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ResMed sees surge in demand for vents

 - 
05/01/2020

SAN DIEGO – ResMed generated about $35 million in revenues from a COVID-19 related surge in demand for ventilators in the third quarter of fiscal year 2020.

Philips reports mixed quarterly results

Company expects return to growth and improved profitability in the second half of the year
 - 
04/21/2020

AMSTERDAM – Philips reported sales of EUR 4.2 billion for the first quarter, a 2% comparable sales decrease.

Income from continuing operations was EUR 42 million, vs. 245 million; and adjusted EBITDA margin was 5.9% of sales vs. 8.8%.

CMS relents on vents

‘During a public health emergency, why would you reduce capacity when you need it’
 - 
04/10/2020

WASHINGTON – Getting non-invasive vents dropped from Round 2021 of competitive bidding is a big deal but there’s a case to be made for delaying the entire program, industry stakeholders say.

Viemed Healthcare increases guidance

 - 
04/08/2020

LAFAYETTE, La. – Viemed Healthcare now expects 2020 net revenues to be about $23.7 million to $23.9 million as a result of increased sales of ventilators.

Ford, GE step up to produce vents

 - 
04/01/2020

DEARBORN, Mich. – Ford Motor Company, in collaboration with GE Healthcare, will begin producing a third-party ventilator with the goal of producing 50,000 units within 100 days and up to 30,000 a month thereafter as needed.

ResMed ramps up production

 - 
03/24/2020

SAN DIEGO – ResMed is looking to double or triple its output of ventilators and increase more than tenfold its production of masks, says CEO Mick Farrell.

AAH reports numerous updates on coronavirus and HME

 - 
03/24/2020

WASHINGTON – CMS recently updated its COVID-19 FAQ to include coverage for home oxygen for patients diagnosed with the disease.

Viemed grows vent base by 31% in Q4

 - 
03/04/2020

LAFAYETTE, La. – Viemed Healthcare reported net revenues of $21.4 million for the quarter ended Dec. 31, 2019, a 30% increase over revenue less bad debt expense reported for the comparable quarter in 2018.

Net income was $2.4 million, a 20% decrease.

Viemed bolsters growth plans

 - 
11/08/2019

LAFAYETTE, La. – Viemed Healthcare has racked up new payer contracts and added multi-function ventilators to its product portfolio, as it pushes to have a larger presence nationwide.

Quality Medical Group, at your service

 - 
10/07/2019

SOMERSET, N.J. – Quality Medical Group, in its 20th year of business, wants to expand its business nationally with support from a new 25,000-square-foot home base here.

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