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Eight Ways DME Companies Can Thrive in Tough Times

How DME Companies can thrive in tough times?   Several years ago, durable medical equipment competitive bidding was instituted by Medicare and the impact has been dramatic. Competitive bidding was so disruptive to the healthcare market that over 40 percent of DMEs are no longer in existence. Many smaller DMEs that could not successfully compete […]

DME Companies: Cheer for Possible End to Medicare Competitive Bidding

Unless you’re a healthcare worker using durable medical equipment, prosthetics, orthotics, and supplies (DMEPOS) or are a home healthcare company, you probably have no idea what Medicare’s DMEPOS Competitive Bidding Program (CBP) is or how it affects healthcare equipment suppliers and patients. Frankly, it’s been a thorn in the sides of many DMEPOS companies for […]

HIPPA Violation and Social Media: Avoid Mistakes in Your Practice

Doctors in private practice must include Social Media in their overall marketing strategy. This is practically non-negotiable for physicians who provide elective procedures. But social media isn’t all selfies and cat videos. One wrong move, and a HIPAA violation could cost you the practice you took years to build. The usefulness of social media for business cannot […]

World Diabetes Day 2018: Caring For Your Diabetes Supplies

Every year 14 November is marked as the World Diabetes Day. As we prepare to celebrate World Diabetes Day in November, ask what you can do to raise awareness, to get diabetics supplies and other related consumables to patients who find their lifeline cut off or disrupted as refuges and displaced people. Educate the patients about […]

Fiscal Year 2019: CMS Releases ESRD/DMEPOS Final Rule

CMS has released its final ESRD/DMEPOS rule, which contains some, but not all of the additional competitive bidding and reimbursement reforms for which HME stakeholders have been calling. On November 1, 2018, the Centers for Medicare & Medicaid Services issued a final rule that updates payment policies and rates under the End-Stage Renal Disease (ESRD) […]

When does outsourcing your credentialing make sense?

Credentialing, defined as primary source verification of an applicant is who they say they are, have the education they state they do, and are free from various state, federal, or other sanctions, is highly regulated in the health care industry by federal law, accreditation standards, risk management practices and organizational policies. The prime function of […]

Maximizing Healthcare Provider Revenue with Payer Contract Management

Improving payer contract management by analyzing terms and assessing payer performance can maximize revenue for healthcare providers. Payer contracts contain fee schedules and reimbursement requirements, as well as the conditions payers must meet for timely reimbursement. Ensuring correct reimbursement in a timely manner is always at the top of a healthcare provider’s mind. But many […]

Avoid Medicare Penalty In 2019: What Physicians Need To Know

  Many healthcare providers have previously decided to accept the various Medicare penalties because they just didn’t see the value to spend the time and energy necessary to meet Medicare’s reporting requirements. The all or nothing nature of PQRS and Meaningful Use meant that providers might be subject to a penalty for some seemingly trivial […]

How Hospitals Can Improve ROI through Revenue Cycle Management

Revenue cycle management is the process that manages claims processing, payment and revenue generation, and often entails the use of technology to keep track of the claims process at every check point.  Effective revenue cycle management will maximize the return on investment of a hospital. If you don’t have a good system in place, it can be challenging to juggle the various overhead […]