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Report: Inventory inefficiency stunts growth for HME providers 

Report: Inventory inefficiency stunts growth for HME providers 

John SkoroHOUSTON – More than $4 billion annually is lost due to excess inventory, asset shrinkage, wasted labor and missed revenue, according to a new industry report released by HME360, a Software as a Service (SaaS) inventory optimization solution built for home medical equipment (HME) providers. 

Other key findings from the report: 

  • Nearly 90% of providers still perform regular manual counts, causing staff frustration and wasted labor time. 
  • 65% of providers say they are missing revenue opportunities because of inventory problems. 
  • Only about one in 10 leaders believe their current inventory systems are fully optimized. 

"Inventory inefficiency has become a strategic risk for HME providers," said John Skoro, co-founder and CEO of HME360. "Manual processes and outdated systems are draining the industry. But there is a path forward - automation, integration and visibility are the keys to turning inventory into a strategic advantage." 

The report, which is based on a study conducted by in90group Research, an independent research firm, also outlines what HME leaders identify as keys to inventory optimization. 

To download the full report, visit hme360.com

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