Month: December 2016

  • DME Billing
    is-your-ar-in-control-for-2016

    Is your Accounts Receivable (AR) in control for 2016?

    Speak to the experts if the answer is “NO” Accounts Receivable (A/R) – does that give your DME Revenue Cycle Management service nightmares when you think about it? Does the long DME billing cycle act as a barrier to that regular cash flow that you wait? How can you stay in control of your cash flow and intelligently forecast the 30, 60 and 90 days AR cycles? For A/R to be streamlined certain planning and measures need to be in place, such as: • Billing the right DME services using the appropriate codes and modifiers • Reviewing updates on insurance policies & patient’s coverage • Stringent documentation of process and implementation • Checking in the receivable transactions • Maintenance of receivable ledgers • Preparing and delivering statements & reports as per audit requirements • Data security to ensure complete privacy If the above is streamlined and going as scheduled then what is visible is • Reduction of denial rates • Reduction of AR days • Improved productivity • Considerable reduction in operational costs and overheads • Consistent communication with your customer base Here are some of the queries you need to ask yourself if things are not going as planned…

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  • DME Billing
    inside-secrets-of-dme-billing

    4 Inside Secrets of DME Billing

    As a physician when billing for DME services, the process can be very complicated and tiresome. However, there are ways and means to working with this, so that ancillary revenue need not be lost. Often healthcare providers write prescriptions for patients, who then have to procure the DME product from the DME provider. But, do you know that you as a physician can also dispense DME products from your office premise and bill accordingly, thereby receiving ancillary cash flow and also keeping your customers happy? Here are some insider tips to a smoother DME billing that can help the Revenue Cycle Management(RCM) reimbursement process get a boost: DMERC license : To dispense Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS), one must have a Durable Medical Equipment Regional Carrier (DMERC) license to dispense covered items for Medicare patients.  Coverage and eligibility : Verifying the coverage and eligibility of your patients is the next step towards streamlining the DME billing process Documentation : This is most essential when it comes to DME coding & amp; billing. Employing the correct HCPCS code to use for a specific item is what will help process your claim faster. The documentation should meet the “medically…

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