Tag: Home Infusion

BANNOCKBURN, Ill. – Option Care Health has released preliminary financial results for the third quarter ending Sept. 30, including net revenue of about $888 million to $893 million, representing 14% growth compared to the same period last year. The company expects net income of about $33 million to $36 million. Option Care also expects to report adjusted EBITDA of about $76 million to $79 million, representing 28% to 34% growth; cash flow from operations of about $50 million to $52 million;...

BANNOCKBURN, Ill. – Option Care Health has acquired Infinity Infusion Nursing for $50 million in cash.  Infinity Infusion, founded in 2017, has a network of more than 1,300 nurses across 49 states.  “I am personally very excited to welcome the Infinity team to our existing clinical organization of more than 2,900 nurses, pharmacists, pharmacy technicians, respiratory therapists and dieticians,” said John Rademacher, Option Care Health CEO. “The clinical capabilities...

WASHINGTON – Stakeholders are taking another swing at fixing the home infusion benefit, with new legislation introduced and, overall, increased awareness among lawmakers of the value of providing care in the home.  The Preserving Patient Access to Home Infusion Act, introduced Aug. 5 by Sens. Mark Warner, D-Va., and Tim Scott, R-S.C., provides technical clarifications to remove the requirement that a nurse or other health care professional be present in the patient’s home...

ROCHESTER HILLS, Mich. – InfuSystem reported second quarter net revenues of $24.8 million, a decrease of 4% compared to the same quarter a year ago.  Integrated Therapy Service net revenue was $16.3 million, an increase of 5% vs. prior year; DME Services net revenue was $8.5 million, a decrease of 18%; and Pain Management and Negative Pressure Wound Therapy combined net revenues increased 114%.  “2021 is proving to be a very dynamic year for InfuSystem and the health care...

TYLER, Texas – BioMatrix Specialty Pharmacy has acquired InfuCare, based here, adding a location in a key geographic area.  “We are pleased to welcome the InfuCare team as part of the BioMatrix family,” said Nick Karalis, CEO of BioMatrix. “A Texas pharmacy location is part of our strategic plan to expand our infusion services and increase access to covered lives. With complimentary core competencies and shared values of exceptional patient care, together we will improve...

MERCER ISLAND, Wash. – CarepathRx, a provider of pharmacy and medication management solutions, has announced a new home infusion partnership with Allied Health Solutions, part of the West Virginia University Medicine health system. The multi-year agreement will expand patient access to home infusion therapies to include both acute and specialty infusion medications. “Our partnership with WVU Medicine expands clinical services beyond their hospital walls and offers a new and unique service...

WASHINGTON – CMS has established a higher rate of $750 to administer monoclonal antibody treatment to Medicare beneficiaries with COVID-19 in their homes, including permanent residences or temporary lodgings.  The new rate accounts for the increased costs associated with the one-on-one nature of this care model and reflects additional information provided to CMS about providing these services in a safe and timely manner.  “CMS’s...

ATLANTA – Brightree’s pharmacy and home infusion customers can now easily access and enroll in a variety of RelayHealth offerings directly from Brightree’s RelayHealth Connection thanks to a newly expanded partnership. Customers have access to Pre- and Post-Edits for real-time feedback on submitted claims; and Patient Assistance Rx for two manufacturer-sponsored programs that automatically apply co-pay savings to patient prescriptions and convert denied claims...

NEW PROVIDENCE, R.I. – The Halifax Group, which invested in PromptCare Companies in 2017, is now looking to sell the company, according to PE Hub.  The process is in its second rounds, with first-round bids already submitted, according to the publication.  Because PromptCare has two distinct businesses – home infusion therapy and complex respiratory therapy – there may be two separate transactions, according to PE Hub.  PromptCare has nearly tripled...

BANNOCKBURN, Ill. – Option Care Health reported net revenues of $804.7 million for the fourth quarter of 2020, an increase of 11.6% compared to the same quarter in 2019. Net revenues for the full year were about $3 billion, an increase of 31.3% compared to the full year 2019. Adjusted EBITDA for the quarter was $67.7 million, and $221.7 million for the full year, up 27.7% and 69.5%, respectively. “I am incredibly proud of the effort and execution by the Option Care Health team in...