Time to Transform Your DME Billing Process for A Better ROI

Even though the DME medical billing practices have been here for ages, healthcare providers still experience complications even today for its billing and coding process. Moreover, it is a rising matter of concern especially today due to the Patient-Driven Groupings Model (PDGM) with added COVID-19 emergency regulations, shortage of specialized billers and coders, reduced reimbursements, competitive bidding etc. Though all these problems can be resolved with a specialized trained and certified team of billers and coders the rising labor rates put extra pressure on the healthcare provider’s internal team. This is because High labor costs not only make it difficult to create, train, but also maintain the right team.

In fact, statistics also show employment costs grew 2.6% in 2018 alone and will still rise with the passing years as per the Bureau of Labor Statistics. This is why outsourcing your DME medical billing practices is not only a quick fix but an efficient and cost-effective solution.

How outsourcing your DME medical billing and collection process beneficial?

Taking care of all your backlogs build, turnover surges, outsourcing your DME medical billing process helps in reducing your billing and coding tension while helping you focus more on your core work of patient care. With complete proficiency in DME medical billing tools and industry best practices, outsourcing not only resolves high volumes of claims quickly and cleanly but also helps with better process visibility through robust reporting.

Taking complete responsibility for your DME billing and collection, outsourcing your DME medical billing helps you with reduced operation cost and also eliminating your labor cost including their training, medical benefits or also on-boarding, etc. Reducing your expenses and improving your revenue generation, outsourcing your DME medical billing process saves a lot of time too with speed up collections.

In fact, many outsourcing organizations offer their services as a standalone/ ala carte basis too for the benefits of healthcare providers. With a continuous flow of quality assessment review and complete HIPAA compliance, outsourcing organizations also can uncover additional revenue that would be otherwise unclaimed. However, it may cost less than the total salary, taxes, and benefits of employees.

Also as the rules and regulations of the DME medical billing world are constantly changing, keeping up with all the changes at times becomes challenging and time consuming for the healthcare providers.

This is why outsourcing partner here saves your lot of time as there are always up to date with the latest changes. In fact, with no longer investment in billing software and its up-gradation cost, your healthcare practices no longer have to worry about your billing issues when your outsourced partner is here handling all the financial and billing problems.