Durable Medical Equipment Operations and Management-Video: Inventory Management

Video Transcription

Video Summary

The video covers crucial aspects of inventory management in Durable Medical Equipment (DME) programs. Allison Reisman shares insights from her experience in managing 42 locations at Gnomes Healthcare. Key points include identifying common challenges, implementing strategies, and leveraging technology like MotionMD and other cloud-based systems. Efficient inventory management, utilizing RFID or barcode systems, is emphasized for reducing costs, enhancing operations, and preventing shrinkage through regular inventory counts. Strategies include maintaining proper stock control by setting PAR levels, adapting to seasonal demands, and using data-driven approaches to illustrate financial impacts. The importance of training and contingency plans, such as pre-printing patient agreements for system downtimes, is highlighted. Additionally, the video discusses overcoming challenges like staff turnover and the integration of standardized systems across multiple healthcare locations to maintain operational consistency, even in decentralized settings. Overall, efficient inventory management ensures optimal stock levels, reduces waste, and prevents revenue loss.

Keywords

inventory management

Durable Medical Equipment

technology integration

stock control

operational consistency