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Showing posts with the label Price Transparency for Durable Medical Equipment

Medical Billing Operations for Multi-Location Practices: Streamline Workflow and Maximize Revenue

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 Managing medical billing operations for multi-location practices isn't just about submitting claims — it's about maintaining consistent performance, accuracy, and compliance across geographically dispersed sites. As practices expand, many find themselves struggling with fragmented billing workflows, data silos, and higher denial rates. The key to financial success lies in standardization, centralization, and technology integration . Why Multi-Location Practices Are Vulnerable to Revenue Loss As healthcare groups grow and open new facilities, they often inherit different workflows, staff training levels, and billing systems. Without a unified approach, these inconsistencies create bottlenecks and leak revenue at multiple stages: Claims may be delayed or submitted incorrectly. Follow-up on denials is inconsistent across offices. Staff may lack visibility into real-time performance metrics. Lack of accountability makes it hard to track root causes of billing iss...

Price Transparency for Durable Medical Equipment

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Price transparency refers to the extent to which information is obtainable. It is when all parties in trading are aware of the product pricing i.e. awareness and knowledge of the bid price and asks price at various price levels, along with the quantities of any good or service involved. This also results in discrepancies in the billing and coding, thus affecting   revenue cycle management. DME refers to equipment such as oxygen supplies, wheelchairs, knee braces, etc. It has to be prescribed by a medical practitioner and the person buys this equipment from a DME provider or sometimes, the doctor himself calls a DME company for delivering it straight to the patient's home. This is where the price transparency has a catch. A knee brace could cost anywhere from a range of $250 to $1500 from two different DME companies. DME billing then gets erroneous due to double bills and unsuitable expenses. Effects of Price Transparency - DME billing takes a course on patients also as sometimes in...