Tag: Cardinal Health
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...
Cardinal Health sees ‘ongoing acceleration’
May 6, 2024HME News Staff
DUBLIN, Ohio – Cardinal Health’s at-Home Solutions operating segment, along with two other segments, reported revenue of $1.2 billion for the third quarter of the company's fiscal year 2024, a 14% increase year over year. The “other” segment, which also includes Nuclear and Precision Health Solutions and OptiFreight Logistics, posted a profit of $11 million, a 5% increase, due to the performance of OptiFreight Logistics. Overall, Cardinal Health reported revenue of $54.9...
In brief: Quipt’s ‘robust’ quarter, Cardinal’s raised guidance, Paragon’s 30th anniversary
February 16, 2024HME News Staff
CINCINNATI – Quipt Home Medical reported revenue of $65.4 million for the first quarter of fiscal 2024, a 60% increase compared to the same period last year.
Adjusted EBITDA was $15.3 million (23.5% of revenue) vs. $9.0 million (22% of revenue), a 71% increase; and net income (loss) was $(0.6) million vs. $0.3 million.
“We continued experiencing robust demand trends in the first quarter across our diverse product offering and are very pleased with the continued record...
Cardinal Health raises guidance
February 15, 2024HME News Staff
DUBLIN, Ohio – Cardinal Health’s medical segment reported revenue of $3.9 billion, a 3% increase, driven by growth in at-Home Solutions and Global Medical Products and Distribution, primarily reflecting higher Cardinal Health brand volumes. The segment’s profit increased by $54 million to $71 million in the quarter, driven by an improvement in net inflationary impacts, including mitigation measures. Overall, Cardinal Health reported revenue of $57.4 billion for the second quarter...
In brief: MA payments, tech stage, device risk, Cardinal acquisition
February 2, 2024HME News Staff
WASHINGTON – CMS has released a Calendar Year 2025 Advance Notice for the Medicare Advantage and Medicare Part D Prescription Drug Programs that would pave the way for payments to MA plans to increase on average by 3.7%, or more than $16 billion, from 2024 to 2025.
“CMS continues to ensure that Medicare Advantage and Part D prescription drug plans remain strong, stable and affordable offerings,” said CMS Administrator Chiquita Brooks-LaSure. “The Advance Notice upholds...
Cardinal Health to acquire Specialty Networks
February 1, 2024HME News Staff
DUBLIN, Ohio – Cardinal Health has entered into an agreement to acquire Specialty Networks, a technology-enabled, multi-specialty group purchasing and practice enhancement organization, for $1.2 billion in cash. The acquisition demonstrates Cardinal Health's strategic prioritization of investing to accelerate growth in its Specialty business and provide leading-edge technologies, capabilities and talent that address critical business and customer needs. It also complements Cardinal Health's...