Medical equipment quandary
From: Memphis Business Journal
CMS bidding process will put some out of business
Local businesses specializing in sales and servicing of durable medical equipment and supplies are scrambling to find ways to keep their Medicare lines of business financially viable after July 1 or risk laying off employees — or even closing operations entirely.
That’s when the Centers for Medicare & Medicaid Services will implement a new competitive bidding program for suppliers in Memphis and 90 other Metropolitan Statistical Areas across the country.
Under the new program, suppliers in defined geographic areas will submit bids to “ensure that beneficiaries have access to the equipment they need at fair prices,” Jonathan Blum, deputy CMS …
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