Tag: Price Wooding
Pain Points: Avoid compliance headaches
December 6, 2022Price Wooding
Q. Do I need workflow management software?
A. “Do I really need EHR/EMR software?” is commonly asked by start-ups and established HME facilities alike when trying to justify the expense of software. While this friction point is an understandable one – considering the accumulating required costs of starting a HME facility – the fact of the matter is: Software aids compliance.
As we know, operating an HME facility without a dedicated compliance program is akin...
Pain Points: Look beyond location
November 9, 2022Price Wooding
Q. What needs to be prioritized during a search for an HME location?
A. When opening, moving or scaling an HME/DME facility, the process of finding a suitable location that will best support your business needs can be a time consuming – and potentially frustrating – process. We streamline the undertaking by working backward; it’s time to ditch the standard real estate filters, and instead, look through the lens of compliant space considerations. Ready for your future-self...
Pain Points: View products as guiding strategy
October 12, 2022Price Wooding
Q. How do I optimize profitability and compliance by evaluating my product category accreditation?
A. Whether starting a newly accredited DME or adding accreditation to an established facility, evaluating which product categories to include on your application can be an overwhelming process. However, it’s also one of the most important. From CPAP to powered mobility to diabetes supplies, specializing your business in one or a few categories can be a determining factor of your operational...
Pain Points: Get into the mindset
September 7, 2022Price Wooding
Q. What is the mentality required for a successful entrepreneur entering the HME industry?
A. Imagine this: An HME facility known by community and clinicians alike as being a reliable source of empathetic support for patients in need of equipment and fostering trust through unwavering integrity and ongoing support. How does a business owner create such a facility?
Enter the successful HME minded entrepreneur: patient centric, patient and allergic to anything resembling a loophole....