Archive: February 2023
NRRTS seeks nominations for annual leadership awards
February 28, 2023HME News Staff
LUBBOCK, Texas – NRRTS is accepting nominations for several annual awards: the Leadership Award, Distinguished Service Award, Consumer Advocate of the Year and Simon Margolis Fellow. The organization will accept nominations for the awards until March 17. “Each year, NRRTS’s board of directors awards individuals and groups who have contributed to the advancement of CRT through leadership, advocacy or distinguished service,” the organization states. “The board wants to...
Medline gets nod from Mass General Brigham
February 28, 2023HME News Staff
NORTHFIELD, Ill. - Medline will be the exclusive provider of medical and surgical supplies across Mass General Brigham’s continuum of care, including its acute care facilities and network for ambulatory surgery centers and physician offices. At the start of the COVID-19 pandemic, Mass General Brigham tapped Medline to augment its storage capacity with third-party logistics (3PL) solutions enabled by Medline's 840,000-square-foot distribution center Uxbridge, Mass. With the expansion of...
OM initiates realignment in ‘evolving market’
February 28, 2023HME News Staff
RICHMOND, Va. - Owens & Minor has initiated a companywide “operating model realignment program” to accelerate profit improvement and reduce costs.
The company expects the realignment to improve profitability and cash flow by about $30 million of adjusted operating income in 2023; $200 million of adjusted operating income by 2025; and $250 million to $400 million of working capital benefit by 2025.
“Fourth-quarter results showed that we need to move quickly to offset...
AdaptHealth’s adjusted EBITDA falls short
February 28, 2023HME News Staff
PLYMOUTH MEETING, Pa. - AdaptHealth reported net revenue of $780.3 million for the fourth quarter of 2022, an 11.1% increase compared to the same period in 2021.
It reported a net loss of $2.6 million vs. a net income of $22.9 million, and adjusted EBITDA of $146 million vs. $158.1 million.
“We are disappointed that adjusted EBITDA fell short of our full-year guidance due primarily to larger impacts from revenue mix and cost pressures than we previously expected,” said...
CQRC calls for clear post-PHE transition
February 27, 2023Theresa Flaherty, Managing Editor
WASHINGTON – With a “massive” number of patients starting on home respiratory therapy during the COVID-19 pandemic, the Council for Quality Respiratory Care is renewing its call for a transition period to ensure those patients don’t lose access when the public health emergency ends on May 11, says the Council for Quality Respiratory Care.
While providers are ready to move past the pandemic, much of that readiness depends on any guidance CMS provides, especially for...
Motion: Nothing without its clients
February 27, 2023Liz Beaulieu, Editor
TORONTO – Motion, a mobility and home access provider, commemorated International Persons with Disabilities Day on Dec. 3 with its own “5 Days of Caring,” but “putting the client at the center of what we do” is a yearlong goal for the company, says CEO Sue Gilpin.
“With persons in vulnerable positions, like disabilities, it’s important to wrap around them, building that awareness and showing that commitment,” she said.
Here’s...
Stakeholders: ‘We want to fix this issue for good’
February 27, 2023Liz Beaulieu, Editor
WASHINGTON – Complex rehab stakeholders, including NCART, AAHomecare, U.S. Rehab and state and regional associations, are working on a more comprehensive strategy for service and repair reform.
While they hadn’t finalized that strategy at press time in early February, stakeholders say the main areas that need to be addressed are increased reimbursement for service and repairs, decreased administrative burdens and improved communication with consumers.
“We want...
Learn how HME automation has evolved
February 27, 2023John Andrews
DALLAS – Technology–specifically information technology–has become the lifeblood of the HME industry, enabling providers to gain more control over their businesses, their patients and their future. It can be daunting to understand and harness the myriad functions, applications and operations of the digital universe, even for those who have been immersed in it for years, which is why Medtrade has made it a focus of its education program.
“Providers need to approach...
Exhibitors look forward to ‘big turnout’
February 27, 2023John Andrews
DALLAS – Moving Medtrade to a central location that not only makes travel easier but also offers recreational opportunities could help boost attendance, exhibitors say.
“Dallas is a great central location with a lot of ‘draw’ for attendees in terms of social and entertaining opportunities, as well as a hub for major airlines to make it easy to get to,” said Katherine Royster, executive vice president of marketing for Sarasota, Fla.-based React Health. “I...
Providers ‘feel heard’ in Florida
February 27, 2023Liz Beaulieu, Editor
TALLAHASSEE, Fla. – Members of the Florida Alliance for Home Care Services (FAHCS) hit the state capitol in late January to talk up a budget request from the state Medicaid program for a 5% reimbursement increase for DME.
The Agency for Health Care Administration’s request will need to be worked into the governor’s budget and, ultimately, passed by the legislature.
“The visits were very positive across the board,” said Beth Bowen, executive director...