Tag: Great Elm Group
In brief: CMS boosts pay, MSC expands presence
May 14, 2021HME News Staff
WASHINGTON – CMS has established a higher rate of $750 to administer monoclonal antibody treatment to Medicare beneficiaries with COVID-19 in their homes, including permanent residences or temporary lodgings.
The new rate accounts for the increased costs associated with the one-on-one nature of this care model and reflects additional information provided to CMS about providing these services in a safe and timely manner.
“CMS’s decision to increase reimbursement...
Great Elm set to resume ‘more active acquisitions’
February 16, 2021HME News Staff
WALTHAM, Mass. – Great Elm Group reported $14.5 million in total revenue for DME for the three months ended Dec. 31, a 1% increase compared to the same period last year.
It reported a net loss of $2.9 million vs. $700,000.
“DME was able to grow revenue during the quarter despite the continued negative impact of COVID-19 on its business,” said Peter Reed, CEO. “Profitability was depressed during the quarter primarily as a result of legacy revenue reserve issues...