News
Home Oxygen Providers Cut Service to Maintain Profits
YARMOUTH, Maine—Home oxygen companies are downsizing and cutting patient services to maintain profits in the face of cutbacks in Medicare payment.
An article in the HME News, a business newspaper for home medical equipment providers, ran the following story this week:
YARMOUTH, Maine – In the face of dwindling reimbursement, providers are casting about for any and every way to reduce operating expenses as they grapple with the new hand dealt by Medicare.
Over the past year, some 61% of December’s NewsPoll respondents (110) reported that they’d managed to reduce their operating costs as a percentage of revenue, enabling the same percentage to maintain or increase gross profits.
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