- November 10, 2019
- Posted by: Thomas Anderson
- Category: DME Billing
Healthcare providers dealing with DME Billing have a very peculiar tale to tell. Almost all medical practices dealing with Durable medical equipment (DME) will agree that billing is very complex in nature. It is often seen that despite providers get substantial orders for supplies, they do not recover the expected revenue. One of the main reasons is providers’ inability to channel a proper DME reimbursement process into revenue returns. DME billing is very critical and it is in this aspect, the providers lose the plot. Inaccuracy in DME billing is the major reason behind the crisis. One medical device billed incorrectly can result in a loss of thousands of dollars.
DME billing is quite different from billing for other clinical procedures. DME Billing suffers from apparent apathy as unlike most clinical procedures, DMEs are mostly ancillary services. DMEs are often deemed medically unnecessary. In other cases, the prescribed DME does not meet the permitted reimbursement level. The lack of Healthcare Common Procedure Coding System (HCPCS) support is another drawback.
DME Billing has been further hit by regulatory decisions like the Final Rule. Since CMS has made it mandatory to establish a prior authorization process for some DMEs, prosthetics, orthotics, and supplies (DMEPOS) under the Final Rule, the necessity to build a proper prior authorization process becomes an added responsibility for the practice managers. The added complications in the prior authorization process have further affected billing and revenue generation in a negative way.
In such a discouraging scenario, the only hope for DME providers becomes the professional medical billing services like Sunknowledge. We at Sunknowledge help fight the DME billing challenges like insurance approvals, HCPCS, the permissible level for reimbursement, etc.
Sunknowledge with its decade long experience in DME billing services provides you expert billing handlers with firsthand knowledge of ICD-10 coding. Dedicated to your practice, these experts bring vast knowledge on latest requirements and process proficiency. Our DME Billing experts chalk out a holistic solution for your practice through our revenue cycle management and/or practice management solutions.
All these factors streamline your billing process, thereby saving a lot of time and effort, which secures a part of the revenue that you were unable to recover earlier. Partnering with us is always a much better option than spending hugely to train your staff or employ new employees with high salary. We have made it easy for you to choose us through our extremely low services charges and flexible work pattern.
Here’s a small list of the Sunknowledge Services Inc. advantages for you:
♦ 80% Reduction in Billing Costs
♦ Dedicated account manager
♦ Low fee standalone services at $7 per hour
♦ 99% accuracy
♦ Increased revenue collection up to 97%
♦ Unsurpassed speed
♦ No binding contracts
♦ 100s of clients with excellent references
♦ 100% HIPAA Compliance
♦ Fully supported by Hiscox Insurance
♦ 100% client retention
♦ Daily/Weekly/Monthly customized reports
♦ Clients’ legal issues handled by Nixon Peabody
♦ Free telemedicine platform
So, it’s time to get over your DME billing setbacks and get in touch with us at the earliest.