Tag: Quality Biomedical

MERION STATION, Pa. – The owner of OxygenWorks, Philomena Baylor, has divested her business to AdaptHealth.  OxygenWorks, based here, is a privately owned, multi-generational company providing a broad spectrum of respiratory equipment and supplies to patients in Pennsylvania, Delaware and New Jersey, according to a press release from the company’s adviser, Central HealthCare Group.  Central HealthCare Group is a Philadelphia-based investment banking firm representing...

BOULDER, Colo. – Quality Biomedical has introduced three new programs to help OEMs increase sales, and manage rentals and demo/evaluation units, as well as better control the sale of refurbished products. “Each of these is a problem for OEMs and providers will benefit, as well, when the OEMs offer these programs,” said Jim Worrell, chief commercial officer. The company has introduced a “OEM Rental Management Program” to help manufacturers of respiratory equipment to...

BOULDER, Colo. - Quality Biomedical has developed an integrated supply chain management program for respiratory equipment across its eight warehouse facilities. Critical services available include pick-up and delivery, preventative and corrective maintenance, storage, cleaning, and same-day deployment using its web-based portal, Q-Connect. “Although this program has broad industry appeal in general, the benefits of maintaining and deploying patient-ready equipment via a national network of...

Q. How do I know when it's time to retire equipment?A. Given the high initial cost, combined with high maintenance costs of respiratory equipment, the decision to repair or retire a specific asset can have a large impact on a company's bottom line. Here are some of the key items to consider when making that decision:1. Age of the equipment: This speaks to both its useful life (in terms of years and operating hours), as well as the depreciation value. With five-year depreciation schedules, the...

Q. What are the key metrics for respiratory equipment management?A. Most companies serving respiratory patients have hundreds-of-thousands of dollars tied up in their equipment fleet. Proper management of this fleet of ventilators, O2 concentrators, PAP, humidifiers, apnea monitors, etc., can often mean a substantial improvement in operating profits.Of the many metrics involved in respiratory equipment management, which ones are the most important metrics to meaure? Given limited space, let's begin...

New York-based DarioHealth Corp. has appointed veteran health plan executive Dennis A. Matheis to its board of directors. Matheis currently serves as president of Optima Health, a division of Sentara Healthcare, which has more than 850,000 members and a network of more than 26,000 providers. "His insights and guidance will prove invaluable as we continue our transition to a business-to-business-to-consumer (B2B2C) enterprise serving people suffering from chronic diseases through direct relationships...

Q. What are the best ways to reduce the cost of maintaining equipment?A. Providers of respiratory equipment recognize the significant revenue opportunities that come with this line of business. They also recognize, sometimes with surprise, the equally significant expenses involved with keeping their fleet of respiratory equipment in clean, patient-ready condition. Here are five lessons we have learned in years of working with providers of respiratory equipment.Maintain PM schedules. Much like changing...

BOULDER, Colo. - The coronavirus pandemic and the urgent need for ventilators have given preventative maintenance new meaning—and Quality Biomedical a new purpose.In mid-April, in the thick of the crisis, the company, which specializes in repair and preventative maintenance for respiratory therapy equipment, rolled out a new program to states and counties, offering to “store their ventilators responsibly,” says Jim Worrell, chief commercial officer.“We keep them in power recycle...

Q. What are the hidden costs of DIY respiratory equipment service?A. When you think about servicing your ventilators in-house, O2 concentrators and other respiratory equipment, it seems pretty simple and cost-effective. Just hire a few technicians, order the parts, put them to work and voila! You saved the expense of sending your equipment to an outside service provider.When you begin to examine the not-so-obvious expenses related to performing these services, you may decide after all to send them...

Proper management of respiratory equipment is one of the most overlooked and underserved areas of your business, potentially “leaking” tens of thousands of dollars (or more) per year.Know your assetsI'm constantly surprised at how many HME companies do not know the status of their fleet of respiratory equipment. Simple questions such as: How many concentrators/vents/POCs do you have? Where are they? When were they last serviced? What are the PM due dates? Many companies rely on spreadsheets...