Uploaded on Jun 10, 2020
With the rise in the number of aging patients, market for durable medical equipment is expanding. It is also growing because patients now desire to stay in their homes. It is expected that the global durable medical equipment market will display growth by a CAGR of 6.14% during 2018-2023. But if effective billing practices are not in place, then getting paid will become a challenge.
                     Error-free Billing for Durable Medical Equipment in Michigan
                     Error-free Billing for Durable Medical Equipment in 
Michigan
http://www.247medicalbillingservices.com     
Error-free Billing for Durable Medical Equipment in 
Michigan
With the rise in the number of aging patients, market for 
durable medical equipment is expanding. It is also growing 
because patients now desire to stay in their homes. It is 
expected that the global durable medical equipment 
market will display growth by a CAGR of 6.14% during 
2018-2023. But if effective billing practices are not in place, 
then getting paid will become a challenge.
Error-free billing for durable medical equipment is critical 
because even if one medical device is billed incorrectly, it will 
result in a loss of thousands of dollars. Also, unlike most 
clinical procedures, DME billing suffers from various 
challenges. To maintain a steady cash flow, it is necessary to 
have an expert team that handles audits, claims submission
, follow-ups and so on. DME billing setbacks can be dealt 
with ease and billing costs can be reduced by 80%. 
http://www.247medicalbillingservices.com     
Error-free Billing for Durable Medical Equipment in 
Michigan
By hiring a reliable billing partner, Billing companies also 
ensure 100% HIPAA compliance along with offering monthly 
customized reports Quite often, providers get substantial 
orders for supplies but they fail to recover the expected 
revenue due to inexperienced billing staff and their inability to 
work around an effective DME revenue process.
For instance, DMEs are mostly ancillary services and are often 
deemed as medically unnecessary. Also, at times, prescribed 
DME doesn’t meet the permitted reimbursement level and if 
there is a lack of HCPCS (Healthcare Common Procedure 
Coding System), then also timely payments become a 
challenge.
Since DME Billing Service Provider has also been hit by 
regulatory changes such as the Final Rule, having a team of 
expert billers and coders has become a necessity. 
http://www.247medicalbillingservices.com     
Error-free Billing for Durable Medical Equipment in 
Michigan
CMS has made it necessary to establish a prior authorization 
process for some orthotics, DMEs, prosthetics, and supplies 
under this rule. 
Now practice managers have to build a proper prior 
authorization process which is quite time-consuming. 
Complications involve in creation of this process affect 
revenue generation and billing in negative manner.
Considering the challenges 2018 is posing for DME Billing 
Services, seeking support from a professional billing company 
is the only hope. From navigating through difficulties in 
insurance approvals and permissible level of reimbursement to 
HCPCS, a reliable billing company will have the expertise and 
experience to help practices fight common DME billing 
challenges.
http://www.247medicalbillingservices.com     
Error-free Billing for Durable Medical Equipment in 
Michigan
About 24/7 Medical Billing Services:
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.
Contact: 
24/7 Medical Billing Services
Tel: +1 888-502-0537
Email: [email protected]
http://www.247medicalbillingservices.com      
                                          
               
            
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