Strategies to Drive your HME Billing ROI

With the recent crisis, last year was one of the most tumultuous years for medical billing and coding staff with extremely high pressure on the administrative side of healthcare as well. In fact, many coders and medical billing staff had to face the issues like changes in the Medicare Physician Fee Schedule to major Medical coding sets. This shift has not only exacerbated the challenges of obtaining accurate clinical documentation and codes but has also shown various billing and coding issues for the majority of healthcare practices; which at times was quite challenging for the healthcare practices to manage and keep a track of. In fact, for instance, CMS has announced a suspension of the Medicare sequesters cuts will last through Dec. 31, 2021, and it will release all claims held since the start of April which only a few practices are aware of. So, managing a seamless HME billing operation is not a simple job.

Strategies to improve your HME billing operation:

· Accurate data capture with proper process knowledge- accurate data capture being an initial point not only lays a proper foundation for a seamless billing process but also a way towards faster collection. Being a front-end task, proper data management lays the groundwork by which claims can be billed and collected in the most efficient and effective manner possible. This is why healthcare practices need to put in extra effort to make errors free data management process.

· Accurate coding input and awareness of new codes – coding inaccuracies have always been a significant challenge for many healthcare practices for ages. It can be of various types of errors like incorrect applying of code, undercoding etc. Coders not only have to be always up to date with the regular coding changes but also keep a track of proper communication with clinicians in order to get the coding right on point.

· Effective claims management process - submitting claims invokes various factors like timely claims submission is a must, continuous follow-up is necessary etc. An efficient claims management process is in fact key towards faster reimbursement.

Working with both payers and providers for more than a decade has not only made us experience but also proficient in the billing and coding process. Identifying the root causes of denials, manage resolutions, and reduce write-offs, our experts further work on reducing your overall operational cost by 80 %.

Improving the key performance indicators, such as days in accounts receivable, our experts further with stringent checks and balances assure a 99.9% accuracy rate.

Taking care of your complete HME billing services, we today are one of the leading RCM solutions with excellent clients across the US.

So call us and get to know how our experts can help you improve your HME billing operation in no time only $7 per hour or starting from 2% of the collection which no other RCM organizations can offer.