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I recently heard that DME suppliers are facing issues with their billing and with the tight margins of the DME industry, many suppliers are searching for ways to bring in extra revenue, and here are the five operational pain points to look into it.1. Reimbursement cuts: Obviously, the biggest pain point…
The market for durable medical equipment (DME) is growing because of the ageing population and an increased desire by patients to stay in their homes. Difficulties with Medicare billing and lower payments are driving many DME suppliers to opt out, with patients paying out of pocket instead. Opportunities for Today’s…
Patient No Shows are the bane of every medical practice, and having strategies in place to reduce them is essential. Nationally, most medical practices without a systematic patient reminder process average 18 to 20 percent no-shows monthly. Even with no-show fees in place (which may or may not get paid).…
On June 20, 2017, The Centers for Medicare and Medicaid Services (CMS) released the 2018 Quality Payment Program (QPP) proposed rule, which proposes policies for the Merit-Based Incentive Payment System (MIPS) and Advanced Alternative Payment Model (APM) programs 2018 to impact 2020 Medicare physician payments. It doesn’t seem that long…
As some providers continue the use of HIEs (Health Information Exchanges) some of the caregivers are turning to the new EHR alternative being offered, called “EHR Lite”. An electronic health record is an electric version of a patients’ medical history that is maintained by the provider over time. It may…
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Every physician knows that online reputation management has always played a huge role in their ability to attract new patients to their medical practice. But as the internet has ushered in the age empowered patients, comparison healthcare shopping, and active social media use, peer reviews are playing a larger role…
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One major problem medical biller’s encounter is when claims are denied for timely filing because each insurance carrier has its own guidelines for filing claims in a timely fashion It’s set by each individual insurance company to which you send claims. This means that if insurance company says that that their…
In the healthcare industry, the clearinghouse you work with has a huge impact on your business. The more efficiently your clearinghouse processes and returns your information, the faster you will get paid, and the more payments you will collect. The healthcare industry continues to grow and transform which has pushed…