DME Billing Services- Major Changes Expected in 2020

1
DME Billing Services- Major Changes Expected in
2020
info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
2
DME Billing Services- Major Changes Expected in
2020

• DME Billing Services- Major Changes Expected in
  2020
• DME billing is vastly different from other
  medical billing procedures. To carry out the
  process of DME billing efficiently is a tedious
  task. It requires a lot of in-depth knowledge of
  all HCPCS(Healthcare Common Procedure Coding
  System) level 2 codes. The nature of
  reimbursement is also quite complex. However,
  after coding, the invoice documents Catalog needs
  to be compelled for electronic claims submission.
• Read More

info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
3
DME Billing Services- Major Changes Expected in
2020
Missing documents can result in delays or
negation of payment. So, you need expert DME
billing services to claim codes correctly. Post
medical coding, the claims need to be submitted
to the insurance company. Thus, a reliable and
professional medical billing company ensures
correct and timely filing for accurate claims.
DME billing requires high-grade coding by
experienced coders. The most DME items have
appointed codes which are known by the
experienced coders only. Looking for a Quote?
Let's Connect http//www.247medicalbillingservices
.com/blog/dme-billing-services-major-changes-expec
ted-in-2020
info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
4
DME Billing Services- Major Changes Expected in
2020

• Major Changes Expected In DME billing Services in
  2020
• It is expected that the Durable Medical Equipment
  industry might see a massive jump in market size
  in the upcoming years. A new study reveals that
  the global DME market may reach 246.6 billion
  dollars by 2026.
• The current segmentation in the global DME market
  is based on device type, end-user, and region.
  The hospital and clinic segment will again
  capture the largest market share. The reason
  behind this is the higher influx of patients to
  hospitals with greater financial spending.
• The rise in competition between DME billing
  service providers is on a different level. The
  radical technological advancements in the medical
  sector all over the globe are also increasing the
  number of players in the market.

info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
5
DME Billing Services- Major Changes Expected in
2020

• North America dominated the DME market and will
  continue to do so. The foremost reason the United
  States being the largest contributor to its
  revenue. The USA has such a stronghold on the
  market that more than 40 of global DMEs are
  from a single country. In the coming years, they
  will retain and continue to dominate the market.
• In the device segmentation of the Durable Medical
  Equipment, the therapeutic and monitoring devices
  are estimated to grow at a higher pace than
  others in the coming years.

info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
6
DME Billing Services- Major Changes Expected in
2020

• A 6 CAGR(Compound annual growth rate) between
  2019- 2025 is expected in the DME sector by the
  latest MRFR( Market Research Future Report).
• The DME billing outsourcing services will
  continue to adopt better Revenue Cycle
  Management. Furthermore, adding to changes in
  Evolution and Management coding (EM coding) in
  2019 to reduce complexity and facilitate quick
  reimbursement.
• Looking for a Quote? Let's Connect
  http//www.247medicalbillingservices.com/blog/dme-
  billing-services-major-changes-expected-in-2020

info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
7
DME Billing Services- Major Changes Expected in
2020
Adoption of better Electronic Health Record
software and vendor will give a hassle-free
passage to the clients. The market is getting
bigger for DMEs. The demand for the equipment is
creeping up due to various healthcare initiatives
all around the globe. However, the billing
services are still a big issue for the patients.
Expert, reliable accurate outsourcing billing
services come into the picture here to provide
them relief and ease the burden on them.
info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
8
About us

• 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.
• Our company was founded in 2005 and is now a
  leading organization of highly motivated and
  certified coders billers in the US medical
  billing industry. Our current employee strength
  is 500 and we have ambitious plans to grow more
  rapidly.
• As a leading Medical Billing Outsourcing Company
  we take care of the complete setup enrolment in
  about one to four weeks time depending on the
  complexity of the project. We have certified
  trainers with 10 years of experience to train
  the newcomers so they can get acquainted with the
  specialty jargons stay updated with the recent
  coding developments.

info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537
9
Contact us

• 24/7 Medical Billing Services
• 16192 Coastal Hwy,
• Lewes, DE 19958
• USA
• Phone no
• 1 888-502-0537
• Email Address
• info_at_247medicalbillingservices.com

info_at_247medicalbillingservices.com
http//www.247medicalbillingservices.com/
888-502-0537