Providers
As heard on HME News in 10: Annie Erstling on bridging the technology gap
November 22, 2022Theresa Flaherty, Managing Editor
Annie Erstling, chief strategy officer at Forcura, a health care workflow management company, has worked in roles for payers and technology companies, and worked “loosely” with providers. That background has given her a close view of gaps in communication and data sharing between those parties.
“I feel payers don’t have a full understanding of the services and impact that post-acute (providers) can deliver,” she said. “And I think post-acute providers...
CareCentrix’s Steve Wogen on becoming ‘the norm’
November 18, 2022Theresa Flaherty, Managing Editor
HARTFORD, Conn. – It’s still “early innings” in its partnership with Walgreens Boots Alliance, but CareCentrix remains focused on building out centers of excellence across both basic services and complex disease management, says Steve Wogen, chief growth officer.
“In the last year, we have installed more new business across multiple home services than in the last three years,” he said. “We continue to be focused on the management of home as...
Great Elm’s DME companies see increase
November 15, 2022HME News Staff
WALTHAM, Mass. – Great Elm Group’s DME companies grew total revenue for the first quarter by 7% to $16.7 million compared to the prior-year period.
Adjusted EBITDA was $3.4 million vs. $5.1 million.
“The increase in revenue was primarily attributable to organic growth in resupply revenue, a full quarter of contributions from the MedOne acquisition and improved revenue reserves,” the company stated. “This revenue growth was achieved despite ongoing global...
AmeriCare buys home care agency
November 14, 2022HME News Staff
TROY, Mich. – AmeriCare has acquired QCN Home Health Care to expand its line of home health care businesses to include skilled nursing services for Medicare recipients.
The Troy, Mich.-based QCN has more than 20 years of experience delivering services throughout the southeastern part of the state.
“Having a Medicare-certified home care agency allows us the opportunity to care for even more people needing home care services,” stated Greg Jamian, AmeriCare Medical...
AdaptHealth rides sleep roller coaster
November 11, 2022Theresa Flaherty, Managing Editor
PLYMOUTH MEETING, Pa. – AdaptHealth had a record number of CPAP setups in the third quarter as the company chipped away at a backlog, but that was offset by a loss in resupply revenue and increased costs, say execs.
AdaptHealth had 34% more starts in the third quarter than in the first quarter, and its PAP census grew to 27% over its lowest point in February 2022. But another recall from Philip – this time for certain masks with magnetic headgear clips or straps* – dampened...
Providers emphasize safe bets, flexibility
November 11, 2022Theresa Flaherty, Managing Editor
YARMOUTH, Maine – More than a year after supply chain issues upended normal ordering and inventory processes, things are slowly improving, say HME retailers.
“There are better lead times and some stuff is coming in quicker than expected, but it’s still crazy keeping track of inventory,” said Kevin Brown, one of the owners of at Hermitage, Tenn.-based All Star Medical. “We do carry more in the back on-hand than we used to just because (that’s safer).”
The...
AdaptHealth expects further improvement in Q4
November 8, 2022HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth reported record revenues of $756.5 million for the third quarter of 2022, an increase of 15.8% compared to the same quarter in 2021.
Net income was $16.1 million and adjusted EBITDA was $160.2 million.
The company’s sleep rental revenue continued to show strong sequential growth, with further improvement in the supply of PAP machines relative to recent quarters.
“We delivered another solid quarter as we continued to...
OM’s Patient Direct business ‘tracking ahead of expectations’
November 4, 2022Theresa Flaherty, Managing Editor
RICHMOND, Va. – Owens & Minor’s Patient Direct business saw double-digit organic growth across all categories in the third quarter, say company execs.
The Patient Direct segment includes sleep, diabetes, urology, ostomy, and continence and wound care products and supplies.
“The synergies we are generating within our Patient Direct business are tracking ahead of expectations,” said Alex Bruni, executive vice president and CFO, during a recent call to discuss...
Owens & Minor ‘captures increased CPAP opportunities’
November 2, 2022HME News Staff
RICHMOND, Va. – Owens & Minor reported revenue of $594 million for its Patient Direct segment, a 142% increase.
“I am very pleased with the performance and operational execution throughout all aspects of the Patient Direct Segment, including the capture of increased CPAP opportunities, and overachievement of acquisition synergies,” said Edward Pesicka, president and CEO. “This exceptional performance was supported by deep adoption of the Owens & Minor Business...
Provider of the Year: Bellevue Healthcare 'packs a lot of punch'
November 1, 2022Tracy Orzel
BELLEVUE, Wash. – The last three years have been chock-full of logistical, fiscal and emotional challenges for HME providers, but if it wasn’t for the pandemic, this year’s HME Provider of the Year, Bellevue Healthcare, might never have applied.
“I think we realized that we went through something big and we came out of it stronger,” said Bryce Schaffner, executive vice president, business development. “We realized that if we can make so many changes...