Time = money
We all need more time in the day. For HME providers, losing time because of workflow inefficiencies means losing money in their business. It’s likely due to using outdated software solutions or manually managing operations. Upgrading your business management solution can help you achieve the highest possible levels of efficiency and automation – and save time and money.
The best software allows you to focus on higher payoff activities and produce better patient outcomes. That leads to accelerated growth and increased profits, giving you more time to explore improvements in these areas of your business:
What else can you do by upgrading your business management solution to save time and money?
Digitize your Business
Documentation errors can be expensive for HME providers. Organizations waste significant time and money by using manual processes for documentation and compliance. More importantly, outdated techniques put you at greater risk of having patient data compromised. Your referral sources are shifting from paper to digital. You should too! Go paperless with a document management solution that lets you build custom forms and automatically index/store/retrieve documents in your system. Eliminate paper forms and significantly reduce order processing time by up to 20 minutes per order. A complete documentation submitted to payers will increase the likelihood of approved claims and full reimbursement.
Think Mobile technology is expensive? Think again
A Mobile Delivery Management solution will help you eliminate paperwork, spreadsheets and sticky notes that can compromise patient data. Mobile Delivery helps you efficiently manage your delivery drivers and maximize productivity in the field. Obtain quick and intuitive access to electronic documentation can improve the delivery, billing and audit-ready aspects of your facility. The right business management solution can help you greatly reduce delivery and product costs by leveraging all delivery methods to achieve faster reimbursements with direct-to-patient shipping and improve efficiency with automatic population of delivery tracking information. The result could be a reduction of 30% or more in your DSO.
Take control of your Inventory
Outdated inventory management can lead to business hardships for HME organizations, including the inability to track misplaced or unaccounted inventory, having too much product on hand or not having a product when needed. To achieve efficiency and accuracy, providers should stop manually counting their products or relying on inventory software that is not integrated with the rest of the business. Manage your inventory in a system that is integrated with both the back office and your billing system to execute predictably, replenish accurately, and minimize labor costs and errors tied to manual reconciliation. The right inventory management technology can help:
- increase productivity
- enhance customer service
- maximize inventory turns
- flag obsolete and superseded products
- deter inventory theft
Incorporate a Resupply Program
Patient resupply enables providers to launch automated, intelligent patient contact campaigns to reach the right patient at the right time with the right product, encouraging them to maintain their equipment while also reinforcing compliance. You get to become a key player in your referral sources’ care team because you can help them avoid readmissions by helping patients comply with home therapy care protocols and more. Many profitable HME providers leverage this technology to streamline the re-ordering process, save time per order and enhance customer communication, leading to thousands of dollars in profits per month.
Purchasing made easy
Leverage technology to move inventory out of your warehouse and into the hands of patients. With Integrated epurchasing functionalities, your organization can become even more efficient and cost effective by ordering supplies directly from leading vendors and performing direct-to-patient shipping. This will help relieve shipping costs, reduce equipment delivery time and inventory costs. In addition, even if you are already using online ordering, Integrated epurchasing eliminates the need to key an order twice into both your system and the supplier’s system, which will help you automate tasks, reduce or eliminate adjustments resulting from manual entry, duplicate order entry and more.
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