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If you are looking to outsourcing your DME Medical Billing process, choose the best outsourcing partner that can deliver excellence in every aspect. 24/7 Medical Billing Services is one of the leading DME medical billing and coding companies with more than a decade experience in the industry, serving many DME suppliers, medical billing companies, many medical practices, individual practitioners, etc. They provide a wide range of services and especially, for DME Billing, they are the first company to introduce DME Medical Billing Outsourcing at just$8 per hour. Check out their website for more details.
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Common DME Billing issues that blocks your revenue http://www.247medicalbillingservices.com
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 everyone’s knowledge and to deal with them prior to affecting your business. http://www.247medicalbillingservices.com
Common DME Billing issues that blocks your revenue Challenges in DME billing that stop you from generating revenue #1: 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. #2: 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. #3: Managing claims: When claims submission is one mega chapter of the DME billing process, claims management is another crucial process. http://www.247medicalbillingservices.com
Common DME Billing issues that blocks your revenue Conclusion Being a DME Supplier/Billing company, you should be aware and always prepared about the constant changes in DME Billing codes and procedures. Therefore considering the complexity involved in DME billing process, outsourcing would be the best and ideal solution. If you think of the advantages you might receive due to DME billing outsourcing, you get the following: Increased revenues More control on operations Extended customer service Maintaining HIPAA compliance patient data safety Being updated on changing regulations Spend more time for patients http://www.247medicalbillingservices.com
Common DME Billing issues that blocks your revenue 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. Media Contact: 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com http://www.247medicalbillingservices.com
