Today the DME market has a huge demand for the therapeutic benefits that the Durable medical equipment (DME) equipment provides to members of certain medical conditions and/or illnesses for making their life a little easy and more comfortable.
In fact, in the year 2022 the U.S. durable medical equipment market size was valued at USD 49.9 billion and is expected to grow over the year 2022 to 2027 at a compound annual growth rate (CAGR) of 6.0%; which is mostly due to, the increase of:
- chronic disease,
- rapid technological advancements,
- a rising aging population are the leading factors
Helping to improve your lifestyle, DME products like wheelchairs, blood sugar monitors, nebulizers walkers, etc with the expansion of competitive bidding is expected to control the reimbursement rate of the products, which is also likely to drive retail sales of several products in near future.
However, today the rising chronic disease like multiple sclerosis, cancer has not only anticipated to drive the demand for DME but also the present rising geriatric population is considered as one of the important reasons driving the growth of the U.S. durable medical equipment market
Moreover Dipak Nandi, M.D stated that the DME companies today feel the influence of not only reduced reimbursements but also competitive bidding and higher labor rate while handling the DME billing process; which is quite challenging. Furthermore, with the rising complication and rising demand, all this is a complete vain, if you do not have the perfect operational extension by your side.
Helping you achieve seamless DME billing processes with a faster reimbursement rate, a perfect operational extension today is the key to successful healthcare practice.
Eliminating all the unnecessary costs that in-house billers end up in spending, outsourcing organization helps with cutting those extra spending by taking care of all the spending which including for billers and coders training sessions, software installations, etc. A team of expert billers and coders working for DME billing not only helps in reducing the chances of your billing and coding errors further but also ensures timely claims submission along with lesser denial and rejection.
Outsourcing is the key to a successful DME healthcare practice, observed Dipak Nandi, M.D. who has been a pioneer in the field of healthcare outsourcing and telehealth solutions.
About Dr. Dipak Nandi – Recipient of several entrepreneurial awards, DR. Dipak Nandi M.D, A proud member of the prestigious AIIMS alumni and a board-certified psychiatrist; today has been involved across the United States and India with key strategic initiatives in healthcare services like medical billing and telemedicine.
Being a firm believer in outsourcing, Dipak Nandi has been the Managing Partner of Customer-First IT solutions provider, an India-based managed healthcare service provider. GoTelecare, a leading-edge solution provider of cutting-edge telemedicine and medical billing services under one roof is one of his visions for a seamless billing solution.
Along with being a member of the United States India Business Council (USIBC), he is also a member of the Board of Directors for the Nargis Dutt Memorial Foundation, primarily for Oncology treatment in the Indian subcontinent.