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Archive: 2021


Apria jumps into hot market 

Providers

Apria jumps into hot market 

January 22, 2021Theresa Flaherty, Managing Editor

LAKE FOREST, Calif. – After a lengthy period of relative quiet, Apria Healthcare’s planned IPO could signal a company that is ready to grow, say M&A analysts.  The provider on Jan. 15 filed a Form S-1 with the Securities and Exchange Commission, a step it must take before filing an initial public offering.  “They’ve been a bit conspicuous by their absence in doing transactions,” said Jonathan Sadock, managing partner/CEO of Paragon...

apria healthcare, IPO, M&A


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Stakeholders dig into recently released bid data 

News

Stakeholders dig into recently released bid data 

January 22, 2021Liz Beaulieu, Editor

WASHINGTON – Industry stakeholders are still digging through the Round 2021 data that CMS furnished late on Jan. 15 and trying to figure out what’s behind the sometimes drastic variance in payment amounts.  For example, the amount for an oxygen concentrator was $72.36 in Akron, Ohio, but $189 in Chicago. The amount for CPAP devices was $38 in Oxnard, Calif., but $110.80 in Las Vegas. (Click here for more examples.) “It’s difficult to say...

competitive bidding, payment amounts, pivotal bids, Round 2021


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News

Providers scramble to keep up 

January 22, 2021Theresa Flaherty, Managing Editor

YARMOUTH, Maine – Eighty-six percent of respondents to a recent HME Newspoll say they’re running low on oxygen concentrators, and 88% say they're having difficulty obtaining more.  “Hospitals are full and discharging (COVID-19) patients to complete their recovery with home oxygen therapy,” wrote one respondent. “We are struggling to keep up with the supply and demand due to long delays in shipping of ordered products.”  The...

coronavirus outbreak, HME NewsPoll, inventory, oxygen concentrators


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Doug Francis

Vendors

Lifestyle Mobility Aids: Expanding – and betting on HME providers 

January 22, 2021Liz Beaulieu, Editor

ST. PETERSBURGH, Fla. – Lifestyle Mobility Aids is expanding its footprint beyond Florida and its product portfolio beyond mobility aids with long-time industry exec Doug Francis as its new leader.  The company recently opened a 40,000-square-foot distribution center in Memphis, Tenn., and launched a portable oxygen concentrator in December.  “Memphis opens up distribution to a big piece of the country,” said Francis, president...

Doug Francis, Lifestyle Mobility Aids


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News

In brief: Initial appointments, guilty pleas, online showroom 

January 22, 2021HME News Staff

WASHINGTON - Liz Richter has been named acting administrator of CMS and Norris Cochran has been named acting secretary of the Department of Health and Human Services.  Richter is an agency veteran who has worked at CMS since 1990, most recently as deputy center director for the Center for Medicare. She began in the Bureau of Policy Development working on inpatient hospital payment policy. She subsequently worked on a variety of Medicare payment issues. She has also served as director of the...

CMS administrator, medicare fraud, RehabPulse


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Also Noted

Two charged in $109M brace scheme 

January 22, 2021HME News Staff

BOSTON – Two women have pleaded guilty to charges they participated in a scam to defraud Medicare of more than $109 million by filing false claims for orthotic braces. Jessica Jones, 30, of Louisville Colo., and Elizabeth Putulin, 30, of Coconut Creek, Fla., who have each pleaded guilty to one count of conspiracy to commit health care fraud, conspired with their employer, Juan Camilo Perez Buitrago, to submit more than $109 million in false and fraudulent claims for DME, such...

medicare fraud, Operation Brace Yourself, orthotic braces


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Also Noted

AAHomecare updates: Sequestration, innovative tech, supplier costs, TRICARE

January 22, 2021HME News Staff

Reps. Brad Scheider, D-Ill., and David McKinley, R-West Va., introduced have introduced H.R. 315, new legislation to continue the moratorium on the Medicare sequester cuts through the duration of the public health emergency. In December, Congress extended the pause on the 2% cuts, which were set to expire at the end of 2020, through March 2021…CMS published a final rule on Medicare Coverage of Innovative Technology and the Definition of “Reasonable and Necessary” on Jan. 14. The...

sequestration, supplier costs, TRICARE


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Todd Eagan

Also Noted

OPGA launches new website 

January 22, 2021HME News Staff

WATERLOO, Iowa – The Orthotic and Prosthetic Group of America, a division of VGM & Associates, has launched a redesigned website at opga.com. The site makes it easier for members to find the information and resources they’re looking for with a new members-only portal. “At OPGA, we strive to provide savings and solutions to our members to help their businesses thrive,” said Todd Eagen, president of OPGA. “With the new website, we’re making it even easier for...

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Lewis Gradon

Vendors

F&P sees increased demand due to COVID-19 surges 

January 22, 2021HME News Staff

AUCKLAND, New Zealand – Fisher & Paykel Healthcare reports operating revenue for the nine months ended Dec. 31, 2020, was up 73% in constant currency compared to the prior comparable period.  In the hospital product group, operating revenue was up 113%, with hardware growing 446% and consumables growing 54%.  “In many parts of the world, we have continued to see an influx of COVID-19 patients requiring hospitalization for respiratory treatment,” said Lewis Gradon,...

coronavirus outbreak, financial results, Fisher & Paykel Healthcare, nasal high flow therapy, osa, sleep therapy


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Also Noted

DarioHealth appoints digital health expert 

January 21, 2021HME News Staff

NEW YORK – DarioHealth has named Chris Chan senior vice president of employer sales, responsible for leading growth initiatives in the self-insured employer market. Chan previously worked as chief marketing officer at SleepQuest, a sleep apnea-focused technology and telehealth company, and he also founded the Mercer LABS and the Health Imagination Innovation Team at Willis Towers Watson. He has an extensive background in digital health, care delivery...

Chris Chan, DarioHealth, diabetes, digital health


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