New bidding study: 'Things are not all fine and dandy' - HME News

New bidding study: 'Things are not all fine and dandy' - HME News:

"As soon as CMS announced the winning bidders Nov. 3, Invacare began analyzing them. While the results are still preliminary, Bachenheimer said she's 'comfortable' saying that 40% of the winners fall into one or more of the following categories: they have credit limits of less than $10,000; they are on credit hold; they have no homecare account with Invacare; or they are so far behind on their payments that their accounts have been turned over to collections.

'We are the largest (HME) manufacturer, and if we haven't heard of them or they don't have an account with us, some of them are new companies spun out of nowhere, and that doesn't bode well for financial viability,' she said."