CMS expects Medicare spending to grow in the year 2021 as people will start seeking care that they have delayed during the recent pandemic emergency. Also, it has announced a slight increase in Medicare Part B premiums. The standard premium for the Part B enrollees will be $148.50 in 2021, an increase of $3.90 from 2020.
The annual deductible for Medicare Part B beneficiaries will be $203 in 2021, which is $5 from 2020. As a provider of DMEPOS services, you must plan early on how you can resolve challenges in your practice management efforts which will improve your payments in the longer run.
Making sure that you have the right priorities in place with your payments is decided early with the right checks and balances in DME prior authorization, order entry and confirmation process, and checking of eligibility and verification.
Managing back and forth information with a streamlined process of doctor’s office follow up is extremely necessary for improving reimbursements and elevating the process of securing payments with corrective actions taken that transforms your process of submitting claims. Reducing your costs of operations at these testing times remains to be something that needs immediate attention. Finding a reliable partner that can accelerate your process of DME prior authorization and billing will be ideal.
The PriorAuth Online advantage in improving ROI
The biggest advantage that PriorAuth Online brings to the table is an extensive understanding of the adjudication priorities. We are currently working with some of the largest DMEPOS providers of the country and deliver actionable support with our pre-billing services that include: DME prior authorization, eligibility verification, order entry, doctor’s office follow-ups.
We are equally competent to work around with the post billing services that include claims submission, denial management, and accounts receivable collections. At just $7 per hour, we know how to transform your cash flow and have excellent references to prove that. Let our experts share how we make a genuine difference in your payables, and make you earn a competitive edge in these testing times as a full-service DMEPOS billing destination.