Tuesday, August 30, 2011

DME Bidding Program To Expand

According to this Bloomberg News article, Medicare Bid Process for Medical Supplies to Expand, "U.S. regulators plan to proceed with a program requiring durable medical equipment suppliers led by Lincare Holdings Inc. (LNCR) and Apria Healthcare Group Inc. to bid to sell to Medicare beneficiaries."

The Centers for Medicare and Medicaid Services announced the second round of a program that uses competitive bidding to set prices for DME. They plan to expand the program to 91 metropolitan areas by July 2013 and nationwide in 2016. Some companies think that the DME program will cause businesses to close, and make it harder for patients to get timely access to products and supplies.

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