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Tag: Cardinal Health


Alex Hoopes

Smart Talk

Hospital-at-home: Start thinking ahead

July 10, 2024Alex Hoopes

Q. What is the future of hospital-at-home, beyond serving patients with acute illness, and how might that impact HME?  A. The data is clear – we know hospital-at-home can improve patient outcomes, reduce unnecessary health care spending and lead to fewer readmissions. These successes will undoubtedly drive the demand to offer hospital-at-home services to patients in rural and underserved areas who may be far from a physical hospital facility. Telehealth, AI and remote monitoring technology...

Alex Hoopes, Cardinal Health, hospital-at-home


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Alex Hoopes

Smart Talk

Hospital-at-home: Ensure integrity of supplies

June 12, 2024Alex Hoopes

Q. How are hospital-at-home supply chain logistics different than in brick-and-mortar health care?    A. In a traditional hospital setting, large trucks make deliveries to facility loading docks on routine schedules. These products are then stored all over the hospital in patient rooms and storage closets. If a patient needs a product and it is not already in the hospital room, a nurse can easily walk down the hall to a supply closet to get what they need.   With hospital-at-home...

Alex Hoopes, Cardinal Health, hospital-at-home


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Alex Hoopes

Smart Talk

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...

Alex Hoopes, Cardinal Health, hospital-at-home


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Jason Hollar

Also Noted

Cardinal Health sees ‘ongoing acceleration’ 

May 6, 2024HME News Staff

DUBLIN, Ohio – Cardinal Health’s at-Home Solutions operating segment, along with two other segments, reported revenue of $1.2 billion for the third quarter of the company's fiscal year 2024, a 14% increase year over year. The “other” segment, which also includes Nuclear and Precision Health Solutions and OptiFreight Logistics, posted a profit of $11 million, a 5% increase, due to the performance of OptiFreight Logistics. Overall, Cardinal Health reported revenue of $54.9...

at-Home Solutions, Cardinal Health, Financial Results


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News

In brief: Quipt’s ‘robust’ quarter, Cardinal’s raised guidance, Paragon’s 30th anniversary 

February 16, 2024HME News Staff

CINCINNATI – Quipt Home Medical reported revenue of $65.4 million for the first quarter of fiscal 2024, a 60% increase compared to the same period last year.  Adjusted EBITDA was $15.3 million (23.5% of revenue) vs. $9.0 million (22% of revenue), a 71% increase; and net income (loss) was $(0.6) million vs. $0.3 million.  “We continued experiencing robust demand trends in the first quarter across our diverse product offering and are very pleased with the continued record...

Cardinal Health, Paragon Ventures, Quipt Home Medical


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Also Noted

Cardinal Health raises guidance 

February 15, 2024HME News Staff

DUBLIN, Ohio – Cardinal Health’s medical segment reported revenue of $3.9 billion, a 3% increase, driven by growth in at-Home Solutions and Global Medical Products and Distribution, primarily reflecting higher Cardinal Health brand volumes. The segment’s profit increased by $54 million to $71 million in the quarter, driven by an improvement in net inflationary impacts, including mitigation measures. Overall, Cardinal Health reported revenue of $57.4 billion for the second quarter...

Cardinal Health, Cardinal Health at-Home


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News

In brief: MA payments, tech stage, device risk, Cardinal acquisition

February 2, 2024HME News Staff

WASHINGTON – CMS has released a Calendar Year 2025 Advance Notice for the Medicare Advantage and Medicare Part D Prescription Drug Programs that would pave the way for payments to MA plans to increase on average by 3.7%, or more than $16 billion, from 2024 to 2025.  “CMS continues to ensure that Medicare Advantage and Part D prescription drug plans remain strong, stable and affordable offerings,” said CMS Administrator Chiquita Brooks-LaSure. “The Advance Notice upholds...

Advanced Diabetes Supply (ADS), Cardinal Health, FreeStyle Libre, Medicare Advantage, MK Battery, Rolko North America


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Also Noted

Cardinal Health to acquire Specialty Networks

February 1, 2024HME News Staff

DUBLIN, Ohio – Cardinal Health has entered into an agreement to acquire Specialty Networks, a technology-enabled, multi-specialty group purchasing and practice enhancement organization, for $1.2 billion in cash. The acquisition demonstrates Cardinal Health's strategic prioritization of investing to accelerate growth in its Specialty business and provide leading-edge technologies, capabilities and talent that address critical business and customer needs. It also complements Cardinal Health's...

Cardinal Health, Specialty Networks


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Vendors

Cardinal Health doubles down on at-Home Solutions

January 11, 2024HME News Staff

DUBLIN, Ohio – Cardinal Health plans to further invest in its Medical Segment, which includes at-Home Solutions, its home medical supplies business, and has realigned its structure to accelerate growth.   To support increased demand for at-Home Solutions, which generates $2.6 billion in revenue, the company is investing in network expansion and additional distribution centers. It has announced plans to build a new distribution center in Texas, with increased capacity, advanced...

at-Home Solutions, Cardinal Health, Medical supplies


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Jason Hollar

Vendors

Cardinal Health raises outlook on strong Q1 

November 6, 2023HME News Staff

DUBLIN, Ohio – Cardinal Health reported revenue of $54.8 billion for the first quarter of fiscal year 2024, a 10% increase year over year.  The company reported revenue of $3.8 billion for its medical segment, which was flat due to lower PPE volumes and pricing, offset by growth in at-Home Solutions and inflationary impacts, including mitigation initiatives.  "With strong first quarter results, we are continuing our operating momentum into fiscal 2024," said Jason Hollar, CEO...

at-Home Solutions, Cardinal Health, Financial Results


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