Tag: Bid Surety Bonds

WASHINGTON – Medicare’s bid surety bond requirement did not have a negative impact on small supplier participation in Round 2021 of the competitive bidding, says the Government Accountability Office in a new report.  For the report, “Effect of New Bid Surety Bond Requirement on Small Supplier Participation in the Competitive Bidding Program,” the GAO reviewed CMS’ data on supplier bids and contracts, and interviewed two DME trade organizations, including AAHomecare,...

WASHINGTON - CMS is seeking to require providers to obtain bid surety bonds, according to a proposed rule.In proposed updates to the End-Stage Renal Disease Prospective Payment System, CMS would require bidders to get a $100K surety bond for each area they bid in.The rule also proposes forfeiture conditions for the bid surety bonds. If a bidder does not accept a contract offer when its composite bid is at or below the median composite bid rate for suppliers used in the calculation of the single...