- July 6, 2020
- Posted by: Thomas Anderson
- Category: HME Billing
One of the biggest challenges today with a lot of HME provider is to find ways to curb their improper payments. A lot of suppliers now look for ways to improve their RCM efforts with the help of a reliable outsourcing partner.
A quality vendor that offers HME billing support helps providers to reduce challenges in practice management by working as a complete extension to their existing operations. It helps a lot of provider to find a blend of excellence and experience in their HME billing process that can transform their cash flow in the best possible manner.
Improper payments a big worry area in HME billing
The latest rate of improper payments especially for Power mobility devices used for homecare stands at a whopping 47%. A lot of it happens due to lack of documents, sending the right information to the providers that can help in proving the medical necessity.
Hence, it is well understood that the challenge lies in finding the right balance with pre billing efforts and doing all that is required to streamline the functions with eligibility verification, prior authorization, order entry and doctor’s office follow ups that paves the way for a cleaner claim submission.
Finding a partner that can transform your HME billing
In many ways, a reliable partner that can handle all your practice management worries in HME billing will be a huge bonus. The right partner can seriously add value by working as your operational arm, offering you dedicated support that can eliminate proven challenges and perform responsibilities in post billing with denial management and accounts receivable collections ad payment posting.
Also, it becomes pertinent to find a partner that can reduce your everyday expenses, make things easier for you to focus on core responsibilities of patient care. At the end, all you want is to get paid consistently for the services that you have rendered as a HME supplier.
Outsourcing of HME billing gives you the perfect benchmark to make sure that you reduce your costs of everyday operations as much by 70%. Also, it improves your rate of collections with experienced resources working only for you and offering seamless communication standards.