Tag: Philips
Philips reduces activities in Russia
December 6, 2022HME News Staff
AMSTERDAM – Philips released a statement on Dec. 5 condemning Russia’s military aggression against Ukraine. The company says it has substantially reduced its activities in Russia since February, including stopping shipments of its consumer health products (except for certain baby care products), suspending marketing activities and winding down R&D activities. “We are focusing our remaining activities in Russia on the delivery of medical systems, devices and spare parts to health...
In brief: Payment increase, CAIRE expansion, Philips update
December 2, 2022HME News Staff
WASHINGTON – CMS on Dec. 2 announced a 9.1% increase for competitively bid DMEPOS items in non-competitive bidding areas and a 6.4% increase for bid items in former CBAs for calendar year 2023, AAHomecare reports.
Non-bid items will receive an 8.7% increase.
Typically, the CPI-U increases for DME have been 1%-3%. Last year, the inflation adjustment was 5% in former CBAs and 5.4% non-CBAs.
“These increases will help DME suppliers who have been dealing with rising...
In brief: Philips pauses remediation, lymphedema bill passes, AAH comments on CGMs
November 22, 2022HME News Staff
AMSTERDAM – Philips has temporarily paused its remediation program for its Trilogy 100/200 ventilators while it investigates a limited number of complaints on remediated units.
“We anticipate a several week delay from our initial four- to six-week timeline in providing remediated devices back to our customers,” the company stated in a Nov. 7 update. “Remediating these devices in a timely manner is our top priority. In order to keep remediation progressing once our...
Philips provides initial details on workforce reduction
October 28, 2022Liz Beaulieu, Editor
AMSTERDAM – The largest share of the workforce reductions at Philips will likely take place in the United States, says CEO Roy Jakobs.
Overall, the company plans to reduce its workforce by about 4,000 roles globally, resulting in savings of about EUR 300 million annually.
“We will have to wait and see the impact across operations, but, of course, you will see that the highest impact is in our top four markets in terms of employee base, which would be the U.S. on top,...
Philips lays off employees ‘to start turning company around’
October 24, 2022HME News Staff
AMSTERDAM – Philips will reduce its workforce by about 4,000 roles globally, the company announced as part of its third quarter financial results.
The immediate restructuring actions will result in EUR 300 million in charges in the coming quarters but will save EUR 300 million annually.
“My immediate priority is to improve execution so that we can start rebuilding the trust of patients, consumers and customers, as well as shareholders and other stakeholders,” stated Roy Jakobs,...
Philips recovery will take ‘some time’
October 14, 2022Liz Beaulieu, Editor
PITTSBURGH – Philips is still in talks with the U.S. Department of Justice on a consent decree to resolve identified issues related to its recall of certain CPAP devices, company officials said during an Oct. 12 conference call with analysts to preview its financial results for the third quarter.
The consent decree is among the reasons the company said it will record a EUR 1.3 billion non-cash charge in the third quarter to address revisions to the financial forecast of its Sleep &...
Philips previews Q3 performance
October 12, 2022HME News Staff
AMSTERDAM – Philips expects to record a EUR 1.3 billion non-cash charge in the third quarter for the impairment of goodwill of its Sleep & Respiratory Care business due to revisions to the financial forecast of the business.
The company says the drivers for the revised forecast include current assumptions regarding the estimated impact of the proposed consent decree and changes to the pre-tax discount rate.
Philips announced in July that it had begun discussions with the U.S....
In brief: Amazon tackles sleep, Next Day Access franchise grows, AAH announces Homecare Champion nominees
October 7, 2022HME News Staff
SEATTLE – Amazon has introduced Halo Rise, a multi-purpose bedside tracker to help users sleep.
The device uses built-in sensor technology to provide accurate insights and personalized sleep analysis, the company says.
“Quality sleep is an incredibly important factor in our overall health and well-being,” said Melissa Cha, vice president of Amazon Smart Home and Health. “In today’s busy world, getting more and better sleep is one of the areas that customers...
Philips settles allegations of induced referrals
September 26, 2022HME News Staff
PITTSBURGH – Philips RS North America, formerly known as Respironics, has agreed to pay $1.28 million to settle allegations that it unlawfully induced referrals for its equipment in violation of the False Claims Act and Anti-Kickback Statute, the Department of Justice has announced.
The government specifically alleged that, between December 2015 and December 2016, Respironics helped a DME supplier procure a twelve-month, interest-free loan that was fully guaranteed by Respironics....
Philips issues voluntary recall of certain masks
September 7, 2022HME News Staff
PITTSBURGH – Philips Respironics is alerting users of certain CPAP or Bi-Level PAP therapy masks with magnetic headgear clips or straps that these devices should not be used by or near patients and their household members, caregivers and bed partners who have metallic implanted devices or metallic objects (such as metallic splinters) in the body.
The magnetic headgear clips are used to attach the headgear straps to the masks, a commonly used method in sleep therapy devices.
This...