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Tag: Home Medical Equipment (HME)


Providers

Owens & Minor’s Patient Direct posts 8% increase

February 20, 2024HME News Staff

RICHMOND, Va. – Owens & Minor reported fourth quarter revenue of $664 million for its Patient Direct segment, up 8% compared to the fourth quarter of 2022.  Consolidated revenue was $2.7 billion, an increase of 4%, year-over-year.  “We once again delivered on our commitments and had a strong finish to 2023, demonstrated by our top-line growth across both business segments, robust profit growth and exceptional operating cash flow which allowed us to further strengthen our...

Home Medical Equipment (HME), Owens & Minor


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Providers

Paragon Ventures marks 30 years

February 14, 2024HME News Staff

NEWTOWN, Pa. – Paragon Ventures is celebrating 30 years of strategic M&A for health care businesses.   The company has successfully completed more than 350 strategic mergers and acquisitions transactions in 45 states and across the continuum of health care, including infusion therapy, behavioral health, medical device, pharmacy, home medical equipment and advanced medical technologies.  “Our 30th anniversary is a testament to the trust placed in us by our clients...

Home Medical Equipment (HME), Mergers & Acquisitions (M&A), Paragon Ventures


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Brian Healey

Providers

JANZ: ‘We have the model built’

February 2, 2024Theresa Flaherty, Managing Editor

COLUMBUS, Ohio – Its recent acquisition of Mullaney’s Medical Supply opens the door for JANZ Corp., a service-disabled, veteran-owned small business that has focused on serving military installations and veterans, to also serve people in their homes, says President Brian Healey.  While JANZ’s primary market for the military has been maternal and infant products, mobility products for injured soldiers and CPAP devices, it has now expanded its portfolio to include a wider...

Home Medical Equipment (HME), JANZ, Military, Mullaney's Medical Supply


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News

Report: Home medical devices pose risk

January 31, 2024HME News Staff

PLYMOUTH MEETING, Pa. – One of the nation’s largest nonprofit patient safety organizations has named challenges for patients and caregivers using medical devices at home as the most pressing health technology safety hazard for 2024.   In a new report, ECRI, an independent, nonprofit organization improving the safety, quality, and cost-effectiveness of care across all health care settings worldwide, says that medical devices used in the home, such as infusion pumps and ventilators,...

Home Medical Equipment (HME), Patient safety


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newspoll

News

Providers prioritize tech in 2024

January 26, 2024Theresa Flaherty, Managing Editor

YARMOUTH, Maine – Technology ranks high on the list of investments providers plan to focus on this year, say more than half of respondents to a recent HME Newspoll.  Fifty-six percent of poll respondents said investments in technology are a necessity these days.  “We need to move toward a more comprehensive revenue cycle process to address shrinking margins, increased audits and hiring challenges,” wrote one respondent. “We are betting on this to reduce resistance...

e-prescribing, Home Medical Equipment (HME)


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Also Noted

State regulatory update: Virginia and New York

January 15, 2024HME News Staff

WASHINGTON – In Virginia, DME policy for Medicaid was updated on Jan. 1, 2024, to include several revisions that stakeholders asked for, including adding coverage of complex rehab technology for recipients living in a nursing facility, according to AAHomecare. The updated DME policy also allows for continuous rental of non-invasive ventilators and allows for certain enteral nutrition substitutions in the event of formula shortages. In New York, the Medicaid program increased reimbursement for...

AAHomecare, Home Medical Equipment (HME)


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Providers

Quipt Home Medical looks to ‘favorable’ 2024

December 21, 2023Theresa Flaherty, Managing Editor

CINCINNATI – Quipt Home Medical sees no signs of “slowing down” as it continues to drive organic growth rates of 8% to 10% annually, company execs say.  Quipt expects that growth to continue steadily into 2024, said CEO Greg Crawford on a recent call to discuss the company’s fourth quarter and fiscal year 2023 earnings.  “Due to our focus on growing the continuum of care, cross-selling product categories, taking advantage of the benefits of normalized...

Home Medical Equipment (HME), Quipt Home Medical


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Providers

Quipt looks to ‘favorable’ 2024

December 21, 2023Theresa Flaherty, Managing Editor

CINCINNATI – Quipt Home Medical sees no signs of “slowing down” as it continues to drive organic growth rates of 8% to 10% annually, company execs say.  Quipt expects that growth to continue steadily into 2024, said CEO Greg Crawford on a recent call to discuss the company’s fourth quarter and fiscal year 2023 earnings.  “Due to our focus on growing the continuum of care, cross-selling product categories, taking advantage of the benefits of normalized...

Home Medical Equipment (HME), Quipt Home Medical


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Also Noted

Siblings charged in Medicare fraud

December 20, 2023HME News Staff

NEW YORK – Erin Foley and Ted Albin have been arrested on charges of health care fraud and conspiracy to violate the Anti-Kickback Statute, according to the U.S. Attorney for the Southern District of New York and the New York Regional Office of the U.S. Department of Health and Human Services - Office of Inspector General. From at least 2018 through 2021, the pair ran Grapevine Professional Services, Inc., a billing company that they used to bill Medicare for more than $25 million, and to collect...

Home Medical Equipment (HME), Medicare fraud


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Tom Ryan

News

AAHomecare seeks input on costs

August 24, 2023HME News Staff

WASHINGTON – AAHomecare is launching a nationwide survey to gather information on the rising costs of products, shipping and labor for those providing home oxygen equipment, CPAP devices and hospital beds.   Insights from the survey will be used on Capitol Hill to build support for continuing Medicare’s 75/25 blended reimbursement rates in non-bid, non-rural areas and to secure a 90/10 blended rate for former CBAs.   “The HME community has been operating under constrained...

AAHomecare, Home Medical Equipment (HME), Tom Ryan


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