Tag: Cardinal Health
Cardinal Health teases upside from ADSG acquisition
January 31, 2025Liz Beaulieu, Editor
DUBLIN, Ohio – Cardinal Health’s acquisition of Advanced Diabetes Supply Group hasn’t closed yet, but company officials said on a conference call to discuss second quarter financial results that they’re “looking forward to talking about the profit contributions from that business in future quarters.”
Cardinal Health announced in November that it had entered into a definitive agreement to acquire ADSG, which serves about 500,000 patients annually with a...
Cardinal Health CEO: ‘We delivered’
January 30, 2025HME News Staff
DUBLIN, Ohio – Cardinal Health has reported second quarter revenue for its “other” businesses, which includes at-Home Solutions, increased 13% to $1.3 billion.
The company reported profit for these businesses increased 11% to $118 million, driven by the performance of OptiFreight Logistics and Nuclear and Precision Health Solutions.
“We delivered strong second quarter financial results while taking significant strategic and operational actions to position...
In brief: FTC scrutinizes PBMs – again, Lincare settles, Cardinal breaks ground
January 17, 2025HME News Staff
WASHINGTON – The Federal Trade Commission has published a report that found pharmacy benefit managers Caremark Rx LLC (CVS), Express Scripts and OptumRx marked up numerous specialty generic drugs by hundreds or thousands of percent.
The report, the second produced by the FTC, focused on PBMs influence over specialty generic drugs, including significant price markups by PBMs for cancer, HIV and a variety of other critical drugs.
“The FTC staff’s second interim...
Pharmacy groups launch public health consortium
January 16, 2025HME News Staff
ALEXANDRIA, Va. – The National Community Pharmacists Association’s Innovation Center has formed the Independent Community Pharmacy Consortium for Government Engagement, bringing together pharmacy services administrative organizations, wholesale distributors and pharmacy management system vendors to streamline the engagement of community pharmacies in public health initiatives.
The NCPA says the consortium will facilitate swift and efficient cooperation between public health...
Cardinal Health building new distribution center
January 15, 2025HME News Staff
DUBLIN, Ohio – Cardinal Health says construction is underway on a new distribution center in Fort Worth, Texas, to support its at-Home Solutions business, which provides medical supplies to more than 5 million patients annually in the United States. The new 340,000-square-foot distribution center will consolidate two existing warehouses into one larger facility, creating approximately 74,000 additional square feet of inventory capacity, and will retain the current workforce. Once open, the...
Cardinal Health to buy nat’l diabetes provider
November 12, 2024HME News Staff
DUBLIN, Ohio – Cardinal Health has entered into a definitive agreement to acquire Advanced Diabetes Supply for about $1.1 billion in cash, with plans to merge the company into its at-Home Solutions business.
ADS, led by CEO Bill Mixon, serves about 500,000 patients annually by providing the latest innovations in diabetes therapies from leading manufacturers.
"Last January, we elevated the priority of investing in our growth businesses like at-Home Solutions because this...
Hospital-at-home: Engage with lawmakers
August 5, 2024Alex Hoopes
Q. What legislative barriers do hospital-at-home programs face – and how can HME providers play a role in overcoming those?
A. Traditional Medicare is the primary payer for hospital-at-home through the Acute Hospital Care at Home (AHCaH) waiver. This waiver was drafted with urgency early in the COVID-19 pandemic when in-person visits were extremely limited. Fast forward to now, hospital-at-home programs have expanded and evolved. As such, some rules may need to be revisited or adjusted based...
Hospital-at-home: Start thinking ahead
July 10, 2024Alex Hoopes
Q. What is the future of hospital-at-home, beyond serving patients with acute illness, and how might that impact HME?
A. The data is clear – we know hospital-at-home can improve patient outcomes, reduce unnecessary health care spending and lead to fewer readmissions. These successes will undoubtedly drive the demand to offer hospital-at-home services to patients in rural and underserved areas who may be far from a physical hospital facility. Telehealth, AI and remote monitoring technology...
Hospital-at-home: Ensure integrity of supplies
June 12, 2024Alex Hoopes
Q. How are hospital-at-home supply chain logistics different than in brick-and-mortar health care?
A. In a traditional hospital setting, large trucks make deliveries to facility loading docks on routine schedules. These products are then stored all over the hospital in patient rooms and storage closets. If a patient needs a product and it is not already in the hospital room, a nurse can easily walk down the hall to a supply closet to get what they need.
With hospital-at-home...
Hospital-at-home: Ensure supplies fulfillment
May 8, 2024Alex Hoopes
Q. What does a hospital-at-home program need to succeed?
A. Hospital-at-home is one of the most effective care models I’ve seen to achieve the triple-aim of helping improve patient outcomes and patient experience while decreasing costs. At least one study in 2020 has shown that hospital-at-home costs are less than costs accumulated for patients in a traditional setting.
While we’re on an exciting horizon for home-based health care, for hospital-at-home to succeed...