Today we explain:
- Why all U.S. dentists providing medical devices to patients need a surety bond in 2019
- How we can help you get bonded quickly at the best rates available.
All medical professionals, including dentists, enjoyed an exemption to medical device sales regulation until now. Recently, the Centers of Medicare and Medicaid Services (CMS) enacted a new bond requirement for Dental Sleep Medicine professionals who distribute medical devices prescribed by other physicians. The new $50,000 bond requirement took effect on November 28, 2018 with the CMS requiring compliance within 60 days of notification.
Previously dentists received a physician’s exemption to the Durable Medical Equipment, Prosthetics, Orthotics and Supplies (DMEPOS) accreditation requirement. As a result, no surety bond was necessary. However, this exemption was designed for self-prescribing situations. When a dentist obtained a prescription for a medical device from another medical practitioner, this action exceeded the reach of the original rule. To clarify the situation and bring dentists to compliance, the CMS modified their regulations triggering a new bond requirement.
Obtaining a DMEPOS bond is easy:
Fortunately, obtaining the bond is easy and inexpensive. South Coast Surety offers DMEPOS bonds in all 50 states with a simple online application. Click the link below to apply and quickly get a free bond quote with the best pricing available nationwide: