Tag: ResMed

SAN DIEGO – ResMed has ended its three-year foray into the portable oxygen concentrator market due to “market conditions.”  The company says payers and HME providers are relying less on POCs for Stage 2 and Stage 3 COPD patients, dampening demand for the devices.  “ResMed has determined that it can successfully execute its respiratory care strategy and provide the most benefits to patients, HMEs, clinicians and all other stakeholders by reinvesting its...

SAN DIEGO – Tandem Diabetes Care has named Raj Sodhi, president of the software as a service (SaaS) business at ResMed, as an independent member of its board of directors effective Jan. 1. He brings to Tandem more than 25 years of digital strategy experience, SaaS commercialization and operations across multiple industries, including health care, financial services and telecom. “We are pleased to welcome Raj to our board of directors at this important next stage of Tandem’s...

SAN DIEGO - ResMed benefited from $40 million in sales for ventilators and accessories in the first quarter of its fiscal year 2021 - again helping to compensate for sluggish new patient volume for CPAP devices due to the COVID-19 pandemic. In the last quarter, ResMed recorded $125 million in sales for vents and, at the time, the company was “muted” on whether demand for vents would continue into the first quarter of 2021. It did, but ResMed expects sales to be “significantly...

SAN DIEGO - ResMed reported revenue of $751.9 million for the first quarter of its fiscal year 2021, a 10% increase compared to the same period in 2020. Net income was $178.4 million vs. $120.1 million, a 48% increase. Revenue in the U.S., Canada and Latin America, excluding the company's Software as a Service, grew 9%, driven by strong sales of masks and increased demand for ventilators due to the COVID-19 pandemic, partially offset by a decrease in demand for sleep devices. “Our first quarter...

YARMOUTH, Maine - The COVID-19 pandemic has hit home that providers need to go from being HMEs to HMAs—home medical advisors, said Invacare's Matthew Monaghan during last week's HME News Business Summit. “It's less of a focus on E for equipment and more on service and trust,” said Monaghan, chairman, president, CEO of Invacare. “For the next 18 months, it's really about going beyond equipment and being that trusted care advisor.” Monaghan, a panelist for the session...

CAMBRIDGE, Mass. - The MIT Leaders for Global Operations program announced Sept. 9 that ResMed has become the newest member of its industry partnership. The program collaborates with the MIT Sloan School of Management and the MIT School of Engineering to deliver an interdisciplinary engineering-MBA dual degree program featuring internships at partner companies. “The future of health care is digital and we need leaders with both engineering expertise and business acumen to help guide this industry...

SAN DIEGO - ResMed has seen double-digit declines in new sleep apnea patient flow across all markets that have experienced lockdowns due to the COVID-19 pandemic, but the company expects a U-shaped recovery in its fiscal year 2021, says CEO Mick Farrell. While Germany is back up to 85% of its pre-COVID-19 sleep lab capacity and China is at 50%, the United States is likely somewhere in between, at an average of about 70%, Farrell told investors during a conference call to discuss its fourth quarter...

SAN DIEGO - ResMed reported revenues of $770.3 million for its fourth quarter 2020 ended June 30, an increase of 9% compared to the same quarter one year ago. Revenue for the full year was $3 billion, an increase of 13%. “Our fourth quarter results reflect the strength and resiliency of our business in today's uncertain environment,” said Mick Farrell, CEO. “We finished fiscal year 2020 with double-digit revenue growth to $3.0 billion and operating profit up 24% on a non-GAAP basis....

YARMOUTH, Maine - New tools aim to reduce the guesswork when it comes to helping sleep apnea patients get the right masks and maintain compliance, say CPAP providers.ResMed in May launched ResMed MaskSelector to create personalized mask recommendations based on a patient's sleep attributes and facial measurements; Philips Respironics last year launched Philips Mask Selector to leverage 3D technology to find the best mask fit.“(These tools are) tremendously valuable,” says Brad Heath,...

SAN DIEGO - The coronavirus pandemic has raised awareness of the different types of respiratory equipment available, particularly bi-level positive airway pressure machines, says Carlos M. Nunez, M.D., chief medical officer at ResMed.Here's what Nunez had to say about what COVID-19 is teaching us about these machines and how they can be used.HME News: Is anything getting lost in translation with all of the newfound attention around ventilators, bi-level machines and even CPAP machines?Nunez: Where...