Tag: National rollout

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,...

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...

WASHINGTON - Industry stakeholders have logged on to the VGM Action Center and sent more than 1,100 messages in one week to drum up support for a new bill to soften the blow of the national rollout of competitive bidding pricing, according to The VGM Group. S. 2312, introduced Nov. 19, would, among other things, increase reimbursement by 30% in rural areas and 20% in regional areas, and phase in the new pricing over two years instead of six months. AAHomecare has also been encouraging stakeholders...

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...