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Viemed sees ‘dramatic comeback’ 

Specialty Providers

Viemed sees ‘dramatic comeback’ 

May 14, 2021Theresa Flaherty, Managing Editor

LAFAYETTE, La. – After weathering some of its toughest months in January and February from the dual impacts of COVID-19 and a treacherous ice storm, Viemed Healthcare saw significant patient growth in March, says CEO Casey Hoyt.  “In January and February, we were admitting 65% of our pre-COVID new patients,” he said on a recent earnings call to discuss first quarter financial results*. “March was right around 90% of pre-COVID numbers....

Casey Hoyt, Home Respiratory Services, Viemed Healthcare


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Option Care hungry for M&A 

Specialty Providers

Option Care hungry for M&A 

May 14, 2021Theresa Flaherty, Managing Editor

BANNOCKBURN, Ill. – With a tuck-in acquisition in the Southeast, a new state-of-the-art facility in Chicago and new therapies added to its chronic care portfolio, Option Care Health is laying the groundwork for sustainable growth, say company officials.  Option Care announced May 6 it had paid $18.5 million for Houston-based BioCureRx, a regional provider of certain chronic care therapies.  “While limited in size, the BioCure transaction signifies...

home infusion therapy, John Rademacher, Option Care Health


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Specialty Providers

CMS boosts pay for antibody treatment in the home

May 10, 2021HME News Staff

WASHINGTON – CMS has established a higher rate of $750 to administer monoclonal antibody treatment to Medicare beneficiaries with COVID-19 in their homes, including permanent residences or temporary lodgings.  The new rate accounts for the increased costs associated with the one-on-one nature of this care model and reflects additional information provided to CMS about providing these services in a safe and timely manner.  “CMS’s...

Home Infusion, monoclonal antibody treatment, payment


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Option Care Health reports ‘solid’ results 

Specialty Providers

Option Care Health reports ‘solid’ results 

May 7, 2021HME News Staff

BANNOCKBURN, Ill. – Option Care Health reported revenue of $759.2 million for the first quarter of 2021, an increase of 7.6% compared to $705.4 million for the same period last year.   Gross profit was $165.5 million, or 21.8% of net revenue, and adjusted EBITDA was $52.2 million for the quarter.  “The Option Care Health team delivered solid financial results in the first quarter while continuing to lay the foundation for sustained growth,” said John Rademacher,...

home infusion therapy, John Rademacher, Option Care Health


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Casey Hoyt

Specialty Providers

Viemed sees patient uploads rebound in March

May 4, 2021HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported net revenues for its core business were $25.5 million for the first quarter ended March 31, 2021, a 12% increase compared to the same quarter last year.  Total revenues were $28.4 million, including $2.9 million for contract tracing services and product sales related to the COVID-19 pandemic.  “The first quarter will very likely be the quarter where things began to reopen from the COVID-19 pandemic and I am once again...

COVID-19, Financial Results, Respiratory Therapy, Viemed Healthcare


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Gordy Fox

Specialty Providers

HCD: Value is name of game  

April 30, 2021Theresa Flaherty, Managing Editor

GLEN ALLEN, Va. – Home Care Delivered plans to use a recent investment to increase its reach in the disposables market, says Gordy Fox, CEO and founder.  HCD, a provider of disposable medical supplies, announced in April that it had received a majority equity investment from BPOC, a Chicago-based private equity firm.  “They are bullish on the market,” he said. “This allows us to accelerate what we are doing today and dive deeper into markets that we are in...

Disposable Medical Supplies, Gordy Fox, Home Care Delivered


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Specialty Providers

What’s your brand? Fill in the blank!

April 29, 2021Theresa Flaherty, Managing Editor

Mastectomy boutiques are in a position to empower breast cancer survivors to live “fully and beautifully,” says Dana Donofree, founder of AnaOno, a post-mastectomy clothing designer, and a survivor herself. To do that, providers need to engage with survivors through the three pillars of marketing: commerce, content and community, she says. “View your activity through these three pillars to determine the who, the what, and the why,” said Donofree during her recent EW...

Branding, Dana Donofree, women's health


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Specialty Providers

Technology propels increased access to CPAP therapy 

April 23, 2021Theresa Flaherty, Managing Editor

YARMOUTH, Maine – The COVID-19 pandemic delivered a significant blow to their businesses in 2020, but CPAP providers say referrals are back to nearly pre-pandemic levels and, thanks to technology, they’re in a better position now than they’ve ever been.  The relaxation of certain requirements during the public health emergency, for example, has made it easier for patients to access care through telehealth and other...

Coronavirus Outbreak, CPAP, HMP Diagnostics, Loft, sleep solutions


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Specialty Providers

Senators reintroduce lymphedema legislation

April 23, 2021HME News Staff

WASHINGTON – Sens. Maria Cantwell, D-Wash., and Chuck Grassley, R-Iowa, have reintroduced the Lymphedema Treatment Act with 52 co-sponsors. The bill, S. 1315, would require Medicare to pay for compression garments, bandages and supplies to reduce lymphedema-related swelling and prevent recurrence. Similar bills have been introduced in both the Senate and the House of Representatives in previous sessions of Congress. S. 518, introduced in 2019, garnered 71 co-sponsors while its companion...

Lymphedema Treatment Act


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Specialty Providers

InfuSystem enhances capabilities

April 22, 2021HME News Staff

ROCHESTER HILLS, Mich. – InfuSystem, a provider of infusion pump therapy and other health care services, has acquired the operating assets of OB Healthcare Corporation, a privately held, Texas-based, biomedical services company.  The acquisition complements InfuSystem’s acquisition in February of FilAMed, a biomedical services company based in Bakersfield, Calif.   “This acquisition closely follows our purchase of FilAMed, which provides remote repair...

home infusion therapy, InfuSystem Holdings, Rich Dilorio


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