Tag: ventilators

AMSTERDAM – Philips could hear back from the U.S. Food and Drug Administration in August about its plans to replace the foam in certain CPAP devices and ventilators, based on a timeline provided during the company’s July 26 conference call to discuss financial results for the second quarter.  Philips filed "multiple packages" of CFR 806 applications for corrections and removals with the FDA in June and CEO Frans van Houten said, based on prior experience, there’s typically...

DARIEN, Ill. – The American Academy of Sleep Medicine will host a live panel discussion on Friday about the impact of the Philips PAP device recall notification on vulnerable populations, including pediatric and vent patients.  The discussion, from 3 p.m. to 4 p.m. ET, will cover:  Allocation of limited supplies – How to prioritize the medically most needy given the limited supply of home ventilators for patients needing them.  Respiratory therapy in hospitals...

BATON ROUGE, La. – The Louisiana House of Representatives last week passed HB 594, a bill that would prevent insurers, managed care organizations and other payers from setting reimbursement caps for ventilators, according to AAHomecare. The association joined HME stakeholders in the state to support the bill, helping to convince key legislators to remove proposed amendments that would have capped costs for non-invasive ventilators and would have restricted the ability of HME providers to provide...

LAFAYETTE, La. – Viemed Healthcare grew its core business by 21% in 2020 and rolled out several new programs in the fourth quarter that will enhance and diversify the company’s overall business in 2021, says CEO Casey Hoyt.  For one, the company has moved from pilots to national rollouts of both its “Engage” and “View” platforms, which...

LAFAYETTE, La. - Viemed Healthcare reported total revenues of $33.4 million for the third quarter of 2020, including $8.6 million in product sales and services related to the ongoing COVID-19 pandemic. Revenues attributable to the company's core business were $24.9 million for the quarter, a 22% increase compared to the same quarter in 2019. “This year has challenged the health care system in an unprecedented manner with the ongoing respiratory pandemic creating a strain on the acute-care facilities...

BOTHELL, Wash. - Ventec Life Systems recently donated $10,000 to a COVID-19 RT Fund created by the American Association of Respiratory Care's board of directors. The fund sends financial assistance to the surviving families of licensed respiratory therapists who have died while caring for patients with COVID-19. Ventec Life Systems made the donation during National Respiratory Care Week, Oct. 26-31. “Respiratory Care Week shines a light on the vital role respiratory therapists play, and the...

While the COVID-19 pandemic has dominated headlines in 2020, HME providers still face challenges from natural disasters like Hurricane Laura, which blew ashore Aug. 27 in Louisiana as a Category 4 with winds of 150 mph. Both events have shined a light on the need for technology in the home to care for patients, says Casey Hoyt, CEO of Lafayette-based Viemed Healthcare. HME spoke with Hoyt about his company's response to the storm and how the pandemic helped it weather the hurricane. HME News: How...

LAFAYETTE, La. ­- Viemed Healthcare reported second quarter net revenue of $42.9 million, an increase of 111% compared to the second quarter 2019. Of that, approximately $19.7 million was from product sales related to the ongoing COVID-19 pandemic. Net income for the quarter was $19.4 million, a company record, compared to $1.3 million the same quarter in 2019. “We have once again demonstrated our ability to create value while serving as a resource for those in need during the COVID-19 pandemic,”...

ROCKVILLE, Md. - SECO USA will donate several new ventilators to hospitals in Black communities. Biorespira Pulmonary Ventilators are non-invasive pulmonary ventilators that deliver oxygen to patients with difficulty breathing in a closed loop system and are easily operated by nurses and in-home care providers. By prioritizing the donation of Biorespira Pulmonary Ventilators to facilities in Black communities, SECO USA hopes to reach people who too often have to wait for the most effective health...

WHITMORE LAKE, Mich. - Trace Medical's provider customers now have access to SunMED Medical Solutions' contracts with hundreds of managed care and other payers for non-invasive and invasive ventilators.Per an agreement, SunMED Medical subcontracts with Trace Medical, and Trace Medical, in turn, subcontracts with their provider customers, says Elliot Campbell senior vice president at Trace Medical.“The process is simple,” he said. “If you're one of our provider customers and you...