Archive: July 2013
BioScrip obtains credit facility
July 31, 2013HME News Staff
ELMSFORD, N.Y. - BioScrip has secured a $75 million revolving credit facility, it announced today in a press release. A portion of it will be used toward the purchase of Cincinnati-based CarePoint Partners. BioScrip announced in June that it planned to buy the home infusion provider for $223 million. BioScrip also announced that it will purchase approximately $126.2 million aggregate principal of its outstanding notes. The deadline for holders to submit tenders was 5 p.m. EST on July 30.
Brightree announces software name change
July 31, 2013HME News Staff
ATLANTA - Brightree has completed the transition of CareAnyware into its brand, changing the name of CareAnyware EMR software to Home Health and Hospice solution, it announced today. Brightree acquired CareAnyware in December 2012. “The substantial investment we have made, and will continue to make, in home health and hospice software is already making a difference for our customers and gaining attention in the market,” stated Dave Cormack, Brightree president and CEO in a release. Brightree...
AAHomecare, AMEPA join forces
July 31, 2013HME News Staff
WASHINGTON. - AMEPA will merge with AAHomecare on Aug. 1, adding 150 members to the association's rolls for a total of about 850.Rob Brant, president of AMEPA, will become director of industry relations at AAHomcare. He will focus on growing membership, fostering relationships with state associations, and developing grassroots advocates across the country.“I am excited to welcome AMEPA's members and Rob Brant to AAHomecare,” stated Robert Steedley, president of Barnes Healthcare...
Brightree announces software name change
July 31, 2013HME News Staff
ATLANTA - Brightree has completed the transition of CareAnyware into its brand, changing the name of CareAnyware EMR software to Home Health and Hospice solution, it announced today. Brightree acquired CareAnyware in December 2012. “The substantial investment we have made, and will continue to make, in home health and hospice software is already making a difference for our customers and gaining attention in the market,” stated Dave Cormack, Brightree president and CEO in a release. Brightree...
Time's running out to throw your name in the speaker ring
July 31, 2013HME News Staff
LAS VEGAS - The deadline to submit a proposal to Medtrade's Educational Advisory Board (EAB) for Medtrade Spring 2014 is Friday, Aug. 9. The EAB will evaluate proposals based on timeliness of topic, overall content, audience interest, creativity, prior speaking expertise, knowledge of subject matter, prior speaker evaluation results and speaker references. Sales presentations and incomplete submissions will not be considered. For more information, contact Toni Ward at antoinette.ward@emeraldexpo.com...
Private pay, miracles and the Summit
July 30, 2013Liz Beaulieu, Editor
We had a great response to a webcast on how to snag private-pay contracts on July 25—a real testament to how many HME providers out there are trying to diversify their businesses away from traditional Medicare.
There's nothing like a competitive bidding program hitting 91 cities and a reimbursement reduction of 45% to light a fire under you know what.
In an hour-long webcast with 13 slides, speaker Stephen Hodges, a strategic business development consultant for HME Solution, barely...
Pre-show schedule now includes online marketing seminar
July 30, 2013HME News Staff
ORLANDO - There's a new pre-show seminar scheduled for Medtrade: Marketing consultants Lisa Wells and Anna McDevitt will present “Keeping your business ahead of the digital curve” on Oct. 7 from 1 p.m. to 5 p.m. Wells, president of Get Social Consulting, and McDevitt, president of Laboratory Marketing, will take attendees through scalable marketing principles using entertaining stories, in-class activities, videos and real-world examples. Attendees will learn how to create compelling...
Roscoe Medical under new private equity ownership
July 30, 2013HME News Staff
STRONGSVILLE, Ohio - Roscoe Medical has finalized a recapitalization with Tenex Capital Management, a private equity investment group in New York, the manufacturer and distributor announced today.
Roscoe Medical's current management team, led by President and CEO Paul Guth, will remain in place.
“This is a great fit for Roscoe Medical, and another chapter in the growth story of the company,” he stated in a press release. “By partnering with Tenex, we will have the financial...
Layoffs at Invacare hit 236
July 30, 2013HME News Staff
ELYRIA, Ohio - Invacare has laid off an additional 25 workers at its Taylor Street manufacturing facility. It's the third layoff at the facility: In late 2012, Invacare laid off 143 workers; and in April of this year, it laid off 68 workers. The reason: A consent decree with the U.S. Food and Drug Administration (FDA) has limited production at the facility and, therefore, dampened sales. “It's something that we continue to evaluate as we work through the consent decree with the FDA,”...
MACs join forces to reduce denials
July 30, 2013HME News Staff
WASHINGTON - The Part A and Part B Medicare Administrative Contractors have formed a task force to educate on national issues of concern regarding improper payment errors, they have announced. The Comprehensive Error Rate Testing (CERT) A/B Contractor Task Force will hold its first teleconference Aug. 20. The task force affords providers the benefit of a “collaborative, consistent voice to reduce costly claim denials, as well as the CERT error rate,” according to a bulletin. The task...