Month: October 2016

  • DME Billing Services
    tips-to-improve-your-dme-billing-efficiency-and-speed-ar-collections

    5 Tips to improve your DME billing efficiency & speed A/R collections

    A good DME billing workflow ensures an effective Revenue Cycle Management (RCM) process. Moreover, with the minimum of errors in your DME billing, the process for claims management and thereby the Accounts Receivable (A/R)collections also improves impacting the RCM process providing for healthy cash inflows. So what are the necessary ways to ensure that your DME billing process will help speed the A/R collections? Here are some 5 simple yet effective ways to make effective DME billing efficiency and thereby speed up the A/R collections at your practice Verification & eligibility of insurance coverage: This is most necessary to ensure that when the DME services are billed, patient’s insurance coverage has been verified and the services/ equipment/s are covered by the insurance or by Medicare. If not, this could lead to delays in payment and resubmissions which could prove costly in the long run Trained in-house staff / Outsourced expertise: No matter what you go for in-house DME billing or outsource, workers employed in handling the claims submission need to be knowledgeable about the different rules and requirements for claims submissions. The healthcare regulation changes can impact the RCM process and DME services can see reimbursement rates drop by 50…

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  • DME Billing Services
    Maximize-clinical-outcomes-Increase-profitability-of-your-dme-practice

    Maximize clinical outcomes & Increase profitability of your DME practice

    Maximize clinical outcomes & Increase the profitability of your DME practice During tough times tough decisions need to be implemented. Many healthcare practitioners and providers have been facing reduced reimbursements mainly affected due to the emerging and changing healthcare rules and regulations. Three main problems faced by healthcare providers are: Reduced reimbursement from all payers Noticeable decrease in patient footfalls due to increasing market competition and the tough economy Increase in Administrative and practice operating costs Commonly, physicians are known to provide certain ambulatory items to patients only in the office such as crutches, canes, walkers and folding manual wheelchairs and only if the arrangement meets the requirements of an applicable exception to the Stark self-referral prohibition. Other DME items are prohibited unless the physician is licensed as a DMEPOS Supplier by NSC and documents personal compliance with all professional supplier and quality standards.  Physicians cannot seek reimbursements for DMEs dispensed to Medicare or Medicaid patients under the “Stark Law” or “physician self-referral ban,” as well as the Medicare Supplier Standards. Thus the need arises for physicians to venture into other modes of generating revenue opportunities with their own patient base while they maximize patient clinical outcomes. There are very…

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