Dme business plan

The first step is to find a commercial business location and decide which categories of durable medical equipment you would like to provide to patients. When starting a DME company, Medicare requires you to operate your DME business out of a commercial business location.

While competitive bidding under Medicare and other regulations have made DME sales more challenging, the U.S. DME market is expected to grow from $46.5 billion in 2015 to $60.2 billion in 2020. 1 Increases in the aging population, the move to serve more patients at home and increased insurance coverage all play a part in increasing demand.

A simple cross-reference guide is provided to match and successfully fulfill all the requirements. The Customized HME/DME Policies and Procedures Manualis available in e-book format for initial review and use by your team, and a hard copy 3-ring binder for licensing or accreditation review and approval.

A solid business plan must also include a breakdown of the financial information of the durable medical equipment company. The financial information includes an operational budget that shows the cash flow of the business by identifying the expenses and sales of medical equipment.