DME billing and coding is a very complex system and involves a certain level of expertise. Besides expertise, awareness, and knowledge about the constantly changing coding system by CMS help ensure accurate billing that helps reap rewards. Here are a few ways that can help ensure accurate billing for DME services: Awareness of kinds and […]Read More.. 5 ways to ensure accurate billing for durable medical equipment orders
DME billing is not very straightforward, and when healthcare providers integrate it to increase their revenues, the complexities increase. Medicare is known to lose more money to wasteful spending than any other program government-wide, with more than $60 billion in erroneous billing each year The most common errors with DME billing that can trip anyone […]Read More.. 5 most common errors with DME billing
Year 2020 could prove a turning point for the healthcare industry. Slowing limping back into normalcy, most healthcare practices have found some stable ground. This, however, may be rocked again, with a change in political reforms that could even repeal the ACA or popularly called the Obamacare act. It would not be difficult to surmise […]Read More.. 5 issues for DME practices to keep top of mind in 2020
A recent 2016 report by Grand View Research predicted that the durable medical equipment (DME) market is expected to reach USD 242.1 billion by 2024. This will probably turn out right, going by the simple logic that the aging population need for chronic disease management tools and devices and remote monitoring devices will increase in the coming […]Read More.. What will 2017 bring for DME practices?
Rejection and denials in DME billing impact reimbursement and cash-flows disrupting the Revenue Cycle Management process. Added to the denials, increased regulatory scrutiny is pushing most DME services to revamp their operations to streamline processes and enhance profitability too. However, the need to question and analyze the reason why denials and rejections take place is […]Read More.. How to reduce denials in DME billing?
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 […]Read More.. Is your Accounts Receivable (AR) in control for 2016?
As a physician when billing for DME services, the process can be very complicated and tiresome. However, there are ways and means to work 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 […]Read More.. 4 Inside Secrets of DME Billing