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How to Open a DME Business

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❶Do put it to use — don't file it away. An LLC is far superior to incorporation because it protects both your business and personal assets.

Starting a Medical Supply Company Online – Sample Business Plan Template

These include selling all durable medical equipment, or specializing in equipment that provides continuous positive airway pressure -- also called CPAP -- and other respiratory equipment. As you investigate the different markets, look at the equipment and services offered by other DME providers in your community. You may choose to generalize, enter a niche market or provide repair services not offered by other DME providers, suggests Demock.

Narrow potential office locations down. Look at office space near doctors' offices, suites of medical providers or hospitals. When medical providers know about you, they are more likely to refer patients to you, says Demock. Pinpoint the personnel needs of your DME office. The market you plan to serve determines the kinds of employees you will be hiring -- if you plan to provide repair and maintenance services, you need personnel skilled in repairing medical equipment, like walkers, wheelchairs, hospital beds and battery-operated wheelchairs.

Hire office staff who can multitask, answering phones, working with walk-in customers and working on the computer. Your office staff members should be able to stay calm under stress and work well with customers who are ill and under stress.

Genevieve Van Wyden began writing in She has worked as a CPS social worker, gaining experience in the mental-health system. Skip to main content.

Obtain a business license from your city. Tips Medicare requires DME providers to obtain a license. As you look for potential office locations, be on the lookout for locations at a distance from other DME providers in your community. If you are in a larger city, such as Dallas or Los Angeles, potential customers who live in one area are more likely to visit your store if you place your office near them, rather than drive 20 miles to another DME office. These policies and procedures are the backbone of starting your DME business and describe how you will, provide equipment to patients, keep patient records, maintain a safe OSHA complaint facility, operate human resources, perform performance management, perform accounting functions, and much, much more.

Our policies and procedures are the cheapest and most comprehensive that you can buy. You must have a set of policies and procedures prior to your accreditation inspection, they are the first thing the accreditation inspector will ask to see when he comes through your front door!

For free information on the DME policies and procedures sold on this website, call: The third step for starting a DME business is to choose which DME accreditation organization you would like to become accredited through. Before you can send in your CMS s application for a Medicare billing number, you must be accredited by any 1 of the 10 accreditation organizations.

Medicare has given the contract to 10 accreditation organizations to perform inspections on DME businesses and you can choose to be accredited by any 1 of the Each accreditation organization has different specialties and pricing. For free information on which accreditation organization is right for your DME business, call: Many of the accrediting organizations have different prices depending on the categories of DME that you are going to provide.

This special discount pricing is not made public or posted on their websites. For free information on accreditation organization special discount pricing and which accreditation organization is right for starting your DME business, call:

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A business plan is required for all owners of new businesses, including those who wish to work with durable medical equipment. The business plan is a large plan that shows the desired direction of the business and suggests marketing and production methods that will allow the business to reach short-term and long-term.

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Zenergy Medical Industries medical equipment - supplies business plan executive summary. Zenergy Medical Industries will sell therapy systems for residents of Homecare and Assisted Living Facilities with X disease. Their contracted clinician/salepeople will establish ongoing relationships/5(17).

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Free Durable Medical Equipment Durable Medical Equipment Sample Business Plan for Durable Medical Equipment - Business Plan # Zenergy Medical Industries medical equipment - supplies business plan market analysis summary. Zenergy Medical Industries will sell therapy systems for residents of Homecare and Assisted Living Facilities with X disease. Our industry is Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS), focusing on the elder care /5(17).

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A durable medical equipment business or DME business is a firm or a company which sells the health care assistance for home for a long period of time, these. Do you want to start a medical supply company from scratch? Or you need a sample medical supply business plan template? If YES, then i advice you read on.