Group asks CMS to set guidelines for making surety bond claims
From: Home Care Magazine
WASHINGTON, June 21, 2012—An HME industry working group has asked the Centers for Medicare & Medicaid Services (CMS) to add practical guidelines for making claims on surety bonds. At issue is a recent decision by CMS to start making unannounced claims on surety bonds to collect relatively small overpayments from providers.
The working group—which includes AAHomecare, Bond Safeguard, Lexon Surety, The Wayne van Halem Group, US Rehab, VGM and VGM Insurance Group—made the following recommendations last week:
• Only allow DME MACs to trigger a surety bond if a threshold dollar amount is reached. • Provide better notice to … Continue Reading