5 keys to a profitable DME business

  • DME Billing Services
    Reasons-why-your-DME-facility-might-not-be-generating-revenue

    5 Reasons why your DME facility might not be generating revenue?

    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 driving down the revenue.  Here is the look at some of the negating factors affecting your DME facility Reduced Inflow of patients For any DME facility, one factor that contributes greatly towards the reimbursement generation is a constant flow of patients. Durable Medical Equipment is usually stabilized equipment’s that after the rigors use of it becomes non-essential for the patient or if the patient needs to make continuous use of it will just need maintenance and repairs. The need for collateral tie-ups with physicians recommending their patients for your DME facility can act as a great booster. Furthermore, a DME facility can instill a marketing technique to promote their attractive rates and range of equipment. No future plan- Equipment and Reimbursement Flow DME facility needs to be prepared for the worst in such cases of bankruptcy or action against the facility. The need for the…

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  • DME Billing Services
    issues-for-DME-practices-to-keep-top-of-mind-in-2020

    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 turbulence. Keep in mind the below 5 issues and your DME practice could sail past the chopping waters: Physician signature: If a claim does not have a physician signature than it would be deemed insufficient. Documentation: Clarity and stringent checks on documentation, both clinically as well as administrative could definitely help strengthen your practice. For instance, if medical documentation displays a different code than the one that was billed, or if services were performed by someone other than the billing provider, then the payment is considered improper. Coding: Know what items can be billed and define the purpose clearly. Overbilling can attract audits which could be a cause for concern. So prepare a checklist of items and keep updated with the CMS and payers rules…

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