Tag: Carolina's Home Medical Equipment

ELYRIA, Ohio - Invacare reaffirmed its long-term target of $85 million to $105 million adjusted EBITDA run-rate by the fourth quarter of 2020 at the Baird Global Healthcare Conference in New York on Sept. 4. Invacare's Matt Monaghan said the company expects to achieve the goal through a combination of net sales growth driven by new product introductions, supply chain actions to expand gross margin and cost-optimization initiatives to meaningfully reduce SG&A expense. “After four years...

CHARLOTTE, N.C. - Carolina's Home Medical Equipment, Inc., has launched a new division, CHMEI BreastPumps. CHMEI BreastPumps has partnered with Spectra, Medela and others to offer industry leading breast pumps and accessories through a simple three-step process that allows women to get their breast pumps covered by insurance and shipped right to their doorstep. “There are about 120,000 live births each year in North Carolina alone,” said Andrew Trammell, president and CEO of Carolina's. “We're...

MATTHEWS, N.C. - Carolina's Home Medical Equipment has its own way of measuring just how well the full-service DME company is meeting patient expectations. The first: customer satisfaction. “We treat every customer as if it was our own parent, so if it's not good enough for our mom we're not going to do it,” said Andrew Trammell, vice president and CFO of Carolina's, based in Matthews, N.C. Carolina's founder, Frank Trammell, calls this focus “extreme service.”...

WASHINGTON - Lawmakers should heed the findings of a new report that raises concerns about the roll out of competitive bidding rates nationwide, says The Council for Quality Respiratory Care. The report, published by The Moran Company, highlights several “deficiencies” with the program, including: use of non-binding bids; use of the median bid to calculate payment amounts; and use of composite bids, which it says incentivizes bidders to “game the system” by bidding low...

CHARLESTON, S.C. - DASCO Home Medical Equipment of Westerville, Ohio, took home the 2016 HME Excellence Award for Best HME Provider at the HME News Business Summit on Sept. 19. Carolina's Home Medical Equipment of Matthews, N.C., took home second place; and Professional Respiratory & Rehab Medical Equipment & Supplies of Chattanooga, Tenn., took home third place. Profiles of all of the award winners will appear in the Show Dailies distributed at Medtrade, Oct. 31 to Nov. 3, at the Georgia...

NEW YORK - The HME industry continues to make its mark on Inc. Magazine's 35th annual 5000 list of fastest growing privately held companies in the country. At No. 3395, Cape Medical Supply in Sandwich, Mass. has been named to the Inc. 5000 list for the seventh year. “Making this list once is an honor, but making it seven times is incredible,” said Gary Sheehan, president and CEO, in a release. “It is a true team effort proving that our strategy is solid, and that our team's...

Fisher & Paykel Healthcare has signed a lease to operate a 125,000-square-foot facility in Moreno Valley, Calif., according to The Press Enterprise. The company already has an office in Irvine. City officials say the Auckland, New Zealand-based Fisher & Paykel plans to work with them to bring manufacturing jobs to Moreno Valley and to apply for Foreign Trade Zone designation�Algona, Wash.-based EZ-Access, a division of Homecare Products, Inc., has named Cy Corgan national sales manager to strengthen...

CHARLOTTE, N.C. - Carolina's Home Medical Equipment has made Inc. magazine's 2015 list of Fastest Growing Private Companies in the U.S. for the fourth consecutive year. The company ranked in the top 15 healthcare companies in North Carolina. “Having experienced a 50% reimbursement cut from most payers over the last three to four years, it is clear to me that the relationships we have with our customers and referral sources made this possible,” said Frank Trammell, president and...

Matthews, N.C. - Carolina's Home Medical Equipment has restructured to handle an increased demand created by the Round 1 recompete of the competitive bidding program with Andrew Trammell promoted to vice-president and CFO. The North Carolina provider has also created a new position to oversee audit activity and regulatory compliance. "I would like to hope that the audit disaster could be resolved legislatively,” said Frank Trammell, president and CEO, “but I simply do not see that happening...

BALTIMORE - Medicare Administrative Contractors (MACs) failed to meet one-quarter of CMS's performance standards, according to a new report from the Office of Inspector General (OIG). “Given the billion of dollars awarded to Medicare Administrative Contractors and the critical role they play in administering the Medicare program, effective oversight of performance is important to ensure that they are adequately processing claims,” the OIG states. The OIG based its findings on a performance...