From: Home Care Magazine
Round 2 of competitive bidding has dealt providers of diabetes supplies a roundhouse blow; how to recover?
by Greg Thompson
Tim Binkley got out while the getting was good, opting to sell the Medicare portion of Valentine’s Diabetic Supply last year. As president and CEO of the Roswell, Ga.-based supplier, he had seen enough. “We saw what happened with the first round of competitive bidding and its 56 percent cut,” he says. “It was unbelievable to think we could stay in business, and now they have cut it even more, 72 percent, with Round 2.”