As the healthcare industry evolves, it is certain that regulations and policies will continue to add to the current system, causing healthcare companies and practises to look for more efficient ways to run their businesses.
Are you finding it difficult to keep up with the changing DME billing landscape as a result of legislators’ new regulations?
The successful management of medical billing, medical coding, and revenue management is a strategic objective for the sector in today’s complex healthcare market. The DME billing procedure is distinct from conventional medical billing and coding procedures. DME equipment is classified under HCPCS level II codes, which differs from standard coding. These codes are 5 digits long and made up of a mix of letters and numbers. Following these difficult codes while performing the DME billing process necessitates domain-specific knowledge.
The DME billing process comprises a number of processes, beginning with obtaining a prescription from a physician, assigning proper codes, and submitting a billing claim to the patient’s insurance provider, before distributing the DME to the patient. Every facet of your DME business is outlined by severe federal and state rules.
Failure to follow these requirements when billing for DME services delivered could result in the insurance company not paying the full amount. The DME medical billing system is complicated, and you’ll need a professional to handle it for you if you want to run a medical practise that avoids unnecessary federal attention. Are you concerned about declining collections, the cost of training new workers in billing responsibilities, rising billing errors, and services being halted when staffing goes on leave? If you’re continuously dealing with such issues, outsourcing DME billing services is your best bet for overcoming difficulties. Are you considering outsourcing your medical billing services to India? Let’s have a look at how and why this option can benefit you.
Exhaustive Knowledge of DME Billing Process
An extensive experience with the Healthcare Common Procedure Coding System (HCPCS), which oversees the assignment of level II codes for DME supplies and equipment is a must. Some of the quality red flags that a certified DME billing expert must not display, include improper application of the seventh figure for trauma and fracture codes, as well as inappropriate procedure code usages. Claims denials come from improper use of codes, which is a huge blow for a company’s revenue collection ambitions.
Time Difference Being an Advantage
Indian standard time is around 6 to 12 hours ahead of western time zones. Because most of your billing operations will be completed way before the turnaround time, the time difference is an additional benefit to outsourcing medical billing services to India.
Back-Up Plans in Place
The healthcare administration management will continue to be clouded by uncertainty. Businesses will confront manpower scarcity, jeopardizing timely and accurate execution of the DME billing process. In this situation, it’s critical for businesses to check whether DME billing service providers are using redundancy strategies. Redundancy plans will be used by providers with the future in mind to ensure that DME billing operations such as eligibility assessment, authorization, AR collections, and denials are completed on time.
Strong Reporting Process
It is critical for healthcare organisations to work with DME billing service providers that can assist in lowering overall operational costs. An expert partner should be able to give reliable reporting that identifies areas for improvement in the DME billing process, reducing billing errors and improving the chances of saving money by completing the work in one go.
Save Overhead Costs
Medical billing services can be outsourced to save money, which is why many practices opt for it. Training, staffing, infrastructure, investments, and healthcare IT services can all be cut. Outsourcing services can also improve the efficiency and consistency of revenue collection and cash flow processes.
Efficient Management
It is true that focusing on administration and patient care at the same time is difficult for practises and businesses. Redirecting difficult administrative operations like medical billing management to other resources, on the other hand, might improve patient care. A stronger focus on patient care will result in higher returns for practises, as it will assist in the creation and maintenance of a successful healthcare practise with a devoted patient base.
Because we guarantee an optimal revenue cycle for your firm, Info Hub Consultancy Services (ICS) is a qualified outsourcing DME medical billing partner. We have our state-of-the-art IT, administrative, and storage infrastructure with a separate section for different medical specialties, keeping in mind worldwide regulations and market conditions. The following certificates are held by our employees:
- HIPAA Certified Professional (CHP)
- HIPAA Certified Security Compliance Specialist (CSCS)
- HIPAA Certified Administrator (CHA)
Info Hub Consultancy Services’s experienced DME billing and coding professionals keep an eye on eliminating billing errors, smoothing cash flows by achieving greater economies of scale, and providing advice on difficult claim circumstances with perfect understanding. We offer healthcare organisations the results they are looking for.
