How The Current Situation affecting The DME Billing Process

Today with the present emergency situation, healthcare practices are not only facing an unprecedented crisis but also reimbursement issues too for their HME/ DME billing and other medical billing specialties also. Putting up with a lot of demand, today healthcare providers are ending up with billing and coding errors, shortages of staff, space, and supplies, which is creating a negative impact on patient outcomes. Moreover, the increase in the unemployment rates further brings more billing, coding and documentation challenges than usual.

Encountering severe operational disruptions, healthcare providers are seen delaying or canceling revenue driving elective procedures.
According to a survey done by the PwC, these healthcare problems will be getting worse for the time being before it gets any better. Moreover, the reports additionally stated that 60 percent of finance leaders assumed loss of productivity due to the lack of remote work capabilities. In fact, there will be a rising demand for employee protections like their policies, sick leaves and salary for which 24 percent still do not expect to have a sufficient workforce to accomplish critical work of their DME billing and coding process.
This is why today most of the healthcare practices are seen implementing cost control by freezing discretionary spending, including travel, planned investments etc. Though the profitability of the healthcare practices has not been as robust as previous periods, but financial status of the healthcare providers are about to look a lot different when you have the ideal operational extension by your side. Ensuring a seamless HME/ DME billing operation, these RCM outsourced operational extension also helps you with efficient revenue generation along with reduced billing and coding errors.
Advantage of choosing an operational extension for your HME/DME billing process:

• Reduction in the Overhead cost and operational cost of the healthcare practices – being a cost effective solution, choosing operational extension handling your DME billing services reduces the extra overhead cost, training cost, software charges etc. eliminating a huge amount of money that you no longer have to waste rather you can focus on other important operative area and in technology.
• Complete operational transparency giving your clear DME billing statues– outsourcing helps healthcare providers with a clear picture of their DME billing and coding process with the help of regular reports that highlight important areas that will benefit the healthcare providers and they can focus more on their core work of patients care.
• Reduced in billing and coding errors and Denial rate – reducing your billing and coding errors, operational extension in denial management ensures careful attention. In fact, they have a separate team of expert that ensures every step are followed through stringent check and timely submission.
• Improved your Collections rate and claims follow-up – the main component in choosing an operational extension for your DME billing is for experiencing improvement in the collection rate. With their continuous follow-up and successfully adjudicated on the first submission, translate into faster payment operational extension ensures constant revenue generation.

Helping you with improved DME billing process, an operational extension today in this period of crisis is the key to a seamless billing process and efficient cash flow.