Durable Medical Equipment: Competitive BiddingPosted by CSAdvocare on Jul 22, 2013 in Newsletters | 0 comments
July 1st, 2013 the government expanded its durable medical equipment competitive bidding program for durable medical equipment, prosthetics, orthotics and supplies. Colorado is now part of the program which aims to crack down on fraud and waste.
The Competitive Bidding Program replaces the outdated prices Medicare has been paying with lower, more accurate prices. Under this program, suppliers submit bids to provide certain medical equipment and supplies at a lower price than what Medicare now pays for these items. Medicare uses these bids to set the amount it will pay for those equipment and supplies under the competitive bidding program. Qualified, accredited suppliers with winning bids are chosen as Medicare-contract suppliers. Beneficiaries must use a Medicare approved vendor to receive benefits. The bidding program:
- Helps you and Medicare save money
- Ensures that you have access to quality medical equipment, supplies, and services from suppliers you can trust
- Helps limit fraud and abuse in the Medicare Program Medicare also has a new National Mail-Order Program for diabetic testing supplies, which applies no matter where you live.
If you have questions about how the competitive bidding program might affect you, please give us a call at 303-755-1845.