Who Won in Round One?

Based on bids submitted by these suppliers, beneficiaries and Medicare will see prices, on average, 26 percent lower than Medicare currently pays for the same items. CMS received bids from 1,005 suppliers. There were just under 6,200 bids for one or more product categories in competitive bidding areas (CBAs) where the new program is being implemented. CMS offered contracts to 23 percent of suppliers that submitted bids. These suppliers were in the winning price range and met quality and financial standards and disclosure requirements. Sixty-one percent of the bids submitted were priced higher than the winning range, and just over half of these high-priced submissions were disqualified because they failed to meet other bid requirements. The remaining 16 percent of bids would have been in the winning range had they not been disqualified.

posted by dme alert service @ 6:31 AM