Starting a Durable Medical Equipment (DME) company can be a lucrative venture, but the costs involved can vary significantly based on factors such as licensing, equipment purchases, and operational setup. Typically, you’ll need to invest in obtaining necessary licenses, setting up a physical or online store, and purchasing inventory. Initial costs can range anywhere from $50,000 to $100,000, depending on the scale of your operation.
For a comprehensive guide on the process and more detailed cost breakdowns, I highly recommend checking out this article by Niko Health. It provides valuable insights on starting a DME business, including legal requirements, funding tips, and operational strategies.
