The U.S. healthcare industry loses billions every year due to fraud, abuse, and administrative waste. Here are five startling facts on healthcare fraud. 1. $225 billion of the $750 billion in healthcare spending was wasted on fraud, unnecessary services, and excessive administrative costs. According to researchers, in 2009 roughly 30 percent of the total healthcare [...]
The Current Dilemma with DME Documentation Needs Medical supply companies who provide all types of HME or DME products to patients face a slippery slope when it comes to compliance regulations. The regulations for documentation for proving necessity for an item can be rigorous and complex, and if not careful, suppliers can find themselves in [...]
“Hey _________ , order me more laundry detergent.” Fill in the blank with Google, Alexa, or Siri and experience the most efficient mode of technology to date in terms of purchasing items from the comfort of your home. The trend is common practice for most people and quickly becoming the new norm for shopping. All industries [...]
As most healthcare suppliers know, Medicare’s competitive bid for all Durable Medical Equipment, Prosthetics, Orthotics, & Supplies (DMEPOS) ended January 1, 2019. CMS expects a new competitive bid process will be completed and rolled out by December 31, 2020. This reprieve gives suppliers a two-year window to gain market share, maximize effectiveness, and improve workflows. [...]
Few things are as critical to the operation of your healthcare business as compliance. Of course, every other facet of your business is important, but unless you’re meeting the required standards of regulatory compliance, you’re jeopardizing the very survival and existence of your entire operation due to the potential liabilities created when compliance takes a [...]
Many HME Companies inadvertently focus on billing practices as the primary reason for their high days of sales outstanding (DSOs) but that's not always the case. Here are a few of the most common problems along with some practical solutions to help reduce your DSO's. Problem #1) Incomplete Documentation Never deliver equipment or service to [...]
HealthSplash Founder Ignites Campaign to Get People to Own Their Own Data #YouOwnYou: Healthcare Disruptor is Transforming Healthcare through Blockchain and Giving Control Back to the Patient Overland Park, KS (January 22, 2018) Brett Blackman, founder, and CEO of HealthSplash, begins his mission to promote changing healthcare through blockchain technology on Thursday, January 25th at the Crypto [...]
Healthcare Disruptor Adds Growing Compliance Software Company to its Transformative Technology Platform Paola, KS(September 13,2017) - HealthSplash an emerging digital healthcare technology disruptor, announced today that it has acquired DMERX, the DME documentation compliance solution for prescribing practitioners, therapists, and DME suppliers The purchase of DMERX/PMDRX(Power Mobility Doctor Rx), a rapidly growing, seven-year-old multi-faceted [...]
