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Tag: ACU-Serve


News

In brief: Trace recruits Geffert, Hoveround adds CRT, Joel Marx named Champion

March 22, 2024HME News Staff

WHITMORE LAKE, Mich. – Trace Medical, a provider of ventilation rentals and biomedical services, has appointed Clint Geffert, formerly of VGM & Associates, as its chief growth officer.  “We are excited to have Clint join the Trace team,” said Greg Apostolou, CEO. “His contribution to the HME industry has been nothing short of amazing, and his experience and industry-reach align well with our strategic growth plans.”  “Clint’s industry experience...

ACU-Serve, Clint Geffert, Hoveround, Joel Marx, Medtrade, Sleepnet, Trace Medical


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Jim Knight

Vendors

ACU-Serve acquires Beyond HME

March 20, 2024HME News Staff

AKRON, Ohio – ACU-Serve has acquired Beyond HME, which offers resupply services, in a strategic move to enhance its offerings.   "The acquisition of Beyond HME represents a pivotal moment for ACU-Serve as we continue to pursue strategic growth opportunities in the health care sector," said Jim Knight, president of ACU-Serve. "Beyond HME's reputation for excellence and its focus on re-supply services complement our existing offerings, positioning us for even greater...

ACU-Serve, Beyond HME, Resupply


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Noel Neil

Smart Talk

Reimbursement: Understand new flexibility

March 13, 2024Noel Neil

Q. Can I apply the same new guidance for PAP masks to other accessories?  A. In February 2024, the DME MACs published a Dear Physician Letter (DPL) clarifying Medicare’s stance of masks for PAP and RAD devices. The DPL specifically addressed the PAP and RAD device masks, but does the same flexibility apply to other accessories such as tubing, cushions or pillows?   The letter indicates:  In order to promote patient adherence to PAP or RAD therapy, the treating practitioner...

ACU-Serve, Noel Neil, Reimbursement


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Noel Neil

Smart Talk

Reimbursement: Document qualifying test result 

February 7, 2024Noel Neil

Q. What do I need to document in the medical record to meet current oxygen policy requirements?   A. The current oxygen policy requires the practitioner to order and evaluate the results of a qualifying blood gas study performed at the time of need. I believe this requirement stems from the national coverage determination (NCD) but Medicare confirmed that the practitioner does not necessarily have to document that “I personally reviewed the qualify test result.”   However,...

ACU-Serve, Noel Neil, Reimbursement


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Noel Neil

Smart Talk

Reimbursement: Follow instructions closely for orthotics

January 16, 2024Noel Neil

Q. Why are my orthotics claims denying?   A. Prefabricated orthoses fall under two categories: OR02 custom fitted or OR03 off-the-shelf. There is no physical difference between the two. The differentiating factor is the adjustment needed at the time of fitting. For OTS, minimal self-adjustment by the beneficiary, caretaker or supplier is required but does not require the services of a certified orthotist. Custom fitted requires the expertise of a certified orthotist or an individual...

ACU-Serve, Noel Neil, Orthotics


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Andrew Male

News

‘The market is going to be choosy in 2024,’ analyst says

January 12, 2024Liz Beaulieu, Editor

PROVIDENCE, R.l. – A recent investment in ACU-Serve is indicative of just how important cash flow is to an HME provider’s appeal to investors and buyers, says Andrew Male of Citizens M&A Advisory, ACU-Serve's exclusive financial advisor on the deal.  “There’s a need for efficiency driven through technology,” he said. “Throughout the space, we know how important cash flow is for HME providers, especially for those with models that are more capital intensive....

ACU-Serve, Citizens M&A Advisory


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Jim Knight

Vendors

ACU-Serve ‘speeds up’ growth

October 20, 2023Liz Beaulieu, Editor

AKRON, Ohio, and PHILADELPHIA – ACU-Serve’s significant investment from Lovell Minnick Partners will allow Founder and CEO Jim Knight to take the revenue cycle management company to the next level, he says.  ACU-Serve announced on Oct. 19 that LMP, a private equity firm that has raised about $4.75 billion of committed capital since 1999, will invest in the company through its affiliated funds, Lovell Minnick Equity Partners V and V-A. As part of the transaction, Scott Bagwell,...

ACU-Serve, Jim Knight


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Jim Knight

Vendors

ACU-Serve gets PE backing

October 19, 2023HME News Staff

PHILADELPHIA – ACU-Serve has received a majority growth investment from Lovell Minnick Partners, a private equity firm focused on financial services, business services and financial technology companies.  The partnership will allow ACU-Serve, founded in 1993, to expand its suite of comprehensive solutions, accelerate technology innovation and make acquisitions.  “We share a common goal of not only growing our business but also strengthening our relationships with our clients,”...

ACU-Serve, Jim Knight, Lovell Minnick Partners


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ACU-Serve gives providers options  

Vendors

ACU-Serve gives providers options  

March 31, 2023Liz Beaulieu, Editor

AKRON, Ohio – ACU-Serve’s partnership with Beyond HME is a nod to the importance of a multi-modality approach to resupply, even as more and more solutions emphasize all things electronic, say execs from the two companies.  ACU-Serve announced in February that it was partnering with Beyond HME, a Florida-based live call solutions provider, to offer resupply services, as well as compliance and full-service consulting, to its clients. Then both companies announced in March that they...

ACU-Serve, Beyond HME, live call, Resupply


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Also Noted

ACU-Serve, Nymbl partner 

March 31, 2023HME News Staff

AKRON, Ohio – ACU-Serve has signed an agreement with Nymbl Systems to “fill the void for purpose-built automation systems” specifically for complex rehab technology providers. “As the CRT industry continues to grow, we see more of our CRT-oriented customers struggle with business systems that don’t meet their needs – from both a front-end, intake perspective and a back-office, billing perspective,” said Jim Knight, CEO of ACU-Serve. “Nymbl brings a...

ACU-Serve, Complex Rehab, Nymbl Systems


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