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Dexcom enters VC space

February 15, 2021HME News Staff

SAN DIEGO – Dexcom has launched Dexcom Ventures to identify and invest in opportunities to supplement growth in its core business of continuous glucose monitoring and advance the development of adjacent technologies.  Dexcom Ventures, led by Dexcom veteran Steve Pacelli, will be focused on investment opportunities in sensing technology, data analytics, remote patient monitoring and population health, broadening the company’s commitment to advancing better outcomes in health care.  “Driven...

continuous glucose monitoring, dexcom, diabetes, venture capital


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Matt Monaghan

Vendors

Invacare sees ‘high demand’ for oxygen concentrators

February 12, 2021Liz Beaulieu, Editor

ELYRIA, Ohio – Invacare saw a 72.2% increase in respiratory sales for the fourth quarter in North America and a 40.1% increase for 2020 due to increased demand for oxygen concentrators during the COVID-19 pandemic.  Invacare reported $18.7 million in net sales for respiratory products in the fourth quarter and $72.3 million for 2020.  “We see high demand for all modalities of oxygen increasing,” said Matthew...

Invacare, Matthew Monaghan, oxygen concentrator


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Vendors

Invacare posts Q4 loss, but highlights sequential improvements

February 11, 2021HME News Staff

ELYRIA, Ohio – Invacare reported net sales of $224 million for the fourth quarter of 2020, an 8.9% decrease compared to the same period in 2019.   But there were several improvements from the third to fourth quarter, says Matthew Monaghan, chairman, president and CEO.  “In the fourth quarter we achieved improvement in sequential consolidated net sales of 5.7% and constant currency sequential net sales of 4.2%, driven by continued respiratory strength, increased sales...

Home Medical Equipment, Invacare, Matthew Monaghan


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Vendors

Össur upgrades Empower

February 9, 2021HME News Staff

FOOTHILL RANCH, Calif. – Össur has updated its proprietary Empower program to help physician practices and DMEPOS providers comply with new competitive bidding requirements for knee and back braces that went into effect Jan. 1.  Empower now has built-in prompts for new reimbursement coding and document capture requirements, and automatic mapping to designated contract providers based on a patient’s address.  “CMS’s new competitive bidding practice mandates...

back braces, competitive bidding, knee braces, Ossur, Round 2021


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Kyle Miko

Vendors

VirtuOx helps providers ‘cut cord’ on deliveries 

February 5, 2021Liz Beaulieu, Editor

CORAL SPRINGS, Fla – VirtuOx has launched a new oximetry program called EzOx, reshaping the process of qualifying patients for home oxygen therapy, and making it more efficient and cost effective for HME providers, says Kyle Miko.  Under the program, VirtuOx drop ships a disposable oximeter to patients in their homes, eliminating the need for providers to drop off and pick up a traditional oximeter, saving about...

disposables, EzOx, Kyle Miko, oximetry, oxygen therapy, remote services, VirtuOx


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Vendors

VGM Insurance prioritizes automation

February 1, 2021Liz Beaulieu, Editor

WATERLOO, Iowa – Mike Kloos knows VGM Insurance Services, which recently celebrated 30 years in business, is still considered the new kid on the block – and that’s not a bad thing. Here’s what Kloos, president, had to say about how that helps VGM Insurance stay “nimble,” something that’s harder to do for the larger and more established insurance providers.  HME News: How do you see VGM Insurance’s...

Mike Kloos, VGM Insurance Services


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Jim ResMed

Vendors

ResMed on POCs: ‘We don’t need (them)’

January 29, 2021Liz Beaulieu, Editor

SAN DIEGO – ResMed incurred a $13.9 million restructuring expense in the second quarter of its fiscal year 2021 as a result of closing its portable oxygen concentrator business.  The company stopped selling its Mobi POCs in November.  “Going forward, the cessation of the POC business will have an immaterial impact on both group revenue and earnings per share,” said Brett Sandercock, CFO, during a conference call on...

financial results, POC, Portable oxygen concentrators, ResMed


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Mike Laiman

Vendors

New year, new focus on Avid Rehab for Merits

January 29, 2021Liz Beaulieu, Editor

FORT MYERS, Fla. – Mike Laiman is the new president of Merits USA and all of its brands but his focus out of the gate will be Avid Rehab.  Laiman says Avid Rehab will improve the seating for its Vector and Velocity complex rehab power wheelchairs and launch new Group 3 wheelchairs in 2021, not to mention more components and accessories “that feed into that product line.”  “There will be a...

Avid Rehab, Merits USA, Mike Laiman


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ResMed posts ‘solid’ quarter

Vendors

ResMed posts ‘solid’ quarter

January 29, 2021HME News Staff

SAN DIEGO – ResMed reported revenues increased to $800 million for the three months ended Dec. 31, 2020, a 7% increase compared to the same period in 2019.  Net income was $179.5 million vs. $160.6 million.  “Our second quarter results reflect continued solid performance and positive trends across our business, resulting in top-line growth,” said Mick Farrell, CEO. “In our core markets of sleep apnea, COPD and asthma, we are seeing continued sequential improvement...

cpap, financial results, ResMed, sleep therapy


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Inogen names new CEO

January 26, 2021HME News Staff

GOLETA, Calif. – Inogen’s board of directors has appointed Nabil Shabshab as president and CEO effective Feb. 8.  Shabshab will replace Scott Wilkinson, who announced that he would be retiring in June last year.  Shabshab will also serve as a Class II director, with a term expiring at the annual stockholders meeting in 2022.  Shabshab, 56, has most recently served as worldwide president of diabetes care and digital health at Becton...

CEO, Inogen, Nabil Shabshab, retirement, Scott Wilkinson


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