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Revenue leakages are a major concern in the healthcare industry. They are the difference in the claimed amount that healthcare providers are entitled to receive versus the amount of the reimbursement they actually receive. This phenomenon is especially common in the  Durable Medical Equipment (DME) billing & coding  industry because of the inherent cumbersome nature of DME billing. ·          As per the Harvard Business Review, the top hospitals have lost hundreds of millions of dollars of income due to revenue leakages. ·          As per American Hospital Association, all kinds of U.S. hospitals reported approximately $620 billion in uncompensated care costs since 2000. Top reasons why revenue leakages happen in DME billing and coding: ·          Denial of claims:  20% of all revenue loss is due to denial of claims. Claims can majorly be denied if:   1.       Demographic Information of the patient is incomplete. 2.       Information is missing or invalid. 3.      

Provider credentialing is a popular term among those who want to start their own  durable medical equipment (DME) billing  business. Starting a  DME billing  business is not as easy as you see it. Like other businesses, DME billing also incurs a lot of groundwork and neat establishment. But one good thing with this business is unless you get everything right, you may not be able to start with. So in the future, you need not break your head with any complexities involved in the business. Looking for a Quote? Let's Connect http://www.247medicalbillingservices.com/dme-medical-billing-services-at-only-usd-8-per-hour/ In today’s scenario, the biggest challenge that you may face with  DME billing  is collecting payments from your clients /patients. Due to the number of companies offering insurance with a wide range of benefits to their employees, it becomes a hard task for  DME billing  companies to deal with. But, even success also lies in the same factor. Therefore, you will likely

COVID-19 virus, also known as the Novel Coronavirus, has been declared as the world pandemic by the World Health Organization. This is severely affecting the health and financial aspect of the economy and people in general. Looking for a Quote? Let's Connect @ http://www.247medicalbillingservices.com/covid-19-and-medical-billing-services/ 247medicalbillingservices.com With the outbreak of this pandemic across the world, there are various new challenges every day and the healthcare providers are implementing new and emergency plans in order to adapt with those challenges. The healthcare workers are acting as the backbone of the economy and are playing an important role in response to the outbreak. As the number of cases are increasing day by day, telemedicine has emerged as an important tool. It is the best way to take care of people who have come in contact with the virus. This allows physicians to treat & communicate with the patients digitally by protecting their own health

It is natural that people get sick and approach healthcare centers for treatment/consultation irrespective of the state of the economy. This is one of the reasons that make hospitals and healthcare-related businesses stay away from recession. Due to the increase in the need for healthcare services among the public, we see a rise in the number of healthcare and related facilities as well. But what drives these facilities to be successful are essential medical supplies in surplus, which has been a motivational factor for starting a DME store. Looking for a Quote? Let's Connect http://www.247medicalbillingservices.com/dme-medical-billing-services-at-only-usd-8-per-hour/   Especially, during this pandemic, people definitely look out for healthcare centers/stores which offer great benefits. Therefore, you cannot find a better time to set up your DME store than considering the current scenario. Giant companies already exist in the market supplying a huge amount of medical supplie