As HME providers continually search for business segments outside the scope of Medicare competitive bidding, complex rehabilitation is an option that is being looked at with more interest than ever before.
The future of mobility equipment lies with wheelchairs and scooters and, based on their current situations, it could end up going in different directions, manufacturers say.
The shrinking HME piece of the Medicare pie requires providers to re-engineer their business models to continue serving the marketplace and they are increasingly looking at retail as a viable option.
After listening to the industry’s complaints about the difficulties with reimbursement, excessive paperwork and governmental red tape, HME providers considering adding diabetes to their business mix may think it’s not worth the trouble.
The age of baby boomer retirement and that generation’s need for homecare services is finally dawning and it offers great commercial potential for HME providers ready to expand into home accessibility.
Whether an oxygen provider won the second round of Medicare competitive bidding or not, the results are the same: a dramatic restructuring of the oxygen business model is necessary for continued viability in the category, market experts say.
