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Tag: growth


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JMeds positions for growth with new hire

January 24, 2020HME News Staff

FORT WORTH, Texas - JMeds, a Kalos Health Services company, has hired Jenny Swain as its executive vice president of sales and clinical initiatives. Swain brings more than 20 years of experience in the long-term market, including at American Medical Technologies, an independent provider of wound care solutions for long-term care facilities nationwide. JMeds provides a consolidated service solution that includes DME, NPWT, oxygen and infection prevention across Texas and other southern states. Swain...

growth, JMeds, long-term care facilities, people news


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SoClean sets up second shop

September 5, 2019Theresa Flaherty, Managing Editor

PETERBOROUGH, N.H. - SoClean will add operations in Kalispell, Mont., in October, with plans to hire up to 100 people there in its first year, according to Montana Public Radio. Chief Information Officer Keith Brown told the radio station that the company, founded in 2011, is growing and needs a second North American office. “It's primarily going to be sales, customer service, some technical folks,” he said. “I imagine we'll have, eventually, marketing and other areas here in Kalispell...

CPAP Sanitizer, growth, SoClean


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Medicare trustees expect Part B costs to grow steadily

April 23, 2019HME News Staff

WASHINGTON - Projected costs for the Supplementary Medical Insurance (SMI) Trust Fund, which funds Medicare Part B and D, are expected to grow steadily from 2.1% of GDP in 2018 to about 3.7% GDP in 2038, according to the 2019 Medicare Trustees Report.The reason: an aging population and rising healthcare costs.Despite the growth, the SMI Trust Fund is expected to be adequately financed in all years because premium income and general revenue income are reset annually to cover expected costs, the trustees...

growth, healthcare costs, Medicare Trustees Report, spending


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Rehab Medical eyes national footprint

August 16, 2018HME News Staff

INDIANAPOLIS - Rehab Medical now has a presence in 13 states and the complex rehab provider is eyeing a national footprint, according to the Indiana Business Journal. The company hasn't decided how to accomplish that, though—organically or through acquisitions. Rehab Medical, which started as part of a larger company, Orbit Medical, provides complex power wheelchairs and mobility devices, as well as wound-therapy products, beds and some orthotics. In a rapidly consolidating market, Rehab Medical...

Complex Rehab, growth, Rehab Medical


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Medline nearly triples footprint in Maryland

December 20, 2017HME News Staff

BALTIMORE - Medline is nearly tripling its footprint in Maryland with the construction of a 1.1 million-square-foot distribution center in the Principio Business Park in Perryville. The new center, which will replace the company's current Havre de Grace facility, will be LEED-certified and is expected to create more than 200 new jobs over the next six years, according to a press release from the Maryland Department of Commerce. The center is one of 40 strategically located across the county, from...

distribution, growth, Medline


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Universal Software outgrows corporate office

May 3, 2017HME News Staff

NOVI, Mich. - Universal Software Solutions has added a second office here. The company says business has grown so much in the past few years that it has outgrown its corporate office in Davison, Mich. “In the past few months, we have added many new programming, customer support and training staff,” said Dave Golen, vice president. While Universal Software Solutions will keep its corporate office in Davison, it moved its training, sales and marketing departments to the Novi office in April....

growth, software, Universal Software Solutions


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CHME secures $4M term loan

May 3, 2017HME News Staff

COSTA MESA, Calif. - Pacific Mercantile Bank has extended a $4 million term loan to CHME, an HME provider. CHME, originally California Home Medical Equipment, was referred to Pacific Mercantile Bank by Unique Investment Corp., CHME's private equity sponsor. “With the knowledge they gained, they were able to structure a loan that meets our financing needs and allows us to increase our working capital to support the growth opportunities we are seeing,” said Bernie Zimmer, president of CHME....

CHME, growth, loan


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CMS provides Medicare Advantage updates for 2017

September 27, 2016HME News Staff

WASHINGTON - Medicare Advantage premiums will remain stable and for the seventh straight year enrollment is projected to increase to a new all-time high, CMS announced Sept. 22. The average monthly premium will decrease by $1.19, from $32.59 in 2016 to $31.40 in 2017, about 4%. The majority of Medicare Advantage enrollees (67%) will experience no increase in premiums. Enrollment will increase to 18.5 million in 2017, a 60% increase from 2010. Thirty-two percent of all Medicare enrollees will be in...

growth, Medicare Advantage, premiums


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Aeroflow adds 50 employees

August 30, 2016HME News Staff

ASHEVILLE, N.C. - Aeroflow Healthcare has added 50 employees this year, 22 of them in its breastpumps department. “The department currently shows a 110% growth percentage from January,” the provider stated in an Aug. 29 press release. Aeroflow has also boosted its billing department with 12 employees this year, representing a 34% growth rate. The provider has added nine and five employees to its customer service and marketing departments, respectively. “We have added truly amazing...

Aeroflow, growth


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Study: Growth in healthcare spending lower than average

July 14, 2016HME News Staff

WASHINGTON - Total healthcare spending growth is expected to average 5.8% annually over 2015-2025, according to a report published July 13 by Health Affairs and authored by CMS's Office of the Actuary. Projected healthcare spending growth remains lower than the average over previous two decades before 2008 (nearly 8%). “The Affordable Care Act continues to help keep overall health spending growth at a modest level and at a lower growth rate than the previous two decades,” said CMS Acting...

CMS, growth, Health Affairs, healthcare spending


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