Frequently Asked Questions
Welcome to Wonder Worth Solutions’ FAQ page. Here, you’ll find answers to common questions about our DME credentialing, contracting, and consulting services. If you can’t find the answer you’re looking for, please don’t hesitate to contact us.
General Questions about WWS and DME Services
What exactly does Wonder Worth Solutions do?
Wonder Worth Solutions specializes in providing comprehensive services for Durable Medical Equipment (DME) providers. Our core offerings include DME credentialing, medical equipment contracting, and DME consulting services. We help DME businesses optimize their operations, ensure regulatory compliance, and maximize profitability.
I'm new to the DME business. Can you help me get started?
Absolutely. We offer tailored services for new DME providers, including initial credentialing, contract negotiations with payers, and consulting on business setup and compliance. Our team can guide you through the complex process of establishing and growing your DME business.
How long has Wonder Worth Solutions been in business?
Wonder Worth Solutions has been serving the DME industry for over a decade. Our team brings together decades of combined experience in healthcare administration, DME operations, and regulatory compliance.
Do you work with small DME businesses or only large companies?
We work with DME providers of all sizes, from small local businesses to large multi-state operations. Our services are scalable and customized to meet the specific needs of each client, regardless of their size or scope.
What makes Wonder Worth Solutions different from other DME service providers?
Our differentiators include our specialized focus on the DME industry, comprehensive service offerings, data-driven approach, and track record of measurable results. We pride ourselves on our deep industry knowledge, personalized service, and commitment to ongoing client support.
DME Credentialing Services
What is DME credentialing?
DME credentialing is the process of verifying a provider’s qualifications and enrolling them with various payers (such as Medicare, Medicaid, and private insurers). This process validates that a DME provider meets specific standards and is eligible to bill for services rendered.
Why is credentialing important for my DME business?
Credentialing is crucial because it allows you to bill and receive reimbursement from payers, ensures compliance with regulatory requirements, and impacts your ability to serve patients and grow your business. Without proper credentialing, you may face claim denials and revenue losses.
How long does the credentialing process usually take?
The credentialing process typically takes 60 to 180 days, depending on the payer and the completeness of your application. With our efficient processes and expertise, we often help our clients complete credentialing in 45-90 days.
Can you help with Medicare enrollment?
Yes, we provide comprehensive assistance with Medicare enrollment. This includes helping you navigate the complex application process, ensuring all documentation is complete and accurate, and managing follow-ups with Medicare administrative contractors.
What about Medicaid credentialing?
We assist with Medicaid credentialing across all states. Our team is well-versed in the specific requirements of each state’s Medicaid program and can help you navigate the often complex state-specific processes.
Do you handle credentialing for commercial insurance companies too?
Absolutely. We manage credentialing processes for a wide range of commercial payers, including major national insurers and regional health plans. Our team stays updated on the specific requirements of each payer to ensure smooth credentialing.
What documents do I need for the credentialing process?
Typically, you’ll need business licenses, tax ID information, NPI numbers, proof of liability insurance, accreditation certificates, and owner/operator identification. The exact requirements can vary by payer, but we’ll guide you through gathering all necessary documentation.
How often do I need to renew my credentials?
Credential renewal frequencies vary by payer, but most require re-credentialing every 3 to 5 years. We track these dates for our clients and manage the entire re-credentialing process to ensure continuous enrollment.
Can you help if my credentialing application was denied?
Yes, we can assist with denied applications. We’ll review the reason for denial, help you address any issues, and manage the resubmission process. Our experience allows us to anticipate and prevent many common reasons for denials.
What's the difference between credentialing and accreditation?
While both are important, they serve different purposes. Credentialing is the process of enrolling with payers to bill for services. Accreditation is a comprehensive evaluation of your business practices by a recognized accrediting body. Many payers require both for DME providers.
Medical Equipment Contracting Services
What exactly are contracting services for DME providers?
