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Archive: August 2015


Also Noted

MIT reports first profitable quarter

August 28, 2015HME News Staff

FREDERICKSBURG, Va. - MIT Holding, which has subsidiaries in home infusion and HME services, reported its first profitable quarter for the second quarter of 2015. The company implemented a turnaround plan last year and is now looking to grow, according to a press release. “In addition to organic growth goals of 20-25% per year on existing business, we expect acquisitions and the opening of new facilities in untapped geographic locations throughout the United States,” said Tom Duncan,...

earnings, Home Infusion, MIT Holding


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Also Noted

MSD acquires patient app

August 28, 2015HME News Staff

STOUGHTON, Mass. - Medical Specialties Distributors has acquired Verbal Applications, also known as VerbalCare, a developer of apps that allow patients to communicate better. “The strategic combination of MSD and VerbalCare enhances the 'Total Enterprise Solution' we provide our customers, which includes other technology products designed to help our customers improve efficiency and patient outcomes,” said Jim Beck, CEO of MSD, in a press release. Verbal Applications will...

app, Home Infusion, patient engagement


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Also Noted

Convaid goes back to school

August 28, 2015HME News Staff

TORRENCE, Calif. - Convaid is offering customers free wheelchair safety checks at their local dealers today. "This is a great opportunity for Convaid users to circle back to their dealers to make sure their Convaid is in top working order and still fits optimally to make sure each child is best outfitted for mobility at the onset of the school year," said CEO Chris Braun in a release. To that end, the wheelchair manufacturer is also offering seat extensions for children who may have grown over the...

Convaid, Wheelchairs


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Specialty Providers

Prosthetic community ups ante

August 28, 2015Theresa Flaherty, Managing Editor

LINTHICUM, Md. - O&P stakeholders commented at a public hearing, staged a protest and participated in a high-stakes meeting with CMS, all in one day, in their bid to reverse proposed coverage changes for lower limb prostheses.“These changes are mean spirited,” said Charles Dankmeyer, president of the American Orthotics & Prosthetics Association, during a press call rallying stakeholders for the week's various events. “It is obviously designed to wear people down so they just plain...

American Orthotics and Prosthetics Association, Charles Dankmeyer, Prosthetics, Tom Fise


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Providers

New contract period has pros and cons, say providers

August 28, 2015Tracy Orzel

YARMOUTH, Maine - HME providers are on the fence over whether the shorter contract period for Round 1 2017 is a draw or a deterrent.“If you didn't get a contract, you know you could rebid in two years instead of three,” said Debra McMenamin, owner of Pro-Serv Medical in Pittsburgh. “If you did get a contract, then you have to go through the whole thing again—one year sooner—which is stressful.”Stakeholders speculate that CMS made the switch from a three-year to...

Round 1 2017


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News

New national RAC for HME?

August 28, 2015Liz Beaulieu, Editor

YARMOUTH, Maine - A tug of war between CMS and the RACs over planned changes to contingency fees could lead to a new national RAC for HME, says Andrea Stark.As part of its latest requests for proposals, CMS announced plans to implement a number of changes to its RAC program and one, in particular, has driven two contractors to file protests: The agency wants to prevent the RACs from collecting contingency fees until the second level of appeals is exhausted.“CMS has paid out beaucoup dollars,”...

Andrea Stark, Connolly, national RAC


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News

In brief: Plaintiff reaches proposed settlement with Invacare, United Health dominates MA market

August 28, 2015HME News Staff

NEW YORK - The lead plaintiff in a class action lawsuit against Invacare has reached a proposed settlement of $11 million in cash, according to a statement from lead counsel Bernstein Litowitz Berger & Grossman.A hearing for Government of Guam Retirement Fund et al vs. Invacare will be held Nov. 9 before Christopher Boyko in the U.S. District Court, Northern District of Ohio, Eastern Division in Cleveland.Boyko will determine whether the proposed settlement should be approved as fair, reasonable...

Cardinal Health, drive medical, Invacare


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Vendors

Plaintiff reaches proposed settlement with Invacare

August 28, 2015HME News Staff

NEW YORK - The lead plaintiff in a class action lawsuit against Invacare has reached a proposed settlement of $11 million in cash, according to a statement from lead counsel Bernstein Litowitz Berger & Grossman.A hearing for Government of Guam Retirement Fund et al vs. Invacare will be held Nov. 9 before Christopher Boyko in the U.S. District Court, Northern District of Ohio, Eastern Division in Cleveland.Boyko will determine whether the proposed settlement should be approved as fair, reasonable...

FDA, Invacare, lawsuit


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Also Noted

Itamar gets injection of capital

August 27, 2015HME News Staff

FRAMINGHAM, Mass. - Viola Private Equity has committed to invest up to $28.4 million in Itamar Medical, the manufacturer of the WatchPAT home sleep test. “An investment of $30 million will enhance the execution of Itamar Medical's growth strategy and the leveraging of the many financial opportunities we are identifying in the market,” said Gilad Glick, CEO of Itamar Medical, in a release. Viola Private Equity, an Israeli-based technology growth capital and buyout fund,will become the...

Itamar Medical, Viola Private Equity


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Also Noted

Short takes: Salida, RESNA, BioScrip

August 27, 2015HME News Staff

Salida, Colo.-based Salida Medical & Respiratory has been accredited and certified as a Medicare provider by Community Health Accreditation Partner or CHAP…RESNA seeks volunteer subject matter experts to write new questions for its ATP certification exam. Experts from all areas of assistive technology are encouraged to apply. You do not need to be ATP certified…Investment firm Coliseum Capital Management has purchased 632,907 shares of Elmsford, N.Y.-based BioScrip for a total of $1.1 million.

BioScrip, RESNA, Salida


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