Rotech ‘ready to assist’ as bid program wreaks havoc
ORLANDO, Fla. – Rotech Healthcare announced this week that it has received contract offers for general HME and standard mobility for all 117 competitive bidding areas as part of the Round 2 re-compete.
The national provider has also received offers for respiratory equipment for 116 CBAs.
The offers are a bittersweet, Rotech says.
“While we are excited about winning oxygen and CPAP in 116 CBAs, we are also disappointed bid pricing rates continue to reach levels that are devastating to the industry,” said Tim Pigg, CEO, in a press release.
CMS released new single payment amounts for the Round 2 re-compete on March 15, doling out cuts that range from a few percentage points to up to 20% above and beyond the original Round 2. It plans to announce contract suppliers this spring and apply new pricing July 1.
Rotech says it expects the reimbursement cuts to force providers to close their doors, resulting in “extreme” access to care issues.
“Rotech will be ready to assist patients stranded by their current provider,” the company stated.