Tag: Home Respiratory Equipment

NORTHFIELD, Ill. – Medline’s acquisition of the Hudson RCI brand of respiratory products improves the company’s supply chain capabilities and grows its presence internationally, says Donna Mosakowski.  Here’s what Mosakowski, vice president of Medline’s Respiratory Division, had to say about how the company’s customers will benefit from the acquisition and what its other investment plans are.  HME News: Why grow the respiratory portfolio through...

CINCINNATI – With a toehold in Florida and $27 million in cash on hand, Quipt Home Medical is serious about growth, company execs said on a recent earnings call.  “We are looking for turnkey respiratory companies that can be seamlessly integrated,” said Hardik Mehta, CFO. “We have a number of targets in sight – 15-plus with a cumulative value in the broad range of $75 million to $150 million.”  A top priority: Leveraging the acquisition of Jacksonville,...

AUCKLAND, New Zealand – Now that COVID-19 hospitalizations are declining in many parts of the world, dampening the demand for certain respiratory products, the big question during Fisher & Paykel Healthcare’s recent earnings call was, what will the company’s fiscal year 2022 look like?   The company reported operating revenue of $1.97 billion for fiscal year 2021, which ended March 31, 2021, an increase of 56% over the previous year or 61% in constant currency, driven by...

DOWNEY, Calif. – SuperCare Health has renewed its contract with Optum to provide respiratory care services, equipment and supplies for its members in Southern California. “We are honored that Optum has extended our contract,” said John Cassar, CEO. “This continues to strengthen our long-term partnership with Optum, and it will bring even more innovative solutions like our COVID-19 Telemonitoring, iBreathe, and Home Sleep Testing Programs...

CLEVELAND, Ohio – Medical Service Company has acquired Wisconsin-based Metz Medical, a sleep and respiratory services provider with two locations in the Milwaukee area.  The deal gives MSC access to several new payer contracts.  “We are thrilled to welcome several new team members from Metz into the MSC family,” the company stated in a press release. “We look forward to offering our chronic care solutions across Wisconsin.”  The family owned...

WASHINGTON – As home respiratory providers look past the current public health emergency, they need to have the flexibility and stability to continue caring for patients, says Crispin Teufel, chairman of the Council for Quality Respiratory Care.  “We’ve started to have initial discussions on what happens when this is over,” said Teufel, who is also CEO of Lincare. “If you have set up a patient with COVID, do they need to get...

SAN DIEGO – The odds were against ResMed in a number of ways in the third quarter of fiscal year 2021, but the company expects a rebound in the next several quarters.  ResMed’s third quarter is typically slower due to insurance deductibles resetting in March, then the company faced a tough comparable – it generated $35 million in COVID-related revenues in the same quarter last year that haven’t been sustained.  “As we look further forward, we...

Q. How can I best help patients who need repairs after the capped-rental period has ended? A. Finding help with repairs after the capped-rental period is a frequent frustration for patients. Maybe they bought their device online and don’t know where to turn. Or perhaps their dealer has gone out of business, or they can’t get help from their original provider. It’s equally frustrating for HME dealers who want to help patients who need repairs but must expend unreimbursed time...

INDIANAPOLIS – Apria Healthcare reported that revenue for home respiratory therapy was up 8% in the fourth quarter of 2020, largely driven by an increase in demand for COVID-19 patients, company execs said on a recent earnings call.  New oxygen setups increased 77% during the fourth quarter of 2020, compared to the same quarter in 2019.   “The fourth quarter of 2020 was a record quarter for Apria,” said CFO Debra Morris. “While...

Q. What are the pros and cons of outsourcing my respiratory equipment repair versus doing it in-house? A. When that invoice arrives from your equipment repair center, it’s understandable to ask yourself: “Should we keep outsourcing repairs or fix our equipment in-house?” That’s a business decision that dealers must make for their unique circumstances, but here are some factors to consider. Diversity of your fleet If you are a full-service respiratory provider, the...