What Healthcare Providers Should Know About Competitive Bid for PMD
Medicare’s competitive bidding program has been delayed until 2021, with the possibility of the open window extending even longer than the next two years.
What Your Insurance Needs to Pay for Your Medical Equipment
Home medical equipment (HME) ranges the spectrum from incontinence supplies and breathing apparatuses to hospital beds and a variety of mobility devices. There are a few different ways to get the medical equipment and supplies you or a loved one may need; however, some items are not covered by insurance.
The Top 3 Staggering HME Prior Authorization Challenges that will Blow your Mind
Home Medical Equipment (HME) can be vital to patient survival. In the forefront in healthcare, Prior Authorization (PA) needs a considerable amount of attention to streamline efficiencies for prescribing HME. A staggering 91% of all care delays occur because of issues with the PA process, according to an AMA conducted survey. Prior Authorization requirements are [...]
Can Local Pharmacies Compete Against Mail-Order Pharmacies?
“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 [...]
10 Ways DME Suppliers Can Improve Efficiency and Patient Experience During Competitive Bid Break
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. [...]
What Every DME Supplier Should Know About Power Mobility Documentation
There is no hiding it....the Medicare criteria required for determining patient need for a power mobility device (like a scooter or power wheelchair) is both overwhelming, complex and requires a lot of documentation. The Problem: So Complicated! A power mobility device (PMD) is near impossible to prescribe due to the numerous steps in the [...]
Common Problems with Orthotics Bracing Documentation – and How to Fix Them
Suppliers and practitioners alike experience frustration and roadblocks when completing orthotic bracing documentation for patients. Here are some common pain points felt throughout the industry, and some helpful ways to address them. Problem #1: Lack of Complete and Correct Documentation Have you ever been engaged in a game of ping pong over insufficient documentation for [...]
3 Ways for HME’s to Reduce DSO’s (Days of Sales/Signatures Outstanding)
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 [...]
What is a Smart Contract?
The brainchild of cryptographer and computer scientist Nick Szabo, Smart Contracts were originally brought to life around 25 years ago, in 1993 or 1994. In his original famous example where he compared a Smart Contract to a digital vending machine, Szabo described how users could input data or value and receive a finite item from [...]