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Archive: July 2024


On the Editor's Desk

Making them nervous

July 16, 2024Liz Beaulieu, Editor

HME stakeholders have been fighting Medicare Advantage for some time, particularly when it comes to these plans not following Medicare policy and coverage for complex rehab technology and non-invasive ventilators, two product categories for patients with the greatest needs.  At the Heartland Conference in June, there was even a panel discussion titled “Dealing with Medicare DISadvantage Plans - Are You Ready, Martha?” Stakeholders continue to take it up a notch.  AAHomecare...

Medicare Advantage, monopolies


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Providers

Providers sue Philips for cutting them off 

July 16, 2024HME News Staff

PHILADELPHIA – Dynamic Healthcare Services and Hometown Oxygen Pittsburgh on July 15 filed a lawsuit against Philips Respironics, DeLage Landen Financial Services and Philips Medical Capital for cutting off access to financing and leasing programs that the providers say are necessary for them to complete.  According to the lawsuit, filed in the U.S. District Court for the Eastern District of Pennsylvania:  Prior to the Philips recall, DHS purchased thousands of respiratory...

CPAP Device, Dynamic Healthcare Services, Financing, Hometown Oxygen Pittsburgh, Leasing, Philips Medical Capital, Philips Recall


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Prochant survey

News

New survey: Denials tops list of challenges 

July 16, 2024HME News Staff

CHARLOTTE – The No. 1 billing and revenue cycle management challenge for HME providers is preventing or reducing denials and appeals, according to the results of a new survey sponsored by Prochant and conducted by in90.  The No. 2 challenge: Hiring, training and retaining qualified intake, billing and collections staff.  “In response to these challenges, 60% of respondents have outsourced at least one RCM function in the past year, with over 70% attributing this decision...

Billing, denials, Prochant, Revenue Cycle Management


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Also Noted

MediWound raises $25M 

July 16, 2024HME News Staff

YAVNE, Israel – MediWound has entered into a definitive purchase agreement with several new and existing investors, including Mölnlycke Health Care, a medtech company specializing in solutions for wound care and surgical procedures. MediWound plans to use the $25 million in gross proceeds from the private investment in public equity (PIPE) to advance EscharEx pre-commercial activities and support general corporate purposes. “We are proud to have the strong support of Mölnlycke,...

Financing, Investment, MediWound, Mölnlycke, Wound Care


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Julie Morrison

Also Noted

New bill expands coverage for monitors, supplies in Illinois 

July 16, 2024HME News Staff

SPRINGFIELD, Ill. - A bill sponsored by Democratic State Sen. Julie Morrison to expand insurance coverage for medically necessary glucose monitors and related supplies was signed into law on July 1. “High costs that come with managing diabetes can put an unnecessary economic burden on families,” said Morrison, Majority Caucus Whip. “This law will ensure people with any type of diabetes receive crucial medical care.” Senate Bill 3414 requires insurance companies to cover glucose...

Diabetes, Glucose monitors, Sen. Julie Morrison


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Specialty Providers

Lincoln Health Supply makes time for patients

July 15, 2024Tracy Orzel

FORT LAUDERDALE, Fla. - Lincoln Health Supply recently highlighted the American Diabetes Association's 60-second Diabetes Risk Test to underscore how the provider can help educate and empower consumers to manage their health.  The ADA diabetes risk test is a risk score based on seven criteria that predict the risk of developing diabetes, including age, gender, family history of diabetes, blood pressure, ethnicity, physical activity and BMI and was promoted as part of Diabetes Alert Day...

Diabetes Testing Supplies, Lincoln Medical Supply


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Business Development

Mobility demand continues to grow steadily

July 15, 2024John Andrews

Tyler Mahncke estimates the demand for mobility equipment is growing at a 5%-9% annual rate, with approximately 60% paid for by public and private insurance.  “There is still a strong retail component to the market, specifically for scooters and wheelchairs,” said Mahncke, president of U.S. Rehab at Waterloo, Iowa-based VGM. “People want a backup and travel device.”  Functional Mobility Assessment data reveals that more than 15,000 clients use a mobility vehicle,...

U.S. Rehab


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E-SP

Technology: No longer aliens & robots

July 15, 2024Theresa Flaherty, Managing Editor

Recently, I talked to a sleep medicine specialist about the possibilities of AI-enabled technology for that patient population; the next I was talking to a diabetes company about the AI-enabled technology for those patients.  I can’t open my inbox without multiple daily pitches on the latest AI technology. It’s all very heady stuff for this writer who, until recently, found my eyes glazing over every time I heard the word algorithm.   But, the more people use it,...

Artificial Intelligence (AI), Diabetes, Sleep


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Dan Bunting

Also Noted

VGM names Dan Bunting as senior advisor 

July 15, 2024HME News Staff

WATERLOO, Iowa – VGM Group has announced that Dan Bunting, who was most recently COO and strategic advisor to the CEO of AdaptHealth, has joined its team as a senior advisor. In this role, Bunting will help VGM develop long-term strategies to promote and support its customers and the HME industry. “I don’t think there’s anyone in the United States who knows more about our industry than Dan,” said VGM Group CEO Jeremy Stolz. “The health care industry, and HME in...

AdaptHealth, Dan Bunting, VGM Group


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Also Noted

DME Service Solutions partners with NAHC 

July 15, 2024HME News Staff

WASHINGTON – DME Service Solutions, a provider of B2B outsourcing solutions specializing in health care, has partnered with the National Association for Home Care & Hospice to connect with a network of professionals focused on effective home care solutions. "We are honored to collaborate with NAHC, whose dedication to providing affordable care aligns with our mission at DME Service Solutions,” said Ryan Holbrook, president of DME Service Solutions. “We look forward to working...

DME Service Solutions, National Association for Home Care & Hospice


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