From: HME News
‘This is the first indication of a rate reduction based on the bid’
By Liz Beaulieu Editor
FRANKLIN, Tenn. – If you still think competitive bidding doesn’t affect you because you’re not in a Round 1 or Round 2 CBA, here’s a wakeup call.
HealthSpring, which owns and operates Medicare Advantage plans in 11 states and Washington, D.C., notified its contracted DME providers in an April 6 letter that it plans to adjust its rates based on the new competitive bidding rates. The kicker: The company states that “this is a corporate initiative to standardize our DME fee schedules across all states and markets.”