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Tag: Sleep Therapy


Vendors

Philips: Sales were down, orders were up in Q4, 2021

January 24, 2022HME News Staff

AMSTERDAM, the Netherlands – Philips’ comparable sales decreased 32% in the fourth quarter of 2021 for the Connected Care business due, in part, to a double-digit decline in Sleep & Respiratory Care associated with the recall.  For the full year, the Connected Care business recorded a 23% comparable sales decrease.  “Patient well-being is at the heart of everything we do at Philips, and we remain extremely focused on repairing and replacing the devices related to...

Philips earnings, Philips Recall, Respiratory Therapy, Sleep Therapy


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AppYea invests in sleep monitor

January 3, 2022HME News Staff

FORT WORTH, Texas – AppYea has acquired SleepX and its flagship product DreamIT, a wearable monitoring solution to treat sleep apnea and snoring. Post-merger, the two companies will focus on the further development and commercialization of SleepX’s solution, including investments in R&D and sales and marketing, as well as an upcoming calibration trial. “I am delighted that we have completed the acquisition of SleepX,” said Boris (Bary) Molchadsky, AppYea’s chairman....

monitoring solution, Sleep Therapy, wearable


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Bleep attracts funding 

December 13, 2021HME News Staff

MADISON, Wis. – Bleep has been awarded a $1.7 million SBIR grant from the National Institutes of Health to optimize positive airway pressure mask design for use in the home and acute care/hospital settings. The company will use the grant to optimize its Eclipse PAP, which focuses on having no headgear or straps and addressing leaks, and produce the validation data necessary for successful market commercialization. “Eclipse, our generation two product, will not only continue to address...

Bleep, CPAP Mask, Sleep Therapy


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Lewis Gradon

Vendors

F&P reports flat home care revenue

November 29, 2021HME News Staff

AUCKLAND, New Zealand – Fisher & Paykel Healthcare reported total operating revenue of $900 million for the first six months ended Sept. 30, 2021, a 1% decrease compared to the same period the previous financial year.  Net profit after tax was $222 million, a 2% decrease.  “For nearly two years now, our customers have been working selflessly to care for patients during a pandemic,” said Lewis Gradon, managing director and CEO. “Our people and suppliers have...

CPAP, Financial Results, Fisher & Paykel Healthcare, Sleep Therapy


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Vendors

ResMed sees boost from demand, recall

October 29, 2021HME News Staff

SAN DIEGO – ResMed reported revenue of $904 million for the first quarter of its fiscal year 2022, a 20% increase compared to the prior year period.  Net income was $203.6 million, a 14% increase.  “Our first-quarter results demonstrate strong performance across our business with double-digit growth in both top-line and bottom-line metrics, driven by ongoing high demand for our sleep and respiratory care products, and steady growth across our software-as-a-service business,”...

CPAP, Financial Results, ResMed, Sleep Therapy


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Oventus reapplies to PDAC

October 26, 2021HME News Staff

BRISBANE, Australia – Oventus Medical has reapplied to Palmetto GBA, the pricing data analysis and coding contractor (PDAC), for approval of the newly submitted Optima version of its O2Vent oral appliance to treat obstructive sleep apnea. This version of the device is designed specifically for Medicare patients. “In the meantime, this means that O2Vent Optima will not be able to be supplied to Medicare patients in its own right for reimbursement purposes,” the company stated....

O2Vent, Oral appliance therapy, Oventus Medical, Sleep Apnea, Sleep Therapy


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Oventus Medical reports growth

August 31, 2021HME News Staff

BRISBANE, Australia – Oventus Medical booked revenues of $1.1 million for the 12 months ended June 30, an increase of 160% over the prior period. “FY21 was Oventus’ best year for device sales on record, despite what remained a highly challenging patient treatment environment for in-person clinical settings, which were heavily tampered by the COVID-19 pandemic,” the company stated. Contributing to Oventus’s growth in the year: lab-in-lab sites that remained operational...

CPAP Alternative, O2 vent, Oventus Medical, Sleep Therapy


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Seema Khosla

Specialty Providers

Sleep app puts ‘patients at the center’

August 27, 2021Tracy Orzel

DARIEN, Ill. – A proposed web-based app called “MySleepVillage” took second place in the American Academy of Sleep Medicine’s first ever Change Agents, a contest designed to generate creative ideas for diagnosing and treating obstructive sleep apnea.  The app aims to streamline patient communication and testing; connect to physicians, insurers and medical equipment companies; and provide options for remote monitoring of CPAP usage. The team behind it estimates that...

AASM, American Academy of Sleep Medicine, Obstructive Sleep Apnea, Sleep Therapy


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Business Development

Virtual visits expected to continue for sleep

May 28, 2021John Andrews

As the country prepares to transition away from COVID-related restrictions, the sleep therapy industry is looking at how to proceed with patient care, CPAP provision and sleep testing going forward. One of the main issues is whether continuing with virtual technology applications used during the height of the pandemic is beneficial or necessary. According to some sleep specialists, the trend will continue. Katherine Royster, vice president for sales and marketing at Winter Haven, Fla.-based 3B...

3B Medical, CPAP, Phillips, rtNow, Sleep Therapy


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Oventus signs up Sleep Metrics

April 26, 2021HME News Staff

BRISBANE, Australia – Oventus Medical has signed a new virtual lab-in-lab agreement with Sleep Metrics, a Portland, Ore.-based provider of sleep apnea testing and therapy, its fourth such agreement. Through the agreement, Sleep Metrics is now able to offer O2Vent therapy as a treatment alternative to patients who refuse CPAP therapy or find it challenging. “There are tremendous synergies with our VLIL model and Sleep Metrics’ existing at-home OSA testing,”...

CPAP Alternative, Obstructive Sleep Apnea, Oventus Medical, Sleep Metrics, Sleep Therapy


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