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Tag: Oxygen


Inogen: Bumps in Q1 should smooth out in Q2

Vendors

Inogen: Bumps in Q1 should smooth out in Q2

May 7, 2021Liz Beaulieu, Editor

GOLETA, Calif. – Inogen’s financial results for the first quarter of 2021 were a mixed bag but there are early signs, company officials say, that they will improve in the second quarter.  Inogen reported an 84.2% increase in rental revenues – hitting about 34,700 patients on service – and an 11.6% increase in domestic B2B sales for the first quarter of 2021 compared to the same period last year. But it also reported a...

Ali Bauerlein, Inogen, Oxygen


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Also Noted

Aveanna launches IPO

April 20, 2021HME News Staff

ATLANTA – Aveanna Healthcare Holdings, a diversified home care platform that provides respiratory therapy products and services, has launched an initial public offering of about 38.2 million shares of its common stock at an anticipated initial public offering price of $16 to $18 per share. The company also intends to grant the underwriters a 30-day option to purchase up to an additional 5.7 million shares of its common stock. Aveanna has applied to list its common stock on the Nasdaq under...

Aveanna Healthcare, CPAP, Oxygen, Respiratory Therapy, vent


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News

CMS adjusts oxygen rates

March 18, 2021HME News Staff

WASHINGTON – CMS has published an adjusted fee schedule for oxygen therapy for April 2021 that doesn’t include a percentage reduction to meet the budget neutrality requirement. The adjustments result in an increase in fee schedule amounts ranging from $6.72 to $8.19 in former competitive bidding areas; $5.17 to $5.43 in other non-rural areas; and $4.14 to $6.82 in non-contiguous and rural areas, according to the VGM Group. The fee schedule amounts are not retroactive –...

Budget Neutrality, CMS, Medicare fee schedule, Oxygen


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Vendors

Inogen sees ‘pull through’ demand for POCs

February 26, 2021Liz Beaulieu, Editor

GOLETA, Calif. – Inogen reported a 17.9% increase in sales of portable oxygen concentrators to HME providers in the fourth quarter of 2020, a sign of just how much the pandemic is straining the supply of stationary oxygen concentrators, a more common therapy for COVID-19 patients.  That’s compared to a 25.2% decrease in direct-to-consumer sales for the quarter.  “Traditionally, these patients are treated...

Inogen, Nabil Shabshab, Oxygen


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Shabshab takes over

February 26, 2021Liz Beaulieu, Editor

GOLETA, Calif. – Inogen’s new CEO, Nabil Shabshab, says the company may be “placing its bets a little differently” in 2021.  During a recent conference call to discuss the company’s latest financial results, Shabshab’s first, an analyst asked how he planned to balance Inogen’s various business segments – direct to consumer, business to business and rental.   “Of course, (the...

Inogen, Nabil Shabshab, Oxygen


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Jessica Dakkak

Vendors

OxyGEN ‘super powers’ POCs

January 15, 2021Liz Beaulieu, Editor

BALTIMORE – The founders of OxyGEN will use their recent prize money to turn their prototype portable oxygen concentrator into an actual product.  Jessica Dakkak, Jonathan Smith and Wilson Tang were recently named the winners of an Innovation Challenge hosted by Three Lakes Foundation and MATTER for their POC combining high-flow ambient air with pulses of concentrated oxygen to provide more efficient...

Oxygen, Portable Oxygen Concentrator


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News

Sleep, oxygen patient volumes to improve in 2021, survey shows 

January 12, 2021HME News Staff

NEW YORK – Providers expect high-single digit growth in sleep patient volumes in the next year, according to Needham’s “1Q21 HME Oxygen and Sleep Survey.”  Respondents saw their sleep patient volume increase by only 0.8% in the last 12 months but expect it to grow by 7.6% over the next 12 months, the survey says. These rates are mixed from the prior survey results of 5.5% and 5%, respectively.  Overall, respondents reported that the COVID-19 pandemic has...

home oxygen therapy, Oxygen, patient volumes, Sleep Therapy


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Vendors

OxyGEN wins Innovation Challenge 

December 16, 2020HME News Staff

CHICAGO – Three Lakes Foundation and MATTER have named OxyGEN as the first-place winner in their Innovation Challenge to accelerate new solutions in diagnosing, treating and managing pulmonary fibrosis.  OxyGEN, a med-tech venture out of Johns Hopkins University in Baltimore, has produced a POC that tracks, monitors and automatically adjusts the oxygen level for each patient, improving mobility and quality of life. OxyGEN, along with three other winners, will receive...

Innovation Challenge, Oxygen, Portable Oxygen Concentrators, pulmonary fibrosis


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Also Noted

Allina Health sells to AdaptHealth

December 3, 2020HME News Staff

ST. PAUL, Minn. - Allina Health is selling its HME division to AdaptHealth, according to ABC Newspapers. The purchase includes Allina's Home Oxygen & Medical Equipment Division, also known as HOME. “We are extremely proud of the work and commitment of our Home Oxygen & Medical Equipment staff,” said Lisa Shannon, president and COO of Allina Health. “We are excited about AdaptHealth's deep industry expertise and resources to grow and invest in the division.” HOME has a showroom...

AdaptHealth, Alline Health, Home Medical Equipment, M&A, Oxygen


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Also Noted

Masimo sues Apple

September 18, 2020HME News Staff

IRVINE, Calif. - Masimo has filed a legal complaint in the U.S. District Court for the Central District of California claiming Apple infringes on 10 of its patents with its Apple Watch, according to news reports. The complaint charges Apple with stealing trade secrets by hiring key personnel from Masimo, including Michael O'Reilly, its former chief medical officer and executive vice president for medical affairs. Masimo claims the Apple Watch, including the Series 4 and 5 models, uses technology...

Apple, Masimo, Oxygen, remote monitoring


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