Specialty Providers

WOONSOCKET, R.I. – CVS Health plans to focus on three distinct store models, including an enhanced version of HealthHUB locations with products and services designed for everyday health and wellness needs, as part of a new omnichannel pharmacy strategy.  It will also focus on stores offering primary care services, and traditional stores providing prescription services and health, wellness, personal care and other convenient retail offerings.  Additionally, as part of the strategy...

NEW YORK – While One Drop has made a name for itself in the diabetes management space, the provider of digital health solutions understands there’s a lot of existing overlap between diabetes and a host of other chronic conditions.   It recently launched, in partnership with Bayer, a cardiovascular prevention module to help users reduce cardiovascular disease risk. The user-friendly mobile app offers a platform for consumers looking for ways to engage with their...

ASHVILLE, N.C. – New mothers with Medicaid were more apprehensive about receiving the COVID-19 vaccine than those with private insurance, according to a survey from Aeroflow Breastpumps.   Among women surveyed who did not have access to the vaccine while pregnant or breastfeeding, the majority with Medicaid (64%) reported they would not at all feel comfortable getting vaccinated if it was available to them and nearly half (47%) of those with private insurance said the same.  "It's...

BANNOCKBURN, Ill. – Option Care Health recorded its second straight quarter of “high-teens growth” for its chronic therapy portfolio and sees ongoing opportunity in the $100 billion market, says CEO John Rademacher.  “We did have some new therapies that were introduced that we continue to see traction on moving forward,” he said on a recent call to discuss the company’s third quarter earnings. “I think, as we have defined the market, it's $100...

ATLANTA – Owning and operating an independent community pharmacy has allowed Ira Katz to maintain his love for retail.  “As a kid, I worked in clothing stores – I love retail,” said Katz, a pharmacist and owner of Little Five Points Pharmacy in Atlanta, which he opened 40 years ago. “I couldn’t think of a better career than to open a pharmacy.”  Katz was recently named the 2021 Willard B. Simmons Independent Pharmacist of the Year by the National...

ACTON, Mass. – Insulet Corp. reported revenue of $275.6 million for the third quarter of 2021, up 17.8% over the same period last year.  It reported revenue was $260.3 million, up 22.7%, for Omnipod.  "Our third quarter results reflect the growing power of Omnipod,” said Shacey Petrovic, president and CEO. “We are driving global new customer starts, have momentum across our business, and are advancing exciting new innovations. We continue to share compelling clinical...

BANNOCKBURN, Ill. – Option Care Health reported net revenue of $891.9 million and gross profit of $203 million for third quarter of 2021, compared to $781.6 million and $174.2 million, respectively, in the same quarter last year.  Net income was $35.5 million vs. $1.7 million. Adjusted EBITDA was $78 million vs. $59.2 million.  “The third quarter results reflect the dedication of the entire team and our ability to generate profitable growth and significant cash flow,”...

WASHINGTON – While CMS has not officially released it, the 2022 O&P Medicare fee schedule is expected to increase by 5.1%, according the American Orthotic and Prosthetic Association.  That is larger than any annual Medicare increase in the last 30 years, says AOPA.  The annual increase to the Medicare O&P fee schedule is based on the annual change to the Consumer Pricing Index for all urban areas (CPI-U) from June to the same month the previous year, adjusted by an annual productivity...

LAFAYETTE, La. – Viemed Healthcare reported net revenues of $27.8 million that are attributable to the company’s core business, a 12% increase compared to the same period last year and a 6% increase compared to the second quarter.  Total net revenues for the third quarter were $29.3 million, including $1.5 million in net revenues for contact and vaccine tracing services and product sales related to the COVID-19 pandemic.  “We are excited to report another record-breaking...

YARMOUTH, Maine – The Delta variant of COVID-19 has accelerated demand for monoclonal antibody therapy provided in the home, say home infusion providers, who are stepping up to meet that demand.  “Hospitals don’t have the bandwidth and they don’t want the patients in their settings,” said Greg LoPresti, CEO of Upstate HomeCare in Syracuse, N.Y. “Their intake process takes a long time compared to us. We’ve taken a lot of the caseloads off hospitals.”  In...