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 […]
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 […]
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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