Title: Streamline your DME Billing with MBC
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2Streamline your DME Billing with MBC
All the healthcare providers are searching for a
streamlined DME billing operation team that may
handle their DME billing process without much
hassle. According to MarketWatch, the worldwide
marketplace for Durable Medical Equipment
(DME) is predicted to achieve up to USD 246.6
billion by the year 2026. This rise is predicted
because of the advantages that DME products like
a wheelchair, nebulizer, canes, crutches,
walkers, etc. wear peoples. except for making
patients life easy, the DME products also help
these patients live a life without much pain
making them independent. Besides the above
benefits, technological advancement within the
DME medical equipment is additionally other
reason for the increase of the DME market and in
fact, the rising geriatric population. As old
people are more prone to chronic diseases,
requiring extended care that involves more of the
DME products for leaving a simple life. As per
the report, the worldwide DME market is
fragmented supported the tip user, region, and
device type. With reference to device type, the
market is further divided into therapeutic and
monitoring devices, medical furniture and loo
safety devices, and private mobility devices.
Sub-segments of the therapeutic and monitoring
devices market include nebulizers, infusion
pumps, oxygen equipment, blood sugar monitors,
and other devices.
3Streamline your DME Billing with MBC
DME market from therapeutic and monitoring
devices is predicted to grow at a high rate
during the estimated period. the non-public
mobility devices market segment is split into
scooters, walkers and rollators, door openers,
wheelchairs, and other devices. This segment is
anticipated to carry a serious share of the
worldwide market in 2017. The Medical furniture
bathroom safety devices market is segmented into
commodes toilets, and bedding mattresses
devices. However, because the demand for the DME
products is rising, all the healthcare providers
are searching for a seamless operational
extension that may handle their DME billing
process without much hassle. In fact, here are
some tips to choose the best operational
extension for your DME billing services The
Cost-effective aspect Cost is a more important
factor while choosing a DME billing operations
team. MBC can provide a hard and fast profitable
productivity output. Compliance As the DME
billing process exchange of significant
information happening within the process so as to
avoid fraud and laundering of unnecessary
information and money, it requires an operational
extension that encompasses a complete HIPAA
compliance. That ensures stringent regulation
keeping the data secure.
4Streamline your DME Billing with MBC
- Highest Collection and productivity metrics
- It is best to choose an operational extension
that provides the best collection rate and
productivity because it leads to positive
reimbursement. - Dedicated manager
- As in-house billing experts or dedicated managers
cost a large lump of cash MBC as an outsourcing
organization that provides dedicated account
managers is usually profitable. - Robust reporting
- To keep track of productivity, MBC as an
outsourcing organization maintains robust
reporting. This reporting also helps in providing
a whole understanding of the strength and area
which needs more focused so as to boost the
billing process, thus playing a very important
part within the checklist. - However, taking care of your complete DME billing
process which includes - New patient Entry
- Eligibility and Benefits Verification
- Prior Authorization
5Streamline your DME Billing with MBC
- Medical Coding
- Claims Submission
- Rejection Management
- Payment Posting
- Accounts Receivables Follow-up
- Denial Management
- Customer Service
- Medical Billers and Coders (MBC) is the leading
medical billing service provider that not only
help with 70 operational cost reduction but also
with the dedicated account manager and robust
reporting in line with client protocol. Providing
the very best collection rate and productivity
metrics.