How To Reduce DME Billing Backlogs?

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How to Reduce DME Billing Backlogs?
Have you submitted your DME claims? If yes, count
down begins! 1, 2, 3, and so on. You will also
be counting down the days until you receive
payment once your DME medical practice submits a
claim to the payer. Of course, you must ensure
you receive the payment as soon as possible, as
delays will cost your hospital or medical
institution thousands of dollars. But what causes
your payment turnaround time to increase? Or why
are there DME billing backlogs? Account
receivables should be cleared in less than 30
days. However, there are times when payments are
delayed. There are several reasons why a payer
takes so long to make a payment. Some of the
reasons are as follows
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How to Reduce DME Billing Backlogs?
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How to Reduce DME Billing Backlogs?
It is essential to reduce the DME billing
backlogs or the time it takes to process accounts
payable. Here are some of the strategies that can
be opted to minimize the DME billing
backlogs 1. Determine Denial Claims Pattern
2. Examining Patients' Overall Records 3.
Overhauling Software 4. Uncollectible Claims
5. Track down the Bills That Were Never Sent
Denials are the leading cause of increased
backlogs and aged claims. Every DME billing
denial results from a specific reason or an error
committed at a particular point. Examples of such
errors include DME medical coding errors, failing
to understand the terms and conditions of an
insurance provider, failing to follow up with
patients regarding documentation, and so on.
Identifying patterns in denial claims, mainly if
similar errors occur repeatedly, can be
beneficial.
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Outsource a DME Billing and Coding Company!
Have you tried all of the above strategies and
still failed to collect payments on time? Do you
require powerful resources to reduce your DME
billing backlogs cost-effectively? If yes, then
you need a professional solution. Outsourcing a
DME billing and coding company such as 24/7
Medical Billing Services is always wise to help
you deal with backlogs and old aging claims.
Their experts will track outstanding receivable
balances, investigate denials, and provide
periodic reports on pending claims. They will
also ensure that the insurance companies receive
and file your claims correctly the first
time. Expert DME medical coding audit will create
a plan based on your DME business model as they
have the necessary skills. They can genuinely
assist you in identifying potential points of
failure and emphasizing your advantages.
Outsourcing your accounts receivable is thus a
viable option that should be considered if
necessary.
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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.
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Contact Us
Media Contact 24/7 Medical Billing
Services Georgia 3001 Greenfield Drive, Marietta
GA Ohio 28405 Osborn Road, Cleveland, OH
4414030068 Texas 2028 E Ben White Blvd,
240-1030 Austin TX, 78741 Delaware 16192
Coastal Highway, Lewes, Delaware 19958, United
States Phone no / Fax [phone]
Email us info_at_247medicalbillin
gservices.com
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