Tag: Data Analysis

WASHINGTON - AAHomecare's latest analysis shows a 33% decrease in the number of unique traditional DME suppliers since the beginning of competitive bidding and a 31% decrease in the number of traditional DME supplier locations.The states with the biggest reductions in the number of unique traditional DME suppliers from November 2010 to January 2018 are Florida (52%), California (45%), Illinois (42%) and Texas (39%).AAHomecare says its analysis doesn't include big merchandisers like Walmart—only...

WASHINGTON - Claims submitted by providers that have the highest claim error rates or billing practices that vary significantly from their peers will soon face increased scrutiny, CMS has announced.As part of an expanding “Targeted Probe and Educate” program, the Medicare Administrative Contractors will identify these providers through data analysis.“TPE claim selection is different from that of previous probe and educate programs,” the agency stated in an Aug. 14 announcement...

A. Analytics can be a powerful tool in the DME space when leveraged properly, but the key to making implementation most effective is a complete understanding of analytics' capabilities and best practices. A common misconception is that analytics is simply software, leading to data being loaded into a system, but not properly utilized. It is important to recognize that analytics is actually the systematic use of data and varied business assumptions, developed through the application of analytical...

A. Before you hitch your wagon to big data and analytics consider challenges you need to address.Analytics is a new area for most HME companies and that brings many new challenges to the forefront: big risk, the need for larger IT and reporting budgets, and requirements for more experienced resources.Analytics is a parallel process, not sequential, unlike day-to-day online transactions processing. Companies will require a completely different technology and storage strategy for data processing.Storage...