A 3-Step Financial Strategy Focusing to Maximize your DME Revenue
Any DME supplier will always strive to increase revenue while decreasing the day’s sales outstanding. According to Grand View Research, the durable medical equipment (DME) market will grow from $53.6 billion in 2021 to $92.8 billion in 2030. Because of the COVID-19 pandemic and the shift in healthcare toward a hospital-to-home model, the DME industry will be one of the fastest-growing markets. Even as the US population ages, there will be an increase in demand for a wide range of home medical equipment products, from oxygen to incontinence and mobility products. All of this will fuel the demand for DME items and products. Suppliers are now looking to improve their patient loyalty and satisfaction program in order to accelerate the ROI to the best proportions. Low payments, as well as changes in Medicare and Medicaid regulations, are all posing significant challenges. More patients are now paying out of pocket or are unsure how much they owe. As a DME supplier, the last thi...