Tag: Philips Respironics

AMSTERDAM, the Netherlands – Philips’ plan to remediate an additional 300,000 devices will push the completion date of its recall into 2023, but the company recorded additional provisions in the first quarter to speed up the process as much as it can.  Philips now expects to complete more than 90% of production and shipments to customers by the end of 2022, said Frans van Houten, CEO, during an April 25 conference call to discuss the company’s financial results for...

AMSTERDAM, the Netherlands – Philips Respironics recorded EUR 165 million in additional provisions related to its recall of certain CPAP devices in the first quarter of 2022, according to the company’s financial results.  The company recorded a EUR 65 million increase in the field action provision in the quarter to account for the higher expected volume of devices eligible for remediation and the higher communication costs. It recorded a further EUR 100 million provision...

AMSTERDAM, the Netherlands – Philips reported group sales of EUR 3.9 billion for the first quarter of 2022, with a 4% decline on the back of 9% growth in the same quarter last year.  The company says comparable order intake increased 5%, driven by the Diagnosis & Treatment and Hospital Patient Monitoring businesses.  “Our customers confirm the relevance of our strategy and portfolio, as evidenced by the further growth of our all-time-high order book,” said Frans...

AMSTERDAM, the Netherlands – Philips Respironics is notifying customers of its V60/V60 Plus and V680 ventilators about a potential issue with the electrical circuit that controls the 35V power supply to the ventilator and alarm.  The company has identified that there is a possibility that effected vents may cease to operate, potentially without setting off an audible/visual alarm (a so-called silent shutdown) and the patient may no longer receive respiratory assistance. It is advising...

NEW YORK – HME providers expect to shift an average of 58.4% of their Philips Respironics flow generator purchases and an average of 30.2% of their mask purchases to other companies due to the recall, according to the first quarter HME Sleep and Oxygen Survey from Needham.  That’s up from the 56% and 23.1%, respectively, reported in the third quarter survey.  “ResMed should gain market share over the (next 12 months),” the survey states. “Respondents...

AMSTERDAM, the Netherlands – Philips expects to be better able to provide guidance on when it will start recovering its market share in the sleep and respiratory market this summer, says CEO Frans van Houten.  The company is still very much in the throes of a recall of respiratory devices that it doesn’t expect to conclude until the fourth quarter of this year.  “I find it’s too early; nevertheless, I don’t want to leave you hanging there,” he said...

AMSTERDAM – Philips Respironics has determined that exposure to the level of VOCs identified to date for the first-generation DreamStation devices is not typically anticipated to result in long-term health consequences for patients.  The announcement comes after an assessment by an outside medical panel and Philips and is intended to give healthcare providers the most recent data. Overall guidance for physicians and patients in the recall notification remains unchanged.  At...

WASHINGTON - Starting Aug. 3, auditors will restart their audit functions, according to a recently published FAQ from CMS.If selected for review, HME providers should discuss with their contractor any COVID-19-related hardships they are experiencing that could affect audit response timeliness, states the guidance.CMS says all reviews will be conducted in accordance with statutory and regulatory provisions, as well as related billing and coding requirements. Waivers and flexibilities in place at the...

MURRYSVILLE, Pa. - Philips Respironics has officially launched its Philips Respironics Mask Selector, a 3D facial scanning solution that helps HME providers find the best mask fit for their patients. Each scan captures 150 frames and 15 million points of facial geography data. Philips' proprietary algorithm can then identify the 46,200 data points most critical to provide an accurate and precise mask recommendation. “This data-driven solution can not only help DMEs and sleep labs operate more...

MURRYSVILLE, Pa. - Philips Respironics has committed to doubling its hospital ventilator production by May and quadrupling it by the third quarter. It is hiring dozens of new workers and says its existing workforce remains committed to producing this high-quality, much-needed equipment. “The urgency and fluidity of the situation continues to impact our business, our customers and our employees around the world,” says John Frank, business leader, Sleep and Respiratory Care, Philips. “As...