CHARLOTTE, N.C. (May 20, 2022)—Prochant, a revenue cycle management (RCM) provider with more than 20 years' experience, particularly in the home medical equipment (HME) space, announced a partnership with VGM & Associates to be the member service organization’s official partner for focused billing solutions.
“I have been involved with VGM since 2003 and experienced first-hand the invaluable services the organization provides to the HME field,” said Mathew Mammen, CEO of Prochant. “As experts in RCM for the HME, we feel a responsibility to be present and accessible to HME providers. This partnership with VGM will provide exactly that. Our international business is wholly owned, with domestic leadership and global resources providing a truly unmatched level of expertise and service. … Our goal is to show VGM members fast, secure and efficient ways to automate their RCM processes, spend less time buried in paperwork and more time making lives better.”
The company is HITRUST Common Security Framework (CSF) certified in HIPAA compliance, so clients can be sure their data is safe.
Experts predict the HME industry growing 6.8% compound annual growth rate (CAGR) by 2027 according to Allied Market Research. Meanwhile, HME providers are struggling with an industrywide staffing shortage from COVID-19 quarantines and changes in work culture. The increase in demand coupled with staffing shortages has revealed critical faults in the billing process for HME providers.
“Prochant has forged a great reputation in the HME revenue cycle management marketplace and we couldn’t be more pleased to partner with them to bring cost-effective billing solutions to VGM members,” said Scott Owen, senior vice president of contracting for VGM. “Connecting our community with Prochant is more important than ever due to significant labor shortages coupled with rising labor costs. Prochant gives members access to a hybrid workforce of domestic and global labor, providing labor cost-savings.”
Prochant’s partnership with VGM, effective March 1, 2022, signals a key step as the HME industry modernizes its billing practices and rises to meet the demands of a growing population in need of safe, efficient, and affordable home care.
Visit prochant.com and vgm.com for more information.
