A Guide to Resolving Your DME Billing Concerns

Billing issues are an unavoidable problem in the medical billing field. Furthermore, as healthcare costs rise and billing rules and regulations change, the challenges of managing day-to-day DME billing operations and other billing practices become more difficult for healthcare providers.

Global Data Report:

According to a Global Data Report, the global orthopedic market was nearly worth $48.4 billion when the pandemic began. It lost nearly $4.8 billion in revenue from the start. The Global Data Report also suggests that the overall market growth rate in 2020 will be around 10%, or $43.6 billion, due to a drop in elective surgery rates. Last year, between 15% and 30% of elective surgeries were canceled.

Many firms predict that the volume reaching 2019 will not occur even by the end of this year. The pandemic also caused a shift in the location of care from inpatient to outpatient ASCs. The situation is no different in the DME market. The entire DMEPOS market is concerned, and it requires improved logistics as well as billing mechanisms that can maximize reimbursements.

Many resources are deficient in proper DME billing training, which can decrease a supplier's chances of earning more in the long run. Furthermore, DME billing companies are in high demand as every provider seeks to secure better payments and hire less expensive resources.

Finding the right team that can provide support across all medical billing software and eliminates process gaps in DME billing codes with specialized intervention, on the other hand, can be difficult. It all boils down to finding a superior RCM destination that can maximize your ROI as a provider while adhering to the DME billing guidelines of 2021.

How to Select the Best DME Billing Vendor?

The best course of action will be to hire a competent partner who provides resources with comprehensive DME billing training. If you find someone versatile across all:

· Medical billing software

· Understands all DME billing guidelines

· Provides streamlined support

Then it can be stated that you might have found the ideal partner.

Referrals from clients:

· What is their track record in the market?

· Are they working with clients who have some clout in the market?

· Can they handle any volume and treat all business entities the same?

· Do they handle all accounts, regardless of size or source?

You must have specific responses to each of them. Only then can you determine whether your vendor is capable of handling your DME billing issues.

Front-end and back-end flexibility:

Many DMEPOS providers are currently experiencing front-end problems. In reality, issues with inventory management, order entry and confirmation, and prior authorization all set the wrong collections standards in the long run. Finally, all you need is someone to assist you in better focusing on patient care.

Pricing and communication standards:

Reducing your overall operational costs is something to be concerned about! Finding someone who can provide you with dedicated resources at next-door prices will be beneficial. All you need is a method to have specialized vendors handle your DME billing issues as a dependable operational extension.

Sunknowledge is a DME billing management specialist:

Sunknowledge Services Inc caters to all of your outsourcing RCM needs. It is one such operational extension that focuses primarily on all pre-billing and post-billing activities. This way it makes sure not only a smooth billing transaction but also a faster reimbursement rate.

Sunknowledge's overall goal is to deliver unparalleled support and accelerate client’s business towards success. We specialize in delivering efficient revenue generation while lowering the operation costs of all clients by 80%.

Our expert billers and certified coders take care of your entire pre-billing and post-billing, back and front-end services. They also work on reducing the rate of claim denial and rejection, as well as continuous follow-up and faster reimbursements. Indeed, with extensive billing software knowledge such as:

· Brightree

· Fastrack

· Kareo

· Futura

· OPIE

· DME works

And many others, our experts work on proper HME/DME billing management at a low cost.

What makes us so Unique?

Unlike any other RCM vendor in the healthcare industry, our team can assist remotely during pandemic. Whereas most other RCM vendors are struggling to meet their productivity targets, we continue to set the industry's highest productivity benchmarks. Our dedicated resources can provide unrivaled and uninterrupted 24x7 supports to all of our HME/ DME clients.

Hence to conclude, a good DME provider will be on the lookout for viable vendors who can help them improve their revenue cycle management efforts through a consistent presence. A dependable partner like Sunknowledge understands how to take it to the next level. The Sunknowledge Services team not only manages the complete end-to-end DME billing process but also makes sure long-term profitability.