Accounts Receivables

  • 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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