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Article: Medicare opts for streamlined cuts; Medical equipment suppliers say drop in reimbursement better than bidding.
- Article from:
- Crain's Cleveland Business
- Article date:
- September 1, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: SHANNON MORTLAND
No one likes to receive less for his or her products unless you're a medical equipment supplier such as Joe Petrolla, who won't see Medicare cut its payments for home health equipment as much as he and other vendors had expected.
Mr. Petrolla, president of Seeley Medical Inc., already is trimming staff and seeking other ways to absorb a 9.5% reduction in Medicare reimbursement levels for durable medical equipment that will take effect in January.
The across-the-board cuts are considered the lesser of two evils faced by medical equipment sellers.
Medicare had intended to extract cost savings from a competitive ...