A Successful Competitive Bidding Model Scott Lloyd July 29, 2014.

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Presentation transcript:

A Successful Competitive Bidding Model Scott Lloyd July 29, 2014

Tools We Have Utilized for Success Subcontracting Merging with contracted entities Revenue diversification

Subcontracting Utilized to “fill gaps” in contracts Focus on serving patients – not growing revenue Challenges Misalignment on acceptance policies Capacity issues Competence issues Patient confusion (particularly multi-service) Available dollars to divide Keys to Success Clear expectations in contract Process collaboration

Merging Contracted Companies Choosing acquisition targets with limited baggage

Revenue Diversification Dedicating resources to non-HME businesses Focus on non-CB items Retail strategy Focus on non-CB geography

Scott Lloyd Vice President of Respiratory & HME Advanced Home Care, Inc. (404)