Benefits of DME Billing Outsourcing

  • DME Billing Services
    Benefits of Hiring a Durable Medical Equipment Billing and Coding Agency

    Benefits of Hiring a Durable Medical Equipment Billing and Coding Agency

    As per industry research, thousands of dollars are lost in mishandling and unpaid claims in numerous fields of healthcare, including Durable Medical Equipment (DME). Added to this is the multifaceted billing and coding procedures, and the claim requirements of Medicare, Medicaid, and other private insurance companies. To ensure accurate reimbursements and timely revenues, it is imperative to hire an outsourcing agency as it works as a smart solution and completes all the billing and coding requirements; and assists in organizing the entire processes at a fraction of the in-house operating costs. It also makes the in-house billing and coding department’s work a lot easier, less time consuming, and lesser issues related to legalities. Equipment that provides therapeutic benefits to patients who are in need due to certain medical ailments is categorized as DME. It is also known as Home Medical Equipment (HME) and is able to withstand repeated use. Equipment considered as DMEs is prosthetic devices, wheelchairs, oxygen equipment, insulin pumps, walkers, hospital beds, power mobility devices, etc.  It is known that around 80% of the bills contain errors of some sort of the other, either incorrect details or the inability to follow the latest rules and regulations. It also…

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  • DME Billing Services
    5-Benefits-accrued-with-outsourced-DME-billing-Service-1

    5 Benefits accrued with outsourced DME billing Service

    It is a well-known fact that DME billing can be nerve-racking, given the changing regulations and rules not just by federal agencies but also by payers. Moreover, the DME categorization and its usage are given “medical necessity” and the pre-authorization and authorization requirements can be tedious and time-consuming to incorporate when dealing with documentation. Hence, when you outsource the DME services there are 5 benefits you can be assured of: Trained staff: The trained staff takes care of all the billing details of the patient, not just their personal demographics but also the name of the medical provider, the medical service rendered, and the date of the patient’s visit. Ensuring that every detail is accurate and verified. The charge entry process: The most crucial component in the billing cycle which ensures your healthy revenue and where the claims process is most critical for your RCM process. This process ensures that insurance claims are processed accurately with all information like the fact sheet of the patient, physician details, details of insurance coverage of the patient, and billing information. Documentation: Part of the above charge entry process. Stringent documentation ensures appropriate charges are assigned to the codes provided by the team of…

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