Durable Medical Equipment Stocks List

Durable Medical Equipment Stocks Recent News

Date Stock Title
Nov 1 CNC CENTENE SUBSIDIARY BUCKEYE HEALTH PLAN AWARDED CONTRACT TO SERVE DUAL ELIGIBILE MEDICARE AND MEDICAID MEMBERS IN OHIO
Nov 1 LGMK LogicMark, Inc. Announces Adoption of Shareholder Rights Agreement
Nov 1 CNC Tenet Q3 Earnings Beat on Strong Ambulatory Unit, '24 EPS View Raised
Nov 1 PODD Insulet Announces Array of Activities to Support National Diabetes Awareness Month and World Diabetes Day in November
Oct 31 LGMK LogicMark, Inc. to Announce Third Quarter 2024 Financial Results on November 12, 2024
Oct 30 CNC AcariaHealth Shines at the 2024 NASP Annual Meeting: Transforming Specialty Pharmacy
Oct 30 PODD Insulet rolls out iPhone app for Omnipod 5 insulin pump in US
Oct 30 CNC AMBETTER OF ILLINOIS EXPANDS PROVIDER NETWORK TO INCLUDE ADVOCATE HEALTH CARE
Oct 30 LGMK Why Alphabet Shares Are Trading Higher By Around 6%; Here Are 20 Stocks Moving Premarket
Oct 29 PODD Omnipod® 5 App for iPhone® Now Fully Available in the United States
Oct 29 CNC CENTENE NAMED ONE OF FORTUNE'S® 100 BEST LARGE WORKPLACES FOR WOMEN™ 2024
Oct 29 CNC WHAT THEY ARE SAYING: 'Significant Positive Impact to…Patients,' Independent Physicians Say About $2 Million in Grants from Health Net
Oct 29 CNC Superior HealthPlan Awards $26,000 in Grants to 13 Nonprofits and Providers
Oct 28 CNC Is Centene Corporation (CNC) the Most Profitable Value Stock To Invest In?
Oct 28 PODD Here Is Why Analysts See More Growth After Meta's Impressive Gains
Oct 28 CRVL Under The Bonnet, CorVel's (NASDAQ:CRVL) Returns Look Impressive
Oct 28 CNC Company News for Oct 28, 2024
Durable Medical Equipment

Durable Medical Equipment (DME) is any equipment that provides therapeutic benefits to a patient in need because of certain medical conditions and/or illnesses.
Durable Medical Equipment (DME) consists of items which:

are primarily and customarily used to serve a medical purpose;
are not useful to a person in the absence of illness, disability, or injury;
are ordered or prescribed by a physician;
are reusable;
can stand repeated use, and
are appropriate for use in the home.DME includes, but is not limited to, wheelchairs (manual and electric), traction equipment, canes, crutches, walkers, kidney machines, ventilators, oxygen, monitors, pressure mattresses, lifts, nebulizers, bili blankets and bili lights.
Similar criteria are used by Medicare and Medicaid.
(n) The term "durable medical equipment" - DME - includes, but is not limited to, wheelchairs (manual and electric), hospital beds, traction equipment, canes, crutches, walkers, kidney machines, ventilators, oxygen, monitors, pressure mattresses, lifts, nebulizers, bili blankets and bili lights.Insurance companies will provide coverage for Durable Medical Equipment when it is determined to be medically necessary because the medical criteria and guidelines for its use are met.
Durable medical equipment may be covered when All of the following criteria are met:

1. The equipment provides therapeutic benefit to a patient in need because of certain medical conditions and/or illnesses; And
2. The DME is prescribed by a licensed provider; And
3. The DME does not serve primarily as a comfort or convenience item; And
4. The equipment does not have significant non-medical uses (e.g., environmental control equipment, air conditioners, air filters, and humidifiers).
Durable Medical Equipment and Services are not covered when..

The DME add-ons or upgrades are intended primarily for convenience or upgrades beyond what is necessary to meet the member’s legitimate medical needs. Examples include: decorative items, unique materials (e.g. magnesium wheelchairs wheels, lights, extra batteries, etc.)*; or
When it does not provide a therapeutic benefit to a patient in need because of certain medical conditions or illnesses; or
When the DME has not been prescribed by a licensed provider; or
When the DME serves primarily as a comfort or convenience item. Trays, back packs, wheelchair racing equipment are examples of non-covered or convenience items*; or
When the equipment is used in a facility that is expected to provide such items to the patient; or
When the devices and equipment are used to enhance the environmental setting (for example; air conditioners, humidifiers, air filters, portable Jacuzzi pumps, or chair lifts used to go up and down the stairs). These are not primarily medical in nature and will not be eligible for coverage*; or
For equipment delivery services and set-up, education and training for patient and family, and nursing visits, are not eligible for separate reimbursement regardless of agreement to rent or purchase.
For DME add-ons or upgrades that are intended primarily for member/caregiver convenience, or that do not significantly enhance DME functionality.*

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