Page 21 - HME Business, July 2018

COMPANY PROFILE
WHILL Inc.
285 Old County Rd., Suite 6 San Carlos, CA 94070
Phone: (844) 699-4455 info@whill.us whill.us
WHILL is transforming today’s anti- quated power wheelchair and scooter experiences into a new kind of empowering devices--Personal Electric Vehicles--that are changing people’s perceptions of personal mobility. Headquartered in the San Francisco Bay Area with offices in Tokyo, Taiwan, and Europe, WHILL is focused on enabling everyone to experience movement in a new way and explore their world in comfort, confidence and style.
WHILL’s newest addition to their lineup of award-winning Personal EVs, the Model Ci, uniquely paves the way to an independent and connected lifestyle for those who experience difficulty walking. It quickly disassembles into three light- weight components for easy transport, features WHILL’s patented front omni- wheels — a revolution in wheel design that eliminates common caster wheel issues — delivering best-in-class indoor/outdoor versatility, includes the latest in technology, such as Bluetooth and mobile data connectivity, to provide addi- tional peace-of-mind for both the user and their loved ones, plus many more features and benefits.
WHILL Inc.
COMPANY PROFILE
A Primary Resource for HME Providers
Serving the home
medical equipment
industry since 1993,
HME Business provides
in-depth management
features, operations
insights and product
coverage to help HME
provider owners and
operators ensure they
are making the right
strategic decisions for their businesses and patients.
We serve our readers through a range of media outlets, including our monthly print publication, special supplements, the hme-business.com website, the weekly e-Source electronic newsletter service, special edition e-newsletters, and regular webinars covering a broad range of provider management topics. Additionally, our social media presence helps us stay actively engaged with the entire HME industry on a daily basis.
Regardless of where the industry heads, our goal remains steadfast: to ensure that we are giving providers the right information that can help them stay on top of pivotal trends, industry issues, key challenges and new oppor- tunities so that they can strengthen and expand their businesses, and improve the clinical care and service that they deliver to their clients.
HME Business
414901 Quorum Dr. Suire 425 Dallas, TX 75254
Phone: (949) 265-1561 dkopf@1105media.com www.hme-business.com
July 2018
Volume 25, Number 7
2018 BUYER’S
GUIDE
YOUR COMPENDIUM OF RESOURCES GEARED TO
HELP YOU GROW
Management Solutions | Technology | Products hme-business.com | July 2018 |HMEBusiness 21
REVENUE
With Diverse Revenues and Patients, HMEs Need RCM
CYCLE MANAGEMENT
For large healthcare
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? ?
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-
n i m e p s s l e e ms ? e H n o t i w n g s h R o C u M l d ? t Wh e h y a a t p a p r e r o t h a e c h
a p n i t d f a s l l e s r t v h i c e e y s s a h r o e u a l d v a a i v l a o b i d l e ? t Wo h h a e t l p t o o l s them? Read this month’s cover story to learn more .
Revenue Cycle
Management for HME . Page 17
What’s Inside:
HME Leadership by the Book . . . . . 13 News, Trends & Analysis . . . . . . . . . . 8
MakinganO2‘ModelMatch’ . . . . . . . Orthopedic Opportunities . . . . . . . . . Retail-ReadyProducts . . . . . . . . . . . . . 9 Ways to Thrive in Tough Markets . . .
12 24 26 30
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 .
May 2018 Volume 25, Number 5 hme-business.com
BLAST OFF A Collection of How-to Articles to Help HMEs Achieve Lift-off Welcome to the 11th edition of our annual HME Handbook . Each
7 7 I I D D E E A A S S T T O O H H E E L L P P Y YO O U U R R BUSINESS TAKE FLIGHT
year we try to present a number of HeaMsyE-tbou-dsiingessstoawrtnicelersathnadtmpraonvaigders with ideas on how they can drive new revenues and drive new efficiencies . Consider these handbook a launch- pad to hit new heights .
What’s Inside:
ManagingWinningTeams . . . . . . . . 24 News, Trends & Analysis . . . . . . . . . . 6 What’sYourHIPAARisk? . . . . . . . . . . . . 9 HMEInventory . . . . . . . . . . . . . . . . . . . 27 DreamWear’s Full-face Option . . . . . . 28 RetailHME’sFive-YearPlan . . . . . . . . . 30
We have published the HME Handbook since 2008, and the product has changed over the years . When we first started, the Handbook aimed to help providers prepare for significant industry changes that were on the way, such as competitive bidding, claims audits and other cuts .
However, where regulatory change once represented market disruption, now providers are old hands at being pushed out of their comfort zone . Now the Handbook aims to help providers consider a shifting market- place to be familiar territory .
In this issue, we look at seven topics including accreditation, women’s health, portable oxygen, home access, professional education, and enteral nutrition . Some of the articles discuss operational efficiencies, while others identify new business opportunities or methods for sharpening your business strategy . Also, to help you digest the information, we summarize key points and provide links to help you learn more about the topics .
2018 HME Handbook . . Page 10 June 2018
Volume 25, Number 6 hme-business.com