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 20205 issues for DME practices to keep top of mind in 2020
What will 2017 bring for DME practices?
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?How to reduce denials in DME billing?
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?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 […]
Read More.. Is your Accounts Receivable (AR) in control for 2016?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 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 BillingDME Billing Services – In house v/s Outsourced Agency
The most significant process in the DME practice, besides the clinical services offered, is the billing and Revenue Cycle Management process as they bring in cash flows. The major changes both in the healthcare industry and the political scenario, are keeping people guessing and on their toes as to what changes are likely to come […]
Read More.. DME Billing Services – In house v/s Outsourced AgencyStreamline DME billing to reduce turn-around time and improve cash flow
DME billing is known to be a tiresome process because of the various complications and dependencies that come with it. Moreover, once claims are filed, the process of tracking and ensuring timely follow-ups can be very time-consuming. Added to this, although disruptive but helpful ICD-10 coding system has led to a series of changes which […]
Read More.. Streamline DME billing to reduce turn-around time and improve cash flow