Tag: oxygen concentrators

STRONGSVILLE, Ohio – Repair Authority in February expanded its headquarters and repair facility in Strongsville, Ohio, as part of its response to the current surge in demand for oxygen concentrators. The company added an additional 10,000 square feet to the facility, bringing it to a total of 35,000 square feet, and installed several new production lines. It’s also hiring additional repair techs. Repair Authority uses the facility to repair oxygen concentrators – portable and stationary...

GOLETA, Calif. – Inogen reported revenue of $74 million for the fourth quarter of 2020, a 6.3% decrease compared to the same period in 2019, but domestic business-to-business sales were $24.2 million, a 17.9% increase.  Rental revenue was $9.4 million, a 71.7% increase, and direct-to-consumer sales were $26.8 million, a 25.2% decrease.  “While the COVID-19 pandemic continued to have a significant effect on our business in the fourth quarter of 2020, primarily...

In the past few months:  A global pandemic has severely stressed the supply of oxygen concentrators, revealing cracks in an HME industry that has been slowly chipped away at by Medicare’s competitive bidding program for 10 years.  CMS has decided not to move forward with the majority of Round 2021 of that program, because the agency didn’t “achieve expected savings,” and therefore – wait for it – the current reduced rates continue to apply.  The...

YARMOUTH, Maine – Eighty-six percent of respondents to a recent HME Newspoll say they’re running low on oxygen concentrators, and 88% say they're having difficulty obtaining more.  “Hospitals are full and discharging (COVID-19) patients to complete their recovery with home oxygen therapy,” wrote one respondent. “We are struggling to keep up with the supply and demand due to long delays in shipping of ordered products.”  The...

GOLETA, Calif. - Inogen saw sequential improvements in its financial results from the second to third quarters, but company officials aren't confident that will continue into the fourth quarter due to rising numbers of COVID-19 across the United States and Europe. Inogen reported that total revenues in the third quarter were $74.3 million, a 19% decrease year over year but a 3.7% increase sequentially. Its domestic business-to-business sales were $23.1 million, a 23.5% decrease year over year but...

GOLETA, Calif. - Inogen reported total revenue of $74.3 million for the third quarter of 2020, a 19.1% decrease from the same period in 2019, primarily due to the impacts of the COVID-19 pandemic. It reported a net income of $1.7 million vs. $6.9 million. “The COVID-19 pandemic has had a significant impact worldwide and on our company in 2020, and it has continued to have a meaningful effect on our business throughout the third quarter due to a significant reduction in patient travel and activity...

GENEVA, Switzerland - The World Health Organization is warning of a shortage of oxygen concentrators as the number of cases of COVID-19 increases around the globe. The WHO says the world needs about 620,000 cubic meters of oxygen a day—about 88,000 large cylinders—to treat the roughly 1 million new cases being reported worldwide each week, Gasworld reports. “Many countries are now experiencing difficulties in obtaining oxygen concentrators,” said WHO Director General Tedros...

GOLETA, Calif. - Despite headwinds from a new CRM system, Inogen's direct-to-consumer channel still recorded an impressive 43.5% increase in sales for the third quarter of 2017.“There has been a learning curve and in spite of that, productivity in Q3 improved versus 2016,” CFO Ali Bauerlein, told investors during a conference call on Nov. 7 to discuss the company's latest financial results. “So we're really proud of our sales team's ability to hire and train personnel.”Inogen...

BALL GROUND, Ga. - Caire, a manufacturer of oxygen concentrators, has launched a new website, www.cairemedical.com, with new branding and content. The website features messaging that encourages end users to improve their health by adhering to their oxygen therapy. It also features expanded educational materials, including FAQs on oxygen therapy and links to resources from premier health organizations. “We want our customers who have been prescribed oxygen therapy to connect with us as a company...

GOLETA, Calif. - Say what you will about Inogen's direct-to-consumer business model—it's the business-to-business segment that continued to lead the company's growth in the first quarter of 2015.Inogen reported a 70.7% increase in business-to-business sales for the first quarter this year compared to the same period last year, “stronger than anticipated growth,” said Ray Huggenberger, CEO, during a conference call to discuss the company's latest financial results.“We believe...