Proper documentation is critical to CMS reimbursement. Yet research shows that 33% of Medicare claims are rejected due to inadequate proof of delivery.
Most suppliers operate a trustworthy business, but mistakes can still occur. Paper forms are prone to loss, illegible handwriting, incomplete information, inaccurate data and missing signatures. Storing, and eventually destroying, all that paper can be a costly hassle. In the world of post-payment Medicare audits, the obligation to maintain these records doesn’t end when payment is received. CMS requires suppliers to maintain these records for seven years. Continue reading →
New technology is transforming the way companies manage their assets. Asset tracking software is not simply about knowing where your assets are. Today, it’s about providing a complete history for every individual asset and using this information to achieve operational advantages. If you’re still using a manual system to track the comings and goings of your equipment or if your current software system only tracks the location of your assets, your competitors just might leave you in their dust. Continue reading →
It’s been a rough road for many HME providers. From competitive bidding to audit chaos to face-to-face requirements, all sorts of outside influences impact your bottom line. You might feel like your hands are tied. However, there are things you can do to gain more control and remain competitive in this challenging environment. Continue reading →
Although companies are achieving substantial benefits with asset tracking software, it’s still a new concept for many businesses. If you’re just entering the arena and are trying to figure out if your business can benefit, here are five clues that will help you sort it out. Continue reading →
How HMEs Can Maximize Tracking Technology to Compete in an Uncertain Marketplace
By now, you’re probably aware that an automated asset tracking software solution offers a world of advantages including better equipment utilization, loss prevention, accurate rental billing, and more. These benefits alone can help your company survive as your reimbursement, regulatory and business environments continue to evolve.
However, the value of asset tracking software doesn’t stop there. Collecting data about the physical location of your equipment is only part of the picture. When you extend the capability of the mobile device – whether it be a handheld computer or a smartphone or tablet – to automate your workflows, you access a new level of efficiency and control. Continue reading →
Headquartered in Albuquerque, Argyle Welding Supply is a family-owned wholesale distributor of industrial, medical and specialty gases, welding equipment and supplies, with branches in Las Cruces (New Mexico) and El Paso (Texas).
Despite its success in the market, the company had still been faced with challenges; a lack of reliable data to provide accurate billing, resolve customer disputes and account for cylinders had a negative financial impact.
Partnership Offers Affordable Telemetry System to Industrial Gas Distributors
TrackAbout, a worldwide technology leader in asset tracking and management for the packaged gas industry, announced it formed a referral partnership with Vendor Managed Gas (VMG) to provide TrackAbout customers with remote access to cylinder levels, level alerts, temperature, and usage charts for high pressure and liquid cylinders. Continue reading →
Asset Tracking Software Integrates with Epicor, Sage, Infor and TECSYS Systems
TrackAbout, a technology leader in asset tracking and management for the packaged gas industry, announced that three North American distributors recently selected TrackAbout to integrate cylinder tracking data with their respective business management software solutions. Continue reading →
Most asset tracking systems are closed in nature. Regardless of the method used, information collected is generally confined within the four walls of the company managing the system. Distributors and end users each have their own way of keeping track of the assets that cycle through their facilities. Data is not usually shared unless trying to resolve balance disputes. As a result, there is no real collaboration between supply chain partners.
At TrackAbout, we’re inventing a future where collaborative tracking data is liberated. Our asset tracking software easily shares common information throughout the supply chain while keeping proprietary data secure. Partners enjoy a new level of efficiencies and cost savings while forging stronger relationships built on trust and customer loyalty. Continue reading →
This could be a defining moment for your company. Sooner or later a customer or prospect is going to require you to have asset tracking capabilities in order to do business with them. It’s likely they’ve experienced disputes over asset balances and incorrect invoices. Or perhaps they need a better way to comply with regulatory requirements. They’ve heard that asset tracking software improves accuracy and they see it as a way to manage these issues. How you react could be the difference between mediocrity and excellence. Continue reading →