DME Billing Services for a Stress-Free Physician
The reimbursement process of Durable Medical Equipment is complex, especially because they are part of the healthcare service but doesn’t constitute the whole treatment episode.
Medical billing services are not just about recording and billing healthcare procedures. It also involves the medical supplies and equipment necessary to assist patients. The reimbursement procedure requires mentioning such recommendations by physicians. However, only the documentation of DME is not enough. Medical billers and coders also have to establish the necessity of equipment for the treatment.
What is DME?
Durable Medical Equipment (DME) refers to the medical supplies that licensed or accredited clinicians recommend to patients, based on their health conditions. Ventilators, Kidney machines, wheelchairs, canes, bed accessories, and others are its example.
Such medical supplies are mostly referred for long-term benefits of patients and are durable.
Why Prefer Outsourcing DME billing?
The staff at healthcare organizations is often busy dealing with the patients and managing other administrative work. They don’t have time to accurately report the rendered services and used equipment according to the standards. Thus, the lack of documentation reflects poorly on physicians’ revenue cycle management.
On the contrary, medical billing outsourcing companies like P3Care manage to compile claims with all the updated information and absolute précised figures.
Here’s what medical practices can achieve when they opt for outsourcing medical billing.
· Experienced and trained medical billers and coders compile claims for lesser or no denied claims
· Dedicated experts strategize for improving revenue cycle management
· Customized reporting efforts result in increased efficiency
· Data-driven medical billing services as per the HIPAA compliance
· Accurate documentation of the DME codes and modifiers
· Clean records of accounts receivable
· Reduced accounts receivable (AR) days
· Billing of medical procedures as per the ICD 10 codes
· Comprehensive data security
· Timely data submission
· Continuous follow-ups
· Efficient denial management services
Look for Flexible and Customized Billing Solutions
Different medical practices have different budgets. In-house setup for medical billing proves to be hectic and may jeopardize the patients’ satisfaction level. Keeping up with the changing guidelines and training resources accordingly requires investment and effort. The best shot that streamlines the reimbursement process and the medical process comes through medical billing outsourcing.
However, before finalizing any billing company, make sure to choose a company that meets your area of expertise, offers flexibility, and customized billing solutions as per DME.
Outsourcing DME Billing Offers You More Control
Often outsourcing medical billing services for DME is considered expensive and losing control to another company. But, it is not the case. We cannot stress enough that hiring professionals for compiling claims is the best option in the long run. Moreover, the administration or clinicians in general, do not lose control in any way.
Medical practices also do not have to spend efforts in training their resources. So, a huge deal of money is cut down on all such expenses.
The better control geared through professional medical billing service providers also ensures high-quality standards. Ultimately, the HIPAA-compliance standards are met by the organization.
DME Billing Increases Your Reimbursement Rate
Correction of claims, resubmission, and keeping a check on the submitted and denied claims makes up for the revenue.
A professional medical billing company ticks all the right boxes and manages DME billing that highlights the practice’s specialty. As the billing and coding according to the specialty-specific codes double the revenue.
Believe it or not, DME billing can play an important role in enhancing physicians’ revenue. If a clinician is putting effort into assisting patients in every way possible by recommending the right medical equipment, he deserves to reimburse for it.