STUART, Fla., June 28 /PRNewswire-FirstCall/ -- Liberator Medical Holdings, Inc. , today announced that their subsidiary, Liberator Medical Supply, Inc. fulfilled the requirements for receiving the Exemplary Provider(TM) Certificate of Accreditation from The Compliance Team, Inc., a nationally recognized healthcare accrediting body based in Spring House, Pennsylvania. Liberator Medical Supply, Inc. is a specialty provider of general medical supplies, personal mobility aids, diabetic supplies, urological supplies, ostomy supplies and mastectomy supplies, serving customers both nationally through its mail-order operations and locally in a three county area out of its Stuart, Florida retail location.
After learning of his company's exemplary performance during the Compliance Team's recent validation visit, Mark Libratore, Chief Executive Officer, stated, "We consider this a great accomplishment. Everyone associated with our family of companies can be justifiably proud of their performance in helping us prepare for this honor, which demonstrates our commitment to quality and safety."
Mr. Libratore concluded, "We chose Exemplary Provider(TM) Accreditation because the Compliance Team's validation process was the best, most sensible way for us to meet the accreditation requirements of the Medicare Modernization Act. At the same time, we also see their accreditation as a quality recognition branding opportunity that highlights our on-going commitment to maintaining the highest levels of patient care excellence,"
In addition to putting in place fraud and abuse awareness safeguards, Liberator has implemented patient care improvement plans as part of a rigorous, continuously measured accreditation process. The program features annual validation visits and requires scoring of 90% or better to achieve accredited status. It also requires that Liberator perform Patient Outcomes Tracking that is reviewed quarterly by the Compliance Team.
All sites met the Compliance Team's accreditation requirements during recent on-site evaluations.
Sandra Canally, founder and President of the Compliance Team and herself a registered nurse, welcomed Liberator as the most recent successful participant in the Durable Medical Equipment industry's most comprehensive and innovative accreditation program. "Mr. Libratore and all of his staff have done a terrific job. They are a tremendous example of a safe, honest and caring Home Medical Equipment Provider that is most deserving of this recognition," declared Ms. Canally.
About The Compliance Team, Inc.
The Compliance Team introduced its service and product-line specific accreditation program for DMEPOS (durable medical equipment/ prosthetics/orthotics/ supplies) in 1998. Presently, companies that have earned the rights to display its Exemplary Provider(TM) Accreditation Certificate and Seal are operating in all 50 states and Puerto Rico. In addition to DMEPOS, the Compliance Team offers programs for Pharmacy; Elder Care; Ocularists; Home Health Agency; Independent and Group Physician Practices; Out Patient Care; and Small/Rural Hospital Services. Additional info can be found on their web site: www.exemplaryprovider.com.
About Liberator Medical Holdings, Inc.
Liberator Medical Holdings, Inc.'s subsidiary, Liberator Medical Supply, Inc. established the Liberator brand as a leading national direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors. An Exemplary Provider Accredited by The Compliance Team, its unique combination of marketing, industry expertise and customer service has demonstrated success over a broad spectrum of chronic conditions. Liberator is recognized for offering a simple, reliable way to purchase medical supplies needed on a regular, ongoing, repeat-order basis, with the convenience of direct billing to Medicare and private insurance. Approximately 75% of its revenue comes from supplying products to meet the rapidly growing requirements of general medical supplies, personal mobility aids, diabetes, urological, ostomy and mastectomy patients. Liberator communicates with patients and their doctors on a regular basis regarding prescriptions and supplies. Customers may purchase by phone, mail or internet, with repeat orders confirmed with the customer and shipped when needed.
Safe Harbor Statement
Certain statements in this press release that are not historical, but are forward looking, are subject to known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to be materially different from any future performance that may be suggested in this press release. Such risks and uncertainties may include, but are not limited to, the Company's need to raise equity capital and its ability to obtain equity financing on acceptable terms, if at all, regulatory limitations on the medical industry in general, working capital constraints, fluctuations in customer demand and commitments, fluctuation in quarterly results, introduction of new services, commercial acceptance and viability of new services, pricing and competition, reliance upon subcontractors, the timing of new technology and product introductions, and the risk of early obsolescence. Further, Liberator Holdings is a development stage company that operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond the Company's control, such as announcements and product development by competing product and competing service providers.
Liberator Medical Holdings, Inc.