Archive: July 2019
BioScrip, Option Care report earnings
July 31, 2019HME News Staff
DENVER - Ahead of their planned merger, BioScrip and Option Care both reported increased revenues for the second quarter of 2019.
BioScrip reported net revenues of $191.5 million for the second quarter 2019, an 8.9% increase compared to $175.8 million during the same period last year. Gross revenue was $196.8 million, an increase of 13.1%. Adjusted EBITDA was $15.5 million, up 35.4%.
“This is the fifth consecutive quarter of sequential, comparable gross revenue growth for BioScrip, and...
Responsive Respiratory releases video
July 31, 2019HME News Staff
ST. LOUIS - Responsive Respiratory has created an instructional video for its new Purify O3 PAP Sanitizer. The video illustrates three simple steps a patient can take to sanitize their device using either the included dual-purpose sanitizing/travel case or a portable closed lid container that can be used with larger masks or items like nebulizers and breast pumps. “This new video allows customers to see for themselves how simple Purify O3 is to use,” said Tom Bannon, president. The video...
Lifeway Mobility acquires Home Mobility Solutions
July 31, 2019HME News Staff
CHICAGO - Lifeway Mobility has acquired the assets of Home Mobility Solutions through its subsidiary, Extended Home Living Services. The Downers Grove, Ill.-based HMS, founded by Mike Cleary, offers stair lifts, wheelchair lifts, ramps and bathroom modifications. “Joining forces with Lifeway enables us to continue to offer our customers and referral sources the caring, responsive service they've enjoyed with HMS together with a broader selection of products, an attractive showroom and streamlined...
180 Medical inks agreement with insurer
July 31, 2019HME News Staff
OKLAHOMA CITY, Okla. - 180 Medical has partnered with insurer CareMore to provide high-quality disposable medical supplies to its members in Arizona and California. “180 Medical strives to partner with insurance carriers like CareMore that place an emphasis on providing the kind of care you would give your own family,” said Gene Katzenberger, 180 Medical's director of contracting and compliance. “Partnering with organizations that share our commitment to improving patients'...
CMS addresses reimbursement for new technology
July 30, 2019HME News Staff
WASHINGTON - CMS is proposing a rule to establish methodologies to modernize pricing of new DMEPOS items and services, the agency announced July 29.
“The proposed rule would provide greater transparency for innovators regarding how CMS determines if new items and services are comparable to older items and services for Medicare pricing,” CMS states. “The proposed rule also promotes competition and innovation in DMEPOS by setting Medicare payment for new items based on commercial...
NSM boosts home access biz in Midwest
July 30, 2019HME News Staff
NASHVILLE, Tenn. - National Seating & Mobility has acquired Scooter Warehouse/At Home Accessibility in South Bend, Ind. “The addition of this team strengthens our expertise in the home modification market and expands our service reach across the Midwest,” said Bill Mixon, CEO of NSM. Grant Moore, who owned Scooter Warehouse/At Home Accessibility with Patty Moore, will transition to the NSM team as general manager for the South Bend branch. Molly Berry, an ATP and doctor of physical therapy,...
Court approves Joerns' Chapter 11 plan
July 30, 2019HME News Staff
CHARLOTTE, N.C. - Joerns Healthcare says the U.S. Bankruptcy Court for the District of Delaware has confirmed the Chapter 11 plan for the company and its domestic subsidiaries. Joerns expects to complete its restructuring and successfully emerge from bankruptcy over the coming weeks. The restructuring plan reduces the company's debt by more than $320 million, while providing up to $40 million of new financing to support its ongoing operations and continued investments. The plan also provides...
Medtrade shifts to Early Rates
July 30, 2019HME News Staff
ATLANTA - Early Rates are now in effect for Medtrade, Oct. 21-23 at the Georgia World Congress Center. These special rates end Sept. 1. “Early Rates mean the incredible deal is still on—making Medtrade significantly less than other in-person and online events,” said Sarah Varner, senior director of marketing for Medtrade. “Early Rates make the Educational Conference pass an incredible value—less money, even hundreds less—for the best education and networking.”...
Have questions about multi-function vents? Nick Macmillan has answers
July 29, 2019HME News Staff
What is a multi-function ventilator?CMS defines a multi-function ventilator as a single device that integrates a ventilator, portable oxygen concentrator, cough stimulator, suction and nebulizer, which traditionally requires a separate piece of equipment for each therapy. VOCSN is the only device that integrates all five therapies and qualifies as a multi-function ventilator.Who is eligible for a multi-function ventilator?Any new ventilator user that qualifues for a ventilator and at least one of...
ResMed nears settlement of years-long investigation
July 26, 2019Liz Beaulieu, Editor
SAN DIEGO - ResMed divulged a projected $41.2 million hit to its net income in the fourth quarter of fiscal year 2019 to resolve an investigation by the Department of Justice of the company's resupply program.The investigation involved four different areas, said David Pendarvis, chief administrative officer and global general counsel, during a conference call to discuss financial results: “How we made our resupply programs available on a trial basis was one element. There were issues about...