Specialty Providers
Viemed broadens strategy
May 10, 2024Theresa Flaherty, Managing Editor
LAFAYATTE, La. – Viemed Healthcare’s integration of HMP is “hitting its stride,” helping the company build out a more diversified product offering, says CEO Casey Hoyt.
Viemed closed on its acquisition of Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions in June 2023. That deal, and a recent joint venture with East Alabama Health that gave Viemed a controlling interest in East Alabama HomeMed, provides...
PromptCare expands nat’l footprint
May 7, 2024HME News Staff
NEW PROVIDENCE, N.J. - PromptCare, a provider of at-home and alternate-site infusion therapy, has announced that Coastal Infusion Services, which has a presence throughout the southern U.S., is now part of its family of companies.
Coastal Infusion Services also cares for patients at six state-of-the-art ambulatory infusion suites (AISs) strategically located throughout southern Louisiana.
“This is a unique opportunity to combine two organizations with deeply experienced...
Viemed ‘kicks off’ with strong Q1
May 7, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported revenues of $50.6 million for the first quarter of 2024, a 28% increase over the prior year.
Net income for the quarter totaled $1.6 million; and adjusted EBITDA totaled $10.1 million, a 21% increase.
"I am tremendously enthusiastic about the company's performance, as we kick off 2024 with strong momentum," said Casey Hoyt, CEO. "Our steadfast investments in personnel and operational enhancements are yielding substantial...
CMS proposes coding changes for intermittent urinary catheters
May 6, 2024HME News Staff
WASHINGTON – CMS has proposed discontinuing two existing HCPCS codes for intermittent urinary catheters, A4351 and A4352, and establishing five new codes in response to a request from AAHomecare and its manufacturer members.
The agency stated that it does not see a claims processing need to discontinue or modify existing HCPCS code A4353, “Intermittent urinary catheter, with insertion supplies.”
“CMS believes that clinical evidence and current payer policies...
NCPA seeks pause on audits, ahead of cyberattack hearing
May 1, 2024HME News Staff
ALEXANDRIA, Va. – Independent pharmacies that are still experiencing operational and financial disruptions related to the Change Healthcare cyberattack have made several asks to Congress as part of two separate congressional hearings today.
In statements for the record, members of the National Community Pharmacists Associations are urging Congress to:
Direct plans and pharmacy benefit managers to pause audits;
Make pharmacies whole for dispensing...
Walgreens creates new specialty pharmacy business
April 30, 2024HME News Staff
DEERFIELD, Ill. – AllianceRx Walgreens Pharmacy will become Walgreens Specialty Pharmacy effective Aug.1, 2024, in a move that Walgreens says will expand care for patients with complex, chronic conditions.
Walgreens will now have nearly 300 community-based specialty pharmacies nationwide, with more than 1,500 specialty-trained pharmacists, 5,000 patient advocacy support team members and dedicated Specialty360 teams that support all specialty conditions and therapies.
“With...
Option Care details impact of cyberattack
April 26, 2024Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – Option Care Health’s cash flow during the first quarter was negatively impacted by the Change Healthcare cyberattack, but the company has not changed its outlook for the full year, executives said on a recent earnings call.
From the date of the cyberattack on February 21 through the rest of the quarter, Option Care was unable to submit more than half its claims, said John Rademacher, president and CEO.
“This has resulted in a detrimental...
EW’s Focus is at Heartland
April 26, 2024Theresa Flaherty, Managing Editor
WATERLOO, Iowa – VGM’s Heartland Conference will host Focus at Heartland this year, a change in format for Essentially Women’s annual conference that will allow organizers to “go above and beyond” what they offer women’s health providers, says Nikki Jensen.
“The abundance of resources and thought leaders that we have at Heartland – this is an unprecedented opportunity to bring it to EW members,” said Jensen, vice president of EW, a division...
NCPA fly-in turns up heat on PBM reform
April 24, 2024HME News Staff
WASHINGTON – Hundreds of community pharmacists from 40 states and the District of Columbia visited more than 250 congressional offices to press for PBM reforms during the National Community Pharmacists Association’s Congressional Pharmacy Fly-In April 17-18.
Rep. Buddy Carter, R-Ga., offered attendees insights into what’s happening with PBM reform and how community pharmacists could best press policymakers for progress during their meetings on Capitol Hill.
“Low...
Option Care reports double-digit growth
April 23, 2024HME News Staff
BANNOCKBURN, Ill. – Option Care Health reported revenue of $1.14 billion for the first quarter of 2024, an increase of 12.8% compared to the same quarter last year, despite the disruption caused by the Change Healthcare cyberattack in February.
“The Option Care Health team delivered solid financial results while navigating a disruptive environment,” said John Rademacher, CEO. “I am proud of the resilient enterprise we have built and the team's unwavering commitment...