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Outsourcing: Analyze net revenue, actual cash

Q. What measure should I use to track revenues?
 - 
04/01/2019

A. HME providers are split on how best to measure and recognize revenue in their businesses. In general, measures are organized into four camps:

Outsourcing: Streamline, automate your cash posting

Q. What are the best practices for my cash posting process?
 - 
02/22/2019

Cash posting is an essential part the revenue cycle. Accurately applying payments, adjustments, and denials to line items in your A/R remains the key to success – one that your billing team probably knows like the back of their hand.

Outsourcing: Set expectations for success

Q. How can HME providers improve their business through outsourcing?
 - 
01/24/2019

A. It is a new year! Is it also time for a new business strategy?

Global standards and safeguards providers can’t ignore

 - 
04/23/2018

In recent years, reimbursement cuts and insurance deductible fluctuations have proven to be incredibly challenging, testing even the most experienced HME providers.

Prometheus turns into Prochant

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03/27/2018

CHARLOTTE, N.C. – The Prometheus Group, a provider of HME revenue cycle management services, is rebranding to Prochant. Along with a new name, the company has a new logo, graphics, website and messaging.

Majority of providers keep business functions in the US

 - 
03/17/2017

YARMOUTH, Maine – Outsourcing business functions may be on the upswing, but outsourcing them out of the country is still a rarity in the HME industry, according to a recent HME Newspoll.

Quality Medical takes total control

 - 
10/05/2016

LARGO, Fla. – Quality Medical has rolled out a suite of programs called “Total Equipment Control (TEC)” that allows HME providers to outsource supply chain, warehousing, transportation, financing, engineering, and repair and service.

Outsourcing: Ensure best partner

Q. How do I choose and manage the right partner when outsourcing business processes?
 - 
03/21/2016

A. There is a distinct set of operating and management principals needed to outsource processes. 

In HME, the brand is built on referral and patient relations; manufacturing and business processes can be outsourced.

Outsourcing: Work in abundance

Q. How do I maintain the right culture while going through an outsourcing process?
 - 
02/22/2016

A. Executive leadership is critical in creating the vision of the business structure needed for DME companies to be competitive.

Outsourcing: Outsourcing can maintain profitability

Q. Why should I consider outsourcing?
 - 
01/25/2016

A. As it is for the insurance, telecommunications, technology, and financial services sectors, outsourcing is a necessity for HME companies to thrive in the new economy. 

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