The return of Medicare’s competitive bidding program will further consolidate the home medical equipment (HME) industry, according to 90% of respondents to a recent HME Newspoll. And that’s the goal, they say. Respondents say the program is structured to award bids to fewer providers at lower reimbursement rates, shrinking the industry with each round. “Independent providers like myself see a dangerous agenda unfolding: The government and insurance companies are pushing for consolidation,” wrote one respondent. “They may call it efficiency, but the reality is harmful.” The impact is already visible.
Read the full article: Further Consolidation May Loom as Medicare’s Bidding Program Pressures Small DME Providers //
Source: https://www.hmenews.com/article/further-consolidation-may-loom-as-medicare-s-bidding-program-pressures-small-dme-providers