Tag: fiscal year 2025
Quipt: ‘We’ve got a lot of levers that we’re pulling’
February 12, 2025Theresa Flaherty, Managing Editor
CINCINNATI – Quipt Home Medical is focusing on “steady progress” in the face of several headwinds, including an expected $3 million annual impact from the expiration of 75/25 blended Medicare reimbursement rates.
The company, which seeks to return to 8% to 10% organic growth rate in 2025, has also been impacted by the withdrawal of Medicare Advantage members due to a capitated agreement with other providers and a discontinued disposable supply contract.
“It’s...
Quipt: Results reflect ‘tangible progress’
February 11, 2025HME News Staff
CINCINNATI – Quipt Home Medical has reported revenue of $61.4 million for the first quarter of fiscal year 2025, a 2% increase compared to the same period last year. The company says its revenue was reduced by about $1.5 million for the three months ended Dec. 31, 2024, vs. the same period in 2023 due to:
Discontinued 75/25 blended Medicare reimbursement rates for certain areas
Withdrawal of Medicare Advantage members due to a capitated agreement with other providers
Discontinued...