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COMMON DME BILLING ISSUES THAT BLOCKS YOUR REVENUE

Durable Medical Equipment (DME) Billing is quite complicated if you do not follow the proper coding, documentation, claims filing, and communication barriers. Depending on these factors, your DME Billing reimbursements are depended up on. Like how maximum revenue generation is possible in DME billing, at the same time, experiencing high rate of denials due to simple and complex reasons is also possible. Through this blog, we would like to highlight the common and top 3 challenges that practices could face in their DME billing, for everyoneu2019s knowledge and to deal with them prior to affecting your business.

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COMMON DME BILLING ISSUES THAT BLOCKS YOUR REVENUE

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  1. COMMON DME BILLING ISSUES THAT BLOCKS YOUR REVENUE http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  2. COMMON DME BILLING ISSUES THAT BLOCKS YOUR REVENUE http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  3. COMMON DME BILLING ISSUES THAT BLOCKS YOUR REVENUE Durable Medical Equipment (DME) Billing is quite complicated if you do not follow the proper coding, documentation, claims filing, and communication barriers. Depending on these factors, your DME Billing reimbursements are depended up on. Like how maximum revenue generation is possible in DME billing, at the same time, experiencing high rate of denials due to simple and complex reasons is also possible. Challenges in DME billing that stop you from generating revenue: Insufficient documents Statistical reports say that just due to incorrect/insufficient documents, $2.6 billion of amount has been rejected out of the total amount of $3.2 billion in the Medicare Trust Fund. Documentation being the primary havoc for DME billing and collection process, it is ideal to properly maintain and submit documents related to patients. Carelessness or even a small mistake can lead to claim denial and waste of time and money. This can impact your revenue generation extremely high. http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  4. COMMON DME BILLING ISSUES THAT BLOCKS YOUR REVENUE Errors in DME coding In a survey report released by the American Health Information Management Association (AHIMA), the top coding challenges encountered by healthcare provider are applying the seventh character for trauma and fracture codes and using procedure codes inappropriately. Now apart from these two, it adds even issues such as improper usage of guidance tools and performing insufficiency in documenting devices, components. Therefore, improper codes can be another strong reason for claim denials, leading to inconsistency in DME billing process. Managing claims When claims submission is one mega chapter of the DME billing process, claims management is another crucial process. Your job does not end after submitting claims; it requires regular follow-ups with the insurer in order to check whether there are any discrepancies or how many claims are about to settle so that you can plan your further months. http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  5. COMMON DME BILLING ISSUES THAT BLOCKS YOUR REVENUE Tracking the duty In a medical industry, there may be many people working right from nurses to doctors. But tracking or scheduling their time is very difficult. The timetable for each and every doctor can become easy with the help of software. The software can bring out the essence of working in a simplified way. The higher official in the medical industry can easily check out who is in duty and who are all in leave without getting into hospital and seeking into manual records. Bills becoming easy There will be no errors in bills after your implementation of software. Even proper date and time will be entered in the bills to make them genuine. The hospital can get good integrity when proper software is installed. Simple hospital management software is essential for a medical industry which can track all the patient records and history of their illness. Level up in medical industry with the help of some of the best softwares. http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

  6. 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%. Call us today at 888-502-0537 to know more on how we can help boost profitability for your practice. Contact us - 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com http://www.247medicalbillingservices.com; Tel: + 1 -888-502-0537

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