Outsourcing, an Ideal Solution for Seamless DME Billing in This Pandemic Crisis
Today the pandemic crisis has not only lead many healthcare providers to experience severe financial hardship but also the loss of many billers and coders who were supporting their medical billing operation. In fact, in a recent survey, Fifty-five percent of nursing homes now are shown suffering at a loss while 72 percent reporting they won’t be able to sustain operations.
Furthermore, with the rising healthcare cost as well as billers and coders wages are on the rise, it becomes further challenging for healthcare providers in obtaining a seamless billing operation. This is when outsourcing your DME billing operation help.
Though traditionally healthcare practices would handle their DME billing and coding RCM operation activities in-house but over the past few years especially in this present day situation, healthcare practices find outsourcing as a much more convenient option.
Elimination of all the staffing challenges, extra unnecessary spending in billers training cost, software, infrastructure, outsourcing not only helps you with a seamless billing operation but also helps in operational cost reduction. Significant improving your key performance indicators (KPIs) such as DSO, cash flow, 90+ A/R balance, and write-off rates, there is outsourcing organization that puts special attention ensuring 99.9% accuracy rate in all billing and coding process.
Being a consistent and reliable delivery partner of your core RCM services, outsourcing is the ideal alternative especially today when healthcare providers are seen suffering due to lack of experienced billers and coders.
Providing a flexible strong communication and continuous follow-up about your DME billing processes along with benefits like proactive notification of issues, robust reporting etc, outsourcing ensures complete operational transparency.
Helping healthcare providers focus more on the core work of their business which is concentrating on patient care, expanding referral relationships, and driving revenues, outsourcing ensuring the industry best practices helps in seamless billing operation.
Being up to date with billing regulation keeping pace with changes in the DME billing process, there is outsourcing operational extension that is even proficient in working on different billing software like Brightree, Kaeo, DME works and many more.
In fact, today there is operational extension that even offers benefits like:
$1/$3 Million liability insurance support for any errors of omission & commission under HISCOZ/GEICO
No transition cost during your migration from the old vendor
No binding contracts and even first thirty days of free trial