Besides the financial aspect in hiring expert billers and certified coders, the biggest challenge in the DME billing process today is fighting the present crisis situation and ensuring a seamless DME billing process. With social distancing being the norm, the use of various techniques is been initiated and many billing regulations been relaxed, there are many aspects that are impacting the seamless DME / HME billing process. Especially today when many insurance companies have relaxed their DME coverage and coding requirement, there has been an immediate increase in DME products and services everywhere.
However, with the increases and for obtaining a successful billing process, today many healthcare practices are choosing for an ideal operational extension helping them out with a seamless billing process.
How an operational extension can help you with a seamless DME billing process:
As the top priority of every healthcare practice has been about the expense controlling and costs reduction for years now and especially today, for this pandemic hit when healthcare providers have observed falling revenue for their practices for nearly three months now – a financial emergency from which some may never recover. An ideal operational extension is the best key in this crisis situation especially as it is a cost effective solution.
As the wage of an in-house nonclinical staff handling your billing and coding process is an expensive affair and studies have shown that non-clinical staff gets paid more than the federal minimum wage of $7.25 an hour, with a starting wage between $11 -$15 an hour. These exclude its training costs, other employee benefits, employee perks which are hugely overpriced. Whereas an operational extension offers equally services with far less service charges.
Outsourcing organizations not only helps you with a seamless billing operation and effective revenue generation but also in this crisis situation helps you with continuous billing work without you been worried about getting infected to the contagious virus.
Saving you from the costly affair of in-house billers, their training cost, software installations, infrastructure and other various aspects, outsourcing your DME billing helps you by reducing your operational cost in different ways; thus choosing outsourced RCM organization for your DME billing is the best alternative.
Giving special attention to the ever-changing, critical medical coding, there are outsourced organizations has experts and their ongoing training and education to ensure 99.9% accuracy rate and overall efficiency. Giving special attention to undercoding as it leads to a huge amount of revenue loss for healthcare practices, outsourcing RCM organizations take care of all your coding responsibility.
Working for the highest collection rate and, continuous follow-up, with reduced billing errors and denial claims, these organizations also offer benefits like:
- Robust reporting according to the client’s requirement
- Complete HIPAA compliance
- Reduction of your AR bucket
- Dedicated account manager.
Ensuring seamless billing process these RCM organizations takes your complete DME billing responsibility with an assured financial enhancement so that you can focus more on your core work of patient care.
