Accounts Receivables

  • Accounts Receivables
    Align your DME Billing and Coding Priorities with Experts and Experience a Profitable Income Cycle

    Align your DME Billing and Coding Priorities with Experts and Experience a Profitable Income Cycle

    Managing a Durable Medical Equipment (DME) facility is without a doubt a tough task. Right from providing patients the correct medical gear to overlooking the revenue management cycle, insurance reimbursements, along with medical billing and coding requires the help of experienced experts, be it in-house or outsourced. As a DME medical billing service provider, we know that the income cycle administration for practices has turned out to be more entangled than before. With regularly changing insurance agency norms, government regulations, compliances, and medical reforms, it has turned out to be practically impossible for DME facilities to keep up with the changing business environment. However, what this does is that it creates delayed reimbursement or denied claims, resulting in a negative income cycle, and hence it becomes your top priority to align your DME billing and coding priorities with experts to experience a profitable income cycle. As one of the most prominent medical billing and coding company, catering to the US facilities our procedure is characterized is such a way that we do not miss any opportunity to increase your collection rate. Medical Billers and Coders (MBC) work with a unique process workflow combined with our very own system software and…

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  • Accounts Receivables
    5 Tips to improve your DME billing efficiency and speed A/R collections

    5 Tips to improve your DME billing efficiency and 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, the 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…

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