Top Reasons for Revenue Leakages in Durable Medical Equipment (DME) Billing (1)

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Top Reasons for Revenue Leakages in Durable
Medical Equipment (DME) Billing
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• Top Reasons for Revenue Leakages in Durable
  Medical Equipment (DME) Billing
• Revenue leakages are a major concern in the
  healthcare industry. They are the difference in
  the claimed amount that healthcare providers are
  entitled to receive versus the amount of the
  reimbursement they actually receive. This
  phenomenon is especially common in the Durable
  Medical Equipment (DME) billing coding industry
  because of the inherent cumbersome nature of DME
  billing.
• Read More

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3
Top Reasons for Revenue Leakages in Durable
Medical Equipment (DME) Billing

• As per the Harvard Business Review, the top
  hospitals have lost hundreds of millions of
  dollars of income due to revenue leakages.
• As per American Hospital Association, all kinds
  of U.S. hospitals reported approximately 620
  billion in uncompensated care costs since 2000.
• Looking for a Quote? Let's Connect
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  al-billing-services-at-only-usd-8-per-hour/

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Top Reasons for Revenue Leakages in Durable
Medical Equipment (DME) Billing

• Top reasons why revenue leakages happen in DME
  billing and coding
• Denial of claims 20 of all revenue loss is due
  to denial of claims. Claims can majorly be denied
  if
• Demographic Information of the patient is
  incomplete.
• Information is missing or invalid.
• Medical Necessity of DME usage is not clearly
  mentioned.
• CPT code, Modifier, PIN, or NPI is incorrect or
  missing.
• Duplicate claim or service is found.

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Top Reasons for Revenue Leakages in Durable
Medical Equipment (DME) Billing
Inaccurate codes Another common reason for
revenue leakage is incorrect coding of
accessories or equipment. Only when the DME
biller identifies the right HCPCS level II codes
and sends over the claim with authorization
paperwork, the insurance company will pay the
claim. Non-compliance All the guidelines laid
down by the Health Insurance Portability and
Accountability Act (HIPAA) and the Office of the
Inspector General (OIG) must be followed to the
last bit in order to prevent complete rejection
of your claims and thereby leakages in revenue.
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888-502-0537
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Top Reasons for Revenue Leakages in Durable
Medical Equipment (DME) Billing
Lack of real-time monitoring Theres no
substitute to correct and real-time data. If
thats not available and there are discrepancies
in your data, be sure of major revenue leakages.
Why? Because without real-time data, decisions
will not be backed up by accurate data. For
example, if the insurance policy does not cover a
specific treatment, this can be communicated to
the patient and the provider beforehand so that
there are no issues in the DME billing. Incorrec
t data Inaccurate data entry in the database can
give rise to mismanagement of funds and thereby
revenue leakage. Until the data is meticulously
collected and analyzed by experts, error-free
billing is a distant dream.
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Top Reasons for Revenue Leakages in Durable
Medical Equipment (DME) Billing

• Failure to Follow-up Failure to follow-up
  regularly can sometimes lead to non-payment of
  claims. If theres a delay or the claims are
  outrightly rejected, DME billers need to follow
  up or resubmit the claims to avoid revenue
  leakage.
• Lack of expert guidance By now you know that DME
  billing is an exhaustive process and must not be
  handled without expert guidance. Revenue leakages
  mainly happen when non-professionals venture into
  it and do not adopt DME billing outsourcing.
  Billing professionals can help you avoid errors,
  identify loopholes, get payments on time, manage
  denials and rejections of claims, and streamline
  the entire billing process so that you receive
  the payments you deserve.

info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
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Top Reasons for Revenue Leakages in Durable
Medical Equipment (DME) Billing

• The first step to avoid all forms of revenue
  leakage in DME billing and coding is to identify
  the loopholes. By giving the process in the hands
  of experts, you ensure that youre focusing on
  what youre best at treating patients, which by
  the way will lead to revenue generation in the
  long run.

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888-502-0537
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About us

• We are a medical billing company that offers
  24/7 Medical Billing Services and support
  physicians, hospitals, medical institutions and
  group practices with our end to end medical
  billing solutions. We help you earn more revenue
  with our quick and affordable services. Our
  customized Revenue Cycle Management (RCM)
  solutions allow physicians to attract additional
  revenue and reduce administrative burden or
  losses.
• Our company was founded in 2005 and is now a
  leading organization of highly motivated and
  certified coders billers in the US medical
  billing industry. Our current employee strength
  is 500 and we have ambitious plans to grow more
  rapidly.
• As a leading Medical Billing Outsourcing Company
  we take care of the complete setup enrolment in
  about one to four weeks time depending on the
  complexity of the project. We have certified
  trainers with 10 years of experience to train
  the newcomers so they can get acquainted with the
  specialty jargons stay updated with the recent
  coding developments.

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888-502-0537
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Contact us

• 24/7 Medical Billing Services
• 16192 Coastal Hwy,
• Lewes, DE 19958
• USA
• Phone no
• 1 888-502-0537
• Email Address
• info_at_247medicalbillingservices.com

info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537