Accounts Receivable (AR) is a key parameter in the financial division of every healthcare facility. It is defined as the money owed by the healthcare facility for the services rendered to the patients. Being a vital aspect of the revenue cycle management, the cash flow of the healthcare facility is directly proportional to the managing […]Read More.. Lacking in AR Management can Harm Your Durable Medical Equipment Revenue
Getting to know the basics of denial management is vital for successfully running a medical practice and Durable medical equipment (DME) facility. Facilities that are showing positive bottom-line numbers at the end of each month will generally have denial rates below 2%-3%. Also, nowadays payers are embarking system software’s so they can identify different payment […]Read More.. Are You Conducting The Right Follow Up On All The DME Denied Claims?
DME facility is majorly dependent on the mandates and regulations set by the federal government. The recent news of DME facilities overlooking the patient safety and the reselling of Home Medical Equipment (HME) has pushed the states to look for the law to curb irregular treatment of patients. This has further complicated the compliance issues […]Read More.. 5 Reasons why your DME facility might not be generating revenue?