Skip to Content

Tag: Inogen


News

In brief: Fraud bill, LCD for prostheses, diamond anniversary

January 26, 2024HME News Staff

WASHINGTON – Sens. Mike Braun, R-Ind., and Bill Cassidy, R-La., have introduced legislation to target irregular billing for certain DME and other diagnostic products in the Medicare program.  The “Medicare Transaction Fraud Prevention Act” directs CMS to create a two-year pilot to oversee Medicare-covered purchasing of DME and other diagnostic testing related products for the 5% of beneficiaries that already receive electronic notices.  The bill, which would ask...

Inogen, Local Coverage Determination (LCD), Lower limb prostheses, Medicare fraud, Miller's, Paragon Healthcare


Read Full Articlered right arrow icon

Also Noted

Inogen appoints new CFO

January 25, 2024HME News Staff

GOLETA, Calif. – Inogen has named Michael Bourque as CFO effective March 4. Bourque has served since 2021 as treasurer and CFO of Chase Corporation, now owned by KKR & Co. Prior to that, he served as CFO of Keystone Dental, and senior vice president, CFO and treasurer of Analogic Corporation from 2014 to 2018. “I am incredibly excited to announce Michael as the new chief financial officer of Inogen,” said Kevin Smith, president and CEO. “His experience building best-in-class...

Inogen


Read Full Articlered right arrow icon

Also Noted

Inogen names chief commercial officer 

January 9, 2024HME News Staff

GOLETA, Calif. – Inogen’s board of directors has named Gregoire Ramade as chief commercial officer. Most recently, he served as the company’s senior vice president of international sales from November 2023. Prior to that, he was the senior vice president and chief commercial officer of Vapotherm from October 2020 to October 2023 and vice president, international sales and worldwide marketing, since May 2016. Ramade’s experience also includes a stint at Philips Respironics:...

chief commercial officer, Gregoire Ramade, Inogen


Read Full Articlered right arrow icon

News

In brief: Reimbursement relief is in play & ResMed, Inogen shake up exec teams 

November 15, 2023HME News Staff

WASHINGTON – Two industry related bills will be considered by the Health Subcommittee today, Nov. 15, according to AAHomecare.  The subcommittee, part of the Energy & Commerce Committee in the U.S. House of Representatives, will consider:  H.R. 5555, a bill that would extend the 75/25 blended Medicare reimbursement rates in non-competitive bidding areas and provide a 90/10 blended rate in bid areas; and  H.R. 5371, a bill that would allow an upgrade within a code for...

AAHomecare, Inogen, reimbursement relief, ResMed


Read Full Articlered right arrow icon

Vendors

Inogen replaces CEO 

November 13, 2023HME News Staff

GOLETA, Calif. - Inogen’s board of directors today, Nov. 13, appointed Kevin Smith as president and CEO effective immediately, succeeding Nabil Shabshab.  Smith, who will also be a member of the board, brings more than 20 years of commercial leadership experience in the medical device industry, including respiratory care and DME businesses, and has a history of success in executing value-creating transformations across organizations. He most recently served as CEO at Sirtex Medical,...

Inogen, Kevin Smith, Nabil Shabshab


Read Full Articlered right arrow icon

Vendors

Inogen cites progress amid revenue declines

November 10, 2023Liz Beaulieu, Editor

GOLETA, Calif. – Inogen continues to address lingering headwinds and refine its strategy to, ultimately, position itself for a more productive 2024, said CEO Nabil Shabshab during a recent conference call.  The company reported revenues were $17.3 million for its domestic business-to-business channel in the third quarter, a 59.4% decrease year over year.  “We recognized revenue of $17.3 million, which was impacted by residual headwinds to our business from the share loss...

Inogen, Nabil Shabshab


Read Full Articlered right arrow icon

Vendors

Inogen seeks return to revenue growth

November 8, 2023HME News Staff

GOLETA, Calif. – Inogen reported total revenue of $84 million for the third quarter, a 20.3% decrease from the same period last year.  The company says that strong growth in rental and international business-to-business sales was more than offset by lower domestic business-to-business sales and lower direct-to-consumer revenue, as it focuses on optimizing commercial investments and driving sales representative productivity.   “We have continued to improve on executing...

Inogen


Read Full Articlered right arrow icon

News

In brief: AAHomecare survey, Bigfoot sale, Medtronic lawsuit 

September 8, 2023HME News Staff

WASHINGTON – AAHomecare has launched a survey to learn what education topics would be most beneficial to an HME company’s livelihood and operations.   The association will use the results of the survey to help shape a curriculum featuring respected thought leaders from the HME Industry and beyond that addresses pressing concerns.  “In a recent industry survey, nearly 250 HME professionals nationwide shared business pain points revealing critical challenges impacting...

AAHomecare, Abbott, Bigfoot Biomedical, Inogen, Medtronic, National Registry of Rehabilitation Technology Suppliers (NRRTS)


Read Full Articlered right arrow icon

Also Noted

Inogen names interim CFO

September 7, 2023HME News Staff

GOLETA, Calif. – Inogen has named Mike Sergesketter as interim CFO, effective immediately, a role he previously held between December 2021 and March 2022. He has also served as CFO of Kimball Electronics. Sergesketter succeeds Kristin Caltrider, who has stepped down for personal reasons. “I would like to thank Kristin for her contributions to Inogen and share my optimism for the future of the company as we continue our strategic evolution to become a more prominent player in respiratory...

Inogen


Read Full Articlered right arrow icon

Vendors

Inogen ‘fell short’ in Q2

August 11, 2023Liz Beaulieu, Editor

 GOLETA, Calif. – Inogen’s new strategy is taking longer than expected, says CEO Nabil Shabshab, resulting in “disappointing” financial results for the second quarter, especially for its direct-to-consumer sales channel.  The company reported $26.8 million in DTC sales for the quarter compared to $40.6 million for the same period last year.  “While we have made progress with the execution of our commercial strategy, we are disappointed with the performance...

Inogen, Nabil Shabshab, Portable Oxygen Concentrators


Read Full Articlered right arrow icon