Durable Medical Equipment Suppliers and Competitive Bidding (3)
Part three of this video series detailing the Feb. 11, 2009 House Subcommittee hearing on the impact of competitive bidding on small companies in the Durable Medical Equipment business. This video features expert testimony be Dr. Lawrence D. Wilson, director on the Chronic Care Policy Group regarding the topic of competitive bidding and its effect on DME suppliers.
Dr. Wilson discussed the three key components of the Medicare Modernization Act of 2003:
- Quality Standards and Accreditation
- Financial Standards
- Competitive Bidding
Wilson argues that these three tenets help "reduce beneficiary out-of-pocket costs, prove the accuracy of Medicare's payments, help combat fraud and ensure beneficiary access to high quality (Durable Medical Equipment) products and services.
This video is part three in the series of clips documenting this Congressional subcommittee hearing.
Please feel free to share any thoughts or opinions you may have in response to this video in the comments section below.
Related Videos:
- Durable Medical Equipment Suppliers and Competitive Bidding (#1)
- Durable Medical Equipment Congressional Hearing (#2)
- Durable Medical Equipment Bidding Practices (#'s 4 & 5)
Tags: Government, Medical Equipment, Videos
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