24/7 Medical Billing Services Takes A Stride Towards Mutual Success As It Signs A Contract With A Prominent DME Store In Ohio
24/7 Medical Billing Services has been instrumental
in the growth of many DME stores in the Ohio area. As recent times have hit the
Medical Equipment suppliers hard, mostly because of the lack of foundational
trust, 24/7 Medical Billing Services Company has taken a successful stride by
signing a contract with a prominent DME store in the region.
Even though the prominence DME suppliers enjoy is
high, their reimbursement margins are low. It is a fact that has been clear for
most DMEs across Ohio. It proves that meagre reimbursement levels aren’t enough
to sustain their business. Furthermore, the high costs of Durable Medical
Equipment’s have not left enough room for financial growth. But that’s not the
only reason it happens, for the blame also lays upon the constantly modifying
regulatory compliances.
“The financial well-being of any business hinges on
the communication of accurate billing data. As margin shrinks and the dynamic
regulatory compliances
from HIPAA start posing a myriad of challenges
for DME, the only way to survive is to adapt, strategize, and keep track of the
claims submitted and revenue generated. – Hariharasudan, Founder & CEO of
24/7 Medical Billing Services states.
How will the 24/7 Medical Billing Services
strategic alliances with the DME supplier pave the way to success?
Increased complexity of regulatory requirements of
the DME industry, coupled with the economy that’s acting akin to a rocking boat
under a sea storm – has pushed most DME providers in survival mode. The only
way to salvage this situation is to get the assistance of reliable medical billers
and coders. And that’s where 24/7 Medical Billing Services steps in. By
leveraging the most efficient team of billers and coders backed by the latest
technologies in the medical billing industry, the Company pushes the DME
suppliers towards success – ensuring that all billing reimbursements are
fulfilled.
“Our expert medical billing services excel in
DME documentation, allowing us to go an extra mile to provide error-free
billing services.”
But how does all that play role in the strategic
alliance between the DME supplier and 24/7 Medical Billing Services?
The answer lies in the retention factor. The
strategic alliance will allow the store to circumvent all the complications and
get solutions right from the very start. 24/7 Medical Billing Services will
implement the applicable solutions only after analysing all financial aspects
of the store. It will:
- Save
time during the billing process and
- Shorten
the DME claim turnaround times - a service suited to tackle rejected
claims early on.
With the most time-consuming parts of the process
reduced by 50%, both parties are looking at ample success.
Why did the DME store decide to put their trust in
24/7 Medical Billing Services?
“The loss of revenue last year was unfathomable. To salvage the
situation, we started to look for a professional medical billing outsourcing company that can help us” – mentioned, Official Spokesperson of the DME Store.
The financial performance of the store last year was nothing to write
home about. The quagmire of the pandemic coupled with a lack of timely
reimbursement made the store owners suffer financially. To deal with that
situation, they sought the only logical solution – associating with a reliable medical
billing company that can facilitate them with revenue cycle management
services.
And their obvious choice came in the form of a 24/7 Medical Billing Services.
When asked for the reason behind this choice, the DME store owners
cited two points:
- Proximity
to the store: The store's location
made it a first choice for the DMEs. Being a local store, the 24/7 Medical
Billing Services is always available to fulfil the requirement. The added
advantage of convenience made choosing 24/7 Medical Billing Services was a
no-brainer.
- Experience
of the professionals: “We didn’t just choose
the store because it was nearby, it offers reliable services as well” –
said the DME store owner. 24/7 Medical Billing Services has years of
experience in the field of providing medical billing services. This
experience supplements the evolving talent of the professionals who are
always willing and ready to deliver their timely services.
“We are looking at a fruitful future ahead with
24/7 Medical Billing Services” – stated the Owner of the DME Store.
About 24/7 Medical Billing Services
24/7
Medical Billing Services is a medical billing company that provides round the clock medical
billing services to physicians, hospitals, group practices medical
institutions. With the aid of quick and affordable services this company
provides, the clients can earn more revenue by maintaining their financial
well-being. The company 24/7 Medical Billing Services are backed by 10+ years
of experience, the latest technologies and reliable professionals.
Contact
Hari
Sudan, Media Relations,
24/7 Medical Billing Services,
16192 Coastal Hwy,
Lewes, DE – 19958
Tel: + 1 -888-502-0537
Email – info@247medicalbillingservices.com
Website – www.247medicalbillingservices.com
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