Consistent advances in electronics and information technology is bringing sleep therapy to a new potential for HME providers in the marketplace, specialists in the field say.
Technology may not be the first word that springs to mind in reference to the incontinence, skin and wound care market, but perhaps its time that it took front and center.
When assessing its potential, the pediatric market always shows promise for providers: It has a base of customers who need services over their lifetimes, reimbursement is not subject to competitive bidding and it also offers retail possibilities.
Keeping a tight lid on expenses is paramount for HME providers to keep their finances healthy, and technology can serve as an effective tool for reaching that goal, technology specialists say.
A category as deep and wide as mobility is always being influenced by various undulating market dynamics, and those influences are perpetuating an ongoing evolution on several fronts.
Seeking encouraging news among the chronic beleaguerment in the HME market can be a challenge, but one area where providers may find hope is with sleep therapy.
Everything in an HME business is connected, so having an IT system that gives providers a panoramic view of their operation makes more sense than having siloed systems designated for specific departments, automation proponents say.