How Outsourcing Your HME Billing Process Can help Your Practice

Being different from other industry the healthcare domain is quite diverse and complex for its ever changing regulations. Moreover to successfully managing a healthcare practice is quite demanding, as it not only drains out a lot of resources but also even a single error leads to lapses in insurance verification, medical billing, follow-up, collections, and payments ending with hours of rework consuming your time money and effort.

With the rising problems like billing errors, aging accounts, claims and denial management process, the medical billing business can be stressful for many healthcare providers. Furthermore, the rising employment rate and factors like the complicated billing process, the ever changing regulation can be equally challenging.
Thus today more and more healthcare practices are opting for outsourcing their HME billing process.

Outsourcing is the ultimate solution:

Starting from data entry of patients, submission of claims, eligibility verification, prior authorization to denial management etc, outsourcing the right operational extension not only eases your billing process but also helps your healthcare practices with financial upliftment. Taking care of all your pending A/R’s, rising DSO’s, along with the challenges in managing your inventories, outsourcing operational extension takes the complete responsibilities; making your presence felt in the competitive landscape.

• The better team for your HME billing process - With a dedicated team working and understanding all the needs with claims adjudication and only focusing on the billing activities, the outsourcing RCM organization, in fact, works continuously to make your billing process better. Helping healthcare practices to concentrates exclusively on their core work of patients care, the outsourcing operational extension offers a clean submission with almost a 97% first pass rate. With expert billers and certified coders vigorously work on ensuring 70 percent operational cost reduction, they also have an advantage like robust reporting, no cost dedicated account manager etc.
• Excellent claims management process - As studies have found that 22 percent of the claim that is submitted is often rejected due to callous attitude, not meeting the time deadline, defect in the claim submitted for example, incomplete or incorrect demographic data etc. Outsourcing experts here understanding the effect puts special attention on handling claims management process. Ensuring the right data, stringent checks and continuous follow-up; the organizations ensure the highest collection rate and 99.9% accuracy rates in all the billing and coding processes for your HME billing services. To conclude, outsourcing your HME billing process in this competitive market will not only help you save a huge amount of money but also help transforming your overall HME billing process by eliminate all the proven challenges and efficiently performing both the front and back end billing responsibilities.