Quipt Home Medical Corp T.QIPT

2022 reimbursement rates

[lscfa]

Some items > 10% increase....   

 

https://www.cms.gov/medicaremedicare-fee-service-paymentdmeposfeescheddmepos-fee-schedule/dme22
 

 

E0466	Home vent non-invasive inter	2022	2021	Increase	Increase
	Ceiling	1167.80	1111.13	56.67	5.10%
	Floor	992.63	944.46	48.17	5.10%
E1390	Oxygen concentrator	2022	2021	Increase	Increase
	Rural	151.15	136.22	14.93	10.96%
	Non-rural	115.89	103.86	12.03	11.58%

[Carlito3311]

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[Trademark11]

QIPT does 45MM in medicare reimbursements annually at this time.  The price increases represent approx $2.4M -2.6MM in revenue by my calculation that will fall directly to the bottom line.  Anyone who runs their own business knows that price increases without client attrition nor demand destruction results in free cash flow to the bottom of the profit/loss sheet.  

[Carlito3311]

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[Trademark11]

Carlitto, you might want to pick up the phone and have a chat with management then.  Your natiative is not what I am hearing from them

[Trademark11]

narrative

[Trademark11]

Further, just so you don't try to bash this down, management guided before the rate increase taking into account issues anticipated on the cost side of supplies.  The rate increase then acts as "found money" and is added directly to the bottom line of guidance.  Hope that helps with your computations

[Carlito3311]

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[Trademark11]

I guess all I can say is that you clearly do not run your own company

[lscfa]

do more dd, you dope....   Quipt will have the opportunity to acquire used equipment and repair in-house, allowing Quipt the ability to redeploy equipment on its patient population, thus providing the opportunity to lower equipment acquisition costs.       

[Carlito3311]

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[gibbonsj]

Carlito you're such a schmuck you make me laugh. You and best2be same old same old on and on you both go about nothing. You're still here so I assume you haven't sold your shares.

[lscfa]

Try looking beyond a qtr or two, you short-sighted dimwit. The whole industry is experiencing 5% organic growth due to demographic trends (increasing no.s of 65+ seniors). Even if there was no organic growth a consolidater increases value by getting rid of duplicate costs.    

[besttobe]

ISFCA wrote "Try looking beyond a qtr or two, you short-sighted dimwit. The whole industry is experiencing 5% organic growth due to demographic trends (increasing no.s of 65+ seniors). Even if there was no organic growth a consolidater increases value by getting rid of duplicate costs.  " Meanwhile in reality land the unprofitable ten year old roll up, continues to flounder...

[lscfa]

Moron. The industry was already experiencing cost increases. So a rise in reimbursement rates falls to the bottom line.