Oxygen-Supplying Businessman Forced to Sell Property

A Chesterfield, Virginia County businessman is selling his 400-acre farm in a last-ditch effort to keep his medical supply company from going under. On September 9 Wayne Campbell’s property, which includes six parcels of land, equestrian facilities and the home where the owner of Richmond Respiratory and Medical Supply currently resides, will go on the auction block. Campbell has already laid off three employees, slashed salaries of remaining workers and gone six months without taking a paycheck. Campbell told the Chesterfield Observer he can’t afford to keep the farm. How did this happen? Campbell’s company was awarded a federal contract by the Centers for Medicare and Medicaid Services (CMS) to service Medicare patients requiring oxygen treatments in the Richmond “competitive bidding area.” Beginning in July, 2013 Medicare reimbursements for Campbell’s new three-year contract were cut by 41 percent. The business owner says 98...(Read Full Post)