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The best DME Medical billing services at the most affordable rates. PowerPoint Presentation
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The best DME Medical billing services at the most affordable rates.

The best DME Medical billing services at the most affordable rates.

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The best DME Medical billing services at the most affordable rates.

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  1. Outsourcing business processes has seen a lot of press over recent years. • It is a savior for some, while others believe it as an evil job-killing tactic. • While giving managers the ability to concentrate on core business aspects, it has awarded them with a lot more. • Though many areas and functions are outsourced, there are some frequently outsourced areas: • IT functions • Network and Telecommunications • Accounting • Security • Medical Billing • Let’s get into this a little more.

  2. Bikham Healthcare is a leader in providing the most efficient DME medical billing services at affordable costs. • The team is comprised of industry’s best medical billing experts that take care of every step in DME revenue cycle management process. • We employ dual quality check process to ensure that even the smallest error gets eliminated and denials are prevented. • With the 14+ years of unmatched expertise in medical billing we know the ins and outs of the DME billing industry. • Visit our website www.bikham.com to know more about our DME billing services.

  3. DME is an acronym to Durable Medical Equipment that are prescribed to patients to assist in their daily living activities. • A system of DME medical billing services is a specialized solution meant to improve the financial standing of physicians. • This exciting field of testing is a challenging area for insurance reimbursements. • After the patient appointment is complete and a DME item is prescribed, the DME medical billing process starts. • The codes are meant to assist a DME billing company and the insurance company in determining coverage and medical necessity of the services rendered.

  4. International Statistical Classification of Diseases and Related Health Problems, usually called as International Classification of Diseases (ICD) is used in DME medical billing. • Another terminology for codes known as Current Procedural Terminology (CPT) codes is also used for billing DME claims. • ICD is designed as a health care classification system, providing a system of diagnosis codes. • It classifies numerous diseases and includes a classification of a wide variety of signs, symptoms, abnormal findings, complaints, social circumstances, and external causes of injury or disease. • Understanding this coding system and the DME billing guidelines is important in terms of setting up a profitable DME revenue cycle management cycle.

  5. The first step normally starts with collecting information about the treatment procedures and the insurance company with which the patient is aligned. • A billing team then prepares a claim form mentioning the patient details and the treatment details along with the diagnosis specific codes and charges. • The claims are then submitted to the insurance companies via secure portals of clearing houses which verifies the information and if it founds any error or mismatch with the info in its database, rejects the claim and routes it back to the source. • These errors are then rectified and claims are resubmitted via post, electronic means (DME billing software) or via fax.

  6. Insurance companies normally take around 30 days to process the claims after which they make payments for the services rendered. • Payments are obtained via EFT transfer or check, which are received at the provider’s end or the account details provided by the provider at the time of credentialing process. • An AR follows up on the claims which are denied from insurance company’s end and makes sure the payments are received after proper rectification of any errors.

  7. In order to execute this complex DME medical billing process, a team of well trained professionals is required. • Proper identification of services, coding them, getting the claims processed hassle free and advocating them effectively is important. • DME billing services include coding for several kind of medical equipment for which the modifier and diagnosis code combination is different with different payers. • Taking care of all these things at a same time becomes difficult to handle with the increased workload of core and non-core aspects of this facility. • Moreover, the range of benefits that this effective business strategy offers, attracts more and more DME practice owners to go for it.

  8. The cost factor has always remained dominant in making business related decisions, especially where some sort of investment is involved. • A majority of business owners perceive outsourcing as an expensive practice when actually it costs much less than the in-house operations. • You do not have to invest on the recruitment process, hiring and training them and setting up any kind of expenditure to execute business operations. • Access to a skilled knowledge base is available at no extra cost. Otherwise, hiring an expert may cost you heaps. • You do not have to go through the hassle of managing their payroll as there is no in-house employee involved. Therefore, in one or other way, you save on money.

  9. Choosing the right outsourcing DME billing companies is as important as the services you are about to outsource. • Any hastily made decision or wrong choice may result in you paying more than you actually earn. • Selecting right DME billing companies requires patience and something where you need to be extra careful. • There are some companies in the market that overhype their reputation and make fake promises to deliver profitable practices when what actually they deliver is totally something else. • To make this decision making process easier you can consider reviewing their past performances, asking for testimonials from their clients and verifying their work history.

  10. Reduced Costs and Increased Savings: When outsourcing, the costs of hiring, training, managing payroll and investing in the infrastructure get eliminated automatically. • Increased Knowledge Base: When you partner with a DME billing company you get access to an increased knowledge base and skilled professionals. • 100% HIPPA Compliance: Outsourced DME billing companies leaves no stone unturned to secure and maintain the confidentiality of the sensitive patient health information. • Reduced Workload and Improved Business Performance: With reduced workload your in-house staff can work more freely leading to increased productivity and improved business performance. • Timely Reimbursements: With the careful charges and demographics entry, and error-free submission of health claims, the reimbursements process is streamlined and becomes quicker.

  11. US Office 99 Wall Street #158, New York NY 10005 Finance & Accounting :  +1 800-935-0865 General Queries: info@bikham.com Health Care: healthcare@bikham.com`