On April 28, 2016, Proto Script Pharmaceutical Corp. was awarded a multi-year CMS contract authorizing the Company to furnish certain items under the Medicare Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Competitive Bidding Program (the "Contract").
Under terms of the Contract, Proto Script Pharmaceutical Corp. is authorized and required to provide specified items in certain Product Categories within specific Competitive Bidding Areas (CBAs) and submit claims to Medicare for reimbursement. The Contract period began July 1, 2016, and is scheduled to end on December 31, 2018.
The PSP Homecare competitively bid items fall into two product categories; 1) Standard Mobility Equipment and Related Accessories, including power operated vehicles (scooters), walkers, wheelchairs (powered and manual), and wheelchair accessories and seating; 2) General Home Equipment and Related Supplies and Accessories, including hospital beds (semi-electric and manual) and accessories, patient lifts, seat lift mechanisms, support surfaces (Group 1 and 2), and commodes, urinals, and bedpans.
PSP Homecare is authorized by Centers for Medicare and Medicaid Services to provide the competitively bid items in the following Competitive Bidding Areas, encompassing a total population of approx. 32.4 million people (United States Census Bureau)
PSP Homecare is developing new business opportunities via direct partnerships with healthcare institutions providing patient treatment. Through these partnerships, PSP Homecare can establish on-site Medical Supply Storerooms where exclusively PSP Homecare equipment is held for dispensing to patients that discharge from the facility.