Tag: Benefits 365

WASHINGTON - An analysis by the Kaiser Family Foundation found that Medicare Advantage enrollment increased nearly 10% in 2012, and by 30% since 2010, putting enrollment at a record high. The program grew from 5.3 million people in 2004 to a record 14.4 million in 2013, according to the analysis. From 2012 to 2013, Medicare Advantage enrolled an additional 1 million people. The HME industry is taking notice, with companies like Benefits 365 partnering with providers to help them crack the Medicare...

YARMOUTH, Maine - Some Medicare Advantage (MA) plans are starting to look more and more like traditional Medicare, industry sources say.In the wake of CMS's announcement of the Round 2 payment amounts, a Blue Cross Blue Shield MA plan in one state, for example, has shaved 10% off its reimbursement for HME. Another plan going in that direction: Windsor, says Tyler Poole.“We anticipated this,” said Poole, vice president of operations for Benefits365, a company that helps providers shift...

YOUNGSTOWN, Ohio - A self-proclaimed “lifer” in the HME industry has started a company to steer providers away from Medicare fee-for-service. And no, it has nothing to do with retail.Tom Ivany launched Benefits365 to help providers crack the Medicare Advantage market.“There's a lot of talk about the retail model, but I'm still not convinced that it's the best idea,” said Ivany, who also owns Youngstown, Ohio-based On-Demand Respiratory. “That's why we started this company....