Thursday, March 28, 2024

State of the Industry address

Robert Lake

I am being asked by a local community business school to give a detailed
speech on our industry including the challenges we faced as over the past
36 months. I would love if you would rank the top five challenges you feel
your organization has faced and it’s effect on your earnings. Number one
would be a challenge having the most devastating impact on your company.
For example, number one may be RAC audits. two, physician stock and bills
and private physician DME billing. Three may be declining reimbursements.
Four, new Medicare pre payment reviews, finally, the consolidation of
hospitals has resulted in new personnel who do not have a working
relationship. I want to hear what you think, in your order of importance
please.

Please post ONLY the first five reasons that pop into your head! I will
post the responses most repeated. Thank you in advance for your help!


*Robert Lake, CPO *

*President*

*Ortho Works Inc.*

*(Street Level)346 East 76th Street New York, NY 10021*

*Phone: (212)879-8100Cell: (347)231-5860Fax: (212)-879-5175*

*Email: [email protected] *

*The information contained in this electronic e-mail transmission and any
attachments are intended only for the use of the individual or entity to
whom or to which it is addressed, and may contain information that
is privileged, confidential and exempt from disclosure under applicable
law. If the reader of this communication is not the intended recipient, or
the employee or agent responsible for delivering this communication to the
intended recipient, you are hereby notified that any dissemination,
distribution, copying or disclosure of this communication and any
attachment is strictly prohibited. If you have received this communication
in error, please notify the sender immediately by telephone and electronic
mail, and delete the original communication and any attachment from any
computer, server or other electronic recording or storage device or medium.
Receipt by anyone other than the intended recipient is not a waiver of any
attorney-client, physician-patient or other privilege.*

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