No matter what market segments your business is targeting, there may be value in exploring the possibilities of accreditation. In fact, if you are hoping to provide durable medical equipment, prosthetics, orthotics and supplies (DMEPOS) to Medicare beneficiaries, then you will have to be accredited by an independent accrediting organization (AO).
Especially in competitive markets such as specialty pharmacy and home infusion therapy, it may be wise to consider seeking independent assurance that your business is capable of delivering outstanding patient care.
Of course, there is a price to pay in both time and money, the latter of which starts at around $4,000 for one location for one year or around $8,000 for a three-year accreditation (and goes up from there depending on the AO and the size of your operation). But your business can profit from the benefits as well. You have to decide if those benefits outweigh the costs; our list of the pros and cons of accreditation below can help you make that determination.