A. HME providers must align critical financial and operational business components to deliver cost-effective solutions for customers and maintain healthy financial performance. Businesses need to measure, monitor and manage these components.
A. Competitive bidding has changed the way you need to think about your sales process.
A. Medical equipment companies are continually seeking ways to grow their business. This is true for medical equipment distributors, as well as medical supply stores.
A. I feel your pain and understand the challenge associated with this task.
A. Being a financially sound and healthy company involves a lot more than simply turning a profit on paper. For-profit businesses shouldn’t simply strive for a positive net income.
A. Turning your potential revenue into actual revenue is looked at as something scientific and difficult to achieve. In all actuality, it needs to be managed individually like any other department.
A. Generally, no. HIPAA requires covered entities to maintain the confidentiality of patients’ medical records and other protected health information.
Q. What are the major considerations in determining the benefits of entering into a partnership/joint venture with a hospital-based HME provider?
A. Proper communication and training between staff and patients is crucial at intake to ensure documentation is completed.
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