Tag: CPAP Therapy

SAN DIEGO – ResMed reported revenue increased by 16% to $1.03 billion in the second quarter of fiscal year 2023 compared to the same period the previous year.  Net income was $224.9 million vs. $216.2 million.  “During the second quarter, we significantly increased production and delivery of flow generator devices to meet the incredible demand from customers, resulting in strong sales growth in the Americas, and solid overall performance for our business across 140 countries,”...

FRISCO, Texas – NasoClenz reduced bacterial colonization, while increasing comfort and compliance, in patients who use CPAP therapy to treat sleep apnea, according to the results of a clinical evaluation recently presented at the American College of Surgeons Clinical Congress. “Sleep apnea is a very serious health issue,” said lead author and presenter Keith Matheny, MD, FARS. “Anything we can offer patients that might help improve compliance with CPAP will have a tremendous...

NEW YORK – HME providers saw a 6.3% decline in their sleep patient volume in the last 12 months, but they expect double-digit growth in the next 12 months, according to the third quarter HME Sleep and Oxygen Survey from Needham.  The decline in sleep is mainly due to a shortage in flow generators. The eventual re-entry of Philips into the flow generator market appears likely to come mostly at the expense of smaller competitors rather than ResMed, according to the survey.  Respondents...

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...

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...

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...

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...

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....

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...

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...