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Category: Business
Competitive Bidding - Are you ready?
With the Medicare Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Competitive Bidding Program competitive bid window opening July 16, it’s time to make sure you’re on track to submit your bids before the bid window closes September 18. HomeCare asked Cara Bachenheimer, who chairs the government affairs practice at Brown & Fortunato, to share the basics before Round
OxyGo Announces Addition of CFO Louis Buchino
Westlake, OH – (June 25, 2019) – OxyGo, a company noted for providing high quality home healthcare oxygen products, announced that it has unanimously chosen Louis Buchino as the organization's next chief financial officer. On May 15, 2019 Buchino became the first CFO for OxyGo adding financial acumen to the executive team. “I am excited to have Louis join us at OxyGo. He will make an immediate impact here, adding expertise, energy and efficiency to our already highly skilled team,” says Victoria Marquard-Schultz, CEO of OxyGo. After working for two regional public accounting firms, Buchino obtained his MBA through Case Western Reserve and began working in private industry. His experience includes CFO and General Manager positions within the IT, Aerospace, and Energy industries. “I’m thrilled to have joined the OxyGo team. Ownership’s commitment to providing resources supporting their strategy for continued growth within the healthcare industry is laying the foundation for ongoing success. The company’s leadership also pushes a culture that strives for employee life balance, which is necessary to maintain top employees,” commented Buchino. Louis lives in Avon, Ohio with his wife and three children where he enjoys being active outdoors and attending the non-stop children’s activities. Louis is on the board of Kids in Flight and has a leadership role in expanding F3 to the northeast Ohio
Use Carriers, Bags or Carts When Handling Cylinders
To prevent cylinders from being damaged, use carriers, bags, or carts when handling and moving cylinders, particularly multiple cylinders. Do not try to carry a large number of cylinders under your arms. One wrong move or trip can result in the cylinders being dropped and potentially damaged.
Business Minefields To Avoid
Planning always starts with determining who and what you are, not who or what you wish you were. What are your strengths and weaknesses? Capitalize or develop your strengths and address your weaknesses, it is always the first step in your
Investing in your brand is often the best investment you can make!
How can you ensure you are earning that valuable referral? The obvious one is to deliver exceptional service so that the customer will be willing to recommend you. However, it’s sometimes hard to depend on your staff to deliver consistently exceptional service, and sometimes the customer will remember the individual as being wonderful, not your
Make Money In The DME Market
Use Applied's NEW non-delivery model by vastly reducing the number of cylinder deliveries reducing your cost by 50% or more. Everyone knows that the DME market has become more challenging over the last several years with reimbursement reductions, competitive bidding being implemented, increased audits and regulations by regulatory agencies, along with other factors such as nationwide recession. These factors have made it more difficult to remain profitable for many DME companies. The following are some suggestions that can help you save money. 1. Consider refilling your own oxygen cylinders. By investing in a transfilling system you can then purchase oxygen in bulk from a supplier rather than having the supplier fill all your individual cylinders. This can usually provide you with at least a 50% cost savings and often can be as much as a 100% reduction in your cost of oxygen. You also won't need as many cylinders as part of your inventory. There are many transaction cost savings that can be gained when transfilling. 2. Provide patients with conservers. Conservers can help oxygen supplies last up to 50% longer versus using traditional regulators on oxygen set-ups. This longer usage per cylidner can help reduce delivery frequency which will ultimately save money. Click here to check out our conservers. 3. Keep up with regulatory requirements. Rules and regulations that affect DME businesses are important to follow. By keeping up with all requirements yo
Make money despite competitive bidding
Ways for DMEs and HMEs to provide excellent patient care and still make a profit during competitive
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