Tag Archives: Medical Billing Services Doctors

Are You Avoiding These Patient Collection Mistakes?

Is A/R soaring and becoming unmanageable for your practice?

If the answer is yes, then you need to stop making accounts receivable mistakes and start managing practice collections in a smart manner. According to a survey conducted by the MGMA (Medical Group Management Association), practices generate approximately 25% of their revenue from patient payments. So if your practice is failing to collect these payments on time, you might end up experiencing a significant loss of revenue.

When it comes to the collection of patient co pays and deductibles, medical practices are always caught in the crosshairs. Therefore, it becomes necessary to have an effective patient payment strategy in place so that the workflow of the practice is streamlined.

How can DME Providers Survive in 2018 with Accurate Medical Billing Services?

DME billing is complex in nature- this is something that almost all practices dealing with durable medical equipment will agree with. Quite often, providers get substantial orders for supplies but they fail to recover the expected revenue due to inexperienced billing staff and their inability to work around an effective DME revenue process.

Error-free billing for durable medical equipment is critical because even if one medical device is billed incorrectly, it will result in a loss of thousands of dollars. Also, unlike most clinical procedures, DME billing suffers from various challenges. For instance, DMEs are mostly ancillary services and are often deemed as medically unnecessary. Also, at times, prescribed DME doesn’t meet the permitted reimbursement level and if there is a lack of HCPCS (Healthcare Common Procedure Coding System), then also timely payments become a challenge.