According to www.bizjournals.com, the new competitive bidding program is making life difficult for some DME companies, but Franklin, Tenn.-based Sleep Nation, Inc., is reaping the benefits.
As stated in a news release, Sleep Nation, Inc., has completed 43 acquisitions of CPAP businesses since the company's inception in May 2012. Thirty-eight of the purchases have come this year, giving Sleep Nation a large corner in the sleep apnea market.
"These acquisitions are providing us the scale to grow our business rapidly. Our team has done an admirable job integrating these acquisitions while providing great patient care," said CEO Richardson Roberts in a news release. "We provide an alternative for DMEs that either did not win Medicare competitive bidding, need capital to grow other product lines or don't have the software systems to handle their patient bases profitably in a reimbursement environment that demands increased efficiency."
"We have invested significant resources into our platform's systems and now are starting to reap benefits as we spread our fixed costs over more and more orders," said Roberts. "We believe our patients will notice the difference as our associates are able to respond quickly to their needs. Plus, we can interact with an increased number of patients while maintaining a personal touch."
Sleep Nation won competitive bidding contracts with the Centers for Medicare & Medicaid Services to provide services to CPAP patients in all 100 U.S. markets. Visit www.sleep-nation.com for more information.