Uploaded on Apr 14, 2023
Call us today to talk about what you need to know about DME credentialing, and we can discuss your difficulties regarding billing. Read More: https://bit.ly/3oeJpNS
Credentialing For DME Companies
Credentialing For DME Companies
Durable Medical Equipment (DME) is equipment that includes oxygen supplies, wheelchairs, iron lungs,
catheters, etc. As you are starting a Durable Medical Equipment (DME) company, be prepared with time on
hand, money, endurance, and determination; as it ultimately boils down to being paid for the products sold by
your company. This means receiving DME bills from clients (patients/healthcare providers) and accepting the
insurance, billing the insurance, and finally receiving payments for the DME billing from the insurance
provider- is called Credentialing For DME Companies.
DME business also referred to as Home Medical Equipment business is replete with potholes along the way
which need to be cleared. One of them is ‘Provider Credentialing.’ Credentialing simply denotes verification. It’s
also known as DME credentialing, DME medical credentialing, DME provider enrollment, insurance
credentialing, or getting on insurance panels. These terms imply that the patient is going to pay through
insurance and your company is “In-Network” with the insurance companies. And, as you go on to be accepted
as a provider (post credentialing), receiving payments of DME billing through this process is known as an “In-
Network” provider. It also implies acknowledging more clients along with on-time and accurate payments.
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Credentialing For DME Companies
There are a number of companies through which a DME company can/should be credentialed; government
organizations like Medicare, Medicaid, or Tricare, and other big players (commercial insurance) in the market
such as Aetna, BCBS, UHC, Cigna, etc. Smaller companies could be targeted too as they have immense potential
with respect to a greater number of clients and comprise lesser competition.
DME Credentialing Process:
1. Obtain an office space.
2. Acquire a business bank account.
3. Obtain a business organization and a set location.
4. Organize all documents: Information on a license, background, insurance, and resume. Also, double-check
that the application has been signed, dated, and holds a legal document- Unique Federal Tax ID#.
A DME provider credentialing usually takes around 90 to 120 business days for 8-12 carriers. This is the stage
for approval and denial. Post credentialing, you move towards ‘Contracting’ which states your eligibility to be in
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Credentialing For DME Companies
the network of insurance providers. Here, the insurance company sends a contract to be read and signed by
you and the doorway to the network occurs in the next 30-60 days.
Note: Centers for Medicare and Medicaid Services (CMS) approved 10 national accreditation organizations that
will accredit suppliers of durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) as meeting
new quality standards under Medicare Part B. In order to enroll or maintain Medicare billing privileges, all
DMEPOS suppliers (except for exempted professionals and other persons as specified by the Medicare
Improvement for Patients and Providers Act of 2008) must comply with the Medicare program’s supplier
standards (found at 42 CFR §424.57 (c)) and quality standards to become accredited (www.cms.gov).
Understand that no insurance company acknowledges preceding claims before acceptance in the network.
Hence, it is always better to start the credentialing process early to avail of benefits and reimbursements.
You can choose our outsourced DME billing and coding services and we would take care of the complete range
of billing and coding responsibilities for you, including preparing claims using appropriate DME codes and
modifiers and other medical details, submitting them, and following up with insurance authorities for their
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Credentialing For DME Companies
timely reimbursement.
Call us today to talk about what you need to know about DME credentialing, and We can discuss your options.
For all questions and further information about Durable Medical Equipment (DME) Billing Services , reach out
to us at 888-357-3226 or at [email protected].
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