Archive: 2024
Inogen: We’re ‘off to solid start’
May 8, 2024HME News Staff
GOLETA, Calif. - Inogen reported total revenue increased 8.1% to $78 million in the first quarter of 2024, primarily driven by higher international and domestic business-to-business sales, partially offset by lower direct-to-consumer sales and rental revenue. We are pleased to be off to a solid start at Inogen in 2024,” said Kevin Smith, president and CEO. “Looking forward, we remain focused on positioning the business for revenue growth, improving our operating discipline to drive long-term...
WHILL marks expansion
May 8, 2024HME News Staff
SAN CARLOS, Calif. – WHILL has expanded its operations in North America, paving the way for the company to exceed its first-quarter goals. In Q1 of 2024, Scootaround powered by WHILL, the company’s rental operations, saw a 13% increase in cruise rentals compared to the previous year and an 81% increase compared to pre-pandemic levels in 2019. The company also enhanced its rental services in Miami and Galveston, Texas, by installing walk-up terminals. This summer, it plans further expansions,...
OHD adds phototherapy to line-up
May 8, 2024HME News Staff
DUNEDIN, Fla. – One Health Direct has expanded its offerings for its DME partners to include phototherapy products. "We aim to communicate four main points about phototherapy treatment to patients," said Alois Rubenbauer, CEO. "Phototherapy is safer, affordable, works fast, and is often more effective than other treatment options." Following its proven process, OHD will educate and guide potential phototherapy patients through the education and qualification process...
Coloplast sees organic growth
May 8, 2024HME News Staff
MINNEAPOLIS – Coloplast saw 8% organic growth in its second quarter ended March 31, 2024. Organic growth rates by business area were ostomy care 7%, continence care 8%, advanced wound care 8% and interventional urology 5%. “We deliver a solid second quarter with 8% organic growth and an EBIT margin of 27%, which is in line with our financial guidance,” said Kristian Villumsen, president and CEO, in an interim financial report. “I would like to highlight a strong Q2 performance...
Operational Efficiency: Offload tedious tasks
May 8, 2024Adam Nadler
Q. AI is all the buzz right now. How can we address concerns about AI replacing human jobs in DME?
A. In the world of DME operations, AI gets a lot of hype for its flashiness rather than its real benefits. But it’s not about replacing jobs – it’s actually a powerful tool that enhances human skills and boosts how efficiently we can work.
AI excels in automating the tedious, repetitive tasks that bog down the DME review process. It quickly detects errors and...
Value-based care: Be prepared and nimble
May 8, 2024Kaitlyn Rios
Q. How is the shift to value-based care payment models impacting HME companies?
A. The better question is, "How will it not?"
With clinical providers focused now more than ever on patient outcomes and satisfaction, it means they must maximize resources, they must aim to treat patients more effectively and efficiently in shorter time frames, they must work under tighter insurance reimbursement margins, and they must make every effort to reduce the overutilization of products...
AdaptHealth sees small but positive trends
May 8, 2024Theresa Flaherty, Managing Editor
PLYMOUTH MEETING, Pa. – AdaptHealth’s diabetes business “outperformed expectations” during the first quarter of 2024 and company execs are cautiously optimistic that their efforts to boost the segment are starting to make headway.
Diabetes revenue was $149.3 million for the quarter, a 2% increase and the first year-over-year increase for the segment since the second quarter of 2023, driven by the company’s moves to double its sales force, name Briah Carey as...
Hospital-at-home: Ensure supplies fulfillment
May 8, 2024Alex Hoopes
Q. What does a hospital-at-home program need to succeed?
A. Hospital-at-home is one of the most effective care models I’ve seen to achieve the triple-aim of helping improve patient outcomes and patient experience while decreasing costs. At least one study in 2020 has shown that hospital-at-home costs are less than costs accumulated for patients in a traditional setting.
While we’re on an exciting horizon for home-based health care, for hospital-at-home to succeed...
In brief: Proposed cath changes, PromptCare deal & more
May 8, 2024HME News Staff
WASHINGTON – CMS has proposed discontinuing two existing HCPCS codes for intermittent urinary catheters, A4351 and A4352, and establishing five new codes in response to a request from AAHomecare and its manufacturer members.
The agency stated that it does not see a claims processing need to discontinue or modify existing HCPCS code A4353, “Intermittent urinary catheter, with insertion supplies.”
“CMS believes that clinical evidence and current payer policies...
Accreditation/compliance: Maintain complaint log
May 8, 2024Mary Ellen Conway
Q. Why does my accreditor tell me that they or CMS may conduct an unannounced survey anytime during my three-year accreditation cycle and how common is that?
A. When the accreditation mandate began for DME in 2008, the DMEPOS accrediting organizations (AOs) that were approved by CMS for Medicare participation had a requirement to inform their accredited organizations that they would be subject to having an additional unannounced survey by the accreditor or by CMS at some point during...