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DME Billing Services
5 ways to ensure accurate billing for durable medical equipment orders
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 types of modifiers: Modifiers are known to influence fee schedules and help fix prices paid for DME. Moreover, the reimbursements…
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DME Billing Services
5 most common errors with DME billing
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 involved in DME billing are listed below. Verification of Patient Data: More often than not, DME billing claims have been…
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DME Billing Services
5 issues for DME practices to keep top of mind in 2020
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 what the main issues for DME practices, especially in the DME practice, could help still maintain equilibrium, despite the coming…
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DME Billing Services
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 years. So the physicians and healthcare providers, who are still deciding whether or not to take up DME services as…
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DME Billing Services
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 essential for most DME billing services. Here is a checklist that can be employed to understand why denials are happening…
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