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 […]
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 […]
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 […]
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 […]
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 and providing for healthy cash inflows. Best Strategies to Improve the DME Billing Efficiency. […]
During tough times tough decisions need to be implemented. Many healthcare practitioners and providers have been facing reduced reimbursements mainly affected due to the emerging and changing healthcare rules and regulations. Three main problems faced by healthcare providers are: Reduced reimbursement from all payers Noticeable decrease in patient footfalls due to increasing market competition and […]
It is well known to physicians that durable medical equipment (DME) services are ancillary to the primary clinical purpose. However, most physicians are also aware that when prescribing DME, they may not get the reimbursement due to them as their admissibility is subject to certain conditions. There may be a number of reasons why physicians […]
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