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Archive: October 2020


News

In brief: Bid amounts for braces, changes for CGMs and external pumps, provider reactions

October 30, 2020HME News Staff

WASHINGTON – CMS on Oct. 27 announced Round 2021 single payment amounts for off-the-shelf back braces and knee braces.   The agency has made contract offers for back and knee braces in 127 CBAs, a move that it expects to save $600 million for the Medicare program and beneficiaries over the three-year contract period.  CMS is not making offers for back and knee braces in certain CBAs where savings would not be achieved. Payment in those areas will be based on adjusted fee schedule...

180 Medical, braces, FODAC, Protech, Round 2021, Viemed


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News

Round 2021 raises big question: Where should pricing be?

October 30, 2020Theresa Flaherty, Managing Editor

WASHINGTON - Industry stakeholders hailed CMS's decision not to move forward with most of Round 2021 as a “watershed” moment, but they also criticized the agency for trying to have it both ways. CMS on Oct. 27 announced new single payment amounts for off-the-shelf knee and back braces but not for 13 other product categories because they did “not achieve expected savings.” “You can't have a one-way bid program,” said Tom Ryan, president and CEO of AAHomecare. “You...

aahomecare, Home Medical Equipment, Round 2021, VGM


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Mobility

Relief for accessories inches forward

October 30, 2020Liz Beaulieu, Editor

WASHINGTON - CMS took the next step in permanently exempting complex rehab manual wheelchairs and accessories from Medicare's competitive bidding program in a proposed rule published on Oct 27. Congress late last year passed a bill telling CMS to do just that, and the proposed rule “takes those components and puts them into the statutes and regulations around competitive bidding,” says Don Clayback, executive director of NCART. “It was the expected next step, in terms...

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Vendors

ResMed rides shift in product mix

October 30, 2020Liz Beaulieu, Editor

SAN DIEGO - ResMed benefited from $40 million in sales for ventilators and accessories in the first quarter of its fiscal year 2021 - again helping to compensate for sluggish new patient volume for CPAP devices due to the COVID-19 pandemic. In the last quarter, ResMed recorded $125 million in sales for vents and, at the time, the company was “muted” on whether demand for vents would continue into the first quarter of 2021. It did, but ResMed expects sales to be “significantly...

Coronavirus Outbreak, ResMed


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Vendors

Invacare: 'We deliver in tough times'

October 30, 2020Liz Beaulieu, Editor

ELYRIA, Ohio - COVID-19 may be flaring up again in different parts of the world, including the U.S., but Invacare officials don't expect the impact of these subsequent waves to be as severe as the first wave, helping them to see the fourth quarter and full-year 2020 more optimistically. When the pandemic first hit earlier this year, “we didn't have a playbook,” said Matthew Monaghan, chairman, president and CEO, but now “we've learned to deal with it.” Health care facilities...

Coronavirus Outbreak, Invacare


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News

Providers commend CMS on changes to Round 2021

October 30, 2020HME News Staff

WASHINGTON - CMS's decision not to push forward with the majority of Round 2021 of the competitive bidding program has been met with support from numerous providers. CMS on Oct. 27 announced new payment amounts for off-the-shelf back and knee braces but not for 13 other product categories, including CPAP and oxygen therapy, because there were no expected savings. In light of the ongoing public health emergency, it's the right thing to do, says Casey Hoyt, CEO of Viemed Healthcare. “While the...

CQRC, Protech, Round 2021, Viemed Healthcare


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Also Noted

ResMed 'encouraged' by sequential improvements in patient volume

October 30, 2020HME News Staff

SAN DIEGO - ResMed reported revenue of $751.9 million for the first quarter of its fiscal year 2021, a 10% increase compared to the same period in 2020. Net income was $178.4 million vs. $120.1 million, a 48% increase. Revenue in the U.S., Canada and Latin America, excluding the company's Software as a Service, grew 9%, driven by strong sales of masks and increased demand for ventilators due to the COVID-19 pandemic, partially offset by a decrease in demand for sleep devices. “Our first quarter...

Home Respiratory Equipment, ResMed


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Also Noted

Invacare expects acceleration in Q4

October 30, 2020HME News Staff

ELYRIA, Ohio - Invacare reported net sales of $211.9 million for the third quarter, a 10.1% decrease compared to the same period last year. Net sales increased from Q2 to Q3, however, by 8%. In North America, Invacare reported net sales of $88.1 million, a 1.2% increase, driven by respiratory products and partially offset by lower sales of mobility and seating and non-bed lifestyle products, which continue to be negatively impacted by pandemic-related health restrictions. Invacare expects, however,...

Home Medical Equipment, Invacare


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Also Noted

United Spinal Association appoints new leader

October 30, 2020HME News Staff

KEW GARDENS, N.Y. - United Spinal Association has named Vincenzo Piscopo as president and CEO. Piscopo, a wheelchair user who was paralyzed from a herniated disk in 2010, previously worked at The Coca-Cola Company for 25 years in a variety of strategic roles both in the U.S. and internationally, most recently as community and stakeholder relations director, where he managed and cultivated company relationships with disability, veteran and Hispanic organizations and advocates. “With the help...

United Spinal Association, Vincenzo Piscopo


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Also Noted

Repair Authority launches CPAP Medic

October 29, 2020HME News Staff

CLEVELAND - Repair Authority has launched CPAP Medic, a direct-to-patient CPAP and BiPAP repair service for customer-owned equipment. Repair Authority has 30 years of experience repairing equipment, including CPAPs, oxygen concentrators, ventilators and other respiratory equipment. “By the time patients find us, they are often desperate for help in getting their CPAP device repaired so they can resume therapy,” said Jesse Keirn, CEO. “Once their units become patient-owned and are...

CPAP, CPAP Medic, Repair Authority


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