News
Industry’s post-election mindset: ‘All we can do is be prepared’
November 15, 2024Theresa Flaherty, Managing Editor
WASHINGTON – How the HME industry’s legislative efforts fare in a post-election Congress will depend a lot on whether president-elect Donald Trump and his supporters want to “clear the decks,” say industry stakeholders.
From meetings on Capitol Hill last week, Jay Witter says committees in both the Senate and House of Representatives are preparing for an end-of-year package but are waiting for a signal as to whether that gets done this year or kicked to next year.
“All...
In brief: Stakeholders push infusion bill, Aeroflow partners with virtual doc group & more
November 15, 2024HME News Staff
ALEXANDRIA, Va. — A group of more than 35 patient and stakeholder groups are calling on Congress to address Medicare beneficiary access to home infusion services.
In a letter to lawmakers, the groups urge congressional leaders to advance the Preserving Patient Access to Home Infusion Act (S. 1976/H.R. 4104), which would include pharmacy services as part of the home infusion therapy benefit under Medicare and cover everything from assessments to drug preparation and compounding...
AMA works to right-size prior auths
November 12, 2024HME News Staff
ORLANDO, Fla. – The American Medical Association will consider legislative and legal actions to fight retrospective denial of payment for care that has been pre-certified by an insurer.
A 700-member House of Delegates has approved a new policy that directs the AMA to support a federal prohibition on the inappropriate denial of payment for medically necessary care that has been pre-certified by insurers and encourages the association to take legal action against insurers that engage...
In brief: Cardinal Health to buy ADS, AMA fights prior auths, Williams Brothers names CEO
November 12, 2024HME News Staff
DUBLIN, Ohio – Cardinal Health has entered into a definitive agreement to acquire Advanced Diabetes Supply for about $1.1 billion in cash, with plans to merge the company into its at-Home Solutions business.
ADS, led by CEO Bill Mixon, serves about 500,000 patients annually by providing the latest innovations in diabetes therapies from leading manufacturers.
"Last January, we elevated the priority of investing in our growth businesses like at-Home Solutions because this...
In brief: Financial results, pharmacy acquisitions, Diabetes Awareness Month
November 8, 2024HME News Staff
GOLETA, Calif. - Inogen reported total revenue of $88.8 million for the third quarter of 2024, a 5.8% increase year over year, driven by higher demand and new customer gains across the domestic and international business-to-business channels.
Those gains were partially offset by lower direct-to-consumer sales and rental revenue.
“We continued to make significant progress on our strategic priorities in the third quarter,” said Kevin Smith, president and CEO. Our...
In brief: AdaptHealth’s static revenue, bid program’s impact, AOM’s Western expansion
November 6, 2024HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth reported third quarter net revenue of $805.9 million compared to $804 million, an increase of 0.2% year over year.
Net income attributable to AdaptHealth was $22.9 million vs. a net loss of $454.1 million. Adjusted EBITDA was $164.3 million vs. $161.2 million, an increase of 1.9%
“I continue to be optimistic about the road ahead,” said Suzanne Foster, CEO. “We have identified growth opportunities, we are assembling a high...
What’s ‘next chapter’ in HME data?
November 1, 2024Liz Beaulieu, Editor
PORTLAND, Maine – A dearth of data makes it difficult for the HME industry to fully leverage AI and other developing technologies, so it may have to shift its focus, according to a panel of vendors at the HME News Business Summit in October.
Because personal health information is protected and because HME companies are typically smaller in size – “No organization here has enough data to feed a large language model,” said Dr. Charlotte Lawson, CEO and co-founder of...
VGM repositions for industry’s ‘growth opportunities’
November 1, 2024Liz Beaulieu, Editor
WATERLOO, Iowa – VGM & Associates has made several high-profile promotions and new hires to shore up its team of experts to help its provider members continue to evolve in the future.
The company, part of VGM Group, in October promoted Craig Douglas to senior vice president of a new HME, Respiratory and Wellness channel, and Tyler Mahncke to senior vice president of a new Clinical Mobility and Accessibility channel.
“When we think about how we’re moving forward...
In brief: Carelon buys CareBridge, 20 reps sign letter, OIG adds reviews
November 1, 2024HME News Staff
INDIANAPOLIS – Carelon, a division of Elevance Health, recently entered into an agreement to acquire CareBridge, a value-based manager of home and community-based services for chronic and complex members that will serve as the foundation for its home health business, company officials announced during a conference call to discuss its third quarter 2024 financial results.
"We're excited to continue to serve all its customers and members,” said Gail Koziara Boudreaux,...
Carelon sees CareBridge as foundation for home health business
October 31, 2024HME News Staff
INDIANAPOLIS – Carelon, a division of Elevance Health, recently entered into an agreement to acquire CareBridge, a value-based manager of home and community-based services for chronic and complex members that will serve as the foundation for its home health business, company officials announced during a conference call to discuss its third quarter 2024 financial results.
"We're excited to continue to serve all its customers and members,” said Gail Koziara Boudreaux,...