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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 lscfaon Jul 08, 2022 9:32am
275 Views
Post# 34810653

CALIFORNIA BUDGET CONTAINS WINS FOR HME

CALIFORNIA BUDGET CONTAINS WINS FOR HME

CALIFORNIA BUDGET CONTAINS WINS FOR HME 

SACRAMENTO, Calif. – California’s recently passed $308 billion budget includes several positive changes for home medical equipment.  

Those changes: 

  • It makes permanent the 100% of Medicare for all respiratory equipment and supplies that was established by the Department of Health and Children’s Services during the PHE; 
  • Eliminates the 10% cut on all DME and CGMs; and
  • Eliminates the 10% cut for orthotic devices on July 1, 2022, or when federal approval is obtained, and on Jan. 1, 2023, for prosthetic services/devices.
  • The changes were pushed by the California Association of Medical Equipment Product Suppliers and other industry stakeholders.

“The positive outcome achieved for our industry outlined herein is a prime example of what we can achieve when we identify a common goal, put our collective voices together, and initiate the necessary conversations with the people who can help us achieve our desired outcomes,” said Craig Douglas, vice president of payer relations for VGM & Associates. “When we find ourselves in situations where something is not reflective of our current environment, whether that is a medical policy, a reimbursement rate, etc., regardless of how long that policy or rate has been in place, we need to point out the insufficiency and work together toward a better outcome.”


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