Specialty Providers
NHIA makes payer recommendations
March 13, 2024HME News Staff
ALEXANDRIA, Va. – The National Home Infusion Association (NHIA) has developed recommendations for commercial, Medicaid and Medicare Advantage payers to improve patient outcomes and experience, reduce administrative burden, and improve timely access to home infusion services.
The 2024 recommendations, designed to be incorporated into contracts between health plans and home and alternate site infusion providers, address value-based programs, secondary payers, prior authorization,...
CCS ‘on right track’
March 13, 2024Theresa Flaherty, Managing Editor
GLP-1 medications misconception: Nearly 60% of diabetes patients surveyed by CCS mistakenly believe that GLP-1 medications alone are a silver bullet for managing their health. However, these drugs need to be integrated into a long-term holistic care plan.
Education and support gap: The survey results highlight a real need for better education and support for patients managing their diabetes. Diabetes suppliers are well-positioned to...
Viemed fortifies sales force
March 8, 2024Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed kicked off 2024 with a restructured sales force to boost ongoing organic growth, company execs said on a recent call to review fourth quarter and full-year 2023 financial results.
The company recently transitioned to a training and management infrastructure that takes a more localized approach, creating multiple territory sales manager and national sales directorship promotions, said Casey Hoyt, CEO.
“This expansion and fortification of our team...
O’Neal Medical ‘moves on’ from DME
March 8, 2024Theresa Flaherty, Managing Editor
PELHAM, Ala. – The business of providing durable medical equipment is rapidly becoming one of diminishing returns, says Woody O’Neal, who recently announced plans to phase out that part of his business to focus on respiratory products.
It’s a big switch for a company that once held competitive bidding contracts and had built up a “very large book of DME business,” says O’Neal, vice president of O’Neal Medical.
“The outlook for traditional...
Viemed reports ‘exceptional year’
March 7, 2024HME News Staff
LAFAYETTE, La. – Viemed reported net revenues of $50.7 million for its fourth quarter ended Dec. 31, 2023, an increase of 35% compared to the same period in 2022.
Total net revenues for the year were a record $183 million, an increase of 32%.
Adjusted EBITDA for the quarter and year was $12.8 million and a record $43.1 million, respectively.
"We're thrilled to announce another exceptional year of financial performance at Viemed, marked by robust double-digit...
CCS survey: Education lacking for diabetes
March 7, 2024HME News Staff
DALLAS – CCS engaged independent market research firm PureSpectrum to survey more than 1,500 people living with diabetes to understand their attitude on an array of timely issues, including growing demand for GLP-1 weight loss drugs.
The survey found 57% of people with diabetes think GLP-1 weight loss drugs alone may be a silver bullet for helping achieve their health goals.
“GLP-1 weight loss drugs alone are not a silver bullet when it comes to improving the health...
Option Care monitors ‘vigorous’ competition
March 1, 2024Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – The trend of payers integrating with providers, including Elevance Health’s recent acquisition of Paragon Healthcare, a Texas-based infusion provider, is a shift that Option Care Health is keeping a close eye on, says CEO John Rademacher.
“They're vigorous competitors and so we take that full view as we're approaching the marketplace,” he said on a recent call to discuss the company’s fourth quarter and full year earnings. “Our...
Hanger launches investment platform
February 29, 2024HME News Staff
AUSTIN, Texas – Hanger has launched Hanger Ventures, a subsidiary designed to invest in entrepreneurs and small businesses and help bring innovative O&P health care solutions to the market.
“Hanger Ventures will enable us to provide resources typically not accessible to entrepreneurs and small businesses, collaborating from incubation to commercialization,” said Pete Stoy, CEO. “This type of collaboration enables us to be at the forefront of innovation, with...
Option Care delivers ‘strong results’
February 22, 2024HME News Staff
BANNOCKBURN, Ill. – Option Care Health reported revenue of $1.12 billion for the fourth quarter of 2023, an increase of 9.5% compared to the same quarter in 2022.
Revenue for the full year was $4.3 billion, up 9.1% compared to 2022. Gross profit for the quarter was $247.1 million and adjusted EBITDA was $111.6 million.
“The Option Care Health team delivered strong financial results in the fourth quarter and full year of 2023 and continued to execute on our commitment...
Kramer to receive 2024 Lynn Giglione Women in Leadership Award
February 21, 2024HME News Staff
ALEXANDRIA, Va. – The National Home Infusion Foundation has named Nancy Kramer as the recipient of the 2024 Lynn Giglione Women in Leadership Award.
Kramer, vice president, clinical services at Optum Infusion Pharmacy, has more than 30 years’ experience in home infusion nursing, clinical leadership, staff education and development, cross-disciplinary collaboration, and patient-centered care.
“Nancy is a true servant leader with a deep sense of empathy and way of...