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It’s very essential to be a provider with government and commercial insurance companies. Your practice needs steady patient referrals not to mention cash flow, but Are you mired down in the provider credentialing processes by making these common mistakes? Whether it’s a simple human error or an inefficient process, making…
How Hospitals Can Improve Their Billing and Collections Processes It’s not uncommon for hospitals to grapple with account resolution problems, and revenue cycle management is an ongoing challenge for even the best-run hospitals. In 2018, many hospitals are struggling to collect payments from not only patients, but insurance companies too.…
New Meaningful Use is defined by the use of certified electronic health record technology in a meaningful manner, ensuring that the certified EHR technology is connected in a manner that ultimately improved the quality of care. This concept of meaningful use was enacted with the American Reinvestment & Recovery Act in February…
Mergers and acquisitions have become a reality in today’s increasingly competitive home medical equipment marketplace. This means smart providers need to understand How M&As work, and how they might ultimately fit into their business strategies? Times are tough for smaller DME suppliers, but the changing healthcare landscape is also impacting…
Pharmacy accreditation is not just about revenue streams it’s also about being able to service your community. Many pharmacies are exploring the issue of accreditation. They wonder: What will it take? Will it be worth the time, effort, and investment? Like other DME retailers, pharmacies that want to sell Medicare-reimbursable…
Getting your DME can be a challenging and time consuming process. Using the following information can help to make the process go a little faster, and reduce the chance of denial of coverage by your health insurance carrier. It is important for you to take charge of getting your DME. …
Reinvention is a transformation into a new form of yourself and your business that always requires changes in your approach. For every argument about sticking to your core mission, there’s a competing philosophy that says you must adapt to the times and embrace change. Your industry and the business owners who…
According to the United States Department of Labor, employment in the medical equipment industry is expected to increase by 27 percent between 2008 and 2018. The demand for durable medical equipment is not going to slow down any time soon. Items you will need Taxpayer identification number National provider identifier…
For anyone dealing with the medical billing and coding aspect of running any size of medical practice, it’s clear that information about medical billing, coding and financial administration is a powerful asset. Expert organizations like Deloitte projected that between 2015 and 2020, healthcare spending will increase from 2.4% to a…
DME suppliers have a target on their backs. It is likely that they are subjected to the most frequent audits of any type of healthcare provider. The CERT (Comprehensive Error Rate Testing) audits seem to be the most frequent. Although DME represents a small percentage of expenditures on healthcare, in 2015…
