Yesterday, we posted a copy of the Medicaid bond form today we will touch on some of companies that will need to obtain the bond

New Surety bond requirement for Companies that supply medical equipment  or manufacture equipment such as orthopedic shoes and prosthetics will also have to obtain the Medicaid bond. The Bond amount is set at $50,000 and has a 30 day cancellation clause in it. Good news is that the bond is not a cumulative meaning that no claim can exceed $50,000

Companies will have to comply with the new law soon or are subject to  revocation of any medical billing privileges.

They may also suspend or revoke your license to provide health care by any state licensing authority to list a few consequences. The good news is that we can write these surety bonds whether  you have good credit or bad we will be able to help you.