Archive: 2024
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...
WHILL marks expansion
May 8, 2024HME News Staff
SAN CARLOS, Calif. – WHILL has expanded its operations in North America, paving the way for the company to exceed its first-quarter goals. In Q1 of 2024, Scootaround powered by WHILL, the company’s rental operations, saw a 13% increase in cruise rentals compared to the previous year and an 81% increase compared to pre-pandemic levels in 2019. The company also enhanced its rental services in Miami and Galveston, Texas, by installing walk-up terminals. This summer, it plans further expansions,...
OHD adds phototherapy to line-up
May 8, 2024HME News Staff
DUNEDIN, Fla. – One Health Direct has expanded its offerings for its DME partners to include phototherapy products. "We aim to communicate four main points about phototherapy treatment to patients," said Alois Rubenbauer, CEO. "Phototherapy is safer, affordable, works fast, and is often more effective than other treatment options." Following its proven process, OHD will educate and guide potential phototherapy patients through the education and qualification process...
Coloplast sees organic growth
May 8, 2024HME News Staff
MINNEAPOLIS – Coloplast saw 8% organic growth in its second quarter ended March 31, 2024. Organic growth rates by business area were ostomy care 7%, continence care 8%, advanced wound care 8% and interventional urology 5%. “We deliver a solid second quarter with 8% organic growth and an EBIT margin of 27%, which is in line with our financial guidance,” said Kristian Villumsen, president and CEO, in an interim financial report. “I would like to highlight a strong Q2 performance...
Operational Efficiency: Offload tedious tasks
May 8, 2024Adam Nadler
Q. AI is all the buzz right now. How can we address concerns about AI replacing human jobs in DME?
A. In the world of DME operations, AI gets a lot of hype for its flashiness rather than its real benefits. But it’s not about replacing jobs – it’s actually a powerful tool that enhances human skills and boosts how efficiently we can work.
AI excels in automating the tedious, repetitive tasks that bog down the DME review process. It quickly detects errors and...
Value-based care: Be prepared and nimble
May 8, 2024Kaitlyn Rios
Q. How is the shift to value-based care payment models impacting HME companies?
A. The better question is, "How will it not?"
With clinical providers focused now more than ever on patient outcomes and satisfaction, it means they must maximize resources, they must aim to treat patients more effectively and efficiently in shorter time frames, they must work under tighter insurance reimbursement margins, and they must make every effort to reduce the overutilization of products...