Skip to Content

Tag: Home Medical Equipment (HME)


Tom Ryan

News

HME industry under strain

March 22, 2024Theresa Flaherty, Managing Editor

WASHINGTON – Industry stakeholders have been reaching out to policymakers to highlight the “disastrous” impacts of the recent Change Healthcare cyberattack, which piled cash flow concerns on top of low reimbursement issues.  “This is a low margin industry and some of these smaller to mid-sized companies don’t have the balance sheet (to sustain themselves for very long) and they have tough choices to make,” said Tom Ryan, president & CEO of AAHomecare. “They’ve...

AAHomecare, Change Healthcare, Cyberattack, Home Medical Equipment (HME), VGM Government Relations


Read Full Articlered right arrow icon

newspoll

News

Cyberattack: ‘This just might be the final straw’

March 15, 2024Liz Beaulieu, Editor

YARMOUTH, Maine – The cyberattack on Change Healthcare has “crippled operations” for HME providers, according to the results of a recent HME Newspoll.   More than 95% of respondents to the poll reported that their cash flow has been impacted by a Feb. 21 cyberattack, which caused Change Healthcare to take its systems offline, affecting their ability to process claims.  “This has not just affected our company, but nearly crippled operations,” wrote...

Change Healthcare, Cyberattack, Home Medical Equipment (HME)


Read Full Articlered right arrow icon

Providers

Joerns sells rental biz in certain states to MasVida

February 28, 2024HME News Staff

CHARLOTTE, N.C. – Joerns Healthcare has entered into a definitive agreement to sell its rental service network in Florida, Georgia, Louisiana, Oklahoma and Texas to MasVida Health.   As part of the transaction, MasVida has acquired Joerns products and associated operational assets in the territory, but Joerns has retained and will continue to operate its medical equipment sales and services business. Joerns will also partner with MasVida to support its expansion moving forward.  "Joerns...

Home Medical Equipment (HME), Joerns Healthcare, MasVida Health


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon

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)


Read Full Articlered right arrow icon

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)


Read Full Articlered right arrow icon

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


Read Full Articlered right arrow icon