You have seen the denials. Each year about this time, you realize you are not getting content conversions or RUL restarts, and the write-offs are more than you can stomach. It makes sense, then, that questions about these rental revenue gaps are constantly on providers' minds. Profitability of any sort requires the entire available revenue stream, and there is no room for leaving money on the table.
Rental is the thing that makes DME billing so different from other major forms of healthcare. While hospitals and clinicians have documentation and authorization requirements, their revenue streams are usually limited to a single payment for a single deliverable. Rentals, on the other hand, place responsibilities on the provider after the initial delivery...after the patient and referral source have their needs met and have much less incentive to cooperate with the documentation requirements.
You can get a different result. Join us next Wednesday, January 11, for Keep It Flowing: Preventing Gaps in Oxygen and PAP Revenue Streams where we will take on the oxygen and PAP issues that are keeping you awake:
Rental is the thing that makes DME billing so different from other major forms of healthcare. While hospitals and clinicians have documentation and authorization requirements, their revenue streams are usually limited to a single payment for a single deliverable. Rentals, on the other hand, place responsibilities on the provider after the initial delivery...after the patient and referral source have their needs met and have much less incentive to cooperate with the documentation requirements.
You can get a different result. Join us next Wednesday, January 11, for Keep It Flowing: Preventing Gaps in Oxygen and PAP Revenue Streams where we will take on the oxygen and PAP issues that are keeping you awake:
- Oxygen
- Recertifications
- Renewals
- Contents billing
- RUL restarts
- PAP
- 3 month compliance
- Annual renewals on resupplies
- Learn best practices to maximize continuous rental revenue streams from oxygen and PAP therapy.
- Develop staffing strategies for eliminating common revenue gaps.
- Sample simple tracking tools that provide accountability and minimize staff effort.
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