Tag: Operations
HW&Co., ECS South merge
June 6, 2023HME News Staff
CLEVELAND – HW&Co., a regional CPA and advisory firm with offices in Cleveland, Columbus and Mansfield, Ohio, has announced it has successfully merged with ECS Billing & Consulting South. ECS’s 30-plus employees will join the more than 110 HW&Co. employees serving clients across Ohio and the United States, and its office in Dublin will become the company's sixth office. “When thinking about what was next for ECS, we wanted to partner with a firm with similar values in how it...
Company Culture: See and be seen
December 6, 2022Scott Stone
Q. How can I check the pulse of my organization?
A. The culture of our organizations dictates the productivity and output of them. As leaders, it is our responsibility to be in tune with the organization on a level that we can guide and steer the ship effectively. Here are three ways to improve the cohesiveness of your organization.
Prioritize your people
As leaders, we often want to prioritize executing our task list vs. delegating key items and managing downward. Prioritizing...
Oventus targets growth in North America with new hire
September 13, 2021HME News Staff
BRISBANE, Australia – Oventus Medical has appointed Michael Sisk as vice president of finance in the U.S. to support the increasing needs of the company’s North American operations. He brings more than 25 years of experience in finance and accounting, ranging from smaller banks to $8 billion publicly traded financial institutions. “Mike has built a strong track record of financial management with publicly traded organizations over many years,” said Dr. Chris Hart, founder...
Sponsored content: Drastically improve all aspects of your DME/HME business with SeriousERP
April 29, 2020Raul Lopez
What is SeriousERP?
SeriousERP is an ERP (Enterprise Resource Planning) software platform designed to manage and improve every aspect of a DME/HME business. This system was built by collaborating with DME experts to reduce costs and improve efficiency while increasing productivity. SeriousERP has a modular design that allows clients to fully customize the solution while maintaining an affordable price point.
In critical times, the...
Risk management: Make it a pop quiz
November 12, 2019Adam Miller
Q. What should I consider before bringing on a new vendor or product?
A. Whether your operation has a history of successful vendor partnerships, or you've just started expanding your product line, bringing in a new partner is an opportunity to grow your business. However, it's important that the relationship is beneficial to both parties. Asking potential new partners these questions can help determine whether the partnership will be a good fit.
What references can you provide?
To...
Aeroflow consolidates inventory under one roof
November 8, 2017HME News Staff
ASHEVILLE, N.C. - Aeroflow Healthcare has purchased a new building and fulfillment facility in Asheville, N.C., in a move that the company says is a reflection of its continued growth and increased productivity. The new 35,000-square-foot facility will consolidate product inventories currently housed in two separate locations in Asheville, resulting in increased efficiency and improved rates of delivery, according to a press release. Aeroflow will employ about 30 procurement, distribution and clinical...
Finance: Plan for sale well in advance
June 22, 2012Tom Shay
A. One of the benefits of owning your own business is the option of how you are established for tax purposes. As examples, you can be a partnership, sole proprietorship, LLC, Sub S, or Sub C. The choice is made according to how you can pay the least amount of taxes both individually and as a business.
Over the many years you own the business, your accountant is likely to advise you on how to claim as many expenses as possible. There are items that as an individual you cannot claim as an expense,...
Finance: Project your cash flow
May 24, 2012Tom Shay
A. For a business to have a comfortable amount of cash on hand, the business cannot be experiencing a tremendous growth or a comparable downturn in business. When there is a lack of sales, the business will have a tendency to require you to sell off inventory to pay the operating expenses. Of course, if you need all of that inventory to produce what sales you have, then you find yourself with a lack of cash.
At the opposite end of the spectrum is the business that is experiencing a sizable increase...
Change your attitude, try the French-fry close and stay away from extremes
March 13, 2012Liz Beaulieu, Editor
Last week, we kicked off our new schedule of HME New TV interviews for the next two months. This round of interviews covers a pretty wide range of topics. I'm pretty sure there's something here for everyone.
Win or lose at competitive bidding, you're scrutinizing your operations, right? Tune in right now for Miriam Lieber of Lieber Consulting on "Change your attitude about operational efficiency."
Wondering how much money you'll save with a modern software platform? Tune in tomorrow for Jana Macon...
Don't let performance improvement fatigue set in
September 26, 2010Chris Calderone
Operational efficiency has become a commonly used phrase as HME providers figure out how to deal with declining reimbursement and rising costs. Loosely translated, operational efficiency means that providers must be intensely focused on continuous process improvement in order to reduce the hidden costs associated with inefficient workflow and sub-optimal processes.
Areas such as intake, billing and distribution are often laden with workflow issues and waste. This means they also offer many improvement...