VGM & ASSOCIATESHealthcare MSO

Decline in HME Providers Strains Those That Are Left

Published in Member Communities on June 26, 2020

HME News released an article about Medicare’s competitive bidding program and how it has decimated HME providers' ranks over the past 10 years, and now those HME providers that are left are in the middle of a pandemic and facing Round 2021.

While the industry has seen a significant decline in providers nationwide since the bid program debuted in 2011, providers are still hanging in there. 

"...[providers] are, in many ways, in a better position than hospitals and restaurants," says VGM’s John Gallagher.

“The feedback from many providers is they are pleasantly surprised their business is still here,” said Gallagher, vice president of government relations. “The Paycheck Protection Program and other assistance that came through—I think that helped many.”

Click here to read the full article from HME News.

TAGS

  1. competitive bidding
  2. vgm
  3. vgm government

Get Connected

Stay up-to-date on the latest resources and news provided by VGM & Associates.

Sign Up for Email

From Our Experts

Elevate Your Expertise in Home Accessibility with Certified Installer Training thumbnail Elevate Your Expertise in Home Accessibility with Certified Installer Training VGM Live at Home, in collaboration with longtime member Access to Independence, is proud to present the upcoming Certified Installer Training, taking place September 22-25 in Ravenna, OH. Honoring ADA: Heroes of DMEPOS thumbnail Honoring ADA: Heroes of DMEPOS Celebrate the vital role of DMEPOS and home healthcare, honoring the heroes empowering patients' accessibility and independence. Streamlining Processes and Enhancing Profitability in the Repair Department thumbnail Streamlining Processes and Enhancing Profitability in the Repair Department In the complex rehab technology industry, efficient and profitable repair departments are crucial for maintaining customer satisfaction and business growth. The Cost of Not Doing Your Due Diligence When Considering a New Billing System thumbnail The Cost of Not Doing Your Due Diligence When Considering a New Billing System For providers large and small, a reliable, accurate, and efficient billing system is essential for ensuring smooth, financial transactions and maintaining healthy cash flow. Bipartisan Medicare O&P Bill Introduced thumbnail Bipartisan Medicare O&P Bill Introduced In a timely move ahead of next week's NAAOP Legislative Fly-In, a bipartisan group of lawmakers introduced the Medicare Orthotics and Prosthetics Patient-Centered Care Act, a bill aimed at improving access to high-quality orthotic and prosthetic care for Medicare beneficiaries. The Patient-Centered Care Act seeks to address critical gaps in Medicare coverage for orthotic and prosthetic (O&P) services. Under current rules, beneficiaries may receive devices without the necessary clinical services Meet the VGM Live at Home Team! thumbnail Meet the VGM Live at Home Team! The first half of 2025 has brought exciting developments and fresh momentum to Live at Home, underscored by the integration of the VGM Member Success Team. Customization, Communication, and Clinical Strength: The Indie Edge in Complex Rehab thumbnail Customization, Communication, and Clinical Strength: The Indie Edge in Complex Rehab Independent complex rehab providers say they are differentiating themselves with product customization and referral and patient engagement. The Rising Cost of Doing Business in the Mobility and Complex Rehab Technology Industry thumbnail The Rising Cost of Doing Business in the Mobility and Complex Rehab Technology Industry This article delves into concerns of rising costs in the mobility and complex rehab technology (CRT) industry and explores potential strategies to mitigate their impact.

Give your business an advantage over the competition.

Become a Member