Tag: AdaptHealth
In brief: MSC makes buy, specialty meds require more care, AdaptHealth names new exec
December 3, 2024HME News Staff
CLEVELAND – Medical Service Company has acquired Carle Medical Supply, a DME provider supporting Carle Health patients in central Illinois.
“Like so many other health care systems, Carle identified that value and impact that DME has on a patient’s hospital discharge experience,” said Josh Marx, CEO of MSC. “Although a small part of the care continuum, when done well, discharge speed accelerates and patient satisfaction increases. Through MSC’s investments...
AdaptHealth names chief commercial officer
December 3, 2024HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth has appointed Russell Schuster chief commercial officer to oversee commercial strategy and revenue generation for the company. Most recently, Schuster served as president of Cardinal Health Canada and, prior to that, served in progressive roles within investment banking and M&A at Lehman Brothers, Barclays Capital and Republic Services. “We are thrilled to welcome Russ to the AdaptHealth team,” said Suzanne Foster, CEO. “Russ’s experience...
AdaptHealth targets diabetes business for improvement
November 8, 2024Theresa Flaherty, Managing Editor
PLYMOUTH MEETING, Pa. – AdaptHealth CEO Suzanne Foster is doubling down on efforts to turn around the company’s struggling diabetes business, saying it was “worse” than she initially thought it was.
The product category, which makes up 17% of the AdaptHealth’s revenues, declined 11.8% during the third quarter, following a worse than expected performance during the second quarter.
“Following last quarter's results, I turned my attention to...
In brief: AdaptHealth’s static revenue, bid program’s impact, AOM’s Western expansion
November 6, 2024HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth reported third quarter net revenue of $805.9 million compared to $804 million, an increase of 0.2% year over year.
Net income attributable to AdaptHealth was $22.9 million vs. a net loss of $454.1 million. Adjusted EBITDA was $164.3 million vs. $161.2 million, an increase of 1.9%
“I continue to be optimistic about the road ahead,” said Suzanne Foster, CEO. “We have identified growth opportunities, we are assembling a high...
AdaptHealth’s revenues are static in Q3
November 5, 2024HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth reported third quarter net revenue of $805.9 million compared to $804 million, an increase of 0.2% year over year.
Net income attributable to AdaptHealth was $22.9 million vs. a net loss of $454.1 million. Adjusted EBITDA was $164.3 million vs. $161.2 million, an increase of 1.9%
“I continue to be optimistic about the road ahead,” said Suzanne Foster, CEO. “We have identified growth opportunities, we are assembling a high...
Sheehan to help lead AdaptHealth’s diabetes biz
October 28, 2024HME News Staff
PLYMOUTH MEETING, Pa. – Gary Sheehan has started a new role at AdaptHealth as general manager, senior vice president, of diabetes. “I am looking forward to working with the diabetes team and across the enterprise to grow this critical product category,” he wrote in a post on LinkedIn. “This is an exciting next step for me within Adapt. I am very excited about the team being assembled and our collective focus on service, growth and winning. The HME industry remains at an exciting...
In brief: AdaptHealth board, Heartland speakers, orthotics allowables
October 23, 2024HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth has appointed Diana Nole, who has 18 years of senior leadership experience in the health care AI and IT industries, to its board of directors. She most recently served as the executive vice president and general manager of the health care division of Nuance Communications, a Microsoft Cloud and AI company that provides AI driven clinical documentation creation, clinical revenue cycle integrity and diagnostic radiology cloud solutions to the global health...
AdaptHealth adds tech expert to board
October 21, 2024HME News Staff
PLYMOUTH MEETING, Pa. – AdaptHealth has appointed Diana Nole, who has 18 years of senior leadership experience in the health care AI and IT industries, to its board of directors. She most recently served as the executive vice president and general manager of the health care division of Nuance Communications, a Microsoft Cloud and AI company that provides AI driven clinical documentation creation, clinical revenue cycle integrity and diagnostic radiology cloud solutions to the global health...
Providers on Helene’s front lines: ‘We are stretched thin but able to help’
October 4, 2024Theresa Flaherty, Managing Editor
A week after Hurricane Helene brought flooding and devastation across the Southeast, "it's like an atomic bomb went off," and HME providers, like impacted residents, are still assessing the damage and trying to recover, all the while taking care of patients.
The Category 4 storm, one of the worst in U.S. history, made landfall in Florida’s Big Bend region Sept. 26, before sweeping wind and record-breaking rainfall across a large area that included parts of...
In brief: Wheelchair bill, RPM monitoring, catheter billing
September 27, 2024HME News Staff
WASHINGTON – Sens. Marsha Blackburn, R-Tenn., and Tammy Duckworth, D-Ill., have introduced legislation that would improve access to titanium and carbon fiber manual wheelchairs for Medicare beneficiaries.
S. 5154, which would create two new HCPCS codes for complex rehab technology manual wheelchairs and would allow for upgrades, is a companion bill to H.R. 5371.
“The Senate bill drops at an opportune time for mobility stakeholders and disability advocates to ask their...