Inflation vs. O&P fee schedule costs
Marty Mandelbaum
Description
Collection
Title:
Inflation vs. O&P fee schedule costs
Creator:
Marty Mandelbaum
Date:
5/29/2021
Text:
Dear List serve,
Why are we not able to get inflationary corrections in our federal and
state fee schedules? What can we do as an organization?
Our raw materials, componentry, rent, trucking, utilities, insurance,
fabrication costs, etc. all go up except our fee schedules!
See below, source - Morning Brew
1. Inflation
“Inflationary factors abound
< <URL Redacted> >,”
CFO Richard Galanti said yesterday. Those factors include higher wages,
higher costs for freight, more consumer demand, supply chain chaos, and
“various shortages of everything.”
And yes, that means you eventually might need more than a $5 bill to buy a
Costco rotisserie chicken:
- Beef prices are up as much as 20% in the last month.
- Prices for some apparel items are 3%–10% higher.
- Overall, the company said that price inflation at the selling level,
excluding gasoline, was 2.5%–3.5%, much higher than in March.
What Costco is seeing is reflected in the broader economy. A report
released yesterday showed that a measure of inflation grew in April at
its fastest
annual pace
< <URL Redacted> >
since
the ’90s.
<URL Redacted>
Marty Mandelbaum CPO, FAAOP
Why are we not able to get inflationary corrections in our federal and
state fee schedules? What can we do as an organization?
Our raw materials, componentry, rent, trucking, utilities, insurance,
fabrication costs, etc. all go up except our fee schedules!
See below, source - Morning Brew
1. Inflation
“Inflationary factors abound
< <URL Redacted> >,”
CFO Richard Galanti said yesterday. Those factors include higher wages,
higher costs for freight, more consumer demand, supply chain chaos, and
“various shortages of everything.”
And yes, that means you eventually might need more than a $5 bill to buy a
Costco rotisserie chicken:
- Beef prices are up as much as 20% in the last month.
- Prices for some apparel items are 3%–10% higher.
- Overall, the company said that price inflation at the selling level,
excluding gasoline, was 2.5%–3.5%, much higher than in March.
What Costco is seeing is reflected in the broader economy. A report
released yesterday showed that a measure of inflation grew in April at
its fastest
annual pace
< <URL Redacted> >
since
the ’90s.
<URL Redacted>
Marty Mandelbaum CPO, FAAOP
Citation
Marty Mandelbaum, “Inflation vs. O&P fee schedule costs,” Digital Resource Foundation for Orthotics and Prosthetics, accessed November 5, 2024, https://library.drfop.org/items/show/255389.
