We often talk on our blog about the pains HME businesses face each day. Tracking the wrong metrics. Fixed or increasing labor costs. Trouble managing a billing team.
Do these issues apply to your HME company? If so, you might consider full service billing, a suite of services that allows your HME business to outsource the management of your entire billing function, from order confirmation to collections.
(Tip: You can find the ins-and-outs of full service billing right here!)
Full service billing is not a magic bullet, but when you commit to working with an outsourcing partner such as Prochant, this service can help you succeed. Here are some reasons your HME business needs to outsource its medical billing.
Your daily challenges probably run the gamut: reduced reimbursements, rising labor rates, and complex medical billing processes – just to name a few.
Outsourcing through Prochant takes the weight off your billing team and your bottom line. Our team of experts has in-depth payer knowledge across all product and software lines and Medicare regions to skillfully manage your revenue cycle. Because we are paid on a percentage of your collections, we only get paid when you do!
Time spent managing accounts, corresponding with insurance companies, and completing cash postings can turn into time spent on the core of your business: your patients and your referrals from physicians, hospitals, and rehabilitation clinics.
Prochant manages every aspect of your revenue cycle, from order confirmation to collections. Because you have reliable access to a dedicated account team that consistently monitors and reports on your progress, you can care for your current patients and referrals – and nurture prospective patients, too.
Outsourcing your billing function with Prochant provides you with a partner in every aspect of your revenue cycle. Over the past two decades, Prochant has helped hundreds of HME companies improve their metrics, team morale, and businesses overall.
Our client, Steve Mamangakis of Physicians Choice, says, “Working with Prochant, we have gone from 43% accounts receivable (AR) over 90 days to just south of 13%. In this audit rich environment, this result is phenomenal.”
If you are ready to work with a trusted revenue cycle partner, contact us today!
Prochant helps HME providers become more profitable by combining superior billing and process outsourcing with highly-skilled specialists. We audit existing front and back-office processes, rapidly implement changes, and conduct proactive analytics to enable providers to consistently exceed industry benchmarks. Headquartered in Charlotte, North Carolina, our clients include leading medical equipment providers and health systems.