VGMHealthcare 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

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