Spinal/Cervical Stim Going Rental Only

Anonymous

Guest
"The Centers for Medicare and Medicaid funding have proposed a rule to rent “routinely purchased” DME items falling under the three-year minimum lifetime requirement and that have allowables of more than $150.

Under the proposed rule, Medicare would only purchase an item outright if its statistics show that the agency purchased the item 75 percent or more of the time during the period of July 1986 through June 1987. If not, those items would be reimbursed on a 13-month capped rental basis.

“We expect that the overall impact of reaffirming the definition of routinely purchased DME and our proposal for classifying certain expensive items as cap rental would be a decrease in expenditures because payment on a 13-month capped rental basis rather than a lump sum purchase basis for certain, very expensive items would lower total payments for these items and because many beneficiaries would not rent the items for as long as 13 months,” CMS wrote in the text of its proposed rule.

The proposed rule can be read in full at:
http://www.regulations.gov/#!documentDetail;D=CMS-2013-0150-0002

CMS is taking comments on the proposed rule until 5 p.m. Eastern time on Aug. 30, and providers are encouraged to provide feedback at the following link: http://www.regulations.gov/#!submitComment;D=CMS-2013-0150-0002

Instructions and guidelines on how to format comments and submit them can be found here: http://www.regulations.gov/#!faqs;qid=6-2
 






"The Centers for Medicare and Medicaid funding have proposed a rule to rent “routinely purchased” DME items falling under the three-year minimum lifetime requirement and that have allowables of more than $150.

Under the proposed rule, Medicare would only purchase an item outright if its statistics show that the agency purchased the item 75 percent or more of the time during the period of July 1986 through June 1987. If not, those items would be reimbursed on a 13-month capped rental basis.

“We expect that the overall impact of reaffirming the definition of routinely purchased DME and our proposal for classifying certain expensive items as cap rental would be a decrease in expenditures because payment on a 13-month capped rental basis rather than a lump sum purchase basis for certain, very expensive items would lower total payments for these items and because many beneficiaries would not rent the items for as long as 13 months,” CMS wrote in the text of its proposed rule.

The proposed rule can be read in full at:
http://www.regulations.gov/#!documentDetail;D=CMS-2013-0150-0002

CMS is taking comments on the proposed rule until 5 p.m. Eastern time on Aug. 30, and providers are encouraged to provide feedback at the following link: http://www.regulations.gov/#!submitComment;D=CMS-2013-0150-0002

Instructions and guidelines on how to format comments and submit them can be found here: http://www.regulations.gov/#!faqs;qid=6-2


nice try, spine stimulators won't fall under this as much as you would wish it to. The investors who have millions invested in this company are already 3 steps ahead of the average investor. If this was truly going to happen the stock would be in the teens by now. Not gonna happen. At least for several years at least
 






This is mainly for manual and power wheelchairs. There is also a "grandfathered" rule for DME products that the healthcare industry and beneficiaries have come to rely on that have qualified as DME on or prior to January 1, 2012,
 






nice try, spine stimulators won't fall under this as much as you would wish it to. The investors who have millions invested in this company are already 3 steps ahead of the average investor. If this was truly going to happen the stock would be in the teens by now. Not gonna happen. At least for several years at least

Really? If they were that far ahead and that smart, they would be out, because this company is now a burning house of cards.....
 






This is mainly for manual and power wheelchairs. There is also a "grandfathered" rule for DME products that the healthcare industry and beneficiaries have come to rely on that have qualified as DME on or prior to January 1, 2012,

It's at $23 down from $45 moron. The teens are around the corner.
Stims don't work, have no up to date studies and cost too much for something made on a sewing machine for $50 bucks.They should (and will be) on the TENS isle soon at Walgreens. This game is corrupt and just about over! Look at the bright side, you have Brad Nieman at the and the Chief of people to guide you!!!! LMAO
 






























The problem is that if the CMS rental mandate occurs, all other carriers will follow suit.

Expect that to start when the big health insurers complete their next annual clinical policy bulletin update cycle. We can expect that to happen no later then 1/1/15 for all big health insurers, with some starting much sooner, such as around 4/1/14.

The same cycle happened when CMS excluded CLBP as a medically necessary DX for TENS in 2011. The big health insurers followed suit by the end of 2012.
 












All Bone Growth stimulators will go to rental with CMS, sooner or later. Then other carriers will follow.

Seriously, folks, these devices need to be rental, and we ALL know it.
 




































Doesn't matter, Orthofix will be in liquidation by then, buzzards picking at the carcass. Or maybe they'll sell Blackstone, bwaaahaaaa.

Nothing of any value here to sell. They should have sold the corrupt, scam stimulation business five years ago to some moron when it had some perceived value. Now its a sitting duck with declining reimbursement, investigations and rental status on the horizon.
Losers.