Benefits of Outsourcing DME Billing to Improve Your Revenue

-


benefitsofoutsourcingdmebillingtoimproveyourrevenue.jpg

As any durable medical equipment (DME) provider will confess, securing reimbursements from Medicare and private insurance carriers is one of the biggest challenges of running a DME business. It’s time-consuming and labor-intensive, and for all their effort, DME providers don’t always get full reimbursements. If not paid attention, inaccurate DME billing could lead to lower revenues and, in worst-case scenarios, cause DMEs to windup their business. Outsourcing your DME billing services to reliable medical billing companies like MedicalBillersandCoders (MBC) could be a smart and efficient way to get maximum reimbursements and countless other benefits. Some of the Benefits of Outsourcing DME Billing services are listed below. 

Benefits of Outsourcing DME Billing to Improve Your Revenue

Less Billing Errors

DME billing offers a unique set of challenges. It includes coordinating with different parties and requires an understanding of the HCPCS (Healthcare Common Procedure Common System) Level II codes. Each type of DME has a unique HCPCS Level II code, and the biller is responsible for ensuring that each piece of equipment is coded correctly. For example, when submitting a claim for a continuous positive airway pressure (CPAP) machine, the biller needs to code the machine as well as the mask and tubing used with it individually.

A medical billing company that specializes in DME billing and coding knows the ins and outs of the process, so they are less likely to commit billing and coding errors that would result in denied or delayed reimbursements. The billing company will obtain all necessary documentation i.e., the patient’s billing and insurance information, pre-authorization from Medicare or insurance carrier, and certificate of Medical Necessity from the patient’s doctor, and check these for accuracy, compliance, and medical justification. Should the claim be denied, they will assess and address the reasons for denial, and resubmit the claim where possible.

To know more about How outsourcing DME Billing can improve your revenue click here: https://bit.ly/3ZSAGyl
 Contact us at info@medicalbillersandcoders.com/ 888-357-3226.

Location: United States

Comments

Post a Comment

Popular posts from this blog

Choosing Desired Medical Billing Company for Your Practice

-
Image
  Outsourcing your revenue cycle operations to a medical billing company is the right move toward securing the financial stability of your practice. However, choosing any medical billing company could cause more headaches than benefits.  Medical Billers and Coders  is a leading medical billing company providing complete medical billing and coding services. While interacting with our potential clients, we found difficulties that are faced by healthcare practices while choosing the desired medical billing company. Evaluate Your Practice’s Pain Points As you are seeking external help in  Medical Billing and Coding  for your practice, there are some pain points that are badly affecting your  practice’s revenue . List down all those pain points and try to evaluate if that medical billing company can provide solutions to those pain points. Major pain points for any healthcare practice include hiring and retaining skilled (and experienced) staff, training costs, non-availability of a cert
Read more

Understanding 8-Minute Rule for Therapists

-
Image
  Introduction The therapy 8-minute rule is a vital concept for therapists, specifically in the context of billing Medicare or Medicaid for their services. This rule allows therapists to calculate the appropriate number of billable units based on the duration of direct contact therapeutic services provided to a patient. Understanding the 8-minute rule is essential to avoid billing errors, delays in reimbursement, audits, and underbilling. In this article, we will delve into the intricacies of the therapy 8-minute rule, its application in therapy billing, and how to calculate billable units accurately. What is the Therapy 8-Minute Rule? The therapy 8-minute rule refers to the method used by therapists, including occupational therapists, physical therapists, and speech therapists, to determine the number of billable units for Medicare or Medicaid reimbursement. It applies to timed services where therapists provide one-on-one sessions with patients for at least eight minutes. Since t
Read more

How do changes in Healthcare Regulations Impact Medical Billing Procedures in the United States?

-
Image
Changes in healthcare regulations can significantly impact medical billing procedures in the United States. These regulations can come from federal, state, or local government entities and may affect various aspects of healthcare delivery, insurance coverage, and reimbursement. Here are some ways in which changes in healthcare regulations can impact Medical Billing procedures: Coding and Documentation Requirements: New regulations may introduce changes in the coding and documentation requirements for medical procedures and services. This can impact the way healthcare providers document patient encounters and submit claims. Billing and Reimbursement Rates: Healthcare regulations often influence reimbursement rates for medical services. Changes in regulations can lead to adjustments in the amounts that healthcare providers are reimbursed for specific procedures or services. This, in turn, affects the amounts billed to patients or insurance companies. Compliance and Reporting Requirement
Read more