Tag: resupplies
ResMed under investigation
August 19, 2016HME News Staff
SAN DIEGO - ResMed in July received a federal administrative subpoena from the Office of Inspector General requesting documents and other information related to its patient resupply software.“We are cooperating with the OIG to respond to its requests,” the company stated in a 10-K filed Aug. 5 with the Security and Exchange Commission.The OIG's investigation could affect ResMed in a number of ways, which the company outlines in the form.Right off the bat, ResMed warns that “responding...
ResMed looks for growth in resupplies
August 5, 2016Liz Beaulieu, Editor
SAN DIEGO - ResMed invested $1 billion in acquisitions in fiscal year 2016. Now, the company is “laser focused” on getting a return on its investment, says CEO Mick Farrell.
ResMed bought Inova Labs for an undisclosed sum and Brightree for $800 million, both earlier this year.
“We have been able to put our balance sheet to work this fiscal year,” Farrell said during a July 28 conference call to discuss recent financial results.
ResMed reported net revenues of...
CPAPDropShip turns biz model upside down
August 23, 2013Liz Beaulieu, Editor
HOUSTON - CPAPDropShip now allows providers to use the software it developed to follow up with patients about re-supplies for free if they use the company's drop-ship services.That way, providers can follow up with patients themselves, instead of paying the company to do it.“After Round 2 of competitive bidding, we've shifted our model a great deal, because providers just can't afford $2 per patient to follow up anymore,” said Ashley Thompson, communications and brand manager.CPAPDropShip...
OIG to CMS: Rein in CPAP supplies
June 25, 2013HME News Staff
WASHINGTON - The Office of Inspector General (OIG) recommends that CMS review and revise the replacement schedule for CPAP supplies in a report published today (June 26).The OIG studied the replacement schedules of 50 fee-for-service state Medicaid programs and found that 39% had frequencies that were less than those under Medicare; 51% equaled those under Medicare; and only 10% exceeded those under Medicare.“In 2012, CMS found that beneficiaries receiving CPAP treatment for obstructive sleep...