Spotlight on Asthma
A growing trend in the asthma market is the development of child-friendly nebulizers. These are standard nebulizers on the inside, but on the outside they are shaped to appeal to young children. Two manufacturers leading this trend are Medquip and Graham-Fields’s John Bunn line of products.
As all the industry knows, the Centers for Medicare & Medicaid Services (CMS) announced changes to oxygen payments last Nov. 1, 2006. Within the ruling are provisions for the repair and maintenance of equipment. However, there is a gray area concerning what happens after a beneficiary owns the equipment. If transfer of ownership occurs after three years, but the provider is still responsible for equipment maintenance for five years, what happens in between?
As the New Year begins, it is worthwhile to review your operations to incorporate new compliance requirements into your business and to anticipate changes that lie ahead. The new requirements include new supplier standards and the accreditation requirement, and changes to oxygen and capped rental equipment reimbursement under the Deficit Reduction Act of 2005 (DRA). The Office of Inspector General (OIG) also issued several Advisory Opinions in 2006 that are directly applicable to suppliers. Finally, of course, all suppliers are waiting with some consternation for the final rule on competitive bidding, which remained unpublished as of press time.
If you ask any person who has to collect accounts receivables whether they would rather collect from an insurance company versus a patient or family member, odds are they will choose the insurance company every time. Collecting for medical expenses is tough. Products and services provided by those in the HME industry are not something generally found on a Christmas or birthday wish list.