Managing Durable Medical Equipment (DME)billing can be a tricky affair. Despite being an area in the healthcare industry that has been fraught with many challenges and inefficiencies for years, yet today there are DME providers still struggling to maintain the bare minimum. In a recent news, inefficiency of DME billing not only left 270 billion U.S. hospital claims initially denied, but an average of 65 percent of the denials claim were never being corrected or resubmitted. Thus, leading to a sharp increase in administrative costs and denial write-offs, as hospitals and vendors struggle to handle all these issues. In fact, today to stay competitive and achieve a successful DME billing operation, it is best to outsource your billing operation from an expert solution in order to avoid all such sitution.
why having an expert DME professional is beneficial?
Streamlining processes - Overcoming all your outdated and traditional approaches to DME billing which involve manual labor and an overreliance on entry level staff to handle complex claims processing issues, a professional expert utilizing billing software and EHR etc helps streamline your billing approach. Focusing on simplifying the workload and streamlining processes for their employees, an operational extension further help with more time for patient care and other important work like business growth etc.
Easy access to automation and Updated Technology - With more than 90 percent of claims deemed preventable by the Advisory Board, there is a clear need for automation and updating technology systems in claims processing which partnering with an operational extension comes in handy. Decreasing your denial write-offs and cutting administrative costs, the right team further resolves issues like payment delay and denial classification mapping.
Resolving your reimbursement Issues in DME Billing - DME billing faces several reimbursement issues due to - unauthorized services by Medicare/Medicaid/private health insurance plans, therapeutic services, and the absence of strong founding in the Healthcare Common Procedure Coding System (HCPCS) etc. This is why an expert tackle all these challenges efficiently and closing all your billing gaps faster and effectively today is the most convenient solution for all.
So if you are looking to improve your DME billing operation, Sunknowledge Services Inc is one such RCM organization with more than 15 + years of experience embracing intelligent automation and streamlining processes that can alleviate some of the burdens on staff and improve your overall DME billing efficiency.
what are you waiting for? For more information on how Sunknowledge can make a difference and is better navigate the complexities of DME billing so you experience reduce rate of claim denials, you are just a call away!
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About the Author
William Jones Joined: May 7th, 2019 Articles Posted: 71
