Beginning July 1, Medicare and its beneficiaries are expected to pay less for durable and home medical equipment.
These new prices are determined by a competitive bidding process established as part of the Medicare Prescription Drug, Improvement & Modernization Act for 2003. Included in this vast legislative package were several provisions for a phase in awarding Medicare contracts to providers of durable and home medical equipment who offer the best prices for patients and hospitals. The Centers for Medicare & Medicaid Services (CMS) expects the new competitive prices to save Medicare beneficiaries $17.1 billion between 2013 and 2022. Before these competitive bidding contracts were established, prices on durable medical equipment through Medicare were set according to a fee schedule which was adjusted for inflation.
Home Oxygen Company, LLC of Modesto, California was awarded contracts in seven metropolitan statistical areas (MSAs), spanning from Bakersfield to Sacramento, in the product categories of CPAP Devices, Respiratory Assist Devices, and Related Supplies and Accessories; Oxygen Supplies and Equipment and Mobility (Walkers, Wheelchairs, Cushions, Scooters) and Related Accessories.
“We are fortunate to continue to offer Medicare Beneficiaries high quality equipment at heavily discounted prices for our national contracts. We will continue to offer the latest in oxygen therapy technology and is patient preferred” said Andrea Ewert, Chief Executive Officer of Home Oxygen Company, LLC.
Non-winning bid suppliers must choose whether they will continue serving their existing customers but will not be allowed to accept new customers effective July 1st, 2016.
Home Oxygen Company is a leader in respiratory services in the Central Valley and strives to educate patients about the latest technologies that can help those with respiratory difficulties. The company has services ranging from oxygen technology and therapy, sleep apnea therapy, power mobility & Durable Medical Equipment. Home Oxygen Company is locally owned in the central valley and is accredited by the Board of Certification/Accreditation International.