To thrive in the DME industry, it’s crucial to stay updated on federal, state, and insurance-specific regulations. In New Jersey, starting a DME business requires obtaining the necessary licenses, meeting Medicare and Medicaid standards, and adhering to HIPAA compliance for patient information. Proper billing and coding practices are essential to ensure timely reimbursements and avoid penalties. By thoroughly understanding these requirements and maintaining high-quality service standards, you can build a reputable and successful DME company that meets both patient needs and regulatory expectations.