January 2018 - Wonder Worth Solutions

Interoperability for HME Providers: What it Means, Why it Matters?

January 31, 2018
Martin Jacob
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The world is getting smaller and smaller as more people connect with one another over networked computerised systems. Enhanced connections speed up reaction times as people can communicate more easily, but there are also gains being made as various software and computer systems link up with one another for automated…

January 29, 2018
Martin Jacob
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A Durable Medical Equipment License, sometimes abbreviated as DME License, is critical part of most medical practices. Having a DME License will increase practice revenue, improve patient care and provides additional non-practice revenue opportunities. I am writing you to discuss the benefits of dispensing durable medical equipment directly to your…

January 26, 2018
Martin Jacob
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Durable Medical Equipment billing workflow ensures an effective Revenue Cycle Management process. Moreover, with the minimum of errors in your DME billing, the process for claims management and thereby the Accounts Receivable collections also improves impacting the Revenue Cycle Management process providing for healthy cash inflows. Let’s see what are…

January 22, 2018
Martin Jacob
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I recently heard that DME suppliers are facing issues with their billing and with the tight margins of the DME industry, many suppliers are searching for ways to bring in extra revenue, and here are the five operational pain points to look into it.1. Reimbursement cuts: Obviously, the biggest pain point…

January 15, 2018
Martin Jacob
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The market for durable medical equipment (DME) is growing because of the ageing population and an increased desire by patients to stay in their homes. Difficulties with Medicare billing and lower payments are driving many DME suppliers to opt out, with patients paying out of pocket instead. Opportunities for Today’s…

January 8, 2018
Martin Jacob
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Patient No Shows are the bane of every medical practice, and having strategies in place to reduce them is essential. Nationally, most medical practices without a systematic patient reminder process average 18 to 20 percent no-shows monthly. Even with no-show fees in place (which may or may not get paid).…

January 5, 2018
Martin Jacob
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On June 20, 2017, The Centers for Medicare and Medicaid Services (CMS) released the 2018 Quality Payment Program (QPP) proposed rule, which proposes policies for the Merit-Based Incentive Payment System (MIPS) and Advanced Alternative Payment Model (APM) programs 2018 to impact 2020 Medicare physician payments. It doesn’t seem that long…

January 2, 2018
Martin Jacob
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As some providers continue the use of HIEs (Health Information Exchanges) some of the caregivers are turning to the new EHR alternative being offered, called “EHR Lite”. An electronic health record is an electric version of a patients’ medical history that is maintained by the provider over time. It may…

Month: January 2018

Interoperability for HME Providers: What it Means, Why it Matters?

Develop Your Practice Quickly and Commercially with a DME License

Best ways to improve your DME billing efficiency and Speed up AR Collections

Top Five Operational Pain Points for DME Suppliers

Fascinating DME Market Value Tactics That Can Help Your Business Grow

Four awesome ways to reduce Patient no shows

CMS releases 2018 Proposed Quality Payment Program Rule for Providers

Do we need EHR Lite for Medical Practice?

Mastering Medical Device Manufacturing: Purchasing and Supplier Management (Part 3 of 5)

Mastering Medical Device Design & Development: A Comprehensive Guide (Part 2 of 5)

Mastering Medical Device Design & Development: A Comprehensive Guide (Part 1 of 5)

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