Understanding the Complexities of DME Billing & How to Fix it

1. Understanding the Complexities of DME Billing & How to Fix it? https://www.247medicalbillingservices.com | +1 888-502-0537

2. Understanding the Complexities of DME Billing & How to Fix it? Millions of people in the United States rely on some form of durable medical equipment (DME) devices. DME is a necessity for them as they would not be able to move around, go about their daily routine activities, or get relief from their illness's symptoms without it. We need to understand the Complexities of DME Billing. Undoubtedly, technology advancements have made purchasing DME far easier and more convenient. Patients can now obtain wheelchairs, continuous positive airway pressure (CPAP) machines, and other medical equipment without leaving their homes. The only need is to place their orders online or by phone, and the necessary equipment will be delivered right to their door. But that isn't to say that obtaining DME is without complications. There are still some issues with obtaining DME. In fact, the DME billing process, as well as reimbursements, has become more complex than ever. https://www.247medicalbillingservices.com | +1 888-502-0537

3. Understanding the Complexities of DME Billing & How to Fix it? Chasing providers’ office for DOCUMENTATION The primary cog in the DME coding and collection wheel is documentation. Inadequate documentation and incorrect information lengthen the overall payment cycle. It is a concerted effort to obtain prescriptions and other medically required documents from the provider's office. This raises the cost of doing business while also lengthening the time it takes to deliver the products. Suppliers may even be required to postpone the shipment of supplies until all documentation is completed. REIMBURSEMENT impact Both commercial and Medicare payers have significantly reduced reimbursements. DME suppliers have no choice but to increase profitability through increased volumes. Even with enhanced volumes, the operational cost of document management mitigates the impact. https://www.247medicalbillingservices.com | +1 888-502-0537

4. Understanding the Complexities of DME Billing & How to Fix it? • TRAILING in billing and handling DENIALS: • Billing on time is a challenge that suppliers face these days. Their company's cash flow is being hampered as a result of this. There is a way out to catch up by taking shortcuts, which does not help and adds to the complexities. • Payer GUIDELINES issues • DME Suppliers frequently encounter payers who deny claims for the following reasons: • Regarded as therapeutic services • Unauthorized by Medicaid, Medicare, or a private health insurance plan • Lack of strong foundation in the HCPCS, which represents level II codes assigned to DME equipment and supplies. • Previously permitted reimbursement level https://www.247medicalbillingservices.com | +1 888-502-0537

5. Understanding the Complexities of DME Billing & How to Fix it? • Need of the hour to mitigate the above complexities of DME Billing: • DME Billing companies should concentrate on: • Process reengineering results in cost optimization, which streamlines order-to-cash cycles. • Cash efficacy. • Transform and remodel processes and organizational structure to keep up with rapidly changing market trends. • Using integrated technology and analytics to drive critical business outcomes. https://www.247medicalbillingservices.com | +1 888-502-0537

6. Understanding the Complexities of DME Billing & How to Fix it? Conclusion: • Outsourcing DME billing and coding services to expert medical billing companies such as 24/7 Medical Billing Services can help you to focus on lowering the operational costs of your business. It can also ensure seamless billing transactions by providing up-to-date resources and experienced billers and coders. Ensuring timely claim submission and continuous follow-up, there is an operational extension that provides benefits such as robust reporting and a free dedicated revenue cycle management. Contact the expert DME billers and coders of 24/7 Medical Billing Services to assist your DME billing process with efficient revenue generation, allowing your business to focus on its core work. https://www.247medicalbillingservices.com | +1 888-502-0537

7. Understanding the Complexities of DME Billing & How to Fix it? • About 24/7 Medical Billing Services: • 24/7 Medical Billing Services is the nation’s leading medical billing service provider catering services to more than 43 specialties across the entire 50 states. You can rely on us for end-to-end revenue cycle management. We guarantee up to 10-20% increase in the revenue with cost reduction of your practice for up to 50%.  • Media Contact: • Hari Sudan,  • 24/7 Medical Billing Services, • 16192 Coastal Hwy, Lewes, DE – 19958 • Tel: + 1 -888-502-0537 • Email - info@247medicalbillingservices.com https://www.247medicalbillingservices.com | +1 888-502-0537