HME Business, May 2018

What’s Inside:
HME Leadership by the Book . . . . . 13 News, Trends & Analysis . . . . . . . . . . 8
MakinganO2‘ModelMatch’ . . . . . . . 12 Orthopedic Opportunities . . . . . . . . . 24 Retail-ReadyProducts . . . . . . . . . . . . . 26 9 Ways to Thrive in Tough Markets . . . 30
REVENUE
CYCLE MANAGEMENT
W W h h a at t ’ ’ s s t t h h e e r r i i g g h h t t s s t t r r a at t e e g g y y ? ? W W h h a at t t t o o o o l l s s c c a a n n h h e e l l p p? ?
With Diverse Revenues and Patients, HMEs Need RCM
For large healthcare
rganizations such as hospitals and health networks, the practice of revenue cycle management has been a fundamental element of how they do business for years . Now, HME busi- nesses are starting to employ RCM to help them survive and thrive in a tight funding market .
Fortunately, those larger health entities have blazed some RCM trails . They have developed businesses processes and workflows, metrics that help them manage their RCM, and employed a variety of technology tools that have helped them improve efficiencies to boost revenues and margins . These are best practices that can help smooth the RCM learning curve in HME .
That said, running an HME business isn’t like running a hospital . There is a multitude of factors and challenges that are unique to the HME landscape provider owners and management must address . Moreover, how providers approach those challenges is unique, as well .
How can RCM help HME busi- nesses? How should they approach implementing RCM? What are the pitfalls they should avoid? What tools and services are available to help them? Read this month’s cover story to learn more .
Revenue Cycle
Management for HME . Page 17
May 2018 Volume 25, Number 5 hme-business.com