Get Your Business on Track with Software Solutions
To succeed in competitive bidding, HMEs must take a closer look at their business models. In essence, the new reimbursement standards are forcing smaller mom and pop companies to become more business minded.
Submitting bids will require a realistic look at the costs necessary for business operations — a first for many companies. HMEs will be required to project inflation costs three years out, and many will need to tighten up areas to improve efficiency.
Computer software can help ease that process.
For starters, software is instrumental in the accreditation process. A company must be organized and provide documentation to pass accreditation requirements. Providers are already using software for accounting purposes, but new modules on the market allow the integration of accounting software with other business modules, such as inventory and clinical applications that allow employees in the field to upload notes instantaneously.
Modules also provide HR management, a tool necessary for today's new quality standards.
As technology becomes more common place, the costs for accessing that technology begins to decrease. Many of today's software manufacturers are offering online modules that significantly reduce the initial investment. The bonus for these modules is that files can be accessed anywhere, at anytime.
Perhaps the best argument for upgrading your software is for billing purposes. Today's systems are easy to use and offer reports to help a company stay on top of billing issues — including late payments and Medicare requirements.
Interested in checking out the latest inventory? The following software companies can help:
CareCentric
(800) 254-9872
www.carecentric.com
Computer Applications Unlimited
(717) 541-0651
www.cau.com
Curtis Software
(800) 648-2377
www.curtis.lek.net
DIABCO Medical Billing Systems
(800) 864-6210
www.ar-express.net
Fastrack Healthcare Systems
(800) 520-2325
www.onlyfastrack.com
Healthcare Automation
(800) 738-8850
www.healthcare-automation.com
Medforce Technologies
(866) 237-1190
www.medforcetech.com
Noble House
(800) 749-6700
www.nobledirect.com
QS/1 Healthcare Solutions
(800) 231-7776
www.qs1.com/hme
Remitdata
(866) 885-2974
www.remitdata.com
Team DME!
(888) 832-6363
www.teamdme.com
This article originally appeared in the April 2007 issue of HME Business.