Tag: Cardinal Health

DUBLIN, Ohio – Cardinal Health’s Board of Directors has elected Jason Hollar as the company's next CEO, effective September 1, 2022, succeeding Mike Kaufmann. Hollar has served as Cardinal’s CFO since May 2020. Prior to that, he held executive roles at Tenneco and Sears. “I sincerely appreciate the confidence the board has placed in me to help position the company for future growth,” said Hollar. “This is a transformational period at Cardinal Health and...

KANNAPOLIS, N.C. – Cardinal Health, along with Magellan Rx Management and Novant Health, has launched long-range drone deliveries in North Carolina. Using Zipline, a logistics company, organizations and their customers can receive deliveries in as little as 15 minutes. “At Cardinal Health, we’re committed to working diligently to help ensure our health care provider customers have access to the right medication at the right time for their patients, and an effective distribution...

WATERLOO, Iowa – VGM Group has named Jeremy Stolz, a member of the company’s senior leadership team, as interim president of VGM & Associates.  Stolz, who joined VGM in 2003, has served as president of VGM Fulfillment since 2017.  “Jeremy is a recognized leader in the HME industry,” said VGM CEO Mike Mallaro. “Over his nearly 20-year tenure at VGM, he has been dedicated to developing solutions for our partners, customers, and the patients they serve....

Well, 2022 is certainly starting off with a bang. The first rumblings that big things are going to happen this year was an announcement on Jan. 6 by Stryker that it plans to acquire Vocera Communications. This does not have a direct impact on the HME industry, per se, but it does speak to large players in mostly the acute care space getting more serious about extending their reach beyond hospitals. Stryker said Vocera brings a portfolio of products to address “the increasing need for...

BOWIE, Md. - Inovalon has inked a five-year deal with Cardinal Health to provide its ScriptMed Cloud platform to Cardinal's DME and medical supplies business. The platform's connectivity, supplemental clinical data and process-specific analytics automate and streamline processes. “Cardinal Health is investing in the digital forefront of technologies to deliver high-quality care to our customers,” said Ryan Schorr, general manager of the direct-to-patient business at Cardinal Health. “Implementing...

WASHINGTON - Industry stakeholders are pushing providers to act fast on a bill delaying the inclusion of non-invasive ventilators in competitive bidding for five years.They'd like to get as many co-sponsors for the bill, known as the “Safeguarding Medicare Access to Respiratory Therapy (SMART) Act of 2019,” ahead of the upcoming Thanksgiving recess, and they suggest focusing first on the 180 representatives who signed a letter asking CMS to drop vents from the program.“If you are...

Invacare has entered into agreements to exchange $72.9 million in convertible senior notes due in 2021 for $72.9 million in senior notes due in 2024, plus approximately $6.9 million in cash. After closing these transactions, $61.1 million in aggregate principal amount of the 2021 notes will remain outstanding with terms unchanged…Cardinal Health at-Home is now a bronze-level corporate partner of AAHomecare. Cardinal is a distributor of home medical supplies to more than 12,000 commercial customers...

SUWANEE, Ga. - UroMed, a provider of urological, incontinence and other disposable medical supplies, will close on July 8, according to a letter to its customers.“We apologize for any inconvenience this closure may cause; however, over the next few weeks UroMed will be working diligently to ensure a seamless transition of care to another provider of your choice in accordance with your plan's network,” reads the letter, signed by Ryan Schorr, vice president and general manager.UroMed was...

A. As a provider you undoubtedly face many challenges, whether from changes in reimbursement, staffing, operations, or competitive pressures. With all these potential focus areas, it's hard to determine where to allocate your limited resources. For some, growth and diversification is the answer.Why? This is ultimately the question you need to ask yourself. Why do I want to expand, and why is it important? When working with a provider partner, the biggest question we ask is, how many of your patients...

DUBLIN, Ohio - Cardinal Health has entered into a definitive agreement to buy the patient care, deep vein thrombosis and nutritional inefficiency business of Medtronic for $6.1 billion in cash.Total revenues for that business, which encompasses 23 product categories across multiple market settings, were $2.3 billion for the 12 months ending October 2016. More than 70% of total sales were in the U.S., according to a press release.“Given the current trends in health care, including aging demographics...