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Improve Your Revenue Cycle Process for HME/DME Providers

Organizations like yours are looking for ways to improve operational efficiencies and reduce costs while at the same time meeting increased demand for home medical equipment and supplies from patients.

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    White Paper
    Increase Collections While Improving Revenue Cycle Processes
    Revenue Cycle Management HME DME Business White Paper

    You can exceed 95% clean claims rates and speed up patient payments. Learn more how in our white paper.

    Make Durable Medical Equipment Business Profitable by Automating Resupply
    Durable medical equipment business profitable | NikoHealth

    Many of the DME products are disposables or require replenishment at recommended frequencies in order for the patient to maintain effective use. In many cases, HME/DME providers wait for the patient to inquire before fulfilling orders

    DME Billing: Outsource Versus DME Software for In-House Team
    DME Billing: Outsourcing vs DME Software

    The medical billing outsourcing market is on the surge. According to the research by Reportlinker, it is expected to grow from $2.17 billion in 2021 and reach 20 billion by 2026 with an annual growth rate (CAGR) of 11.5%. But is there any alternative for attracting third-party providers?

    Speed up Your Billing and Minimize Audit Risks
    DME billing software | NikoHealth

    Following the recent announcement by the Centers for Medicare & Medicaid Services (CMS), starting with claims with a date of service on and after 01/01/2023 will drop the need for certificates of medical necessity (CMNs) and DME information forms (DIFs).
    So, what does this mean for DME suppliers?

    Why Adopting New Business Technology Should Be at the Heart of Your Strategy
    New DME Business Technology | NikoHealth

    Healthcare is continuing to go home. The trend of moving care from the hospital to the patient’s home is undoubtedly impacting the home medical equipment industry. HME/DME providers are faced with increased demand from an aging population in the US for home medical equipment and supplies. These significant tailwinds continue to lead to increased patient volume and continued growth opportunities.

    Simplify and Automate Patient Payments
    Automating Patient Payments | NikoHealth

    Successful patient collection strategies consist of better patient communication, automation, and flexibility while avoiding ineffective statements that don’t pay off.

    How to Increase Pharmacy Profit With the Right Approach to HME/DME
    How to increase pharmacy profit | NikoHealth

    The US’s home medical equipment (HME) market is expected to grow in the upcoming years. According to the Allied Market Research, its size is projected to nearly double from $11.6 billion in 2019 to $20.4 billion by 2027. The home medical equipment industry will be one of the fastest-growing markets.

    Connect, Simplify and Automate Your Workflows
    API in HME business | NikoHealth

    Many HME/DME suppliers operating on dated technology platforms are limited to the capabilities of the systems themselves. Businesses struggling to bridge data from obsolete file sharing protocols or limited API functionality find themselves faced with repetitive data entry across systems.

    What’s the Way to Optimize Your Resupply Chain
    What’s the Way to Optimize Your Resupply Chain | NikoHealth

    As we see the healthcare industry digitalizing, automating operations in the HME/DME business can also be a good solution for resupply issues. Reliable HME/DME software connects all processes into one single platform that operates quickly and efficiently.