Quipt Home Medical Corp T.QIPT

re: CMS SHARES BID PRICING FOR ROUND 2021

[lscfa]

Wow, no replies to this news. My 2 cents.....

CMS finally revealed the 2021 bidding results last friday. The market bids were way above currently approved reimbursement rates. No wonder the SOBs decided to not proceed. I suspect vent bids were probably above approved reimbursement rates too. I expect the industry is going to lobby for increases to reimbursement rates on the grounds that current rates are below market rates which will cripple small operators and reduce access to care by patients.

https://www.hmenews.com/article/cms-shares-bid-pricing-for-round-2021

 

[gibbonsj]

They did say it was cancelled because it did not produce the expected savings but I took that a face value I did not think the real reason was because the bids were well above lasts years bids.

[EStreet]

Totally inept, at everything they do,,!!

[besttobe]

Gibbon's wrote " I did not think the real reason was because the bids were well above lasts years bids." Just goes without saying, Gibbons is not the brightest cookie in the jar.