Round 2 shaves Apria’s earnings
LAKE FOREST, Calif. – Apria Healthcare on Nov. 12 reported net revenues of $607.2 million for the three months ended Sept. 30, 2013, a decrease of $1.3 million from the same period last year.
The company attributed the decline primarily to Round 2 of competitive bidding, which began on July 1, 2013, and decreased volume in the respiratory and home medical equipment segment of the business.
Net loss for the three months ended Sept. 30, 2013, was $(15.8) million.
Apria reported net revenues of $1.8 billion for the year to date, an increase of $30.7 million compared to the same period last year. The increase is due primarily to increased volume in the provider’s home infusion segment, which saw a 7.6% increase in net revenues.