All about The DME Medical Billing Process and Outsourcing

Today in every five homes, two of the household deal with an older population above the age of 60. It is said that between the years 2015 and 2050, the proportion of the world's people over 60 years will nearly multiply from 12% to 22%. By 2022, the number of people aged 60 years and older will outnumber children younger than 5 years.

This is also a reason that in the last few years we have seen that the DME industry is rising. In fact, a recent survey that is done on the DME/HME products stated that the market survey to rise to USD 271 billion by 2026. Since every single day, about more than 10,000 peoples are turning 65 who required some kind of DME/HME products, helping them live a comfortable life.

In fact, the DME/ HME products also provide aid:

• Mobility challenged patients who need less physical effort
• Managing a smoother day to day movements
• Maximize function for the mobility challenged person
• Lessening the chance of repetitive strain injuries
• Enable you to have a healthy and stable position

Hence increasing the demand for the DME/HME products.

However, with this huge demand, one healthcare provider still needs experts, as the DME/HME billing has to deal with much more complication like:

• Constant changes in the Centers for Medicare & Medicaid Services, increased complexities of insurance and medical claims.
• Tight credit markets,
• The DME coding process
• Unaware of proper DME/HME billing process, software knowledge
• Denial claims due to incorrect or incomplete documents and many more.

As DME billing can be a tedious and time-consuming task and requires skilled biller and coder with a complete understanding of the industry mandates and also understanding of reimbursement guidelines, including Medicare, Medicaid, and commercial insurance plans as for seamless DME billing processes which includes:

• New patient Entry
• Eligibility and Benefits Verification
• Prior Authorization
• Medical Coding
• Claims Submission
• Rejection Management
• Payment Posting
• Accounts Receivables Follow-up
• Denial Management
• Customer Service

Outsourcing your DME billing or in that case or any medical billing specialties like HME, orthotics and prosthetics, ambulance service billing etc is always the best often.

Today with the increasing demand for the DME/HME market and the expensive labor charges of the billers and coders have given rise to many outsourcing revenue cycle management organization. In fact, there are many outsourcings which are working for more than a decade can not only provide you with a seamless DME billing process but also help you in reducing your operational cost by 70%; along with providing you with a FREE Telemedicine platform to increase the extent of your patient’s intake.