Tag: ventilators

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...

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...

WASHINGTON - The Advanced Medical Technology Association (AdvaMed) has launched a new platform, www.ventconnect.org, to connect ventilator companies with component suppliers to help scale production and distribution. The platform was developed pro bono with the Aerospace Industries Association, Google and other partners. AdvaMed is a medical technology association representing more than 400 companies. “The medical technology industry is stepping up to meet the unprecedented demand from hospitals...

YARMOUTH, Maine - A whopping 95% of respondents to a recent HME Newspoll say they're having trouble obtaining new equipment from manufacturers during the coronavirus pandemic.The equipment they're having the most trouble obtaining: oxygen for 45% of respondents, followed by ventilators for 20% and hospital beds for another 20%.“Equipment is being delayed, and orders are being cancelled for supplies and standard equipment we normally order,” wrote one respondent. “We are attempting...

MURRYSVILLE, Pa. - The Department of Health and Human Services has awarded a contract for ventilator production under the Defense Production Act (DPA) to Philips. Per the $646.7 million contract, Philips has agreed to produce 2,500 ventilators for the Strategic National Stockpile by the end of May 2020 and a total of 43,000 ventilators to be delivered by the end of December 2020.“HHS will continue awarding contracts to companies for which it has invoked the DPA for ventilator production,...