Is Outsourcing Your DME Billing a More Suitable alternative

In this competitive era where every healthcare provider are looking for a seamless effective revenue generation for their DME billing, whether to outsource medical billing operations or keep the process in-house is the biggest question. In fact, having a complete understanding of Medicare, Medicaid, out of pay and knowing all the industry mandates etc is not the only solution for generating and protecting the revenue for your DME BILLING or any medical billing.

Moreover, with the wages of non-clinical staff who handling the Durable medical equipment (DME) billing front end and back end billing management are rising; the question of outsourcing or in-housing becomes further serious. As a non-clinical staffs get paid more than the federal minimum wage of $7.25 an hour with starting wage between $11 -$15 an hour, according to the 62% whereas 16% said pays wages that are in-between $7.25-$10 an hour along with other training costs, other employee benefits, employee perks are hugely overpriced. Though the salary and the financial aspects depend on the practices management and also factors like age of the business, size of the local labor market, and state of practice finances etc, it still expensive for going for in-house biller and coders.
However, as time is money and in-house billers and coders charge huge be it on an hourly basis or in form of monthly salary, healthcare providers are more looking for outsourcing their DME billing as an effective solution.

• First of all reducing the huge expenses that that is involved in in-house staff's monthly salary, training cost, perks, benefits etc, outsourcing your DME billing process gives you complete transparency. With the help of performance/ robust reporting, outsourcing organizations gives you unparalleled visibility into your billing operations.
• Secondly, it gives you time to focus on your core work of patient care. As in the case of in-house the numbers of staff are less, your DME billing process can be majorly stalled even if one employee gets sick or goes on vacation. However, in outsourcing, it is not the case as there are teams of expert billers and coders handling your billing responsibilities. In fact, Revenue Cycle Management organization also has no cost dedicated account managers for any kind of your medical billing assistances.
• Thirdly enhance your financial status along with seamless billing operation. As it’s the outsourcing Revenue Cycle Management organization job, they are obliged to perform. Apart from this, the experience and exposure outsourcing organization have also helps in delivering the highest productivity metrics.

In fact, there are Revenue Cycle Management organizations that help you enhance your financial status and also reducing your operational cost by 70%. Offering a 99.9% accuracy rate and excellent client’s references these Revenue Cycle Management organizations also helps in reducing your account receivable bucket. In fact, today these RCM organizations are even offering a free telemedicine services in order to increase the volume of your patient intake.