Top Reasons to Automate Regulatory Change Management
LegalApril 26, 2022

Wolters Kluwer CT Corporation podcast explores one of the most regulated industries in the U.S.

Durable medical equipment providers that fail to comply with licensing laws risk civil and criminal penalties

Providers of crutches, oxygen devices and other durable medical equipment (DME) should be prepared to offer their fingerprints – and multiple other pieces of documentation – as they navigate one of the U.S.’ most heavily regulated industries. Failure to adequately manage the complex web of state and federal requirements involved can expose proprietors to civil and criminal penalties and result in the business’ closure, notes a Wolters Kluwer CT Corporation expert on the latest installment of the company’s CT Expert Insights podcast.

During the episode, Hans Howk, Manager of Content Management at Wolters Kluwer CT Corporation, discusses some of the common DME licensing mandates that exist at the local, state and federal level. DME vendors may be required to provide a copy of the owner’s fingerprints, a federal employee identification number, or evidence of registration with the appropriate Secretary of State.

Still, precise requirements can differ from entity to entity or state to state. Given the potential scope of the penalties for non-compliance, Howk recommends that DME providers contact an experienced partner such as CT Corporation to assist with tracking a dynamic regulatory licensing landscape.

“CT Corporation maintains an extensive database of local, state and federal licensing requirements and can serve as a trusted resource for clients to ensure that they file both accurately and on time,” he says.

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes.