Tag: ACU-Serve
ACU-Serve recommits to resupply
May 3, 2024Liz Beaulieu, Editor
AKRON, Ohio – ACU-Serve recently made its first acquisition since a private equity investment in October, putting into action its plan to offer more than billing and collections, and revenue cycle management services.
ACU-Serve announced in March that it had acquired Siesta Key, Fla.-based Beyond HME, a company that provides live calling services for CPAP resupply. ACU-Serve previously announced a partnership with Beyond HME in February.
“We want to be the one-stop shop,”...
In brief: Trace recruits Geffert, Hoveround adds CRT, Joel Marx named Champion
March 22, 2024HME News Staff
WHITMORE LAKE, Mich. – Trace Medical, a provider of ventilation rentals and biomedical services, has appointed Clint Geffert, formerly of VGM & Associates, as its chief growth officer.
“We are excited to have Clint join the Trace team,” said Greg Apostolou, CEO. “His contribution to the HME industry has been nothing short of amazing, and his experience and industry-reach align well with our strategic growth plans.”
“Clint’s industry experience...
ACU-Serve acquires Beyond HME
March 20, 2024HME News Staff
AKRON, Ohio – ACU-Serve has acquired Beyond HME, which offers resupply services, in a strategic move to enhance its offerings.
"The acquisition of Beyond HME represents a pivotal moment for ACU-Serve as we continue to pursue strategic growth opportunities in the health care sector," said Jim Knight, president of ACU-Serve. "Beyond HME's reputation for excellence and its focus on re-supply services complement our existing offerings, positioning us for even greater...
Reimbursement: Understand new flexibility
March 13, 2024Noel Neil
Q. Can I apply the same new guidance for PAP masks to other accessories?
A. In February 2024, the DME MACs published a Dear Physician Letter (DPL) clarifying Medicare’s stance of masks for PAP and RAD devices. The DPL specifically addressed the PAP and RAD device masks, but does the same flexibility apply to other accessories such as tubing, cushions or pillows?
The letter indicates:
In order to promote patient adherence to PAP or RAD therapy, the treating practitioner...
Reimbursement: Document qualifying test result
February 7, 2024Noel Neil
Q. What do I need to document in the medical record to meet current oxygen policy requirements?
A. The current oxygen policy requires the practitioner to order and evaluate the results of a qualifying blood gas study performed at the time of need. I believe this requirement stems from the national coverage determination (NCD) but Medicare confirmed that the practitioner does not necessarily have to document that “I personally reviewed the qualify test result.”
However,...
Reimbursement: Follow instructions closely for orthotics
January 16, 2024Noel Neil
Q. Why are my orthotics claims denying?
A. Prefabricated orthoses fall under two categories: OR02 custom fitted or OR03 off-the-shelf. There is no physical difference between the two. The differentiating factor is the adjustment needed at the time of fitting. For OTS, minimal self-adjustment by the beneficiary, caretaker or supplier is required but does not require the services of a certified orthotist. Custom fitted requires the expertise of a certified orthotist or an individual...
‘The market is going to be choosy in 2024,’ analyst says
January 12, 2024Liz Beaulieu, Editor
PROVIDENCE, R.l. – A recent investment in ACU-Serve is indicative of just how important cash flow is to an HME provider’s appeal to investors and buyers, says Andrew Male of Citizens M&A Advisory, ACU-Serve's exclusive financial advisor on the deal.
“There’s a need for efficiency driven through technology,” he said. “Throughout the space, we know how important cash flow is for HME providers, especially for those with models that are more capital intensive....
ACU-Serve ‘speeds up’ growth
October 20, 2023Liz Beaulieu, Editor
AKRON, Ohio, and PHILADELPHIA – ACU-Serve’s significant investment from Lovell Minnick Partners will allow Founder and CEO Jim Knight to take the revenue cycle management company to the next level, he says.
ACU-Serve announced on Oct. 19 that LMP, a private equity firm that has raised about $4.75 billion of committed capital since 1999, will invest in the company through its affiliated funds, Lovell Minnick Equity Partners V and V-A. As part of the transaction, Scott Bagwell,...
ACU-Serve gets PE backing
October 19, 2023HME News Staff
PHILADELPHIA – ACU-Serve has received a majority growth investment from Lovell Minnick Partners, a private equity firm focused on financial services, business services and financial technology companies.
The partnership will allow ACU-Serve, founded in 1993, to expand its suite of comprehensive solutions, accelerate technology innovation and make acquisitions.
“We share a common goal of not only growing our business but also strengthening our relationships with our clients,”...
ACU-Serve gives providers options
March 31, 2023Liz Beaulieu, Editor
AKRON, Ohio – ACU-Serve’s partnership with Beyond HME is a nod to the importance of a multi-modality approach to resupply, even as more and more solutions emphasize all things electronic, say execs from the two companies.
ACU-Serve announced in February that it was partnering with Beyond HME, a Florida-based live call solutions provider, to offer resupply services, as well as compliance and full-service consulting, to its clients. Then both companies announced in March that they...