In Brief: Medicare DME supplier surety bond
This article was originally published in The Gray Sheet
Executive Summary
Medicare DME supplier surety bond: The Health Care Financing Administration is developing a Federal Register notice requiring Medicare/Medicaid durable medical equipment suppliers to post a surety bond of at least $50,000, HCFA Director of Program Integrity Linda Ruiz states at an Oct. 9 House Ways and Means hearing. HCFA also is contemplating a "graduated sliding scale based on the amount of Medicare billings, either a $50,000 minimum or 15 percent of the amount shown on the IRS 1099 for each supplier," Ruiz states. The Health Insurance Portability and Accountability Act of 1996 authorized HCFA to impose the bond requirement in order to reduce Medicare fraud...
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