A DME License presents more opportunities than just the obvious one.  The obvious opportunity is the ability to maximize patient revenues by capturing DME reimbursements with DME dispensing. This is the core reason to obtain DME Accreditation but there are other opportunities available that you might not have thought about.

Stock& Bill Arrangements – A stock & bill arrangement, also known as a consignment closet allows you to add distribution points for your DME supplies with non DME Licensed practitioners. Stand alone physician offices, physical therapy offices and other chiropractors without DME Licenses make great stock & bill partners. These practitioners dispense your DME supplies providing the patient with all your information as the DME supplier and provide you with the patient information to bill insurance or Medicare. It adds convenience for the patient increasing patient satisfaction and provides you with added revenues for your DME Licensed dispensary. A properly run stock & bill network can generate significant annual profits. Some restrictions apply to stock & bill arrangements – DME Licensing Agent will train you and your staff to ensure your stock & bill arrangements are compliant.

Specialty Supplies – Multiple opportunities exist in specialty areas like Diabetic Supplies. A properly licensed DME supplier can open stand alone or mail order specialty stores. The latest CDC report estimates that 23.6 Million Americans have diabetes. They estimate the total cost of diabetes at $174 billion annually. $116 billion of that annually is in direct medical costs and $58 billion is indirect costs (work loss, disability & premature mortality). Source - http://www.cdc.gov/diabetes/pubs/pdf/ndfs_2007.pdf. In 2007 Liberty Medical, a diabetic supply company, was sold to Medco for $1.5 billion in a cash transaction. Source - http://www.tcpalm.com/news/2007/aug/29/30medco-buys-liberty-medical-parent/.

DME Supply Company – DME supplies range from diabetic testing supplies to wheelchairs, oxygen and even hospital beds. This is a big business and with increasing home hospice care, the industry continues to grow. A 2007 Census Report (http://www.census.gov/compendia/statab/2010/tables/10s0133.pdf) shows that Americans spent $61 billion on Durable and Non-Durable Medical Equipment & Supplies. Those numbers have grown significantly since 2007 with some estimates suggesting that Americans now spend more than $100 billion annually on medical supplies.

So, regardless of whether you are simply looking to grow your practice by dispensing DME to your patients or you are a budding entrepreneur, a DME License is a very valuable asset.

Call Robert now at (800) 718-2218 or direct at (812) 573-3021 for more information. Mention this email and receive 25% off your DME License processing. Visit our website for more information – www.dmelicensingagent.com.