Story board

Monday, May 31, 2004

Managing Editor, HME News
Do you know that Rotech CEO Philip Carter earned $716,346 in salary in 2003 and $175,285 in other compensation, according to a filing with the Securities and Exchange Commission. Or that moving to a new location and filing a change of address with the National Supplier Clearinghouse is easier said than down. (CMS addressed that in an April open door forum.) Or how are rehab providers adapting to the new codes for power seating and accessories - now that the codes have been in place for six months? We haven’t heard any complaints, but that doesn’t mean all’s hunky-dory.

None of this information made it into an HME News story this month - and it’s not alone.

Had we more time and space you might be reading in this issue about Greeley, Colo., provider Don Paul’s fight to stop a local hospital system from downstreaming patients to its own HME. From what we’re hearing, he’s had some success. It’s also interesting to note that Don Paul’s company, Aerocare, got mentioned in the Greeley Tribune last month for offering to help a woman who reported her wheelchair stolen while she shopped at Wal-Mart. The wheelchair was returned by an older couple who mistakenly took it for their own. All’s well that ends well.

We didn’t mention anything about “Wheelchairs on the Go: Accessible Fun in Florida”, a travel book for wheelchair users being updated - but that is the case, according to a book review we came across last month. Google the book for more info - your clients might appreciate the heads up.

We also didn’t report that John Byrnes, Lincare’s chairman and chief executive of Lincare, will sell about 765,000 shares of company stock over a 17-month period, under a pre-arranged trading plan. I wonder how Byrnes’ compensation at Lincare compares to Carter’s salary at Rotech?

And check out this line from a press release: “Outpatient Monitoring Technology Reduced Inpatient Admissions and Shortened Length of Stay.” Is it time to revisit what promise telemedicine holds for HME?

Stay tuned.