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Tag: national rollout


News

VGM quantifies impact of bid program

September 21, 2016HME News Staff

WATERLOO, Iowa - Ninety-one percent of respondents to The VGM Group's “Supplier Impact Survey” strongly agree that the national rollout of competitive bidding has had a negative impact on their business.Fifty-eight respondents say they have eliminated between one and five positions since the bid program hit non-bid areas on Jan. 1. An additional 14% say they have eliminated between six and 15 positions.Seventy-four percent of respondents also say they are billing more claims non-assigned,...

national rollout, The VGM Group


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Vendors

Inogen faces fears head-on

December 1, 2015HME News Staff

GOLETA, Calif. - Inogen on Monday provided additional full-year guidance for next year, perhaps in a move to quell fears surrounding the national rollout of competitive bidding pricing on Jan. 1, 2016.The company, which manufactures and provides portable oxygen concentrators, expects adjusted EBITDA for 2016 to be in the range of $35 million to $37 million, representing 14.8% to 21.3% growth compared to its mid-point guidance of $30.5 million for 2015. It expects net income for 2016 to be between...

earnings, Inogen, national rollout, Oxygen


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News

CMS releases fee schedule amounts for rural areas

November 24, 2015HME News Staff

WASHINGTON - CMS has released revised fee schedule amounts for 11 product categories as part of its national roll out of competitive bid pricing on Jan. 1.CMS has based pricing in rural areas on the national weighted average plus 10%.For oxygen concentrators, for example, that means a 22% reduction in reimbursement, on average, in rural areas from 2015 to 2016.CMS plans to phase-in new pricing over six months. Starting Jan. 1, pricing will be based on a 50/50 blend of the current and adjusted...

competitive bidding, national rollout, rural areas


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