Tag: Apria Heathcare

INDIANAPOLIS – Apria Healthcare reported that revenue for home respiratory therapy was up 8% in the fourth quarter of 2020, largely driven by an increase in demand for COVID-19 patients, company execs said on a recent earnings call.  New oxygen setups increased 77% during the fourth quarter of 2020, compared to the same quarter in 2019.   “The fourth quarter of 2020 was a record quarter for Apria,” said CFO Debra Morris. “While...

INDIANAPOLIS – Apria Healthcare reported net revenue of $293.8 million for the fourth quarter of 2020, an increase of 5% compared the same quarter in 2019.  Net revenue for the full year was $1.11 billion, up 2% compared to 2019.  “We made great strides during 2020, creating significant efficiencies throughout the organization, and we closed out the year with solid financial results ahead of our expectations,” said Dan Starck, CEO. “Despite the challenges presented...

WASHINGTON – The Council for Quality Respiratory Care has partnered with AAHomecare and the VGM Group to send a one-page letter to CMS urging the agency to publish the DMEPOS final rule as quickly as possible. A proposed rule published in October outlined the agency’s plans to make permanent the 50-50 blended reimbursement rates in rural areas. “In light of the pandemic, it is more important than ever that the Medicare payment system provides stability to suppliers...

INDIANAPOLIS – Apria Healthcare has announced the launch of its initial public offering of 7.5 million shares of its common stock, with an initial offering price expected to be between $19 - $21 per share. The selling stockholders expect to grant the underwriters a 30-day option to purchase up to an additional 1.125 million shares of common stock. Apria will not receive any net proceeds from the sale of its common stock by the selling stockholders, including from any exercise by...

NEW YORK – The acting U.S. Attorney for the Southern District of New York has announced a $40.5 million settlement with Apria Healthcare for alleged fraudulent billing practices for non-invasive ventilators. The lawsuit alleges, among other claims, that Apria submitted false claims to federal health programs, including Medicare and Medicaid, seeking reimbursement for the rental of non-invasive vents to beneficiaries who were not using the NIVs. Other claims in the lawsuit: Apria...

NEW YORK – The acting U.S. Attorney for the Southern District of New York has announced a $40.5 million settlement with Apria Healthcare for alleged fraudulent billing practices for non-invasive ventilators.  The lawsuit alleges, among other claims, that Apria submitted false claims to federal health programs, including Medicare and Medicaid, seeking reimbursement for the rental of non-invasive vents to beneficiaries who were not using the NIVs.   Other claims in the...

LAKE FOREST, Calif. - A global pandemic wasn't exactly a consideration in the company's contingency plans, but as it celebrates its 25th anniversary, Apria Healthcare CEO Dan Starck says it has always paid to be prepared.The company began monitoring the pandemic early on and by the time the severity of it became clear in mid-March, Apria switched into high gear, increasing its inventory of PPE and moving 60% of employees to work from home in one to two weeks.“There were people who thought we...

HOUSTON - Apria Healthcare is suing a former office administrator at its office here for allegedly taking and reselling CPAP devices since 2014, according to the Southeast Texas Record. Apria filed a complaint on July 9 in Harris County District Court against Rebecca Bowman, alleging breach of fiduciary duty, conversion, exemplary damages, breach of contract and violation of the Texas Theft Liability Act. Apria hired Bowman as office administrator for the Houston office in 1997, but the company says...