Briefs: Mail order provider scores perfect '10'
Mail order provider scores perfect '10'
STUART, Fla. - For the 10th straight quarter, Liberator Medical enjoyed "record net revenues," the company reported Nov. 19. Net revenues for the fiscal fourth quarter ending Sept. 30 were $11.49 million, up from $7.856 million for the same quarter in 2009. Net revenues for the year were $40.92 million, up from $25.82 million in 2009. Liberator also appointed Tyler Wick to its board of directors. Wick has more than a decade of experience in private equity, according to the release.
Sleep provider now offers home testing
AGOURA HILLS, Calif. - Nationwide Medical is now offering home sleep tests, the CPAP provider announced in November. The tests make it more convenient--and less expensive--to diagnose sleep apnea, stated Dody Jordahl, director of high technology in a release. The provider serves about 20,000 patients.
Senate gives Rx 'Red Flags' exemption
WASHINGTON - On Nov. 30, the senate voted to exempt pharmacies from the "Red Flags" rule. The Federal Trade Commission rule, which was scheduled to go into effect Dec. 31, requires creditors to implement identity theft prevention programs. HMEs are considered creditors any time they don't collect payment upfront. Physicians and other health providers have argued that they shouldn't be considered creditors.
SleepQuest lands national contract
SAN CARLOS, Calif. - SleepQuest inked a deal with Humana to provide sleep testing and therapy services to the insurance company's PPO and Medicare members, it announced Nov. 9. "Payers rely on our ability to improve patient outcomes and reduce the increasing costs arising from this serious chronic condition," stated Robert Koenigsberg, SleepQuest CEO, in a release. The 15-year-old SleepQuest is a national provider of home sleep testing.
Graymark closes Walgreens deal
OKLAHOMA CITY - Graymark Healthcare has finalized the sale of its Apothecary Rx retail pharmacy business to Walgreens, the company announced Dec. 7. The move will allow Graymark to focus on its core sleep business. Graymark offers a comprehensive model that includes diagnosis, therapy and ongoing support.