Tag: fiscal year 2025
MFCUs rack up nearly $2B in criminal and civil cases
March 23, 2026HME News Staff
WASHINGTON – The Medicaid Fraud Control Units (MFCUs) recovered $4.64 for every dollar spent by states and the federal government in fiscal year 2025, according to an annual report.
Other highlights from the report:
MFCU combined recoveries from criminal and civil cases totaled almost $2 billion. Criminal recoveries from convictions totaled $1.3 billion and civil recoveries totaled $706 million.
MFCUs also reported 674 civil settlements and judgments for FY 2025. Pharmaceutical manufacturers...
Quipt Home Medical says its effectively managing industry-wide pressures
December 15, 2025HME News Staff
CINCINNATI – Quipt Home Medical has reported revenue of $68.3 million for the fourth quarter of 2025, an 11% increase year over year. It has reported revenue of $245.5 million for fiscal year 2025, a slight decrease.
Net income for Q4 was a loss of $3.6 million compared to a loss of $2.9 million for the same period last year. Net income for FY25 was a loss of $10.7 million compared to a loss of $6.8 million last year.
Chairman and CEO Greg Crawford...
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...