Tag: Durable Medical Equipment

WASHINGTON – A bill that would require Medicare to cover wigs as durable medical equipment has been reintroduced in the House of Representatives.  Led by Reps. James McGovern and Ayanna Pressley, both Democrats from Massachusetts, the Wigs as Durable Medical Equipment Act (H.R. 5430), would help individuals affected by alopecia and patients with cancer who are undergoing chemotherapy.  “For people impacted by alopecia or undergoing cancer treatment, a wig can make all...

SAN ANTONIO – Jeff Salter, founder and CEO of Caring Senior Service, knew he wanted to visit each of the company’s 39 locations to celebrate its 30th anniversary, but he never thought he’d make the 9,400-mile journey on a bike.   What started as a loose challenge by a colleague turned into a four-month journey to raise $100,000 to install grab bars in the homes of seniors, and beyond.  “We thought, how could it be more than just a company celebrating 30 years...

ROCHESTER HILLS, Mich. – InfuSystem reported second quarter net revenues of $24.8 million, a decrease of 4% compared to the same quarter a year ago.  Integrated Therapy Service net revenue was $16.3 million, an increase of 5% vs. prior year; DME Services net revenue was $8.5 million, a decrease of 18%; and Pain Management and Negative Pressure Wound Therapy combined net revenues increased 114%.  “2021 is proving to be a very dynamic year for InfuSystem and the health care...

RALEIGH, N.C. – North Carolina Gov. Roy Cooper on June 29 signed S594, a bill that creates a rate floor for durable medical equipment, ACMESA and AAHomecare report.  Per the legislation, reimbursement for DME will be set at 100% of the lesser of the supplier’s usual and customary rate or the maximum allowable Medicaid fee-for-service rates for DME and supplies, orthotics and prosthetics.  The legislation, which went into effect July 1, protects rate floor provisions for...

NEWPORT NEWS, Va. – EMBRACE Foundation hosted a donation pick-up event in May, filling two enclosed trailers with items ranging from hospital beds to wheelchairs to walkers to braces to supplies. Samaritan’s Purse World Medical Mission will distribute the equipment and supplies to their partner hospitals worldwide. “Seeing all the donations together was extraordinary,” said Carrie Chi, a board member of the EMBRACE Foundation. “The amount collected is truly remarkable....

AUSTIN, Texas - US Med-Equip, a provider of DME, including infusion pumps, patient monitors and ventilators, has been recognized with the Lee Brandon Walker Award. The award is presented by Owner Resource Group (ORG), an Austin-based private investment firm, and is named after one of ORG's founding members who died in 2014 from an undiagnosed heart condition while helping save the life of an animal in the wilderness. "It is a tremendous honor to earn this award established in honor...

RALEIGH, N.C. – A Perfect Fit for You, a DME provider owned by Margaret Gibson, was ordered to pay a $2 million fine and more than $10 million in restitution to the North Carolina Medicaid program for alleged fraudulent claims submitted by employees for DME between March 2015 and November 201. In some cases, the identifying information of deceased beneficiaries was allegedly used. A civil claim under the federal and state False Claims Act was also filed against...

ROCHESTER HILLS, Mich. – InfuSystem, a provider of infusion pump therapy and other health care services, has acquired FilAMed, a biomedical services company based in Bakersfield, Calif. “The addition of FilAMed broadens and enhances our scope of biomedical services within our DME platform and provides us the opportunity to enter the acute care market,” said Richard DiIorio, CEO.  “Our customers will benefit from a broader range of services, including...

WALTHAM, Mass. - Great Elm Capital Group has reported first quarter revenue for DME grew 10.4% year over year and 5% sequentially, results that show the company's ability to grow despite the negative impact of the COVID-19 pandemic, officials say. Great Elm reported a net loss for DME of $500,000 vs. $800,000 year over year, and an adjusted EBITDA of $2.8 million vs. $3 million year over year. “We made significant progress toward achievement of our strategic goals for both our DME and Investment...

WASHINGTON - CMS announced on Oct. 8 new terms for payments issued under the Accelerated and Advance Payment (AAP) Program. Under the “Continuing Appropriations Act, 2021 and Other Extensions Act,” repayment will now begin one year from the issuance date of each provider's or supplier's accelerated or advance payment. “In the throes of an unprecedented pandemic, providers and suppliers on the frontlines needed a lifeline to help keep them afloat,” said CMS Administrator Seema...