Tag: 2024
Through a lot
December 20, 2024Liz Beaulieu, Editor
It’s a tradition for me to use my editorial in the upcoming January issue to discuss the most read stories in the HME industry for the previous year.
Here is what the list looks like for 2024:
ResMed on mask recall, big tech and demand gen
Oxygen bill introduced in House
Catheter proposal is huge step forward
Owens & Minor to buy Rotech
Philips exit: ‘Nothing fazes us anymore’
Change Healthcare outage has scary impact on HME industry
Providers:...
BOC honors Wendy Miller for extraordinary service
November 19, 2024HME News Staff
OWINGS MILLS, Md. – The Board of Certification/Accreditation has named Wendy Miller, BOCO, LO, CDME, as the recipient of the 2024 Jim Newberry Award for Extraordinary Service. Miller, who professionally retired from the BOC in December 2023, served the organization for 30 years, including as facility accreditation manager, chief credentialing officer and special assistant to the CEO. “There are few people who have served BOC for so many years and in so many capacities,” said Cameron...
VGM’s Jeremy Kauten receives tech award
November 19, 2024HME News Staff
WATERLOO, Iowa – VGM Group has announced that CIO Jeremy Kauten has been recognized as a winner of the 2024 Info-Tech CIO Awards in the Large and Enterprise Organization Division. Since 2016, The Info-Tech CIO Awards have honored IT leaders who deliver significant value to their organizations and achieve remarkable satisfaction scores. “It is such an honor to receive an Info-Tech CIO Award,” said Kauten. “This recognition is a testament to the hard work and dedication of our...
Industry’s post-election mindset: ‘All we can do is be prepared’
November 15, 2024Theresa Flaherty, Managing Editor
WASHINGTON – How the HME industry’s legislative efforts fare in a post-election Congress will depend a lot on whether president-elect Donald Trump and his supporters want to “clear the decks,” say industry stakeholders.
From meetings on Capitol Hill last week, Jay Witter says committees in both the Senate and House of Representatives are preparing for an end-of-year package but are waiting for a signal as to whether that gets done this year or kicked to next year.
“All...
OPGA names Freedom providers
November 11, 2024HME News Staff
WATERLOO, Iowa – The Orthotic and Prosthetic Group of America recently honored several providers with a 2024 Freedom Award in recognition of their care of military personnel. “We’re proud to recognize these O&P providers for the exceptional care they provide to those who have sacrificed for our freedoms,” said Nikki Grace, director of OPGA. “The Freedom Award highlights their dedication to the distinguished veterans they treat and to our nation’s armed forces.”...
Inogen remains focused on growth, innovation, profitability
November 7, 2024HME News Staff
GOLETA, Calif. - Inogen reported total revenue of $88.8 million for the third quarter of 2024, a 5.8% increase year over year, driven by higher demand and new customer gains across the domestic and international business-to-business channels.
Those gains were partially offset by lower direct-to-consumer sales and rental revenue.
“We continued to make significant progress on our strategic priorities in the third quarter,” said Kevin Smith, president and CEO. Our...
Owens & Minor sees ‘solid top-line results’
November 4, 2024HME News Staff
RICHMOND, Va.– Owens & Minor reported consolidated revenue of $2.7 billion in the third quarter of 2024, an increase of 5% year over year.
Of that, the company’s Patient Direct business had revenue of $687 million, up 6%, driven by strength in several categories, led by diabetes and sleep supplies. Adjusted EBITDA was $142 million, up 5%; and total debt reduction was $198 million.
“Our third quarter results demonstrated our ability to deliver on our commitments...
Philips reports improvement in profitability
October 28, 2024HME News Staff
AMSTERDAM – Philips reported group sales of EUR 4.4 billion, with flat comparable growth, and adjusted EBITDA margin of 11.8%, up 160 basis points, for the third quarter of 2024.
In the Connected Care business, the company reported comparable sales were flat, with growth in Enterprise Informatics and Sleep & Respiratory Care offset by a low-, single-digit decline in Monitoring, on the back of high-teens growth in the same period last year.
“Strong improvement in profitability...
NCPA report shows ‘ominous amount of pressure’
October 28, 2024HME News Staff
COLUMBUS – Independent pharmacy represented a $94.9 billion marketplace in 2023, with gross profit margin falling to 19.7%, its lowest point in the 10-year lookback window of the NCPA Digest. This reflects factors like low or below-cost third-party reimbursements and inflation (which showed up in wages and overhead costs), according to the NCPA. Other highlights from the 2024 NCPA Digest include:
Independent community pharmacies represent 35% of all retail pharmacies in the United...
NCPA awards Pharmacist of the Year, other awards
October 28, 2024HME News Staff
COLUMBUS, Ohio – The National Community Pharmacists Association announced the winners of several awards at its recent annual conference, including Richard “Tripp” Logan, L&S Pharmacy in Charleston, Mo., as the 2024 NCPA Willard B. Simmons Independent Pharmacist of the Year. The annual award, which is given to a pharmacist who exhibits exemplary professional leadership, service to community and commitment to independent pharmacy, is named in honor of Willard B. Simmons, a former...