To effectively run an organization strong economical aspect is needed. For which one has to focus on generating a strong Revenue Cycle Management approach. With least errors in your DME billing, account receivables a great difference can be created in the RCM process for strong cash flow.
4-factor creating difference in DME Billing:
Eligibility verification- A lot of patience and accuracy needed in this process. Documentation error can only delay the procedure. This will only add up more time and even cost more, for the simple impractical mistake. This in the longer run will affect the whole revenue cycle in general.
Trained resources- Trained people must be hired for the medical billing process. One working in a medical billing industry should always be updated, with information and changing trends of the industry. If one is not aware of the trends and regulations DME service can see reimbursement rate drop, by 50% at any given time.
Updated software practice –People have to be trained in using different software for coding. They need to be well versed with their work for efficient output. In case of entering outdated code can lead to rejection or denial claim. This again ends up losing time and money.
Successful claims management – According to the American Medical Association study, about $14,600 is wasted each year rectifying denial claims. Follow up is an entail part in a medical billing process. To have fewer backlogs in denial claims, one must immediately response within 24-48 hr after receiving an era.
Sunknowledge Service Inc the best option for your DME billing partner:
- Operational transparency with seamless transitional capabilities
- Guarantee collections of up to 97% even from aging accounts receivable.
- Instant reduction of 80% in your operations cost
- 30% Reduction in AR bucket from the 1st month of the service.
- Customized reporting on a daily/weekly/monthly basis according to the provider’s needs.
- 99% billing and coding accuracy
- No, write-offs or adjustment on claims without your consent
- Dedicated account managers with identities providing you end to end support
- Additional sale support
- No binding contracts
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For more information talk to our expert over “no commitment call” and get an innovative approach for your seamless cash flow. Call us!
