Surety Bond
Jim DeWees
Description
Collection
Title:
Surety Bond
Creator:
Jim DeWees
Date:
9/9/2009
Text:
Last Friday (just before the holiday weekend), I got a letter in the mail from Palmetton GBA regarding surety bonds and accreditation. In it was a grid with Supplier Type, Accreditation and Surety Bond check boxes. For O&P facilities they have listed Ys in both boxes for Surety Bonds and also Accreditation.
At first glance, you would think that when there is a Y in the box, that it means that it IS required. But, then reading it closer, and the header at the top, it says that a Y means that it is exempt.
So, just so nobody gets confused and spends unecessary money on anything, according to this paper, O&P facilities that only bill for O&P and supplies, and who make custom O&P devices, are exempt from both accreditation and also surety bonds.
The reason I am sharing this is because I have gotten 3 phone calls from friends/colleagues asking me what I thought about this letter, and making sure they are understanding it correctly.
Basically, this letter is a great form of double-negativity.....a Y means that yes, you do NOT need to have a surety bond.....instead of a simple N, which means that no, you do not need a surety bond.
Remember that Palmetto GBA is the contracted company by Medicare/CMS to review and assign medicare provider ID numbers.
Thanks,
Jim DeWees, CP
_________________________________________________________________
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At first glance, you would think that when there is a Y in the box, that it means that it IS required. But, then reading it closer, and the header at the top, it says that a Y means that it is exempt.
So, just so nobody gets confused and spends unecessary money on anything, according to this paper, O&P facilities that only bill for O&P and supplies, and who make custom O&P devices, are exempt from both accreditation and also surety bonds.
The reason I am sharing this is because I have gotten 3 phone calls from friends/colleagues asking me what I thought about this letter, and making sure they are understanding it correctly.
Basically, this letter is a great form of double-negativity.....a Y means that yes, you do NOT need to have a surety bond.....instead of a simple N, which means that no, you do not need a surety bond.
Remember that Palmetto GBA is the contracted company by Medicare/CMS to review and assign medicare provider ID numbers.
Thanks,
Jim DeWees, CP
_________________________________________________________________
With Windows Live, you can organize, edit, and share your photos.
<URL Redacted>
Citation
Jim DeWees, “Surety Bond,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 26, 2024, https://library.drfop.org/items/show/230774.
