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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.


TSX:QIPT - Post by User

Post by SBAASTOCKS11on Dec 02, 2021 3:56pm
226 Views
Post# 34191915

Just In: CMS Announces 5%+ CPU Adjustments for DME in 2022

Just In: CMS Announces 5%+ CPU Adjustments for DME in 2022 https://www.hmenews.com/article/cms-posts-2022-fee-schedule-adjustments

CMS POSTS 2022 FEE SCHEDULE ADJUSTMENTS

WASHINGTON – CMS has published fee schedule adjustments of +5% or more for DMEPOS for calendar year 2022.  

Adjustments differ depending on whether the items serviced are competitive bidding program (CBP) items or in former competitive bidding areas (CBAs). Below is the breakdown:

  • CBP items in former CBAs: +5%
  • CBP items in non-CBAs: +5.4%
  • Non-CBP items: +5.1%

"While suppliers will welcome these increases, the DME community still needs additional rate adjustments to account for the widespread product price hikes, shipping surcharges, and new operational requirements that have increased costs for our industry," said Tom Ryan, AAHomecare president and CEO. "Suppliers need Medicare reimbursement rates that truly reflect the market realities they face."

Typically, the CPU increases for DME have been 1%-3%. Last year, the inflation adjustment was less than 1%.

In addition, CMS affirmed the continued adjustments for rural and other non-bid area relief included in the CARES Act as follows:

"Since the public health emergency has not ceased, the update for the 2022 DMEPOS and PEN fee schedule files continue to include the rural and non-contiguous non-CBA 50/50 blended fees and the non-rural contiguous non-CBA 75/25 blended fees required by section 3712 of the CARES Act."


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