
relationship that works together to solve revenue cycle difficulties.
Improved Customer Engagement: By outsourcing medical billing, suppliers may devote
more resources to customer interaction, resulting in better patient experiences and the development of
long-term relationships.
Measuring Performance And Revenue Growth For
DME

9. Enhanced Revenue Generation: DME billing outsourcing can assist suppliers in minimizing billing errors,
reducing claim denials, and optimizing revenue generation through precise coding and timely submissions.
Accept the benefits of medical billing outsourcing and put your business on the route to success.
See also: DME Claims Vs. Medical Claims: Key Differences And Processing Tips
Measuring Performance And Revenue Growth For
DME

10. 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
Tel: +1 888–502–0537
Email: info@247medicalbillingservices.com
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About 24/7 Medical Billing Services