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Tag: CPAP Therapy


Mick Farrell

Vendors

ResMed aims to ‘lock in’ increasing market share

August 12, 2022Liz Beaulieu, Editor

SAN DIEGO – Mick Farrell’s tone has shifted slightly when it comes to ResMed increasing its market share amid a major competitor’s recall.  During a conference call to discuss the company’s fourth quarter and fiscal year 2022 financial results, the CEO said he no longer looks at it as “incremental or temporal.”  “This is permanent share taking,” he said. “We’re going to go in, we’re going to get share and we’re...

CPAP recall, CPAP Therapy, Mick Farrell, ResMed


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Mick Farrell

Vendors

ResMed reports ‘strong growth’

August 12, 2022HME News Staff

SAN DIEGO – ResMed reported revenue of $914.7 million for the fourth quarter of 2022, a 4% increase compared to the same period in 2021. It reported revenue of $3.6 billion for fiscal year 2022, a 12% increase compared to 2021. “Our fourth quarter and full-year fiscal year 2022 results demonstrate strong growth and ResMed’s market leadership,” said Mick Farrell, ResMed’s CEO. “During the quarter, we saw continued adoption of our most advanced platform innovation...

CPAP Therapy, Financial Results, ResMed


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Also Noted

SleepRes introduces V̇-Com 

June 6, 2022HME News Staff

NASHVILLE, Tenn. – SleepRes has entered the sleep therapy market with V̇-Com, a device that softens peak inspiratory flow to make CPAP devices more comfortable and increase adherence. “This may be the most important comfort factor in the PAP circuit since we developed BiPAP over 30 years ago,” said Eugene Scarberry, retired senior staff engineer at Philips Respironics for 35 years. “At the end of the day it is all about adherence and the V̇-Com is a whole new approach to...

CPAP Therapy, inspiratory flow, Sleep Therapy, SleepRes


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News

 In brief: VGM searches, sleep study questions, Quipt accelerates

May 20, 2022HME News Staff

WATERLOO, Iowa – VGM Group has begun a nationwide search for a new president to lead its VGM & Associates division.  Clint Geffert, who joined VGM in 2012, has announced his resignation to pursue a new role with a manufacturer and distributor in the HME industry. Geffert spent his time as president focused on identifying solutions for VGM members, so they could focus on providing high quality care at a better cost.  “Clint remains a friend to VGM and a valued leader in...

Clint Geffert, CPAP Therapy, Quipt Home Medical, The VGM Group


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Providers

Quipt Home Medical sees ‘accelerating momentum’ 

May 17, 2022HME News Staff

CINCINNATI – Quipt Home Medical reported revenue of $33.6 million for the second quarter of fiscal year 2022, a 38% increase over the same period last year.  It reported net income of $5 million vs. a net loss of $12.5 million.  “We are extremely proud of the robust results we experienced in our fiscal second quarter, which showed accelerating momentum across our heavily weighted respiratory product mix as the quarter progressed,” said CEO and Chairman Greg Crawford....

CPAP Therapy, Financial Results, Quipt Home Medical


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Specialty Providers

Quipt buys Good Night

April 19, 2022HME News Staff

CINCINNATI – Quipt Home Medical has acquired Good Night Medical, a business with operations across seven states, for about $7 million in cash.  The acquisition provides Quipt Home Medical with expansion opportunities into Massachusetts, North Carolina and Texas, where it doesn’t have a presence.  “Good Night Medical strengthens our healthcare network across multiple states, enhancing our national coverage sphere over an area that includes about 5 million COPD sufferers...

CPAP Therapy, Good Night Medical, M&A, Quipt Home Medical, Respiratory Therapy


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Woody O'Neal

Specialty Providers

CPAP therapy has become less efficient

April 8, 2022Theresa Flaherty, Managing Editor

YARMOUTH, Maine – With HME providers struggling to obtain CPAP devices, payers should consider suspending compliance requirements, they argue.  Current Medicare guidelines call for patients to use their CPAP machines for at least four hours per night at least 70% of the time within any given time frame.  “It’d be great if they did, but I don’t have much hope any payer is going to,” said Woody O’Neal, vice president of Pelham, Ala.-based O2 Neal...

compliance requirements, CPAP Therapy


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News

In brief: CPAP preferences shift, Belluscura snags gov’t contract, CMS invests in home care 

April 8, 2022HME News Staff

NEW YORK – HME providers expect to shift an average of 58.4% of their Philips Respironics flow generator purchases and an average of 30.2% of their mask purchases to other companies due to the recall, according to the first quarter HME Sleep and Oxygen Survey from Needham.  That’s up from the 56% and 23.1%, respectively, reported in the third quarter survey.  “ResMed should gain market share over the (next 12 months),” the survey states. “Respondents...

Belluscura, CPAP recall, CPAP Therapy, Money Follows the Person, Portable Oxygen Concentrator


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Also Noted

Study: CPAP for elderly patients not as effective

February 23, 2022HME News Staff

COLUMBIA, Mo. – CPAP therapy may not be as effective for patients older than 80, say researchers from the University of Missouri School of Medicine. In a study published in Sleep Medicine, researchers studied 369 participants over the age of 70 with OSA and assigned roughly half to receive CPAP therapy for three months. Researchers used several metrics to compare both groups, including a subjective measure of a patient’s sleepiness, the effect of CPAP on sleep-related quality of life,...

CPAP Therapy, Dr. David Gozal, Sleep Apnea


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Josh Marx

Providers

Medical Service Company creates pathway to compliance

November 23, 2021Theresa Flaherty, Managing Editor

ATLANTA – With 70% of patient outreach calls going to “voice mail hell,” Medical Service Company knew it needed to revamp its PAP adherence program to boost patient engagement and compliance, and create better efficiencies.  So, the company set out to create an automated, scalable program using not only voice calls but also texts and emails, based on preference, to assess patients and evaluate factors that affect outcomes.  “So much of our process was to ask...

Automation, Compliance, CPAP Therapy, Medical Service Company


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