Medical Billing Blogs

  Have you submitted your DME claims? If yes, count down begins! 1, 2, 3, and so on. You will also be counting down the days until you receive payment once your DME medical practice submits a claim to the payer. Of course, you must ensure you receive the payment as soon as possible, as delays will cost your hospital or medical institution thousands of dollars. But what causes your payment turnaround time to increase? Or why are there DME billing backlogs? Account receivables should be cleared in less than 30 days. However, there are times when payments are delayed. There are several reasons why a payer takes so long to make a payment. Some of the reasons are as follows: ●      Claim errors, ●      Carelessness, ●      Multiple denials, and ●      A missed deadline for filing It is essential to reduce the DME billing backlogs or the time it takes to process accounts payable. Here ar...

  Running a DME medical practice is a huge responsibility that requires you to juggle a plethora of tasks that are not only related to healthcare but also various other administrative functions. Dealing with mundane and complex tasks like DME medical billing takes time for a DME practitioner. You would rather spend your time taking care of your patients.  Because of growing compliance issues, complex coding requirements, stricter timelines, and increasing regulations, the DME medical billing process has become more confusing and complicated.  Outsourcing DME medical billing provides numerous benefits to DME medical providers as the outsourced DME billing service handles all coding and billing requirements timely and per the regulations. In this blog, let us know how outsourcing DME medical billing can help you with more accurate DME medical billing and improve the financial health of your clinic. ·          Professionals with exce...

  Any DME supplier will always strive to increase revenue while decreasing the day’s sales outstanding. According to Grand View Research, the durable medical equipment (DME) market will grow from $53.6 billion in 2021 to $92.8 billion in 2030. Because of the COVID-19 pandemic and the shift in healthcare toward a hospital-to-home model, the DME industry will be one of the fastest-growing markets. Even as the US population ages, there will be an increase in demand for a wide range of home medical equipment products, from oxygen to incontinence and mobility products. All of this will fuel the demand for DME items and products. Suppliers are now looking to improve their patient loyalty and satisfaction program in order to accelerate the ROI to the best proportions. Low payments, as well as changes in Medicare and Medicaid regulations, are all posing significant challenges. More patients are now paying out of pocket or are unsure how much they owe. As a DME supplier, the last thi...