Tag: durable medical equipment

AUSTIN, Texas - US Med-Equip, a provider of DME, including infusion pumps, patient monitors and ventilators, has been recognized with the Lee Brandon Walker Award. The award is presented by Owner Resource Group (ORG), an Austin-based private investment firm, and is named after one of ORG's founding members who died in 2014 from an undiagnosed heart condition while helping save the life of an animal in the wilderness. "It is a tremendous honor to earn this award established in honor...

RALEIGH, N.C. – A Perfect Fit for You, a DME provider owned by Margaret Gibson, was ordered to pay a $2 million fine and more than $10 million in restitution to the North Carolina Medicaid program for alleged fraudulent claims submitted by employees for DME between March 2015 and November 201. In some cases, the identifying information of deceased beneficiaries was allegedly used. A civil claim under the federal and state False Claims Act was also filed against...

ROCHESTER HILLS, Mich. – InfuSystem, a provider of infusion pump therapy and other health care services, has acquired FilAMed, a biomedical services company based in Bakersfield, Calif. “The addition of FilAMed broadens and enhances our scope of biomedical services within our DME platform and provides us the opportunity to enter the acute care market,” said Richard DiIorio, CEO.  “Our customers will benefit from a broader range of services, including...

WALTHAM, Mass. - Great Elm Capital Group has reported first quarter revenue for DME grew 10.4% year over year and 5% sequentially, results that show the company's ability to grow despite the negative impact of the COVID-19 pandemic, officials say. Great Elm reported a net loss for DME of $500,000 vs. $800,000 year over year, and an adjusted EBITDA of $2.8 million vs. $3 million year over year. “We made significant progress toward achievement of our strategic goals for both our DME and Investment...

WASHINGTON - CMS announced on Oct. 8 new terms for payments issued under the Accelerated and Advance Payment (AAP) Program. Under the “Continuing Appropriations Act, 2021 and Other Extensions Act,” repayment will now begin one year from the issuance date of each provider's or supplier's accelerated or advance payment. “In the throes of an unprecedented pandemic, providers and suppliers on the frontlines needed a lifeline to help keep them afloat,” said CMS Administrator Seema...

SAVANNAH, Ga. - Patrick Wolfe, operator of Wilmington Island Medical in Georgia, pleaded guilty to one count of conspiracy for his role in a scheme in which he paid kickbacks in return for leads for DME like orthotic braces and then billed Medicare Part B for the items.This prosecution stems from “Operation Brace Yourself,” a nationwide fraud takedown of a $1.2 billion scheme uncovered in 2019.The combined total of fraud charged in these Georgia cases, which include eight physicians,...

LOGAN, Utah - Stander Inc. will serve as the exclusive North American distributor of TrustCare AB, a Swedish manufacturer of rollators and ancillary products. “Stander has always prided itself on creating quality innovative solutions to help people live more safely, comfortably and independently, so we jumped at the opportunity to add TrustCare's outstanding, Swedish-designed mobility products to our mix,” said Brandon Birch, Stander's CEO. Stander has a retail network consisting of more...

ELYRIA, Ohio - Now that it has a more robust pipeline in place, Invacare needs to more effectively commercialize its new products, says Matthew Monaghan.Last year, the company launched in North America the ROVI A3 Power Wheelchair with Motion Concepts MPS Maxx Modular Power Standing System and the Invacare microAIR Therapeutic Support Surfaces, among other products.“In 2019, we launched many new innovative products, but we admittedly weren't as effective in commercializing them as expected,”...

PORT WASHINGTON, N.Y. - HME providers say they're keeping an eye on Drive DeVilbiss Healthcare, now that it has been reported the company is $600 million in debt.“We do buy from them and rely on them, so it's troubling,” said John Quinlan, president of the Northeast Medical Equipment Providers Association (NEMEP) and owner of Quinlan's Pharmacy & Medical Supply in Wayland, N.Y.The Wall Street Journal reported on Sept. 4 that Medical Depot, which operates Drive DeVilbiss, has begun restructuring...

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...