Dentists are no longer exempt from DMEPOS accreditation requirements.
The Centers for Medicare & Medicaid Services (CMS) created regulations for suppliers of Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) in 2009. In January of 2019, CMS informed dentists they are no longer exempt from DMEPOS requirements (42 CFR § 424.57). However, physicians and non-physician practitioners will remain exempt from the CMS regulations. Just like DMEPOS suppliers, dentists must be accredited by an independent accreditation organization recognized and approved by CMS. One of the requirements set by CMS is a $50,000 surety bond must be in place.
Get free quotes for your DMEPOS Surety Bond.
Suppliers of DMEPOS must comply with the Medicare program’s supplier standards.
What’s a DMEPOS surety bond?
Also known as a “Medicaid Bond” or “Medicare Bond,” a DMEPOS surety bond is required to lessen the risk of fraudulent suppliers. The DMEPOS surety bond is a 3-party contract consisting of the principal (dentist), the obligee (CMS) and the surety. Those purchasing medical supplies will be reimbursed by the surety if the principal fails to adhere to the CMS rules and regulations. The principal is required to repay the surety in full in the event of a valid claim. Dentists are now required to have a surety bond to be an accredited DMEPOS provider.
Get your DMEPOS Surety Bond, today!
Use our online application to get free quotes from leading surety companies for your required DMEPOS bond. If you have any questions about the bond, send us an email to firstname.lastname@example.org or call us at 866.722.9239 to speak with a surety bond expert.
How much does a surety bond cost?