Archive: November 2022
Viemed secures new funding of up to $90M
November 30, 2022HME News Staff
LAFAYETTE, La. – Viemed Healthcare has entered into new syndicated credit facilities consisting of a five-year senior secured revolving credit facility of up to $30 million and a five-year delayed draw term loan facility of up to $30 million, which may be borrowed in multiple drawdowns. The new credit facilities contain an accordion feature that allow the company to increase the size of the facilities by up to $30 million, subject to certain conditions, for a total borrowing capacity of up...
InfuCare Rx acquires Health First Infusion
November 30, 2022HME News Staff
FAIRFIELD, N.J. – InfuCare Rx has completed its acquisition of the business assets of Health First Infusion (HFI), a licensed home infusion pharmacy located in West Palm Beach, Fla. “The HFI asset acquisition is part of a multi-faceted plan to expand into new regions and pursue our mission of providing high-quality, cost-effective care to patients with acute and chronic health conditions,” said Deven Patel, founder and CEO of InfuCare Rx. InfuCare Rx currently has locations in New...
Vizient partners with SafeSource Direct on PPE
November 30, 2022HME News Staff
IRVING, Texas, and BROUSSARD, La. – Vizient, a health care performance improvement company, has entered into an agreement with SafeSource Direct, LLC, for chemo-rated nitrile gloves. The agreement is the latest move by Vizient to increase supply assurance of critical medical supplies. “The health care supply chain is global, extremely complex and remains an open invitation for unexpected disruptions,” said Simrit Sandhu, executive vice president, Vizient. “Vizient is committed...
CQRC fears lack of template could increase denials
November 30, 2022HME News Staff
WASHINGTON –– The Council for Quality Respiratory Care has expressed disappointment that the recently published local coverage determination for oxygen does not call for the use of a data-driven oxygen template when documenting medical need.
Instead, the LCD, released on Nov. 18, continues to rely on the use of patient medical records, which the CQRC says can be subjective and inconsistent and which can lead to a high rate of oxygen claim denials.
“It is concerning...
F&P Healthcare reports double-digit decreases
November 29, 2022HME News Staff
AUCKLAND, New Zealand – Fisher & Paykel Healthcare reported a 23% decline in operating revenue to $690.6 million for the first half of the 2023 financial year.
The company pointed out, however, that this was more than the $670 million guided in an August trading update and a 21% increase on the comparable pre-pandemic period.
“Consistent with what we signaled in August, first half revenue was down on the prior corresponding period, as we lapped significant COVID-19-driven...
CAIRE expands into cardiorespiratory market
November 29, 2022HME News Staff
BALL GROUND, Ga. – CAIRE, a subsidiary of NGK Spark Plug, has announced its plans to acquire St. Paul, Minn.-based MGC Diagnostics Holdings.
MGC designs, develops, manufactures and markets non-invasive cardiorespiratory diagnostic systems, accessories and consumables for the detection, classification and management of cardiorespiratory disease.
“CAIRE is firmly committed to driving future growth by expanding our offerings in the clinical setting to better serve those individuals...
HME Woman of the Year finalists named
November 29, 2022HME News Staff
WATERLOO, Iowa – VGM Group has announced the finalists for the HME Woman of the Year: Sherry Krug, vice president of Binson’s Medical Equipment & Supplies; Dalia Morales, ATP, director of compliance, HR, and complex rehab technology at Respiratory and Medical Homecare Unlimited.; Sheila Roberson, chief compliance officer of Great Elm Healthcare; and Erin Weiman, CEO and owner/operator of Nunn’s Home Medical Equipment. VGM received nearly 50 nominations for the award this year. “These...
VGM Gov’t Relations: Help us determine priorities
November 29, 2022HME News Staff
WATERLOO, Iowa – VGM Government Relations has launched a survey to help it determine where to focus its efforts in 2023. During a recent State Leaders Summit hosted by VGM, a group of state and regional association leaders came up with the following top issues: improved reimbursement, audit relief, MCO/Medicaid accountability, among others. VGM is asking providers to prioritize these issues and add others. “We want to hear from you,” it stated in an update. “VGM Government...
Quality Biomedical launches new technology
November 29, 2022HME News Staff
BOULDER, Colo. – Quality Biomedical has launched QTags, a QR code label that’s integrated with the company’s management platform QConnect, to help its provider customers better track equipment. “Customers often commented about the time required to generate RMAs, and their ability to accurately track the equipment they sent for service and received back after service” said Jim Worrell, chief commercial officer of Quality Biomedical. “We listened to those concerns...
Philips updates complaint count
November 28, 2022HME News Staff
AMSTERDAM – Philips Respironics filed an additional 70,000 medical device reports (MDRs) with the U.S. Food and Drug Administration between April 2022 and October 2022, the company stated in a Nov. 22 update on its recall of certain CPAP, BiPAP and mechanical ventilator devices.
The vast majority of the 90,000 MDRs filed since April 2021 are alleged technical malfunctions that do not involve serious injury, the company stated.
“It is important to note that the submission...