- November 5, 2019
- Posted by: Thomas Anderson
- Categories: DME Billing, DME Billing Services
It is true that there are several performance indicators in the DME revenue cycle. Many DME companies calculate the DSO (Daily Sales Outstanding) for estimating their collections period. It is a clear financial ratio that illustrates how well managed is a company’s accounts receivable.
♦ Also, once the 90th day passes on your AR, it is less likely to get collected. Hence, it is imperative as a provider to ensure the right checks and balances, to do well before the arrival of this dismal date!
♦ Getting paid quicker is the best thing that happens to any business. To do that especially in a HME/DME business, you need to confirm and send the claims as soon as possible post the delivery process. A systematic approach to track and regulate this is one of the only ways to see successful DME companies operate.
♦ Held AR can be the bane of any DME company’s existence. After spending a lot of time in earning an order, supplying equipment and submitting a claim, it is difficult to digest hold of cash flow if it happens often!
The interesting state of affairs with the Competitive bidding process, the opportunities ahead for both non bid winners and bid winners to earn Medicare customers with a market oriented policy is a great relief for a lot of companies. However, as a provider, you need to have the right priorities in place in DME billing.
Sunknowledge Services Inc: A one-stop DME Billing Company
Over the last 15 years, Sunknowledge Services Inc has been a complete medical billing and collections company. We are working as a reliable operational extension for leading DME providers, providing our specialized support that improves their cash flow in the best possible manner.
Our teams of DME billers/ coders are well versed with all the available practice management/ billing systems that are frequently in use. Also, we are equipped to handle any proprietary platform that transforms your collections with a seamless transition approach.
Our stand alone/ End to End DME billing covers:
Services starting at just $7 per hour/ the best and the cheapest rate in the marketplace
♦ Order Entry
♦ Eligibility Verification and Authorization
♦ Doctor Office Follow-up
♦ Order Confirmation
♦ Scheduling of Delivery
Billing & Collections
♦ Creation of Claims
♦ Claims Submission & Rejections
♦ Cash Posting
♦ A/R Follow-up
♦ Rejection & Denial Management
We have the best productivity especially in DME in the whole RCM world! Our team has successfully reduced billing costs by 70%/Increased collections up to 97% by performing task specific activities! Let us share with you, our references, best in class approach on how we can work together and improve your cash flow. Leverage the Sunknowledge opportunity right now!