WASHINGTON – Industry stakeholders were still waiting for word from CMS at press time on Friday on how the agency plans to retroactively delay a second round of reimbursement cuts in non-competitive bidding areas.
GOLETA, Calif. – Inogen will have a new CEO on March 1. The company announced Dec. 6 that Scott Wilkinson, currently president and COO, will succeed Ray Huggenberger, who is retiring. Wilkinson will also join Inogen’s board of directors effective Jan. 1, 2017.
ELYRIA, Ohio – Invacare on Oct. 31 reported a net loss of $5 million for the third quarter of 2016 compared to $7.8 million for the same period last year. It reported net sales of $268.1 million vs. $283.8 million.
GOLETA, Calif. – Inogen on Nov. 3 reported total revenues of $54.4 million for the third quarter of 2016 compared to $40.8 million for the same period last year, a 33.5% increase. It reported net income of $3.5 million vs. $2.7 million, a 28.2% increase.
GOLETA, Calif. – Inogen has received approval for its Inogen One G4 portable oxygen concentrator to be used onboard commercial aircrafts, it announced today. The manufacturer also plans to launch the product in its domestic business-to-business channel launch.