Contracting services involve negotiating agreements with payers (insurance companies, Medicare Advantage plans, etc.) on behalf of DME providers. This includes negotiating reimbursement rates, payment terms, and other contract conditions to optimize your revenue potential.
How can better contracts improve my DME business?
Improved contracts can lead to higher reimbursement rates, more favorable payment terms, expanded coverage for your DME offerings, and stronger relationships with key payers. This can significantly impact your bottom line and business growth potential.
Do you negotiate contracts with all types of payers?
Yes, we negotiate with a wide range of payers including Medicare Advantage plans, Medicaid managed care organizations, commercial insurers, workers’ compensation carriers, and VA contractors. Our team has experience with the unique requirements of each payer type.
How long does the contract negotiation process typically take?
The duration can vary depending on the payer and the complexity of the contract. Generally, the process can take anywhere from 1 to 6 months. We work efficiently to expedite the process while ensuring favorable terms.
Can you help renegotiate existing contracts?
Absolutely. We regularly help clients renegotiate existing contracts to improve terms and rates. This process involves analyzing current contract performance, identifying areas for improvement, and leveraging market data to support our negotiations.
What if a payer offers a "take it or leave it" contract?
Even with seemingly non-negotiable contracts, there’s often room for discussion. We can analyze the contract, compare it to industry standards, and often find areas where we can request improvements, even if the base rates are fixed.
How do you determine what rates to negotiate for?
We use a data-driven approach, considering factors such as your costs, local market rates, the payer’s typical reimbursement levels, and industry benchmarks. Our goal is to secure rates that ensure your profitability while remaining competitive.
Can better contracts help with cash flow issues?
Yes, improved contracts can positively impact cash flow. We negotiate for favorable payment terms, such as faster claims processing and payment schedules. We also work to reduce administrative burdens that can delay payments.
Do you handle contract compliance after negotiation?
Yes, we offer ongoing contract management services. This includes monitoring payer adherence to contract terms, identifying and addressing underpayments, and ensuring your team understands and correctly implements the contract requirements.
How often should DME contracts be reviewed and renegotiated?
We recommend reviewing contracts annually and considering renegotiation every 1-2 years or when significant market changes occur. Regular reviews ensure your contracts remain competitive and aligned with your business goals.
DME Consulting Services
What types of consulting services do you offer for DME providers?
Our consulting services cover a wide range, including operational efficiency optimization, compliance program development, business growth strategies, technology integration, financial performance improvement, and quality management.
How can consulting help my DME business grow?
Our consulting services can help identify growth opportunities, streamline operations to support expansion, develop marketing strategies to reach new markets, and ensure your business infrastructure can support growth while maintaining compliance and quality.
Can you help with DME billing and reimbursement issues?
Yes, we offer comprehensive consulting on DME billing and reimbursement. This includes optimizing your billing processes, reducing claim denials, improving collection rates, and ensuring compliance with billing regulations.
Do you provide guidance on DME software and technology solutions?
Absolutely. We stay current with the latest DME software and technology solutions. We can assess your needs, recommend appropriate solutions, assist with implementation, and train your staff to maximize the benefits of new technologies.
Can you help us prepare for audits?
Yes, audit preparation is a key part of our consulting services. We can help you establish robust documentation practices, conduct internal audits, and develop processes to ensure you’re always audit-ready. If you’re facing an actual audit, we provide step-by-step guidance through the process.
How do you stay updated on changing DME regulations?
Our team continuously monitors regulatory changes through multiple channels, including CMS updates, industry associations, and legal resources. We interpret these changes and provide actionable guidance on how they impact our clients’ operations.
Can you assist with DME accreditation processes?
Yes, we provide comprehensive support for DME accreditation. This includes helping you choose the right accrediting organization, preparing documentation, conducting readiness assessments, and guiding you through the survey process.
Do you offer staff training services?
We offer a range of training services tailored to DME providers. This includes training on compliance, billing practices, customer service, product knowledge, and operational procedures. We can deliver on-site training or develop custom training materials for your team.
