Powerful Ways to Cut Your DME Billing Labor Cost without Losing Quality

The Durable Medical Equipment (DME) industry is expensive, but the labor cost does not have to be! With increasing demand for various equipment, DME billing costs are rising. Providers like you are understaffed and under pressure to retain workers and revenue at the same time.    

Fixed or increased labor costs can affect your business both financially and functionally. To crush this possibility, let us explore their origins before working towards a solution.   

Looking Back at DME Billing Labor Cost   

The U.S. has added 10 million jobs since 2010, tightening the labor market and increasing labor costs. According to the Bureau of Labor Statistics, employment costs rose an average of 2.1% per year from 2010 to 2016, with a 2.5% increase in 2017. The problem is a constant one.  

Furthermore, economy-wise inflation grew by 12.4% between 2021 to 2023 – more than two times faster than Medicare reimbursement rates for hospital inpatient care. DMEPOS is one of the most affected areas.   

The increasing aging population and chronic conditions are increasing the demand for durable medical apparatus. However, providers are stretched thin by reimbursement cuts from the industry’s major payors. In turn, these providers face ridiculous pressure to reduce labor costs while retaining the quality of operations.    

What can you do to battle with these rising costs?   

Well, most of the providers are turning to a more economical and effective solution viz. outsourcing.   

The Case for DME Billing Outsourcing 

 
Are you wondering why most of the providers prefer outsourcing? Well, a genuine revenue cycle management partner like Sunknowledge Services Inc., can transform your overall organizational performance.    

You can maximize the potential of your billing operations with the aid of the leading RCM solution that is transforming healthcare billing.    

Our state-of-the-art solutions are very effective and cost-effective without compromising standard metrics or productivity. We are always up-to-date and error-free, thanks to frequent payor and provider audits, top-tier certifications in cyber security, and HIPAA compliance. This means that you will receive a higher ROI and more seamless billing procedures.    

Because major health insurers have provided us with continual training, we have been ahead of the curve for over 14 years. We oversee claims across more than thirty specialties, including Orthotics & Prosthetics, Cardiology, Podiatry and more, with unmatched accuracy.    

We offer you a comprehensive billing and coding service. With a commitment to precision and efficiency, we can empower your practice to navigate the intricacies of DME billing, ensuring accurate reimbursements and allowing providers to concentrate on high-quality care.