The Centers for Medicare and Medicaid Services (CMS) has issued final regulations regarding its new surety bond requirement for DMEPOS
(Durable Medical Equipment, Prosthetics, Orthotics and Supplies) suppliers. No later than 10/2/09 (5/4/09 for new suppliers or recent change in ownership), suppliers must provide the National Supplier Clearinghouse with a surety bond valued at no less than $50,000. This means any medical institution submitting an invoice to Medicare for payment, must provide this newly required bond. This includes more than 65,000 entities nationwide!