Tag: Growth
JMeds positions for growth with new hire
January 24, 2020HME News Staff
FORT WORTH, Texas - JMeds, a Kalos Health Services company, has hired Jenny Swain as its executive vice president of sales and clinical initiatives. Swain brings more than 20 years of experience in the long-term market, including at American Medical Technologies, an independent provider of wound care solutions for long-term care facilities nationwide. JMeds provides a consolidated service solution that includes DME, NPWT, oxygen and infection prevention across Texas and other southern states. Swain...
SoClean sets up second shop
September 5, 2019Theresa Flaherty, Managing Editor
PETERBOROUGH, N.H. - SoClean will add operations in Kalispell, Mont., in October, with plans to hire up to 100 people there in its first year, according to Montana Public Radio. Chief Information Officer Keith Brown told the radio station that the company, founded in 2011, is growing and needs a second North American office. “It's primarily going to be sales, customer service, some technical folks,” he said. “I imagine we'll have, eventually, marketing and other areas here...
Medicare trustees expect Part B costs to grow steadily
April 23, 2019HME News Staff
WASHINGTON - Projected costs for the Supplementary Medical Insurance (SMI) Trust Fund, which funds Medicare Part B and D, are expected to grow steadily from 2.1% of GDP in 2018 to about 3.7% GDP in 2038, according to the 2019 Medicare Trustees Report.
The reason: an aging population and rising healthcare costs.
Despite the growth, the SMI Trust Fund is expected to be adequately financed in all years because premium income and general revenue income are reset annually to cover expected costs,...
Rehab Medical eyes national footprint
August 16, 2018HME News Staff
INDIANAPOLIS - Rehab Medical now has a presence in 13 states and the complex rehab provider is eyeing a national footprint, according to the Indiana Business Journal. The company hasn't decided how to accomplish that, though—organically or through acquisitions. Rehab Medical, which started as part of a larger company, Orbit Medical, provides complex power wheelchairs and mobility devices, as well as wound-therapy products, beds and some orthotics. In a rapidly consolidating market, Rehab Medical...
Medline nearly triples footprint in Maryland
December 20, 2017HME News Staff
BALTIMORE - Medline is nearly tripling its footprint in Maryland with the construction of a 1.1 million-square-foot distribution center in the Principio Business Park in Perryville. The new center, which will replace the company's current Havre de Grace facility, will be LEED-certified and is expected to create more than 200 new jobs over the next six years, according to a press release from the Maryland Department of Commerce. The center is one of 40 strategically located across the county, from...
Universal Software outgrows corporate office
May 3, 2017HME News Staff
NOVI, Mich. - Universal Software Solutions has added a second office here. The company says business has grown so much in the past few years that it has outgrown its corporate office in Davison, Mich. “In the past few months, we have added many new programming, customer support and training staff,” said Dave Golen, vice president. While Universal Software Solutions will keep its corporate office in Davison, it moved its training, sales and marketing departments to the Novi office in April....
CHME secures $4M term loan
May 3, 2017HME News Staff
COSTA MESA, Calif. - Pacific Mercantile Bank has extended a $4 million term loan to CHME, an HME provider. CHME, originally California Home Medical Equipment, was referred to Pacific Mercantile Bank by Unique Investment Corp., CHME's private equity sponsor. “With the knowledge they gained, they were able to structure a loan that meets our financing needs and allows us to increase our working capital to support the growth opportunities we are seeing,” said Bernie Zimmer, president of CHME....
Sneak peek of the State of the Industry Report
October 26, 2016Liz Beaulieu, Editor
There are signs in our upcoming State of the Industry Report (keep an eye out for it in December) that the HME industry may be beginning to settle down after a few roller coaster years. 2011 through 2014 were mostly unkind to the industry, thanks to a Medicare competitive bidding program that has delivered round after round of cuts.
But in 2015, when we look at DME growth by product category, we see slight increases across categories, with the exception of hospital beds. For the wheelchair category,...
CMS provides Medicare Advantage updates for 2017
September 27, 2016HME News Staff
WASHINGTON - Medicare Advantage premiums will remain stable and for the seventh straight year enrollment is projected to increase to a new all-time high, CMS announced Sept. 22. The average monthly premium will decrease by $1.19, from $32.59 in 2016 to $31.40 in 2017, about 4%. The majority of Medicare Advantage enrollees (67%) will experience no increase in premiums. Enrollment will increase to 18.5 million in 2017, a 60% increase from 2010. Thirty-two percent of all Medicare enrollees will be in...
Aeroflow adds 50 employees
August 30, 2016HME News Staff
ASHEVILLE, N.C. - Aeroflow Healthcare has added 50 employees this year, 22 of them in its breastpumps department. “The department currently shows a 110% growth percentage from January,” the provider stated in an Aug. 29 press release. Aeroflow has also boosted its billing department with 12 employees this year, representing a 34% growth rate. The provider has added nine and five employees to its customer service and marketing departments, respectively. “We have added truly amazing...