Coming to terms with DME billing challenges
Just like most other forms of medical billing, DME billing is faced with its unique set of challenges. The need for expert and trained personnel is of supreme importance, as only the best personnel can do proper justice to the stringent demands of DME billing. The slightest slips can mean loss in revenue for healthcare providers who have submitted claims for reimbursement to various insurance payers. One of the toughest challenges facing the healthcare industry in the US today is finding good and experienced personnel for billing & coding and various other administrative tasks.
In recent years, the pandemic has been the single most potent disruptor. It has forced many out of their jobs or into early retirement. Even as the veil of uncertainty continues to lift, things are returning to normalcy at a snail’s pace. The job market, for example, is still reeling from an acute shortage of skilled labor. Skilled, competent billers have become a rarity. Even if one were to find experienced personnel to take care of DME billing needs, the cost to hire and retain them has increased substantially over the past few years.
Looking for viable alternatives to mitigate the DME billing crisis
In the face of such mounting problems, DME providers are actively looking out for less expensive but still effective means of getting their billing tasks completed. Among the most popular solutions is offshore outsourcing. A rapidly growing number of DME providers are engaging external billers, coders and other revenue cycle management professionals on a contractual basis, most of who are working remotely from faraway offshore locations with remarkable efficiency and economy.
Last but not the least, among the main advantages of outsourcing DME billing, is getting an almost instantaneous access to a ready panel of medical billers, coders and other professionals – all ready to start working as an extension of your operations arm at the drop of the hat. It definitely saves healthcare providers located in the US all the trouble of having to find skilled and competent medical billing personnel, recruit them, train them, provide them with the necessary infrastructural facilities and provide all allied employee benefits.