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In brief: OIG targets Hoveround, CMS to revise fee schedule


WASHINGTON – The Office of Inspector General (OIG) wants Hoveround to pay back the federal government $27 million for power mobility devices that it says do not meet Medicare reimbursement requirements.

Inogen faces fears head-on


GOLETA, Calif. – Inogen on Monday provided additional full-year guidance for next year, perhaps in a move to quell fears surrounding the national rollout of competitive bidding pricing on Jan. 1, 2016.

Direct-to-consumer sales to shine in 2016, Inogen predicts


GOLETA, Calif. – Inogen plans to offset an expected hit to rental sales next year with strong growth in direct-to-consumer sales, company officials said during a conference call last week to discuss third quarter earnings.

Sales is everything, you guys

Friday, November 13, 2015

There was an interesting theme in recent conference calls by Invacare and Inogen to discuss financial results: a new focus on sales.


Inogen ‘delighted’ with sales


GOLETA, Calif. – Inogen’s direct-to-consumer sales increased 63.7% in the third quarter 2015, the company reported today, a direct result of growing its sales staff.

Inogen ditches accounting firm in wake of investigation


GOLETA, Calif. – The board of directors at Inogen has dismissed BDO USA as the independent registered public accounting firm auditing the company’s financial statements, according to a recent Form 8-K filed with the Securities and Exchange Commission.

Inogen predicts growth in sales will stick

One reason: There’s plenty of runway left for growth in the POC market, says President and CEO Ray Huggenberger

GOLETA, Calif. – Four moving parts helped Inogen grow domestic business-to-business sales a whopping 80.5% in the second quarter this year compared to the same period last year, making it the company’s fastest growing channel.

Inogen increases guidance on record second quarter


GOLETA, Calif. – The first half of 2015 has gone so well for Inogen that the company has increased its guidance for the year to between $145 million to $149 million in revenues, growth of 28.8% to 32.4% compared to 2014.

Inogen gets new board member


GOLETA, Calif. – R. Scott Greer has been appointed an independent director to Inogen’s board of directors. Greer has also been appointed to the company’s Audit Committee.

In brief: O2 Concepts lands capital, growth in healthcare spending slows

In brief: O2 Concepts lands capital, growth in healthcare spending slows

OKLAHOMA CITY, Okla. – O2 Concepts and BOK Financial Capital, a financial services holding company, have closed on a strategic investment.