The Centers for Medicare & Medicaid Services (CMS) announced the bidding timeline for Round 2 Recompete and the national mail-order recompete of the Medicare Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) Competitive Bidding Program, as required by law.
Under section 1847(b)(3) of the Social Security Act, CMS is required to recompete contracts under the DMEPOS Competitive Bidding Program at least once every three years. Suppliers "compete" to become a Medicare contract supplier by submitting bids to provide certain items in competitive bidding areas.
DMEPOS replaces fee-schedule prices Medicare paid for these items with lower, more accurate prices. This helps Medicare beneficiaries save money, ensures access to quality equipment, supplies and services, while limiting fraud and abuse in Medicare.
According to CMS Administrator Marilyn Tavenner, "the DMEPOS competitive bidding program has proven to be effective in obtaining fair prices for quality equipment like wheelchairs and walkers."
For more information about the DMEPOS Competitive Bidding program, please visit the Competitive Bidding Implementation Contractor's website www.dmecompetitivebid.com.
If you have any questions please feel free to comment below or send us an email [email protected], or reach us by phone 855-427-0427.
'Tis the season to Give Thanks! We'd love to Thank You with a cash credit on your account. We'll "Thank" you with these credits for every referral that signs up for HCP services.