Why Durable Medical Equipment providers should do retail
Medical equipment providers must plan for competitive bidding alternatives.
Competitive Bidding is affecting traditional DMEs
Competitive bidding reduces the number of sellers and thereby reduces competition.The competitive bidding program forces an unsustainable business model on the DME industry.
Medical Equipment Cash/Retail Industry is on the rise
The ever evolving DME industry has gone through some major changes in the last few years, competitive bidding has allowed dealers to explore cash product options to satisfy customer needs.
Increase Product Diversity for Retail Success
Competitive bidding has patients considering cash options like never before, dealers can take advantage of this situation by showcasing a larger variety of products.
Online Retail and Physical Store Retail
Competitive bidding reduces the number of sellers and thereby reduces competition.The competitive bidding program forces an unsustainable business model on the DME industry.
Why Sell Cash Products?
Selling cash products will provide you with a steady cash flow.
Your consumer mix, whether it’s predominantly Medicare or private insurance holders, will inform the best approach for your business.
All retail businesses have a cost to acquire a customer. This cost is part of the ongoing business plan.
