As a result of the ever-changing regulatory compliance landscape, the durable medical equipment billing industry is undergoing constant revisions. For DME companies, outsourcing durable medical equipment billing services is the only way to stay current with the ever-changing DME billing landscape. Medical equipment providers face many challenges, including declining collections, billing errors, training new employees to perform billing functions, and suspended operations during periods of staff shortages.
A failure to address all existing problems can result in slow productivity and revenue growth. Keeping your focus on your core competencies is the most effective way to address these challenges by outsourcing DME billing services to us. To ensure that your reimbursements are higher and your cash flow is improved, we are available round the clock.
A successful billing process is crucial to ensuring timely payment of claims, which is a complex and ever-changing industry. You can gain a deeper understanding of the complex world of DME billing by considering the following items.
From the time of intake to the time of claim submission, you will need to develop and maintain an efficient billing process. A proper billing process will have a positive ripple effect throughout the organization and enable providers to obtain the maximum reimbursement possible.
The medical policies of DME payors often differ between product lines. Prior to submitting a claim, ensure that you maintain a system that keeps you informed of all changes. Keep up with all Medicare and Medicaid DME guidelines by regularly checking the CMS's website.
Ensure that all submitted claims contain all the necessary documentation and that they are accurate by working with a DME billing specialist. We are doing this in order to reduce the number of claims that are rejected. As part of their duties, they ensure compliance with payor guidelines, check and correct HCPCS codes, submit claims and follow up on them, among other things.
You can obtain DME billing assistance from DME billing services. Their services include processing claims, checking claim status, staying up-to-date on payor guidelines, as well as many other tasks. By outsourcing billing services, you can free up more time for marketing or recruiting new clients. A few things to keep in mind before selecting the right DME billing company is to make sure you gather all the necessary information so that you can make an informed choice.
An experienced DME billing company can help you keep up to date on policy changes and alleviate the burden of time-consuming medical billing tasks. The use of a trusted and reputable DME billing service, such as Medbill, can result in faster payments and fewer claims being rejected.
The billing process we follow is a straightforward and easy-to-verify one, as a responsible DME company. Our billing process for DME for our clients is as follows:
Our practice of coding invoices and transactions ensures that they are efficiently documented so that they can easily be retrieved and managed. Reports and timely statements are compiled based on our observations and analytics data
You will receive a confirmation of insurance payments that have been captured and posted to your account for reconciliation. A denial management service is available if there is a discrepancy in the payment
Following the filing of a claim, we contact the insurer to inquire about the status of the claim submission. The processing of your request will be sped up with frequent follow-up
When clients outsource DME billing services to us, we collect invoices and other relevant transaction records for analytical purposes
Having verified the accuracy and completeness of your records, we send them to your insurance provider in a digital format.
Ensure that your client is entitled to claim benefits and insurance coverage by engaging providers and insurers
Value of claims processed
Accounts Receivable Days
Turn Around Time (TAT)
Customer Retention
Number of Claims Processed
First Pass Clean Claims Rate
Revenue Improvement
Reduction in A/R