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Mediware

  • Looking Beyond Medicare Reimbursement for Additional Sources of Profit

    With tightened reimbursements, competitive bidding challenges and the additional regulatory issues that providers deal with, many in the home medical equipment industry are now finding it necessary to capitalize on new and growing revenue streams in order to stay competitive and healthy. Here are five options for HME providers to consider. These alternatives can help you find new ways to care for patients while building your bottom line. 1. Partner with long-term care providers. With your medical equipment expertise, you can help these organizations supply products to their customers and patients in an efficient way. Working with long-term care providers and supplying products to these types of businesses can open up entirely new opportunities for partnering in patient care. 2. Add retail sales. The start-up…
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  • Collecting Patients’ Out-of-Pocket Costs

    Whatever health care services you provide, you have probably felt the pinch of tightened reimbursements—perhaps 30 percent to 40 percent less, or more, than what you received in the past. These lowered reimbursement rates mean that consumers are being required to play a larger financial role in their health care. In fact, a recent survey indicates that the number of consumers with high-deductible plans has risen dramatically in the last few years, with the average deductible at $1,046 in 2014. As a result, your health care operation’s bottom line is dependent on patients paying their share. Here are some suggestions for collecting the cash up front and over the long term.
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  • Medtrade 2015 Awards

    Medtrade officials handed out the hardware at the recently concluded show in Atlanta
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