Archive: August 2023
Rotech to explore possible sale?
August 31, 2023HME News Staff
ORLANDO, Fla. – Rotech Healthcare is said to be exploring a possible sale, according to online news reports.
Rotech is said to have tapped investment bank Jefferies Financial Group to advise on its sale process, which could value the company at $1.5B.
In July 2021, the company filed for an initial public offering of up to $100 million in July 2021, with plans to list on the Nasdaq under the symbol ROTK, but paused those plans in 2022, to await more favorable market conditions, President...
Belluscura inks exclusive agreement with InnoMax
August 31, 2023HME News Staff
LONDON and PLANO, Texas – Belluscura has entered into an exclusive licensing, marketing and distribution agreement with China-based InnoMax Medical Technology to manufacture and distribute Belluscura's X-PLOR portable oxygen concentrator in China, Hong Kong, Macau and Singapore (the Territories). The agreement will also include the DISCOV-R, the Belluscura's next generation, ambulatory dual flow portable oxygen concentrator, when registration is received in the Territories for both...
WellDoc receives FDA clearance for BlueStar insulin calculator
August 31, 2023HME News Staff
COLUMBIA, Md. – WellDoc, a provider of digital health chronic care solutions, has received 510(k) clearance from the Food and Drug Administration for its BlueStar diabetes solution. BlueStar provides bolus insulin dose recommendations based on the most recent glucose reading and rate of change from a compatible continuous glucose monitoring (CGM) device. This feature enhances BlueStar’s existing digital coaching capabilities, which guide dietary and lifestyle decisions and assist individuals...
Two charged in Medicare scam for power mobility
August 31, 2023HME News Staff
BROWNSVILLE, Texas – Maria Luisa Yzaguirre and Jeremiah Yzaguirre, both of Harlingen, Texas, have been charged with conspiracy to commit health care fraud, aggravated identity theft and money laundering. The charges allege that between 2019 and 2023, the Yzaguires submitted more than $14 million in claims to Medicare for power wheelchairs, power scooters, parts and repairs for 37 individuals. In multiple instances, they allegedly billed Medicare more than $600,000 for parts and repairs...
Aeroflow Breastpumps survey: More education, resources needed
August 31, 2023HME News Staff
ASHEVILLE, N.C. – Sixty-three percent of respondents to a recent survey by Aeroflow Breastpumps felt they needed assistance to properly breastfeed, pointing to a need for more resources and support.
To understand how breastfeeding impacts postpartum mental health and where resources are needed, Aeroflow Breastpumps surveyed 508 mothers who have had children within the past year, with 409 completed responses.
According to the survey:
67% of respondents said they...
Miller’s opens fifth location in Ohio
August 30, 2023Liz Beaulieu, Editor
AKRON, Ohio – Miller’s has shifted to more of a “growth mindset” with its first expansion since 2004 in “booming” and centrally located Columbus, Ohio, says Johnny Miller.
The company, which is based in Akron and which relies on complex rehab for two-thirds of its revenues, last opened an office in Youngstown, Ohio, nearly 20 years ago.
“Columbus is the fastest-growing city in Ohio,” said Miller, president. “There’s...
In brief: Lincare settlement, value-based vs. fee-for-service, Beyond HME COO
August 30, 2023HME News Staff
SPOKANE, Wash. – Lincare has agreed to pay $29 million to resolve claims that it violated the False Claims Act by overbilling Medicare and Medicare Advantage, according to a press release from Vanessa Waldref, the United States Attorney for the Eastern District of Washington.
The settlement requires Lincare to refund wrongful payments made by Medicare beneficiaries and sets up accountability measures to prevent future fraudulent billing.
In the settlement announced Aug....
Administration rolls out Medicare drug negotiations
August 30, 2023HME News Staff
WASHINGTON – The Department of Health and Human services has announced the first 10 medicines under Medicare Part D that have been selected under the Medicare Drug Price Negotiation Program.
They are: Eliquis, Jardiance, Xarelto, Januvia, Farxiga, Entresto, Enbrel, Imbruvica, Stelara, and Fiasp and Novolog insulin products.
These drugs accounted for $50.5 billion in total Part D gross covered prescription drug costs, or about 20%, of total Part D gross covered prescription drug costs...
Court grants TRO, delaying Teufel’s start date
August 30, 2023HME News Staff
PLYMOUTH MEETING, Pa. – Crispin Teufel won't take the reins as AdaptHealth’s new CEO until at least October amid efforts by his former employer to block the move, according to online news reports.
In a filing with the U.S. Securities and Exchange Commission, AdaptHealth said a U.S. District Court issued a temporary restraining order preventing Teufel from starting his employment with AdaptHealth until Oct. 15.
Lincare filed a lawsuit in Connecticut district court against Teufel,...
Medtrade seeks presenters for new CRT track
August 30, 2023HME News Staff
DALLAS – Medtrade is introducing a new complex rehab technology track for next year’s show and has extended the Call for Speakers deadline to this Friday, Sept. 1. Alexis Ward, senior director of Payer Relations at the AAHomecare, will be overseeing the new track. The new track will offer sessions on securing authorization/coverage for CRT; maximizing best practices for CRT repairs; sales; and lobbying. Prospective Medtrade presenters should review session titles and descriptions that...