4 Operational threat to your HME billing business and tips to resolve it

 

Does it seem like managing your HME billing operation is getting harder every year? Making a profitable HME billing business is a struggle? There are many reasons why healthcare practices are failing to obtain a seamless HME billing operation, especially today.

 

Common problems in HME billing operations:

 

·       Labor costs are rising – finding the right resources and an experienced team of experts for working your HME billing operation at a cost effective rate is quite impossible today. This is because the cost to hire an experienced biller has risen over the past few years. In fact, today the higher demand for coders due to the shift in ICD – 10 and the constant change in the billing regulation have made the struggle real in finding a cost effective billers and coders for many.

 

·       Retaining resources and billers is a struggle – holding your long term billers and coders can be effective but is highly expensive. Furthermore, with every new biller, you not only end up wasting your valuable time in training them but also lose a lot of money on the same.

 

·       Maintaining the cash flow is a constant battle – productivity needs constant attention. Without proper concentration, you can not only run into claims issues but also errors related to data and more; reducing the cash flow.

 

·       Manual process increases the error rate – it is no secret that manual processing is labor intensive and error prone. In fact, at times it can be quite challenging to keep up with those automated systems that catch eligibility issues, erroneous codes and more.

 

Sunknowledge support in reducing all your HME billing operational threat:

 

Providing customized solution at a reasonable rate, Sunknowledge for the last 15+ years have reduced the denial claims rate for many leading practices in the industry. With the correct coding process and modifiers, Sunknowledge caters to all your operational needs that significantly threaten your business.

 

Taking the complete pre and post HME billing responsibility, our experts today in fact are known for –

• Speeding up your revenue cycle in no time
• Ensuring the highest productivity metrics in the industry
• Ensure effective documentation with a 99.9% accuracy rate
• Always assuring code to the highest level of specificity
• Complete RCM solution with 80% operational cost reduction at only $7 per hour

 

In fact, our experts further being proficient in various billing software like Brightree, DME works, Kareo and more additionally ensures no revenue left on the table. So get in touch with us if you are facing operational threats related to your HME billing operation as we understand the value of seamless billing operation.