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Tag: Invacare


News

In brief: CMS guidance, Convatec acquisition, Drive CEO

April 2, 2021HME News Staff

WASHINGTON – CMS has instructed the Medicare Administrative Contractors (MACs) to hold all claims with dates of service on or after April 1, 2021, for a short period, in anticipation of possible congressional action to extend the moratorium on the 2% sequestration cuts.  “This will minimize the volume of claims the MACs must reprocess if Congress extends the suspension,” CMS wrote in a March 30 bulletin. “The MACs will automatically reprocess any claims paid with the...

Braze Mobility, complex rehab, ConvaTec, Cure Medical, Drive DeVilbiss Healthcare, Home Medical Equipment, Invacare, Merits, Oventus Medical


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Stephanie Fehr

Also Noted

Invacare adds Fehr to board

March 29, 2021HME News Staff

ELYRIA, Ohio – Invacare has appointed Stephanie Fehr, who has a strong background in human resources and talent development for leading health care and technology businesses, to its board of directors. Fehr currently serves as executive vice president and chief human capital officer of UnitedHealthcare, a division of UnitedHealth Group. “Her background in health care and wealth of experience in human capital leadership will be invaluable to Invacare as we embark on our next...

board of directors, Invacare, Stephanie Fehr


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Matt Monaghan

Vendors

Invacare sees ‘high demand’ for oxygen concentrators

February 12, 2021Liz Beaulieu, Editor

ELYRIA, Ohio – Invacare saw a 72.2% increase in respiratory sales for the fourth quarter in North America and a 40.1% increase for 2020 due to increased demand for oxygen concentrators during the COVID-19 pandemic.  Invacare reported $18.7 million in net sales for respiratory products in the fourth quarter and $72.3 million for 2020.  “We see high demand for all modalities of oxygen increasing,” said Matthew...

Invacare, Matthew Monaghan, oxygen concentrator


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Vendors

Invacare posts Q4 loss, but highlights sequential improvements

February 11, 2021HME News Staff

ELYRIA, Ohio – Invacare reported net sales of $224 million for the fourth quarter of 2020, an 8.9% decrease compared to the same period in 2019.   But there were several improvements from the third to fourth quarter, says Matthew Monaghan, chairman, president and CEO.  “In the fourth quarter we achieved improvement in sequential consolidated net sales of 5.7% and constant currency sequential net sales of 4.2%, driven by continued respiratory strength, increased sales...

Home Medical Equipment, Invacare, Matthew Monaghan


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Business Development

Demand for bariatrics remains strong

February 1, 2021John Andrews

Despite some disruptions caused by the COVID-19 pandemic, sales of bariatric products have remained steady during the past year, manufacturers say.  Navigating disruptions  The pandemic has impacted the supply chain for bariatric products in various ways, including limiting access to health care and long-term care facilities, restricting access to products and clinicians.  “COVID-19 has had an impact on all segments of the mobility...

bariatric equipment, Golden Technology, Invacare, quantum rehab


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Vendors

Mal Mixon: A master class in leadership

December 3, 2020Liz Beaulieu, Editor

ELYRIA, Ohio - Mal Mixon, who passed away on Nov. 30 at the age of 80, will be remembered by many as the “face of HME” for guiding Invacare and, in many ways, the industry at large for more than three decades. Mixon will be remembered for numerous his contributions to the industry, but those who worked with him say his most significant contribution was a leadership style that helped to grow Invacare from $19 million in revenues and 300 employees in 1979, when he led a leveraged...

Home Medical Equipment, Invacare, Mal Mixon


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Mal Mixon passed away

December 2, 2020HME News Staff

CLEVELAND - Mal Mixon, the former president, CEO and chairman of Invacare, passed away on Nov. 30 at the age of 80. Mixon led a leveraged buyout of Invacare in 1979, growing the company at its peak to $1.4 billion in revenues and 6,000 associates. He retired in 2010. "Mal was a pioneer in our industry who helped so many people," said Matt Monaghan, chairman, president and CEO of Invacare. "He led in growth and innovation. He was a tireless advocate of the industry and supporter of pioneers everywhere....

Invacare, Mal Mixon


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Vendors

Invacare: 'We deliver in tough times'

October 30, 2020Liz Beaulieu, Editor

ELYRIA, Ohio - COVID-19 may be flaring up again in different parts of the world, including the U.S., but Invacare officials don't expect the impact of these subsequent waves to be as severe as the first wave, helping them to see the fourth quarter and full-year 2020 more optimistically. When the pandemic first hit earlier this year, “we didn't have a playbook,” said Matthew Monaghan, chairman, president and CEO, but now “we've learned to deal with it.” Health care facilities...

coronavirus outbreak, Invacare


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Invacare expects acceleration in Q4

October 30, 2020HME News Staff

ELYRIA, Ohio - Invacare reported net sales of $211.9 million for the third quarter, a 10.1% decrease compared to the same period last year. Net sales increased from Q2 to Q3, however, by 8%. In North America, Invacare reported net sales of $88.1 million, a 1.2% increase, driven by respiratory products and partially offset by lower sales of mobility and seating and non-bed lifestyle products, which continue to be negatively impacted by pandemic-related health restrictions. Invacare expects, however,...

Home Medical Equipment, Invacare


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Invacare teams up with Toys for Tots

October 28, 2020HME News Staff

ELYRIA, Ohio - Invacare will give a toy to Toys for Tots for every Solara 3G Manual Wheelchair the company sells in November. “We're honored to continue to find ways to support our community this holiday season,” said Michael Salvi, director of manual mobility and seating. Features of the Solara, which Invacare has nicknamed “the tank” for its durability, include fully adjustable, easy to tilt, low-shear recline, foot-operated wheel lock and 300-pound weight capacity.

Invacare, manual wheelchair, Solara, Toys for Tots


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