Below is a letter to the editor that I received from West Coast provider Dennis Kline. While there are more than a few providers exiting the HME industry these days, they usually go quietly, by closing their doors without fanfare or by selling to a larger provider. But not Kline.
NORTH STILLWATER, Minn. – The Midwest Association for Medical Equipment Services (MAMES) is conducting a survey on Medicare audits in light of reports from several members that audits are being denied for technical reasons, not due to Medicare policy.
WASHINGTON – If the amount of feedback that the Senate Finance Committee has received on how to improve the audit process is any consideration, expect it to push for big changes.
Gaining insight into the procedures that are most commonly denied by payers and evaluating the reason codes that accompany the denials can help suppliers modify their clinical documentation and billing practices to prevent denials, reduce claims rework, and improve their cash flow.
ATLANTA – Providers must make compliance a priority because the stakes have never been higher to get paid and stay paid, a powerhouse panel of industry stakeholders said at Medtrade.
The word on the street is that it has been a tough year for manufacturers, especially those that make wheelchairs. There have been confirmed layoffs at Invacare and rumored layoffs elsewhere.
LAKE FOREST, Calif. – Apria Healthcare this week reported net revenues of $607.7 million for the three months ended June 30, 2012, compared to $576.3 million for the same period last year.
It reported net losses of $12.7 million vs. $9.4 million.
