Durable Medical Equipment (DME) includes critical medical equipment like oxygen supplies, wheelchairs, iron lungs, catheters etc. All these are costly equipment and it takes a lot of money and endurance to set up DME organization. The last thing any DME company would want is an obstacle in the payment from the clients. These days’ maximum payments are routed through the insurance companies; therefore, it is essential to be impanelled with the insurance companies to survive in business. DME credentialing services are important so that the DME companies are registered with the insurance providers and there are no payment delays.
DME credentialing involves being in-house with the insurance companies so that the payments are received well in time. This ensures a smooth payment cycle and assured reimbursement from the clients. The products delivered by the DME Company must be of excellent quality and durable.
Credentialing is the process of verification of records of the DME companies so that the patients can put their trust in the company and get excellent services. The DME companies can start operations and get listed on the panel of the insurance companies only when the credentialing process is completed.
How to get started?
●Credentialing is a tedious and time-consuming task. The DME providers have a lot of work to do, so getting involved in the credentialing task might be difficult. It is best to hire professional and efficient DME credentialing services so that the task can be done efficiently.
●For getting credentialed, several documents related to the products and services have to be provided. Several formalities have to be completed. All the information provided by the company is verified in detail from the third party to make sure that it is all correct.
●Ideally, the company should be in-network with 10-12 carriers at the beginning which can take almost 3-4 months. The process of verification of each insurance company is different and the payment and contracting cannot start before the credentialing process is complete. Therefore, it is best to start the credentialing service well in advance to avoid any last-minute rush.
●An individual application costs about $100. Since the amount is not too small, it is best to get it done correctly to avoid cancellation or rejection. Any delay in the process can disrupt the normal working of the DME companies leading to losses for the company.
HRX- DME credentialing services
HRX is a leading firm that provides efficient DME credentialing services. They are experts in this field and can save you from the endless frustration and paperwork which is required for the credentialing services. They provide quick and simplified services. Credentialing is necessary to kick start the business and that can be done by outsourcing the services to the experts of HRX. The team of experts have years of experience in getting the work done which can kick start the process and ensure smooth working of the companies.