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The average DSO for a DME claim is 70 days. Through reduction of rejections and denials by using the claims expertise of CMO representatives, providers can significantly reduce their DSO’s, increase their cash flow and, thus, increase their profitability.
This is important due to the changes in reimbursement guidelines that see reimbursement rates continuing to decline.
By outsourcing part or all of the claims process, small to medium-sized providers could allow staff overburdened with claims processing to focus on more pertinent business matters. Claims processing would become more efficient by using CMO, a company focused on claims processing and staffed with individuals that have experience with dealing with DME claims and insurance providers.
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