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I was a programmer for many years, so I know how bad the internet can be for sustaining a good standard of living in the country, but if you're business smart, you will use it to cut a cost like this at least in half.
I also believe that companies that charge these high fees stay in business because of the elite population in the country. it just really depends on how much money you have at your disposal. Elite folks don't care about free information because they don't need it.
We run a small Medical billing service, can you give us more information on how to get into DME billing. We are located in NJ, and will be grateful if you can point us in the right direction.
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City County State license requirements are set by your area. You can go to CBIC web site and type in state licensing requirements and it will take you to a map of the us, select your state, and depending upon the equipment you want ot supply will tell you which license you need. I am in Al and city, county, state license is required. You also need a DME license unless you are located in a Hospital setting. If you are going to supply oxygen you will need a State Board of Pharmacy license. Most companies now require 1m/3m in liability insurance. Medicare required accreditation and surety bonds (50,000 per location). There are many regulatory guidelines for DME. Definately not for the faint of heart. Guidelines are tough for billing as well. I would look long and hard before I ventured into this business. If you dont follwo the guidelines the penalities are stiff. Look at OIG website. Hope this helps...
Good luck with your DME start up. I am from Equinox o2 Medical. We specialize in NPWT pumps and dressings. If you decide to do NPWT services, just send me a message. I'll forward my brochures and price list.
I live in Dallas TX and want to start aDME company .I am looking for a consultant to assist with the start up process. Can anyone recommend a good consultant or firm that specializes in DME start ups?
Would you be interested in diversifying? We are a genetic and toxicology laboratory that services physicians to help monitor prescribed medications.
If you are in the Pain Management, Ortho, Primary Care or OB/GYN world...you may have the relationships established to be successful in this space.
Email me for more information!
PS: I'm based in Fort Worth
Insurers including Medicare may require you to have a commercial place of business, not run it out of your home.
Especially if you carry anything classified as "pharma" Each state then also has physical and location requirements before you get licensed.
Keep in mind that Medicare is going (has gone) to competitive bid for certain geographies, and expect aetna et al to follow suit.
Write a business plan, do your research, then discuss it with others in the business.
We are the best DME billing company. We work on all claims & items. Billing, ICD / DX compatibility, Follow up's, appeals, medicare audits.. We charge reasonable @ 7% or per Full time employee basis.
I can be contacted directly at firstname.lastname@example.org .
Read read and don't be scared as I used to be of Medicare. It's regulated. But after a year I have found they have all the tool. They want dme companies that understand medical necessity. And have so many programs and learning networks. The referrals are the hard part. Ama consulting helps start ups every day and she is amazing Angela Austin. Ask questions. And read. There wasn't Google when o started and I wish you all the best. Learn all the medical terms you'll need them and reach out to your states board of pharmacy they can help.
> I am also thinking about starting one.But the
> consulting company asking $7500.00.Is it worth to
> pay that much or you think i can do this
> myself.Kindly reply.thanks.
I am thinking of starting a DME company in MA but have no idea where to start. I know you have been doing this for years, is there any advice to starting this up? What accreditations? Licenses? How much money to start? Educational background, i.e do you need a nursing degree to start this? Would it be possible to start with online and work out of the home or does a store front need to be present? Should I start with only a few specific items?
Sorry to bother you,
Thank you for your time!
When I do obtain a distributorship for a medical supply that is already Medicare Certfied would I need to be a Medicare contractor in order to sell/supply this product to DME retailers? I am interested in distributorship but not necessarily operating a DME outlet.
I would appreciate some helpful info. Thanks!