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Tag: Budget


News

In brief: Oxygen adjustment, in-person visits, PromptCare sale, Glooko’s raise 

March 19, 2021HME News Staff

WASHINGTON – CMS has published an adjusted fee schedule for oxygen therapy for April 2021 that no longer includes a percentage reduction to meet the budget neutrality requirement.  The adjustments result in an increase in fee schedule amounts ranging from $6.72 to $8.19 in former competitive bidding areas; $5.17 to $5.43 in other non-rural areas; and $4.14 to $6.82 in non-contiguous and rural areas, according to the VGM Group.  The fee schedule amounts are not retroactive...

Budget, Glooko, Mergers & Acquisitions (M&A), Oxygen, PromptCare, Reimbursement


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News

HHS budget proposes bid process for rural areas

February 13, 2018HME News Staff

WASHINGTON - The budget for the Department of Health and Human Services for fiscal year 2019 proposes two tweaks to Medicare's competitive bidding program for DME. First, HHS proposes eliminating the requirement that CMS pay a single payment amount based on the median bid amount and, instead, pay contract suppliers at their own bid amounts. Second, the agency proposes expanding the actual bidding process to all areas of the country, including rural areas. “Expanding competitive bidding...

Budget, CMS, Competitive Bidding, Department of Health & Human Services (DHHS)


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News

In brief: President touts bidding, Brightree seeks buyer

February 12, 2016HME News Staff

WASHINGTON - The president's proposed federal budget for fiscal year 2017 includes a provision to expand Medicare's competitive bidding to new product categories. The budget proposes that inhalation drugs; all prosthetics and orthotics; and ostomy, tracheostomy and urological supplies, all be included in the program. “Since implementation, the competitive bidding program for durable medical equipment, prosthetics, and supplies has saved the Medicare program and beneficiaries billions...

Brightree, Budget, Mergers & Acquisitions (M&A), National Seating & Mobility (NSM)


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Smart Talk

Finance: Create budgets to predict outcome

April 23, 2012Tom Shay

A. In a word: budget. Every business should be working with 12 budgets which represent the next 12 months. The monthly budget is your prediction of what that month's income statement is going to look like. Row by row, you are estimating what the numbers will be. You begin with your revenue; estimate your gross margin and every expense. The accuracy of the budget is determined by your ability to utilize your previous income statements as guidance. Let's use April as an example. Now is a...

Budget


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News

Missouri

July 22, 2010Liz Beaulieu, Editor

JEFFERSON CITY, Mo. - The state's Medicaid program made the following offer to HME providers in June: Come up with a way to slash $4.8 million from your budget and we won't reduce reimbursement to 80% of the Medicare allowable. Providers knew a deal when they saw one. They proceeded to propose cutting reimbursement for stationary oxygen concentrators to $90 per month and increasing reimbursement for portable oxygen concentrators to $150 per month, a move that would cut about $2.5 million from its...

Budget, Medicaid, Medicaid, Missouri


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