How To Make Money With CPM
Across the United States, companies are earning income with CPM products in various ways every day. Income can be generated with daily rentals to hospitals, clinics and home.
Currently, the national average is $20 per day for home rental of knee cpm therapy through private insurance and Medicare. The suggested Medicare reimbursement codes for CPM therapy are E0935 for the daily charge related to the CPM device. The disposable softgoods pad can be submitted for consideration of reimbursement using code E0188 (synthetic sheepskin pad) or code E1399 (durable medical equipment miscellaneous). These are suggested codes only. We cannot guarantee that they are the most current codes available and you are responsible for submitting the correct code for reimbursement. Please consult your Medicare coding guidelines for futher recommendations.
Another opportunity to earn income is in the direct sale of CPM equipment and their disposables to the hospital, nursing home and clinic. The demand for CPM devices has increased with the growth in annual procedures where CPM Therapy is recommended. This growth is a direct result of the growing population of baby boomers requiring joint surgery and also the improvements in the implant technologies and procedures.