Tag: DMEscripts

CINCINNATI – Quipt Home Medical reported revenues were $60.3 million for the third quarter of fiscal year 2023, a 64% increase year over year and a 4% increase sequentially.  Adjusted EBITDA was $13.9 million (23% of revenues) vs. $7.7 million (21% of revenues), representing an 80% increase year over year.  “Throughout the year, our business has continued to strengthen, and we are experiencing the organic growth and margin expansion that we had been aiming for,”...

WASHINGTON – Industry stakeholders have begun meeting with CMS officials and legislators to take “a pulse check” on their willingness to raise the stakes around e-prescribing for HME.  Stakeholders have been pushing providers to adopt e-prescribing for years – and the largest organizations and nationals in the industry even came together in 2021 to form DMEscripts – but looking at CMS or Congress to add a layer of pressure takes those efforts to another...

INDIANAPOLIS – DMEscripts is at the tipping point of driving “real scale” in the number of HME providers and referral sources adopting e-prescribing, says new CEO John Brady.  Brady believes the HME industry is now in the same position as the pharmacy industry in 2008, when it came together to form Surescripts and, over the course of the next several years, reached market acceptance.  “The future of DMEscripts is all about driving transactions,” said...

INDIANAPOLIS – DMEscripts LLC, an industry-owned e-prescribing platform, has announced the addition of John Brady as CEO and Frank Schools as CFO.   Brady, a 25-year veteran of the healthcare industry, including two healthcare startups, brings extensive experience in digital health transformation with an emphasis on product and innovation. Schools joins DMEscripts following a 43-year career in finance, including a broad background in venture capital, private equity, mergers and...

Q. How can I find the right DME e-prescribe system for my company?  A. Introduction of new software or processes at any company requires careful consideration. Here are four questions to think about when researching which DME e-prescribe platform is best for your business.  Will it cause more work?   Nobody wants to implement a “swivel chair” process where your company’s resources have to transcribe the data from the DME e-prescribe platform to your company’s...

WASHINGTON – Integra Partners has joined AAHomecare as a Diamond Corporate Partner and has invested in the industry-led DMEscripts e-prescribing platform. Integra has 60 payer lines of business, including commercial, Medicare and Medicaid, extending to more than 18 million covered lives. “Integra is committed to helping HME providers succeed and increase their capacity to serve patients who depend on high quality medical equipment and services,” said Scott Prater, director of network...

Q. How will using an e-prescribe platform impact operations? A. As the DME industry pursues a more active role in driving the adoption of DME e-prescribe, it is crucial that all DME providers educate themselves on what platforms are available to them, and how adoption of them may impact their own operations. A “true” DME e-prescribe platform assists the referral source in electronically delivering a complete, accurate, billable and refillable order to a DME provider, often removing...

Q. What are some of the obstacles to adoption of e-prescribe for DME?  A. Electronic prescribing of medications and lab tests has been a part of the health care ecosystem for almost 20 years. E-prescribe has been proven to improve quality of care, reduce errors and lower administrative costs. So why hasn’t e-prescribe for durable medical equipment taken off?  The first reason is simple and it’s the same issue many DME providers deal with in their own organizations –...

Q. What is an e-prescribe platform?  A. Electronic prescribing of medications and lab tests has been a part of the health care ecosystem for almost 20 years. It has been proven to improve quality of care, reduce errors, increase efficiency and lower administrative costs. However, these results have yet to be broadly replicated in the DME industry. In the past, e-prescribe for DME was largely focused on electronic transmission of data and documentation with little concern for the accuracy...

INDIANAPOLIS – The founding investors behind DMEscripts believe their unique alliance will make a big difference in selling referral sources on e-prescribing, an obstacle to adoption so far.  Apria Healthcare, Lincare, AdaptHealth and Rotech Healthcare, along with AAHomecare and VGM & Associates, launched DMEscripts, an industry backed e-prescribing platform that’s open to any provider, in September.  “That’s the thesis under the whole thing,” said Dan...