Why Medicare Advantage Denials Are Driving Up Legacy AR in Internal Medicine

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Internal medicine practices are facing increasing pressure to collect revenue from Medicare Advantage claims. While many practices focus on current claim submission and denial rates, an older problem can have an even greater impact on cash flow: legacy accounts receivable (AR) . Legacy AR consists of unpaid, denied, underpaid, or unresolved claims that remain outstanding for extended periods. When Medicare Advantage denials continue to accumulate, these older balances can quickly become difficult to recover. The problem is not simply that claims are being denied. Repeated denials can create additional follow-up work, delay reimbursement, increase write-offs, and push more balances into the 90-, 120-, and 180-day AR categories. For internal medicine practices, understanding the relationship between Medicare Advantage denials and legacy AR is essential for protecting collections and improving financial performance. What Is Legacy AR? Legacy AR refers to outstanding accounts that have rem...
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Streamline your DME Billing with MBC

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All healthcare providers are searching for a streamlined DME billing operation team that may handle their DME billing process without much hassle. According to MarketWatch, the worldwide marketplace for Durable Medical Equipment (DME) is predicted to achieve up to USD 246.6 billion by the year 2026. This rise is predicted because of the advantages that DME products like a wheelchair, nebulizers, canes, crutches, walkers, etc. wear to people. Besides making patient’s life easy, DME products also help these patients live a life without much pain making them independent. Streamline your DME Billing with MBC The right process will make your DME billing and coding process all the stronger and help you get closer to your payments.

Besides the above benefits, technological advancement within the DME medical equipment is additionally another reason for the increase of the DME market and in fact, the rising geriatric population. As old people are more prone to chronic diseases and require extended care that involves more of the DME products for leaving a simple life.

As per the report, the worldwide DME market is fragmented and supported by the tip user, region, and device type. With reference to device type, the market is further divided into therapeutic and monitoring devices, medical furniture and loo safety devices, and private mobility devices. Sub-segments of the therapeutic and monitoring devices market include nebulizers, infusion pumps, oxygen equipment, blood sugar monitors, and other devices.

The DME market from therapeutic and monitoring devices is predicted to grow at a high rate during the estimated period. the non-public mobility devices market segment is split into scooters, walkers and rollators, door openers, wheelchairs, and other devices. This segment is anticipated to carry a serious share of the worldwide market in 2017. The Medical furniture & bathroom safety devices market is segmented into commodes & toilets, and bedding & mattress devices.

However, because the demand for DME products is rising, all healthcare providers are searching for a seamless operational extension that may handle their DME Billing process without much hassle. In fact, here we shared some tips to choose the best operational extension for Streamline your DME billing services:

To know more about Streamline your DME Billing with MBC, click here: https://bit.ly/3Swo5Nq Contact us at info@medicalbillersandcoders.com/ 888-357-3226.

Location: United States

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