Tag: Home Medical Equipment

YARMOUTH, Maine – Analysts expect the final months of 2021 to bring a flurry of deal-making as sellers try to get ahead of a possible increase in the capital gains tax in 2022.  When President Biden released his proposed 2022 fiscal year budget earlier this year, it called for an increase to 39.6%, although the rates look more likely to settle around 25% or so, say analysts.  “That has pulled some activity into 2021 for folks on the fence, so I think the fourth quarter...

WASHINGTON – CMS has published fee schedule adjustments of +5% or more for DMEPOS for calendar year 2022.   Adjustments differ depending on whether the items serviced are competitive bidding program (CBP) items or in former competitive bidding areas (CBAs). Below is the breakdown: CBP items in former CBAs: +5% CBP items in non-CBAs: +5.4% Non-CBP items: +5.1% "While suppliers will welcome these increases, the DME community still needs additional rate adjustments to account...

ELYRIA, Ohio – Invacare plans to realign its Europe and Asia Pacific businesses under a single leader to streamline operations and enhance the customer experience. Geoff Purtill has been appointed senior vice president and general manager, EMEA and Asia Pacific. He brings a strong customer, supplier and employee perspective to the role, having served the needs of more than a dozen countries with a wide range of cultural, product, market and regulatory differences. “As we finish the second...

The state of retail sales in the HME industry can perhaps be best described this way: While retail is not new to the HME industry, retail-focused HME is something new and different.  That observation belongs to Fernando Elguea, business development manager for St. Petersburg, Fla.-based Rhythm Healthcare/Lifestyle Mobility Aids. As someone who has spent most of his career helping providers capitalize on the retail opportunities most companies miss, he is now helping the Rhythm commercial...

YARMOUTH, Maine – The opportunities for HME providers in 2022 in a lot of ways hinge on the progress they make on the challenges in 2021, respondents to a recent HME Newspoll say.  That’s because one of the biggest challenges in 2021 – supply chain constraints, and the corresponding increase in pricing and surcharges – is expected to continue into 2022.  “The only thing that we are hoping for in 2022 is the easing of the supply chain issues and the return...

WASHINGTON – AAHomecare has created a new Diamond corporate partner class, with 11 leading HME companies joining to signal their support for industry advocacy.  The Diamond class represents a 25% increase in dues support for AAHomecare’s public policy initiatives over the previous top level, Platinum.   “The 11 companies in the inaugural Diamond partner class are making an unprecedented investment in advocacy efforts to secure sustainable reimbursements and sensible...

CINCINNATI — Quipt Home Medical has acquired a privately held biomedical services company with operations in the Southeastern United States reporting unaudited trailing 12-month annual revenues of approximately $1.5 million and net income of $225,000.  Quipt acquired the biomedical services operation for approximately $700,000 in cash, expanding its services to include biomedical repair services for respiratory equipment, including preventative maintenance.   “We are delighted...

PORT WASHINGTON, N.Y. - Drive DeVilbiss Healthcare is partnering with BILT Incorporated, creator of the BILT app, to make it easier for users to assemble products at home with the help of 3D, step-by-step instructions. "Drive DeVilbiss is excited to be able to bring these easy-to-use instructions to our customers through our partnership with BILT," said Laura Williams, product manager of bathroom safety & commodes. "Recognizing that users may have limited strength or disabilities that leave little...

WATERLOO, Iowa – The finalists for this year’s HME Woman of the Year are Trisha Bailey, CEO of Medical Hotspots/Bailey’s Medical; Neidi Mack, vice president for ancillary services at Prism Health Care Services/The Alden Network; Katie Stevens, CEO at Reliable Medical Supply; and Victoria Peterson, administrator at RespMed. “These HME Woman of the Year finalists are leaders in their companies and communities,” said Clint Geffert, president of VGM & Associates. “They...

WALTHAM, Mass. – Strong resupply sales helped Great Elm DME grow its revenue to $15.6 million in its first quarter fiscal 2022, a 6.5% increase compared to the same period the previous year.  Net income was $2.1 million vs. a net loss of $0.5 million, and adjusted EBITDA was $5.1 million vs. $2.8 million.  “We reported an excellent period in DME despite the challenges of a relatively slow return to normal operations following the pandemic conditions over the past year,”...