Durable Medical Equipment Suppliers now Require Licensure in the State of Georgia

Durable Medical Equipment Suppliers now Require Licensure in the State of Georgia

As of July 1st, 2017, all Durable Medical Equipment  Suppliers (DMEs) must come into compliance with the Board of Pharmacy within the State of Georgia by becoming licensed under the Board.  Senate Bill 41, signed by Governor Deal on May 29th, requires that all DMEs that transact business within the State of Georgia are now required to obtain this specific license where no requirement used to exist.  DMEs are businesses that sell durable medical equipment to individuals receiving benefits from either Medicare or Medicaid.  Once the equipment is sold, the DMEs bill Medicare or Medicaid for the costs of the goods.  To be a DME, you must also furnish a surety bond in the amount of $50,ooo.  The bond protects the government in the event that a DME provider was overcompensated for sold goods and failed to repay their overpayment.  In general, this surety bond is a financial guarantee that a DME will comply with all laws and regulations applicable to their license.

American Surety Bonds is ready, willing and able to support your DME surety needs.  With our 4 tier surety program, everyone qualifies.  Simply start your application here, or visit us at suretybondsagency.com

The full version of Senate Bill 41 can be found here

Senate Bill 41
By: Senator Unterman of the 45th

Have Questions?

American Surety Bonds Agency, LLC
1935 Cliff Valley Way N.E. Suite 115
Atlanta, GA 30329
Sam Newberry – Managing Member
P: 404-486-2356 M: 404-550-3565
snewberry@suretybondsagency.com
suretybondsagency.com 

2018-03-15T00:19:33+00:00July 3rd, 2017|License and Permit Bonds|
American Surety Bonds Agency

Did You Find The Bond You Were Looking For?

We’re here to help answer your questions. Bonds can be complicated, our experts are on hand to help inform you of every aspect regarding your bond needs.  Let's talk.
APPLY TODAY
APPROVED TODAY!


 
APPLY TODAY
close-link