Tag: Home Infusion Therapy

BANNOCKBURN, Ill. – After a “sluggish” start in the first quarter of 2022, the rest of the year looks to be “productive” for Option Care Health, says CEO John Rademacher.  “As we entered the year, we were in the midst of the COVID resurgence related to the omicron variant,” said Rademacher on a recent earnings call. “This had a very disruptive impact on our referral patterns and local pharmacy operation. Given the resilience of our teams in...

HONOLULU – Pharmacare Hawaii, a diversified pharmacy company serving thousands through community pharmacies, a home infusion pharmacy, a specialty pharmacy and a long-term care pharmacy, has signed a multi-year contract with Inovalon, a provider of cloud-based platforms. Pharmacare Hawaii will use ScriptMed Cloud, an eight-module, end-to-end solution powered by the Inovalon ONE Platform, to manage patient care across its rapidly growing specialty and infusion pharmacy network. “We’re...

ATLANTA – Brightree has implemented more than one dozen major enhancements to its Brightree Business Management Solution for Pharmacy that will allow home infusion pharmacies to automate critical daily tasks and reduce manual burdens on staff. Enhancements include:  Comprehensive patient intake – New customizable, role-driven workflows guide each staff member through their portion of the patient intake process, with indicators for required information at each stage.  Discharge...

YARMOUTH, Maine – A handful of recently announced deals underscores the continued appetite for home infusion companies propelled by the COVID-19 pandemic, say M&A analysts.  Option Care Health recently announced it acquired Wasatch Infusion and entered into an agreement to acquire Specialty Pharmacy Nursing Network.  “Option Care has been doing deals for 20 years and I don’t think that’s going to stop – they continue to fill out their geographic...

BANNOCKBURN, Ill. – Option Care Health in 2021 invested more than $100 million, including both a recent acquisition and a planned acquisition, as it seeks to build out a “critical” national nursing network, said CEO John Rademacher.  On a Feb. 24 earnings call, the company said it had acquired Salt Lake City, Utah-based Wasatch Infusion, with four infusion centers, for $18 million in December. It also announced that it has entered into an agreement to acquire Sarasota, Fla.-based...

BANNOCKBURN, Ill. – Option Care Health reported net revenue of $927.2 million for the fourth quarter of 2021 and gross profit of $212.2 million, increases of just over 15% compared to the fourth quarter of 2020. Net revenue for the full year was about $3.4 billion, an increase of about 13.4% and gross profit was $779.6 million, or 22.7% of revenue, an increase of 14.2% over 2020. Adjusted EBITDA was $289.8 million. The company also announced that it acquired Wasatch Infusion LLC, an infusion...

ALEXANDRIA, Va. – The National Home Infusion Association has announced the 2022 Fellow Program (FNHIA) cohort, made up of highly accomplished home and alternate site infusion professionals. Those selected for the FNHIA program include: Brett Benfield, Penny Allen, Cheryl Gast-Whitaker, Cynde Derryberry, Robert Buzas, Pammi Jo Farren, and Glenel Tillich. “Congratulations to this year’s fellows,” said Connie Sullivan, NHIA president and CEO. “This program was created to...

WASHINGTON - The National Home Infusion Association isn’t surprised by a recent report from CMS that shows a drop in the number of beneficiaries using the Medicare Part B home infusion therapy (HIT) services benefit.  The association says the report shows the benefit has failed to draw sufficient participation from providers to ensure equitable access across the country.  “The Part B HIT services benefit is clearly failing to meet the needs of Medicare beneficiaries,”...

FRISCO, Texas – Soleo Health has been selected as a limited distribution partner for VYGART by argenx SE. Effective immediately, Soleo Health is able to manage and administer VYVGART intravenously in the homes of patients or at its ambulatory infusion centers nationwide. “Soleo Health is at the forefront of bringing revolutionary specialty pharmaceuticals to patients nationwide with this new partnership with argenx,” said Drew Walk, Soleo Health CEO. “Our ever-growing limited...

ALEXANDRIA, Va. – The National Home Infusion Association and several allied organizations have asked the U.S. Food and Drug Administration and state regulatory agencies to investigate unregulated, direct access infusion businesses that provide individuals with intravenous solutions absent the recommendation of a licensed prescriber.   These businesses, they say, treat hangovers, exercise recovery and elevation sickness, which can usually be resolved with oral medications or through...