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Started By
Message
re: Steps to start a medical supply business
Posted on 9/27/16 at 1:48 pm to financetiger
Posted on 9/27/16 at 1:48 pm to financetiger
OK, here's your first step. Post this on the Money Board if you want to go this route.
0
Posted on 9/27/16 at 1:49 pm to financetiger
WHERE do I get license and permits for a MEDICAL supply store?
Posted on 9/27/16 at 1:50 pm to financetiger
quote:
Depends...
That is an incorrect answer
Posted on 9/27/16 at 1:50 pm to financetiger
quote:
WHERE do I get license and permits for a MEDICAL supply store?
Whoa, guy. You just lost my business with that attitude.
Posted on 9/27/16 at 1:50 pm to financetiger
OK, I'm done. Why not call DHH? I guarantee they can help.
Posted on 9/27/16 at 1:51 pm to financetiger
I guess I'll do it. Was hoping a business owner would help to answer. Not sure too many people will see it on money board but will give it a shot.
Posted on 9/27/16 at 1:51 pm to financetiger
I'll try DHH. Thanks.
Posted on 9/27/16 at 1:53 pm to financetiger
Google Louisiana DME licenses and permits
Looks like DME is regulated by the Louisiana Board of Pharmacy
Looks like DME is regulated by the Louisiana Board of Pharmacy
This post was edited on 9/27/16 at 1:56 pm
Posted on 9/27/16 at 1:55 pm to Wimp Lo
Thanks Wimp
Posted on 9/27/16 at 1:57 pm to financetiger
What types of product are you trying to sell?
Posted on 9/27/16 at 1:57 pm to financetiger
quote:
WHERE do I get license and permits for a MEDICAL supply store?
What's next? How to do payroll? How to budget overhead? How to get insurance? How to sell medical supplies? How to balance cost and profits?
Dude you're fricked if you can't even figure out the permits.
Posted on 9/27/16 at 1:58 pm to The Mick
Depends
Posted on 9/27/16 at 1:58 pm to financetiger
I can help stock your shelves with extra bongs
-the ot
-the ot
Posted on 9/27/16 at 2:05 pm to Breesus
No, I've got all that. Not worried at all. Just need to know who to contact first.
Posted on 9/27/16 at 2:07 pm to Breesus
quote:
How to do payroll? How to budget overhead? How to get insurance? How to sell medical supplies? How to balance cost and profits?
Of course he's got that shite down he's the fricking financetiger, who do you think you're talking to, the licensesandpermitstiger?
Posted on 9/27/16 at 2:08 pm to financetiger
This post was edited on 11/8/20 at 1:23 pm
Posted on 9/27/16 at 2:12 pm to financetiger
I hope you don't think this is a quick process. Lets say your selling gloves or something direct to the public you have a quick path to startup.
Now if your selling a device and going to bill Medicare, strap in for the long haul to get Medicare certified. If you are going to branch out and try to get reimbursed by other insurance companies then you are in for an even longer haul. A DME is typically a company that supplies patients with product, then bills the patients insurance, then waits around to get paid 60 days or more. I hope you have some capitol to make it in the mean time.
Honestly if this is a product that is specialized your best bet would be to find an already established medical distributor and wholesale it to them.
You got a lot of ducks to get in a row, even before having any clue what your selling.
Now if your selling a device and going to bill Medicare, strap in for the long haul to get Medicare certified. If you are going to branch out and try to get reimbursed by other insurance companies then you are in for an even longer haul. A DME is typically a company that supplies patients with product, then bills the patients insurance, then waits around to get paid 60 days or more. I hope you have some capitol to make it in the mean time.
Honestly if this is a product that is specialized your best bet would be to find an already established medical distributor and wholesale it to them.
You got a lot of ducks to get in a row, even before having any clue what your selling.
Posted on 9/27/16 at 2:13 pm to financetiger
quote:
Just need to know who to contact first.
Your company lawyer, business manager or your partner who understands business.
If you don't have one of those, re-consider your plans.
Posted on 9/27/16 at 2:20 pm to Kraut Dawg
Kraut Dawg, thank you very much. This is exactly what I was looking for...useful info. Yes, right now I only know of wholesale distribution. Yes, I am in the medical field and know there is a very big need. No, not scooters or buttons. I'll check out sec. of state's office. Thanks! 
Posted on 9/27/16 at 2:20 pm to Kraut Dawg
quote:
Why don't you go to potential competitors as an alleged customer & see what info they give you? If it's wholesale, and I'm assuming you're already in the medical industry, I've learned sales reps love to tell you more than they should. That's what I've been doing the past month, getting tips from competitors under the guise of sales. Just ask them what you need to know. They may not know but could give you info to the next step.
You sound like you work for Endframe.
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