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Mergers and acquisitions have become a reality in today’s increasingly competitive home medical equipment marketplace. This means smart providers need to understand How M&As work, and how they might ultimately fit into their business strategies? Times are tough for smaller DME suppliers, but the changing healthcare landscape is also impacting…
Getting your DME can be a challenging and time consuming process. Using the following information can help to make the process go a little faster, and reduce the chance of denial of coverage by your health insurance carrier. It is important for you to take charge of getting your DME. …
Reinvention is a transformation into a new form of yourself and your business that always requires changes in your approach. For every argument about sticking to your core mission, there’s a competing philosophy that says you must adapt to the times and embrace change. Your industry and the business owners who…
DME suppliers have a target on their backs. It is likely that they are subjected to the most frequent audits of any type of healthcare provider. The CERT (Comprehensive Error Rate Testing) audits seem to be the most frequent. Although DME represents a small percentage of expenditures on healthcare, in 2015…
Dual Eligible Beneficiaries may face special obstacles when they try to access services, such as durable medical equipment, that is covered to varying degrees by both Medicare and Medicaid. The Integrated Care Resource Center recently released a briefing titled “Facilitating Access to Medicaid Durable Medical Equipment for Dually Eligible Beneficiaries in…
I recently heard that DME suppliers are facing issues with their billing and with the tight margins of the DME industry, many suppliers are searching for ways to bring in extra revenue, and here are the five operational pain points to look into it.1. Reimbursement cuts: Obviously, the biggest pain point…
