Tag: home respiratory equipment

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...

LAFAYETTE, La. - Referrals bounced back in the third quarter, as Viemed sought to build out its payer networks and ink new partnerships amid the COVID-19 pandemic, company officials said during a recent earnings call. Topping the list of new deals: Viemed has an agreement to help Inogen convert leads for private insurance customers, leading to a “very robust” growth rate for oxygen of 55% quarter-over-quarter, says CEO Casey Hoyt. “Our network development team put us into a position...

SAN DIEGO - ResMed reported revenue of $751.9 million for the first quarter of its fiscal year 2021, a 10% increase compared to the same period in 2020. Net income was $178.4 million vs. $120.1 million, a 48% increase. Revenue in the U.S., Canada and Latin America, excluding the company's Software as a Service, grew 9%, driven by strong sales of masks and increased demand for ventilators due to the COVID-19 pandemic, partially offset by a decrease in demand for sleep devices. “Our first quarter...

SAN DIEGO - ResMed reported revenues of $770.3 million for its fourth quarter 2020 ended June 30, an increase of 9% compared to the same quarter one year ago. Revenue for the full year was $3 billion, an increase of 13%. “Our fourth quarter results reflect the strength and resiliency of our business in today's uncertain environment,” said Mick Farrell, CEO. “We finished fiscal year 2020 with double-digit revenue growth to $3.0 billion and operating profit up 24% on a non-GAAP basis....

YARMOUTH, Maine - In the early days of the public health emergency, HME providers were focused on taking on discharged patients as hospitals made way for COVID-19 patients. Now, they're caring for COVID-19 patients themselves.“About 80% of the COVID patients are not sent to the hospital,” said Terry Racciato, president of RAC & Associates, DBA SpecialCare in San Diego. “We are actively seeing a number of patients in the home right now. They need oxygen, they need a BiPAP or CPAP,...

SAN DIEGO - The coronavirus pandemic has raised awareness of the different types of respiratory equipment available, particularly bi-level positive airway pressure machines, says Carlos M. Nunez, M.D., chief medical officer at ResMed.Here's what Nunez had to say about what COVID-19 is teaching us about these machines and how they can be used.HME News: Is anything getting lost in translation with all of the newfound attention around ventilators, bi-level machines and even CPAP machines?Nunez: Where...

PLYMOUTH MEETING, Pa. - AdaptHealth reported net revenue of $191.4 million for the first quarter of 2020, a 60% increase over the same quarter one year ago.Patient Care Solutions, which the company closed on in January, generated net revenue of $33.9 million.The company reported that net loss for the quarter was $0.2 million compare to $5.8 million in the first quarter of 2019. Adjusted EBITDA was $17.5 million."Despite significant and sudden challenges brought on by the COVID-19 pandemic, our strong...

YARMOUTH, Maine - With respiratory equipment back-ordered, PPE in short supply, and employees practicing social distancing from each other and patients, HME providers say it's anything but business as usual as they gear up to backstop hospitals during the coronavirus pandemic.Provider Irene Magee was readying last week in preparation for an expected surge of non-COVID-19 patients from area hospitals. The Green Island, N.Y.-based Northeast Home Medical Equipment is part of hospital system and serves...