How can consulting help us adapt to value-based care models?
Our consulting services can help you navigate the shift to value-based care by developing strategies to demonstrate outcomes, implementing quality measurement processes, and aligning your services with value-based reimbursement models.
Can you help us expand into new DME product lines?
Certainly. We can conduct market analyses to identify promising new product lines, help you navigate the regulatory requirements for new products, develop implementation plans, and assist with contracting and credentialing for the new lines.
Working with Wonder Worth Solutions
How do we get started working with Wonder Worth Solutions?
The process begins with a free initial consultation. Contact us through our website, email, or phone to schedule this consultation. We’ll assess your needs, propose a tailored solution, and upon your approval, begin implementing our services.
Do you offer ongoing support after initial services are completed?
Yes, we provide ongoing support to all our clients. This includes regular check-ins, updates on industry changes, and assistance with any new challenges that arise. We view our relationship with clients as a long-term partnership.
How do you charge for your services?
Our fee structures vary depending on the services provided. We offer project-based fees, monthly retainers, and success-based fee models. During our initial consultation, we’ll discuss the most appropriate fee structure for your needs.
Do you require long-term contracts?
While some of our services, particularly ongoing management services, may require a commitment, we’re flexible in our arrangements. We’ll work with you to find a contract term that suits your needs and comfort level.
Can you work with our existing staff and processes?
Absolutely. We tailor our approach to integrate smoothly with your existing operations. Our goal is to enhance and optimize your current processes, not replace them entirely, unless that’s what you’re seeking.
How do you measure the success of your services?
We establish clear, measurable goals at the outset of our engagement. These might include metrics like reduced credentialing time, improved reimbursement rates, or increased operational efficiency. We provide regular reports on these metrics to demonstrate the impact of our services.
What if we're not satisfied with the services?
Client satisfaction is our top priority. If you’re ever unsatisfied, we’ll work diligently to address your concerns. We maintain open lines of communication and are always ready to adjust our approach to better meet your needs.
Do you offer any guarantees on your services?
While we can’t guarantee specific outcomes due to the complex nature of the DME industry, we do guarantee our commitment to excellence, transparent communication, and continuous effort to maximize value for your investment.
How do you handle client data and confidentiality?
We take data security and confidentiality very seriously. We employ industry-standard security measures to protect your data and adhere to all relevant privacy regulations, including HIPAA. All our staff are trained in data protection protocols.
Can you provide references from other DME providers?
Yes, we’d be happy to provide references from current or past clients, with their permission. We can connect you with DME providers similar to your business so you can hear firsthand about their experiences working with us.
Industry-Specific Questions
How is the DME industry changing, and how can we keep up?
The DME industry is evolving with trends like increasing regulatory scrutiny, the shift to value-based care, and technological advancements. Our services help you stay ahead by providing ongoing education, strategic planning, and adaptive solutions to address these changes.
What impact will upcoming Medicare changes have on DME providers?
Medicare frequently updates its policies, which can significantly impact DME providers. We stay ahead of these changes, analyzing their potential effects and helping our clients proactively adapt their operations to maintain compliance and optimize reimbursement.
How can we compete with large national DME companies?
Competing with large nationals requires focusing on your strengths, such as personalized service and community relationships. Our consulting services can help you identify and leverage your unique value propositions, optimize your operations for efficiency, and develop targeted marketing strategies.
What are the biggest compliance risks for DME providers right now?
Key compliance risks include documentation errors, improper billing practices, and failure to meet evolving regulatory requirements. Our compliance consulting helps you identify and mitigate these risks through robust compliance programs, ongoing education, and regular audits.
How can we improve patient satisfaction in our DME business?
Improving patient satisfaction involves enhancing various aspects of your operations, from streamlining equipment delivery to improving follow-up care. Our consulting services can help you implement best practices in customer service, develop patient education programs, and utilize patient feedback effectively to continually improve your services.