Article
AAHomecare: Fly-in can be ‘difference maker’
May 10, 2024Theresa Flaherty, Managing Editor
WASHINGTON – Industry leaders are headed to Capitol Hill on May 15 to “rile up” lawmakers on the need to pass legislation extending 75/25 blended Medicare reimbursement rates in non-rural areas.
While the industry’s efforts to pass reimbursement reform have received bipartisan support in both chambers of Congress, the blended rates have not been included in recent spending bills.
“We've continued to talk to House and Senate leadership in the committees,...
Viemed broadens strategy
May 10, 2024Theresa Flaherty, Managing Editor
LAFAYATTE, La. – Viemed Healthcare’s integration of HMP is “hitting its stride,” helping the company build out a more diversified product offering, says CEO Casey Hoyt.
Viemed closed on its acquisition of Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions in June 2023. That deal, and a recent joint venture with East Alabama Health that gave Viemed a controlling interest in East Alabama HomeMed, provides...
Inogen: ‘We’re happy with what we’re seeing’
May 10, 2024Liz Beaulieu, Editor
GOLETA, Calif. – Inogen shared the ways it’s increasing “synergies and efficiencies” across its various sales channels during a recent conference call to discuss its financial results for the first quarter of 2024.
The company’s president and CEO, Kevin Smith, said these efforts include training its team to execute in both its direct-to-consumer and rental channels, launching partnerships within its business-to-business channel and generating new targets in...
Ryan Wood on the ‘automation race’ in cybersecurity
May 10, 2024Liz Beaulieu, Editor
WATERLOO, Iowa – Ryan Wood, VGM Group’s new chief information security officer, believes health care companies, as a general rule, need to “assume compromise” in the wake of the Change Healthcare cyberattack.
“Without knowing the specifics of the Change Healthcare cyberattack, I think we should be leaning on building our cyber program and infrastructure for resilience, rather than being focused on backup and recovery,” said Wood, a recent guest on the...
In brief: SoCal’s new ‘powerful platform,’ Vertess’ recognition, WHILL’s growth
May 10, 2024HME News Staff
TUSTIN, Calif. – SG Homecare, a provider of HME and supplies, has acquired Western Drug Medical Supply, creating a platform to scale in Southern California.
The combined entity has more than $150 million in annual revenue and more than 500 employees.
"This is a transformative moment for both SG Homecare and Western Drug Medical Supply," said Jay Wendt, CEO, SG Homecare. "We're committed to a seamless integration, fostering a powerful platform for growth....
Last call to pass DME sales tax exemption in Maine
May 9, 2024HME News Staff
AUGUSTA, Maine – AAHomecare urges providers in Maine to contact their elected officials and ask them to support LD 1184, a bill that would exempt durable medical equipment, breast bumps and mobility equipment from sales tax. The Maine legislature will vote on the bill on Friday, May 10. The vote follows the Appropriations Committee passing the measure by a strong, bipartisan 8-2 margin on May 7. Providers can use AAHomecare’s Voter Voice advocacy tool to send a pre-drafted...
Vertess recognized for dealmaking
May 9, 2024HME News Staff
FORT WORTH, Texas – Vertess was recently named the No. 1 lower middle market investment bank for Q1 2024 by Axial, a private deal network serving professionals who own, advise and invest in North American companies. Vertess facilitated three transactions in the quarter:
MyDoc Urgent Care, a multi-location urgent care center based in Pennsylvania, was acquired by MyTown Health Partners, a comprehensive practice management services organization recently formed by Webster Equity...
NCPA Foundation gets new leader
May 9, 2024HME News Staff
ALEXANDRIA, Va. – The NCPA Foundation has named Sonja Pagniano, CFRE, as its new executive director. Her responsibilities will include leading the foundation’s strategic growth and the successful implementation of its fundraising campaigns, marketing initiatives and other projects. Pagniano most recently served as the development manager for the Center for Disaster Philanthropy, which helps donors maximize their impact on long-term recovery from disasters through expert resources,...
SG Homecare acquires Western Drug, creating powerful platform
May 9, 2024HME News Staff
TUSTIN, Calif. – SG Homecare, a provider of HME and supplies, has acquired Western Drug Medical Supply, creating a platform to scale in Southern California’s home care market.
The combined entity has more than $150 million in annual revenue and more than 500 employees.
"This is a transformative moment for both SG Homecare and Western Drug Medical Supply," said Jay Wendt, CEO, SG Homecare. "We're committed to a seamless integration, fostering a...
Inogen: We’re ‘off to solid start’
May 8, 2024HME News Staff
GOLETA, Calif. - Inogen reported total revenue increased 8.1% to $78 million in the first quarter of 2024, primarily driven by higher international and domestic business-to-business sales, partially offset by lower direct-to-consumer sales and rental revenue. We are pleased to be off to a solid start at Inogen in 2024,” said Kevin Smith, president and CEO. “Looking forward, we remain focused on positioning the business for revenue growth, improving our operating discipline to drive long-term...