KNOXVILLE, Tenn. (August 26, 2014)—DeRoyal Industries, Inc. announced today their latest patent on a novel solution to increase business efficiency for Durable Medical Equipment firms.
According to company president and COO Bill Pittman, “Our Continuum system automatically reorders durable medical equipment when the product is removed from its storage bin and correctly associates the product with the fitter, the patient and the billing codes while automatically replenishing inventory.”
Today, inventory management, billing for services rendered and the medical items dispensed to patients can present challenges for DME firms. “Our system is passive and easy to use for clinicians, which is crucial as hospitals continue to outsource their durable medical equipment needs to third parties,” says Pittman.
Durable Medical Equipment firms dispense prosthetics, orthotics and supplies as defined by the Department of Health and Human Services and its Center for Medicare Services (CMS) as medical devices and are typically reimbursable under Part B of the U.S. Medicare health care program. These products are provided to patients who receive outpatient treatment for certain health problems that do not require inpatient admission to a hospital or other healthcare institution.
The patent is U.S. Patent Number 8,818,824, which issued on Aug. 26, 2014, and is entitled “Automated System for Medical Item Dispensing, Billing and Inventory Management.” Other patent applications are pending. The inventors named in the recent DeRoyal patent include CEO Brian DeBusk, president and COO Bill Pittman, vice-president of information technology Angie Sewell, vice-president of marketing Greg Hodge, manager of advanced technologies Kevin Lynch and director of technical services John Jacobs.
For more information, visit deroyal.com.
