Archive: February 2024
HME Home Health revamps website
February 29, 2024HME News Staff
RICHMOND, B.C. – HME Home Health has launched a re-designed website with an integrated HME E-Store offering online shopping and order fulfillment. "We are excited to launch our completely over-hauled and redone website and believe it will set the industry standard in Canada for home medical equipment dealers," said Robert Boscacci, CEO and co-founder. "HME's last significant website upgrade was in 2020, so the time was right for innovation and offerings for our valued customers.”...
Royal Philips proposes new CFO
February 29, 2024HME News Staff
AMSTERDAM – Royal Philips has proposed appointing Charlotte Hanneman as a member of the board of management, fulfilling the role of CFO effective Oct. 1, 2024. The proposal will be submitted to the Annual General Meeting of Shareholders (AGM) scheduled for May 7, 2024. Hanneman will join Philips as a member of the company’s executive committee on June 1, 2024, to start her induction and transition into the role, succeeding current CFO Abhijit Bhattacharya. Bhattacharya has been CFO and...
Know Labs unveils non-invasive CGM
February 29, 2024HME News Staff
SEATTLE – Know Labs, an emerging developer of non-invasive medical diagnostic technology, has unveiled KnowU, a wearable non-invasive continuous glucose monitor (CGM), the result of an accelerated development process over the last eight months. The KnowU incorporates the sensor that the company plans to submit to the U.S. Food and Drug Administration for clearance. “The prevalence of diabetes is growing globally at an alarming rate,” said Ron Erickson, CEO and chairman. “Millions...
Hanger launches investment platform
February 29, 2024HME News Staff
AUSTIN, Texas – Hanger has launched Hanger Ventures, a subsidiary designed to invest in entrepreneurs and small businesses and help bring innovative O&P health care solutions to the market.
“Hanger Ventures will enable us to provide resources typically not accessible to entrepreneurs and small businesses, collaborating from incubation to commercialization,” said Pete Stoy, CEO. “This type of collaboration enables us to be at the forefront of innovation, with...
React Health CEO: How do we make a frictionless solution?
February 28, 2024Liz Beaulieu, Editor
SARASOTA, Fla. – Bill Shoop, who spent 20 years working his way up the ladder at ResMed, says his move to React Health is about “unfinished business.”
“I still think there’s a lot of work to do,” said Shoop, React Health’s new CEO. “I think, as we’ve started to understand more about sleep disorders and respiratory insufficiencies, the approach to diagnosis and treatment has stayed the same. How do we make a more frictionless solution?”
Here’s...
In brief: Rotech’s notification, DOJ’s fraud record, VGM’s CISO
February 28, 2024HME News Staff
ORLANDO, Fla. – Rotech Healthcare on Feb. 23 provided notification of a recent privacy incident experienced by Philips Respironics that may have impacted certain information of patients who purchased Philips sleep and respiratory devices from Rotech.
“Although Rotech is unaware of any misuse of information resulting from this event, we are providing this notice in an abundance of caution,” the company stated on its website.
When reached for comment, a spokesman...
Inogen reports decreases, but plans for growth in 2024
February 28, 2024HME News Staff
GOLETA, Calif. – Inogen reported $75.9 million in revenue for the fourth quarter of 2023 compared to $88.1 million for the same period in 2022, primarily due to a decrease in domestic business-to-business sales and direct-to-consumer sales, partially offset by higher rental revenue.
The company reported $315.7 million in total revenue for full-year 2023 compared to $377.2 million in 2022, primarily due to declines in direct-to-consumer sales, as well as domestic and international business-to-business...
Joerns sells rental biz in certain states to MasVida
February 28, 2024HME News Staff
CHARLOTTE, N.C. – Joerns Healthcare has entered into a definitive agreement to sell its rental service network in Florida, Georgia, Louisiana, Oklahoma and Texas to MasVida Health.
As part of the transaction, MasVida has acquired Joerns products and associated operational assets in the territory, but Joerns has retained and will continue to operate its medical equipment sales and services business. Joerns will also partner with MasVida to support its expansion moving forward.
"Joerns...
Rhythm Healthcare names Yoel COO
February 28, 2024HME News Staff
CLEARWATER, Fla. – Rhythm Healthcare has named Mitch Yoel as its chief operating officer. Yoel has a long career in the health care industry, including roles at Drive DeVilbiss, and, more recently, at Journey Health and Lifestyle, where he served as CEO. "I am delighted to welcome Mitch Yoel to Rhythm Healthcare as our new chief operating officer,” said Doug Francis, CEO. “Having had the privilege of working alongside Mitch for over a decade at Drive Medical, I have witnessed...
CTF releases position statement
February 28, 2024HME News Staff
YARMOUTH, Maine – The Clinician Task Force (CTF) has released a “Scope of Practice for Seating and Wheeled Mobility Clinical Services” to define occupational and physical therapy roles and responsibilities in seating and wheeled mobility services. The position statement, completed in December 2023, also provides guidance for educators, rehabilitation professionals, medical providers, funding sources, policymakers and seating and wheeled mobility manufacturers. “We saw...