You must submit an application for a license to the Texas Department of State Health Services in order to get a DME license there. A completed application form, payment of a fee, and fulfillment of specific eligibility requirements are all required for the application procedure. Depending on the kind of DME you want to sell or distribute, these standards could change.
A multi-billion dollar industry, the DME sector is anticipated to expand over the next few years. The global DME market was estimated to be worth $154.5 billion in 2020 and is projected to rise to $271.0 billion by 2028, according to a Grand View Research analysis. A number of variables, such as an aging population, an increase in the prevalence of chronic diseases, and improvements in medical technology, are fueling the expansion of the DME sector.
In the United States, there are more than 15,000 DME suppliers as of 2021. These vendors include both big, international firms and small, independent companies. The vast majority of DME vendors are situated in cities, but there are also lots of vendors in rural areas that cater to patients who live far away.
Amazon is, in fact, a Medicare beneficiary. 2019 saw the launch of Amazon Care, a new initiative that offers virtual and physical healthcare services to Amazon employees and their families. The program, which is accessible to qualifying employees in a number of states, including Texas, Washington, and Maryland, is intended to provide a practical and economical alternative to conventional healthcare services. Although Amazon Care does not provide DME, it is an illustration of how tech businesses are expanding access to healthcare services by joining the market.
Durable medical equipment is available to patients from a variety of places, including hospitals, pharmacies, medical supply companies, and at-home healthcare providers. Depending on the kind of equipment required and the patient’s insurance coverage, a certain supplier might be chosen.
The cost of a blood pressure monitor, which is categorized as durable medical equipment (DME), is typically covered by Medicare in certain circumstances. The device must be ordered from a Medicare-approved supplier and be used as directed by a healthcare professional to monitor and treat a particular medical condition in order to be covered. The beneficiary must also be eligible for Medicare Part B and meet all other requirements.