HCFA Medicare DME supplier surety bond proposal has 15% "penal" level with $3 mil. ceiling.
This article was originally published in The Gray Sheet
MEDICARE DME SURETY BOND PROPOSAL: COMMENTS ON WAIVER IMPLEMENTATION are being sought by the Health Care Financing Administration in a Jan. 20 Federal Register proposed rule. Under the proposal, HCFA would not immediately implement the waiver, citing a lack of time between enactment of the Balanced Budget Act and the Jan. 1, 1998 effective date of the requirement.
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Health Care Financing Administration's Oct. 11 final rule governing claim submissions for durable medical equipment, prosthetics, orthotics and supplies becomes effective Dec. 11. Designed to prevent billing fraud, the rule requires DMEPOS suppliers to obtain a surety bond, and to certify with supplier standards. The rule, which HCFA originally proposed in January 1998 (1"The Gray Sheet" Jan. 26, 1998, I&W-4), carries a 60-day comment period
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