Tag: First Quarter (Q1)
Quipt: ‘We’ve got a lot of levers that we’re pulling’
February 12, 2025Theresa Flaherty, Managing Editor
CINCINNATI – Quipt Home Medical is focusing on “steady progress” in the face of several headwinds, including an expected $3 million annual impact from the expiration of 75/25 blended Medicare reimbursement rates.
The company, which seeks to return to 8% to 10% organic growth rate in 2025, has also been impacted by the withdrawal of Medicare Advantage members due to a capitated agreement with other providers and a discontinued disposable supply contract.
“It’s...
Quipt: Results reflect ‘tangible progress’
February 11, 2025HME News Staff
CINCINNATI – Quipt Home Medical has reported revenue of $61.4 million for the first quarter of fiscal year 2025, a 2% increase compared to the same period last year. The company says its revenue was reduced by about $1.5 million for the three months ended Dec. 31, 2024, vs. the same period in 2023 due to:
Discontinued 75/25 blended Medicare reimbursement rates for certain areas
Withdrawal of Medicare Advantage members due to a capitated agreement with other providers
Discontinued...
Sales are up at Invacare, just not for NA/HME
May 8, 2018HME News Staff
ELYRIA, Ohio - Invacare reported net sales of $237.1 million for the first quarter of 2018 compared to $231.7 million for the same period last year, a 2.3% increase.It reported a net loss of $14.1 million vs. $16.8 million.For North America/HME, however, Invacare reported net sales of $79.8 million for the first quarter compared to $84.3 million for the same period in 2017, a 5.3% decrease. The company blamed the decline in NA/HME on decreases in sales for respiratory and lifestyle products,...
HME dealmaking off to slow start
June 19, 2015Liz Beaulieu, Editor
I love how The Braff Group thinks.
It noticed last June a particularly low deal count for the HME industry in the first quarter of 2015. But it also noticed a low deal count for the other healthcare sectors it tracks.
So it asked itself, how much of the fourth quarter to first quarter decline was a lull in dealmaking as the New Year kicked off?
I'll let The Braff Group explain:
“To answer this, we first added up all the deals completed in a particular quarter since 2001. Then,...