Start Your DME Business
The Right Way!©
Start your own medical supply business the right way!
How to start a DME business
How To Start A DME Business | DME Consultants | Medical Equipment Consultants
How to start a Medical Supply Business
We can help you get started on how to build your own DME business the right way! When it comes to starting and building your own medical supply business, START DME, LLC are the leading experts and will lead you in the right direction to open your own medical supply store in your city. CLICK HERE to see our customer reviews and see what they have to say about our services.
If you’re a physician, occupational therapist, physical therapist, urgent care clinic, personal injury attorney, or a home health facility owner, the ability to add DME services are possible for your existing practice, facility or law office.
Starting a DME company / medical supply store? Contact us if you are starting a DME company. We can help you get all the knowledge you need to bill healthcare agencies.
There are many changes happening within the healthcare system and physicians are looking for ancillary services to build revenue, improve clinical outcomes and increase patient satisfaction.
The growth opportunities within the DME industry are growing very quickly! Consumer spending within the Durable Medical Equipment (DME) industry continues to grow, with projections reaching over $90 billion in spending by 2030 for DME products and services in the U.S. alone!
Why choose Start DME?
With over 20 years of combined experience, Start DME can get you on the right path in starting your own medical supply business/ store. Get best in class consultation and training for your medical supply business. Contact us today!
Why so much growth in DME?
There are a number of factors contributing to the growth of the DME industry and there are a few key factors. The first is that the U.S. population is aging with 10,000 people reaching age 65 each day! creating a high demand for durable medical equipment that help them manage or recover from a wide range of injuries or illnesses. Additionally, there is a growing preference for home-based care and increased coverage all Americans under the Affordable Care Act, both of which are increasing the demand for products that help sustain a higher quality of life. There is also a large growth in the personal injury segment within the healthcare industry. Personal injury can range from, orthopedic surgeries, to sleep apnea and brain injuries. There is a wide range of medical supplies to meet the needs of these patients as well. Many physicians wanting to add DME to their existing practice can benefit from keeping the revenue of medical supplies, but often seek out a medical supply company to take care of the medical supply needs of their patients. This is a great opportunity to add DME for your patients and increase patient satisfaction and have a better outcome for your own clinical practice.
Want to learn more? Let us lead you to success with a timely, efficient and effective solution.
How do I bill for medical supplies? How to understand the billing process for medical supplies. What billing codes are used for medical supplies? How to bill for medical supplies? What billing codes are used for medical supplies? DME billing codes. Billing process for DME. Medical supplies billing. DME billing process.
Answers to some of these questions can be found here: DME FAQ’S
Let’s get started today! Start your DME business the right way! How to start a DME business
There are many reasons to start a DME/HME company. The main reason is that there are currently 48 million Americans over the age of 65 – with 10,000 people turning 65 each day. With an aging population, the demand for ‘senior oriented’ medical products will continue to increase.
If you are an entrepreneur looking for a new business, or you are a physician or Urgent Care looking to improve patient satisfaction and, increase your practice profitability – the DME business is a great growth opportunity. Urgent care DME. DME for new clinics in Los Angeles
We have over 15 years of experience and we have perfected the application process. We will stay connected through the entire process with you! We promise a successful outcome for your new DME business venture! We are unlike other DME consultants. We will keep in contact with you throughout your entire startup process!
We are here to show you the entire billing process for DME from A-Z. We offer all the billing codes, and the billing training you need to get reimbursed by healthcare insurance companies including workers compensation insurance companies. Don’t settle for selling small ticket items online! Get reimbursed straight from healthcare insurance and workers compensation companies today! We offer detailed training on how to get paid directly from healthcare insurance companies! Fill out the form bellow or call us today at 855-KNOW-DME
We can aid you in every aspect of setting up a DME/HME business. If you are just starting out or even need any help we are here for you! We can help you in understanding the entire billing process from A-Z!
