Administrators of Durable Medical Equipment (DME) billing know the hardships that they face on a daily basis. The tedious and time-consuming task of getting the billing right is not for the faint of heart.
It requires, among other things, an in-depth knowledge of the ins and outs of the reimbursement rules for Medicare, Medicaid, and Commercial Plans, as well as their admonishments.
By employing the services of a DME billing company, your practice is guaranteed to stay abreast of the latest changes that are made regarding repayment regulations, coding, and document prerequisites. When you do decide to make use of these practice-saving services, you choose to take your practice to the next level.
Fortis DME billing services for healthcare providers, for example, is able to have its billing team focus exclusively on the filing of claims, easing the pressure on your in-house teams, thus allowing your practice to focus more on what really matters – your patients.
Freeing up teams and doctors allows your practice to spend more time doing what it does best and leaving your billing practices to the professionals.
Let us now take a look at some of the benefits and advantages that your practice stands to gain from letting the billing professionals do what they are great at.
Advantages of Outsourcing your DME Billing
- Greater Control
It is a common misconception that once you hand over your billing to an outside company, you start to lose control of your business processes. This simply is not true. By handing over your billing practices to an outsourced company, you are letting the professionals in their field do what they have been trained to do.
By handing over your billing, you are freeing up more time to focus on improving your practice or spending additional time serving more patients than you had the capacity to previously.
- Increased Revenue
Hiring a professional billing service takes the headache out of training someone, paying their salary, dealing with their taxes, as well as any compensation due for a turnover. This can be an expensive endeavor that may well turn out to be a failure at the end of the day.
Save your practice the unnecessary and undue expenses of having to go through this process. It is a better idea to let the professionals deal with it at a fraction of the cost.
- Improved Customer Service
Customer satisfaction is the cornerstone of any successful business, and this industry is no different. Without repeat customers, your business is likely to fail and fast. When a patient calls to discuss their DME billing, a seasoned DME billing professional will be on hand to answer any and all questions. This is going to take a huge amount of pressure off your staff.
These medical representatives are fully equipped and able to handle questions or complaints and provide services without the added pressure of dealing with an immediate trauma case or trying to run an ED at the same time.
- Better Safety
Rest assured that outsourcing your billing processes to a third-party service provider is something that is completely safe, rest assured. The billing process is completely transparent and is well-established. After all, the outsourcing of DME billing is not a new concept.
Most services these days are HIPAA compliant and are 100% safeguarded against hacking attempts. You can rest assured that your confidential records and those of your patients are stored securely and that the data remains confidential at all times.
The most well-regarded outsourcing providers, such as the durable medical equipment billing solutions from Fortis, have the desired security measures in place, including the infrastructure, to provide a place of safety and security for your medical billing operations.
- Constantly Changing Regulations
Within the medical industry, the billing rules are constantly changing, and keeping abreast of these changes can be a full-time job. Keeping up with these rules can be a daunting and time-consuming task. Your outsourced billing professionals should be constantly up to date with any changing regulations that affect your business.
The changing rules and regulations are managed appropriately by your billing professional, keeping them on the button regarding the latest changes and how they affect your business. By having someone else do it, you are able to have more free time to focus on your business’s operational needs and requirements.
- More Patient Time
More time for you means more time that you get to spend serving your patients. By outsourcing your billing needs to a third party, you are essentially buying yourself the most precious asset that exists – time.
More than that, it just makes good business sense to have more time to invest in building your practice and furthering your business. Giving you more time to focus on your core competencies and patient care.
- Avoid Over and Under Billing
This is a double-edged sword: the practice of billing using the highest codes may be flagged by your PPO or Medicare, while on the other hand, underbilling is straight-up costing you cash. If you do happen to get flagged for the potential of overbilling, you are going to have to pay a hefty penalty and be up for an audit.
DME billing companies such as Fortis have the qualified professionals necessary to correctly handle all your coding issues. They are able to determine your precise billing rate while at the same time, they are able to optimize the cash flow of your business. If no other advantage is good enough for your practice, this one should be the one you take to the bank.
Navigating through the complexities of DME billing is a time-consuming practice and is one that is better left to those with specialization in the field. Your talents and skills should be used to their fullest potential, and that does not require you to do the billing.
You are an expert in your field and are treated as such. So why not extend that same courtesy to other professionals as they help your practice grow as you do?
