DME Billing Requires Immediate Attention Today

The most difficult task being a provider in DME Billing today is to find a solution to your everyday practice management difficulties. If you want to make an impact in the competitive landscape, cutting your operational costs will be a major boost. It will always be critical to figure out how to settle your DSOs, improve the visibility of your inventories, and obtain your collectibles on schedule.

Finding proper people to take care of your daily practice management demands is a vital need due to the complexity of invoicing systems and issues with payment reduction. Any process flaws might be a big barrier when it comes to tracking your DME business's key performance indicators.

Denial is a major cause of concern in DME Billing

Denial is a typical difficulty that every healthcare professional faces in today's competitive DME billing sector. In reality, $262 billion out of $3 trillion at claims was refused in hospitals across the United States in 2016.

In addition, according to studies conducted and published by Change Healthcare, 2017:

• Approximately 9% of claims submitted are initially refused.

• Typical health institution loses $4.9 million per year due to denials.

• Across the country, hospitals typically spend close to $9 billion in administrative expenditures to recover disallowed income.

• Hospitals may have to refund up to 3% or more of their net patient revenue owing to denials.

Immediate Action is the only solution

Putting together a team that can better handle your front desk:

Finding a dependable, staff experienced in providing niche assistance for all of your needs with order entry, production of sales orders, checking eligibilities, contacting the doctor's office for paperwork, and getting the authorization on time would be fantastic as a provider.

A huge number of DME providers are currently in a bind and lack the resources necessary to overcome their practice management issues. It can be difficult to find a team that understands all of the requirements for claims adjudication.

You may not be able to focus on your care management and patient engagement procedure in most circumstances. A team capable of providing the extra edge with the knowledge of all practice management systems will be a major plus.

Account management skills and easy access:

A good DME billing business understands what it takes to keep up with the industry's ever-changing requirements. Finding a group of billers and coders who are willing to share their suggestions for improving your business is crucial today.

Sunknowledge is a game-changer in the HME/DME billing sector

Sunknowledge takes pride in its high-security standards as a 360-degree revenue cycle management firm. When it comes to your PHI, we strictly follow HIPAA and ICD-10 regulations. Apart from this, we are also keeping a tag on the new ICD-11 guidelines that will be introduced soon. With our involvement, we believe we can increase your collection rate by 30% to 40% in the very first month.

Our collaborative efforts are first-rate, and we start with the goal of eliminating all fatal and non-fatal documentation errors. We collect, collate, and analyze all data from insurance companies, physicians, and your team in order to ensure error-free invoicing.

We optimize your ROI targets as a trustworthy operational extension for just $7 per hour. In addition, as your dependable 3rd party DME billing partner, we assure that all operations are secure. We drive your pre DME billing activities like no other in the RCM space. Starting with:

• Order intake

• Eligibility checks and authorization

• Doctor’s office follow up

To put it another way, we are someone who has the unique ability to do all of your pre-billing work. As well as the typical post-billing activity tasks such as

• Rejection management

• A/R collections

• Payment posting

We will provide a distinct level of flexibility in your daily operations.

Sunknowledge provides the ultimate path for lowering operational expenses, overcoming obstacles related to a shortage of competent personnel, and maximizing ROI. At the end of the day, all you want is a team of DME billers and coders who will work on your accounts consistently and in accordance with the law.

Sunknowledge will provide you with much-needed

• Flexibility in medical billing

• Sharper focus on customer service

• More efficient reimbursement procedure

All of these will help you achieve business greatness.

Finding a full-service DME billing extension like Sunknowledge, helps you eliminate issues with a streamlined method that can assist you in reducing hidden weaknesses in your practice management efforts. It provides you an unmatched platform to manage patients, increase your financial sustainability, and build and expand your competitive reach.