What DME products should I focus on? How Do I choose from so many DME products?
With over 4,000 medical supplies, it can be overwhelming on finding your target market in the DME field. We give you a layout of each segment within the DME niche so you can make a better decision on what DME niche to choose so you can expand and grow your DME business.
Coding, billing, and insurance verification can also seem overwhelming but one of our knowledgeable consultants can point you into the right direction and give you the knowledge you need to be able to make a decision as to what DME products YOU want to focus on.
Click on the video to see how to choose your niche in the DME field
The U.S. durable medical equipment market size was valued at USD 49.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2027. An increase in the prevalence of chronic disease, rapid technological advancements, and a rising aging population are the leading factors propelling the overall demand for durable medical equipment (DME) in the country. Rising product approvals are projected to further fuel the product demand. Durable medical equipment is the medical device used for improving the quality of the life of the patients. Some of the common DME include CPAP & BiPAP, Orthopedic post surgery braces, oxygen concentrators, and home care medical equipment . The expansion of competitive bidding is expected to control the reimbursement rate of the products, which is likely to drive retail sales of several products in the forthcoming years.
The rising incidence of chronic diseases such as cancer, multiple sclerosis, and rheumatoid arthritis, is anticipated to drive the demand for DME. As per the National Cancer Institute Report 2018, approximately 1.7 million people in the U.S. were diagnosed with cancer. Moreover, around a 70.0% rise is expected in new cases of cancer over the next couple of years. Such a significant rise in the disease occurrence is anticipated to drive the product demand. Neurological disorders, such as epilepsy and Alzheimer’s and Parkinson’s diseases are also expected to witness a surge in occurrence over the forecast period. As per a survey carried out by the American Neurological Association in 2017, around 5.3 million people in the U.S. were suffering from Alzheimer’s.
The increasing geriatric population is one of the important factors driving the growth of the U.S. durable medical equipment market. As per a survey carried out by the Population Reference Bureau in 2019, over 52 million people in the U.S. were aged 65 years and above. This number is anticipated to increase to 95 million by 2050. The geriatric population presents a greater exposure to chronic conditions, such as cancer, diabetes, and other lifestyle chronic disorders. Hence, the demand for DME is expected to increase in the near future.
What is the U.S. durable medical equipment market growth?
The U.S. durable medical equipment market is expected to grow at a compound annual growth rate of 6.0% from 2020 to 2027 to reach USD 79,562.4 million by 2027.
Branding & Marketing
As with any business, branding and marketing are essential. We offer branding services that are specifically designed for your DME business. Build your DME business with a strong brand and let us guide you every step of the way.
Call today! 855-KNOW-DME
“I want to sell Durable Medical Equipment at retail and start my Medical Supply business. What do I need to get started?” How do I get a DME license in my state?” How to become a medical equipment provider for workers compensation insurances?” “Should I bill out-of-network or bill in-network?”
ANSWER:
Once you have formed your business entity, you may need to obtain a Federal Employer Identification Number (EIN). If your company will have employees, you will need to register for payroll taxes. Next you will need to determine if any specific licenses are required to sell Medical Equipment Supplies (DME) at retail.
Currently twenty six states require a retail DME license. The license requirement sometimes depends on the type of DME’s that will be sold. The licenses are often administered by the state Board of Pharmacy. Common application requirements include corporate documents, fingerprints of owners and officers, and proof of insurance. DME retailers often must obtain a sales tax permit from each state they operate in. DME retailers may also need to obtain accreditation from one of the 10 national accreditation service approved by the Center for Medicare & Medicaid Services (CMS).
Ask us about our client discount price for DME Facility Accreditation
What is DME Facility Accreditation?
DME Facility Accreditation is for DME businesses that are looking into getting their Medicare PTAN number and become a Medicare provider or DME facilities looking into being IN-NETWORK providers for any PPO (Private Insurance) health insurances.
Get your DME facility accreditation through our client discount program price!
