Article
ResMed signals possible end to CPAP crunch
January 27, 2023Liz Beaulieu, Editor
SAN DIEGO – ResMed was able to take its AirSense 10 fully connected CPAP device off allocation in the U.S. market in January, CEO Mick Farrell said during a conference call to discuss its financial results for the second quarter fiscal year 2023.
Furthermore, the company expects to be able to meet all demand before the end of this calendar year, he said, paving the way for providers to get patients on therapy in days or weeks vs. months at the height of a supply crisis created by a...
Viemed’s Casey Hoyt on win: ‘We had the confidence to fight’
January 27, 2023Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare’s recent victory at the administrative law judge level of the Medicare appeals process is as much a win for the company as the HME industry, says CEO Casey Hoyt.
Earlier this month, an ALJ judge ruled in favor of Viemed, overturning all remaining disputed claims for non-invasive ventilation related to the findings of an Office of Inspector General report and ordering CMS to return 100% of the previously remitted funds to the company.
“DME...
Stakeholders push for Medicaid rate reform
January 27, 2023Liz Beaulieu, Editor
WASHINGTON – As part of a new national campaign, AAHomecare is asking industry stakeholders to use the recent CPI-U adjustments to the Medicare fee schedule as a talking point with state Medicaid programs to increase their rates.
CMS in December published a fee schedule reflecting 6.4% to 9.1% CPI-U adjustments, prompting AAHomecare to develop a template letter that stakeholders can personalize and share with state Medicaid programs to help provide a “rationale” for...
Terri McCleod’s three-minute elevator speech on certification
January 27, 2023Theresa Flaherty, Managing Editor
NEW YORK – Terri McCleod, who received the 2022 Jim Newberry Award for Extraordinary Service, worked at a pharmacy/DME to put herself through college, obtained her first certification from the Board of Certification/Accreditation in 1985 and was trained by none other than Newberry himself.
“It’s such an honor – Jim and I had such wonderful conversations and meetings through the years,” says McCleod, who retired two years ago after a 51-year career specializing...
In brief: F&P’s expectations, insulin affordability, Power 500 list
January 27, 2023HME News Staff
AUCKLAND, New Zealand – Fisher & Paykel Healthcare expects full year operating revenue for the 2023 financial year to be within the range of about $1.55 billion to $1.6 billion, the company announced on Jan. 19.
In F&P’s Homecare Product Group, sales of obstructive sleep apnea masks have remained strong, said Lewis Gradon, managing director and CEO.
“Our mask sales growth rate is currently tracking above that of our first half as global supply of CPAP hardware...
ResMed reports ‘strong sales growth’
January 26, 2023HME News Staff
SAN DIEGO – ResMed reported revenue increased by 16% to $1.03 billion in the second quarter of fiscal year 2023 compared to the same period the previous year.
Net income was $224.9 million vs. $216.2 million.
“During the second quarter, we significantly increased production and delivery of flow generator devices to meet the incredible demand from customers, resulting in strong sales growth in the Americas, and solid overall performance for our business across 140 countries,”...
ACMESA, AAH push for rate stabilization in VA
January 26, 2023HME News Staff
RICHMOND, Va. – The Atlantic Coast Medical Equipment Services Association (ACMESA), along with AAHomecare, is asking stakeholders in Virginia to contact their lawmakers in the House and Senate to pass a budget amendment that would direct the state Medicaid program, the Department of Medical Assistance Services, to set reimbursement for DME at 100% of the Medicare rate in rural areas. “In recent years, the DME industry has seen significant cost increases due to supply chain issues, higher...
ResMed, AdaptHealth make tech list
January 26, 2023HME News Staff
YARMOUTH, Maine – Several HME companies have made the Power 500 Technology Companies list, a nod to their commitment to improving the health of people around the world. In the Medical Devices category, ResMed, Dexcom, Insulet Corp., AdaptHealth and Masimo were all listed as leaders. The list includes companies that demonstrate product or service leadership, technical depth in their specific fields, consistent organizational growth or evolution, operational excellence and high-caliber management...
Green Prosthetics sells to Mobility Ideal Health Care
January 26, 2023HME News Staff
DALLAS – Generational Equity has announced that its client Green Prosthetics and Orthotics has sold to Mobility Ideal Health Care. "This was a deal where all the stars aligned perfectly,” Faraaz Ali, senior M&A advisor for Generational Equity. “Our client was a niche custom fabricator of prosthetic and orthotic devices that checked all of the investment criteria boxes of a strategic acquisition party that was consolidating in this space. Outside of the mutually beneficial structure...
Report: Insulin cap to generate millions in savings for Medicare beneficiaries
January 26, 2023HME News Staff
WASHINGTON – If the Inflation Reduction Act’s provision capping the cost of insulin at $35 for a month’s supply had been in place in 2020, 1.5 million Medicare beneficiaries across the country would have saved an average of $500, according to a new report from the U.S. Department of Health and Human Services.
Starting July 1, under Medicare Part B, beneficiary cost sharing will be limited to $35 for a month’s supply of insulin, which will result in an estimated $27...