Tag: Tycon Medical
Stakeholders ready case for other payers to follow Medicare
December 16, 2016Liz Beaulieu, Editor
WASHINGTON - Industry stakeholders are looking into whether or not other payers should have to follow Medicare's lead and retroactively delay reimbursement cuts that went into effect in rural areas on July 1.Because so many other payers base their reimbursement on Medicare's, shouldn't they also have to allow providers to recoup six months of payments, from July 1, 2016, to Dec. 31, 2016, as outlined in the 21st Century Cures Act?“When CMS dropped the fee schedule across the board on July 1,...
Trickle-down effect: Tricare rates nosedive
August 26, 2016Theresa Flaherty, Managing Editor
YARMOUTH, Maine - HME providers were caught off-guard when Tricare, the healthcare program for uniformed services members and their families, began ratcheting down its reimbursement rates to below Medicare's new reduced rates.“Tricare has typically been one of the better payers, so to see the rates fall as drastically as they have put a shock to us,” said Chris Smythe, vice president at Tycon Medical, which has locations in Norfolk and Portsmouth, Va., which has a large military community....