Tag: 02 Concepts

WASHINGTON - Respiratory stakeholders have begun work to develop outcomes-based care models. Earlier this year, AAHomecare distributed a survey to respiratory stakeholders, exploring the possibility of developing a new payment methodology focusing on chronic respiratory management. After obtaining results, AAHomecare HME/Respiratory Therapy Council members and American Association for Respiratory Care executives met to begin to develop basic tenets for a chronic respiratory care model that is patient-focused,...

02 Concepts has named Cory Smith CFO. Smith has held leadership positions in finance and information technology for more than a decade, most recently at Endologix, which has gone from a $7 million device maker to a $150 million company�SleepQuest has named Bill Vandervennet as president and CEO. Vandervennet has held healthcare leadership positions for more than 25 years, most recently as COO for URAC, an accrediting organization.

With razor-thin margins an ongoing concern in the reimbursement cut-weary oxygen market, respiratory providers need to find the right resources and strategies to maintain profitability. The solution, manufacturers say, is in supply chain relationships and non-delivery models.“Providers need to partner with manufacturers that can help them lower their operating costs over the long term, without reducing the level of care to their patients,” said Brad Ritt, business development manager...

OKLAHOMA CITY - It's turning out to be a banner year for O2 Concepts.The manufacturer has been around for five years, but it pocketed its first outside investment in July and plans to launch a new POC by 2016.“We're in the middle of launching DNA Technology right now,” said CEO Rob Kent of the software platform that allows HME providers to access usage and other data from a Verizon modem in the company's POC.Currently, O2 Concepts has one flagship product: the Oxlife Independence, a POC...

OKLAHOMA CITY, Okla. - O2 Concepts and BOK Financial Capital, a financial services holding company, have closed on a strategic investment.Proceeds from the investment, the first outside capital that O2 Concepts has raised since launching in 2010, will support international expansion, manufacturing facility enhancements and new product development.“Our partnership with BOK Financial Capital Corporation allows us to accelerate our already impressive rate of growth,” said Rob Kent, president...

Whether an oxygen provider won the second round of Medicare competitive bidding or not, the results are the same: a dramatic restructuring of the oxygen business model is necessary for continued viability in the category, market experts say.With reimbursement cuts of 45%,  it is a new era of austerity that requires wringing every dollar out of every transaction, says Scott Wilkinson, executive vice president of sales at Goleta, Calif.-based Inogen.“Forty-five percent is a hefty cut covering...