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Why Revenue Leakages Happen in DME Billing and Coding?

The first step to avoid all forms of revenue leakage in DME billing and coding is to identify the loopholes. By giving the process in the hands of experts, you ensure that youu2019re focusing on what youu2019re best at - treating patients, which by the way will lead to revenue generation in the long run.

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Why Revenue Leakages Happen in DME Billing and Coding?

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  1. Why Revenue Leakages Happen in DME Billing and Coding? http://www.247medicalbillingservices.com

  2. Why Revenue Leakages Happen in DME Billing and Coding? The phenomenon is especially common in the Durable Medical Equipment (DME) billing & coding industry because of the inherent cumbersome nature of DME billing. Revenue leakages are a major concern in the healthcare industry. They are the difference in the claimedamount that healthcare providers are entitled to receive versus the amount of the reimbursement they actually receive. As per the Harvard Business Review, the top hospitals have lost hundreds of millions of dollars of income due to revenue leakages. As per American Hospital Association, all kinds of U.S. hospitals reported approximately $620 billion in uncompensated care costs since 2000. http://www.247medicalbillingservices.com

  3. Why Revenue Leakages Happen in DME Billing and Coding? Top reasons why revenue leakages happen in DME billing and coding: Denial of claims: Inaccurate codes: Non-compliance: Lack of real-time monitoring: Incorrect data: Failure to Follow-up: Lack of expert guidance: http://www.247medicalbillingservices.com

  4. Why Revenue Leakages Happen in DME Billing and Coding? The first step to avoid all forms of revenue leakage in DME billing and coding is to identify the loopholes. By giving the process in the hands of experts, you ensure that you’re focusing on what you’re best at - treating patients, which by the way will lead to revenue generation in the long run. http://www.247medicalbillingservices.com

  5. Why Revenue Leakages Happen in DME Billing and Coding? 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: Hari Sudan, Media Relations, 24/7 Medical Billing Services, 16192 Coastal Hwy, Lewes, DE – 19958 Tel: + 1 -888-502-0537 Email - info@247medicalbillingservices.com http://www.247medicalbillingservices.com

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