CMS addresses providers going out of business

Friday, August 23, 2013

WASHINGTON – CMS has announced that, effective immediately, it will allow the replacement of oxygen equipment when suppliers exit the business. In a bulletin this week, CMS stated that, under such circumstances, it will now consider the equipment lost and start a new 36-month rental period for the new supplier on the date the equipment is furnished. CMS noted that suppliers exiting the business without transferring patients to new suppliers are in violation of statutory and regulatory requirements.