Tag: Home Infusion Therapy
In brief: Stakeholders push infusion bill, Aeroflow partners with virtual doc group & more
November 15, 2024HME News Staff
ALEXANDRIA, Va. — A group of more than 35 patient and stakeholder groups are calling on Congress to address Medicare beneficiary access to home infusion services.
In a letter to lawmakers, the groups urge congressional leaders to advance the Preserving Patient Access to Home Infusion Act (S. 1976/H.R. 4104), which would include pharmacy services as part of the home infusion therapy benefit under Medicare and cover everything from assessments to drug preparation and compounding...
Infusion stakeholders send new letter
November 13, 2024HME News Staff
ALEXANDRIA, Va. — A group of more than 35 patient and stakeholder groups are calling on Congress to address Medicare beneficiary access to home infusion services.
In a letter to lawmakers, the groups urge congressional leaders to advance the Preserving Patient Access to Home Infusion Act (S. 1976/H.R. 4104), which would include pharmacy services as part of the home infusion therapy benefit under Medicare and cover everything from assessments to drug preparation and compounding...
InfuSystem sees ‘acceleration’
November 7, 2024HME News Staff
ROCHESTER HILLS, Mich. – InfuSystem Holdings reported revenue of $35.3 million for the third quarter of 2024, an increase of 11% year over year. Of that, Patient Services net revenue was $20.8 million and Device Solutions net revenue was $14.5 million. Adjusted EBITDA was $7.9 million, an increase of 15% year over year. “Our third quarter financial results reflect the forecasted acceleration in our business in the second half of the year,” said Rich Dilorio, CEO. “We saw significant...
Option Care pushes through disaster for strong quarter
November 1, 2024Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – Despite disruption to its supply chain, Option Care Health’s quick and “aggressive” response allowed the provider to continue servicing patients, with minimal impact, CEO John Rademacher said.
In the aftermath of Hurricane Helene, flooding halted production of intravenous solution bags at the Baxter International plant in Marion, N.C.
“From the moment of the closure, needless to say, there were immediate actions that we took to not...
Option Care reports strong Q3, keeps eye on disaster impacts
October 30, 2024HME News Staff
BANNOCKBURN, Ill. – Option Care Health reported revenue of nearly $1.3 billion for the third quarter of 2024, an increase of 17% compared to the same quarter in 2023.
Gross profit was $256.7 million, or 20.1% of net revenue, up 1 % compared to $254.3 million, or 23.3% of net revenue, in the third quarter of 2023. Adjusted EBITDA was $115.6 million, up 5.3% compared to $109.8 million in the third quarter of 2023.
“Once again, the Option Care Health team continued to perform...
TwelveStone looks to accelerate growth, keep eye on patient
October 18, 2024HME News Staff
MURFREESBORO, Tenn. – After recent moves to tighten its focus on its infusion services business, TwelveStone Health Partners plans to push forward in 2025 with an omnichannel approach, says CEO Shane Reeves.
TwelveStone, which has 21 ambulatory infusion suites in Tennessee, Kentucky and Virginia, plans to create solutions with physician’s offices to run in-office infusion clinics and develop joint venture solutions with hospital systems that want to maintain that line of post-acute...
NHIA urges more steps in addressing IV solution shortage
October 16, 2024HME News Staff
WASHINGTON – The National Home Infusion Association believes more needs to be done to minimize the impact on patient care and ensure equitable access to life-savings IV therapies after flooding halted production at the Baxter International plant in Marion, N.C. In a letter to Department of Health and Human Services Secretary Xavier Becerra, the association wrote: “As the leading voice for the home and alternate site infusion community, we write to share our concerns and offer recommendations...
ACU-Serve brings ‘transparency’ to infusion services
October 11, 2024Liz Beaulieu, Editor
AKRON, Ohio – ACU-Serve has hired Heather Randel to build out an Infusion Division in a move that allows the company to increase its services to specialty providers and play an important role in improving their intake.
The company named Randel, whose billing and collections experience spans hospitals, specialty pharmacies and ambulatory infusion centers, as vice president of operations for the division in August.
“Several of our hospital HMEs also have a home infusion...
TwelveStone ranks on Inc. 5000
August 27, 2024HME News Staff
FRANKLIN, Tenn. - For the fifth consecutive year, TwelveStone Health Partners has ranked in the Inc. 5000, coming in at No. 3810, with a three-year revenue growth of 121%. “We are thrilled to be recognized in this select group of companies,” said Shane Reeves, CEO. “TwelveStone’s mission is to improve and support patients with chronic, complex conditions through a differentiated patient experience. We attribute our exceptional growth to our incredible employees who provide...
Infusion services: Analysts see ‘shift in thought process’
August 23, 2024Theresa Flaherty, Managing Editor
YARMOUTH, Maine – Ambulatory infusion suites have become the fastest-growing segment in the home infusion and specialty pharmacy market, say analysts.
While Provident estimates that 55% of infusion services are conducted in the hospital, 30% in the home, 10% in office-based settings like physician offices and 5% in AICs, the latter is growing in the double digits, it says.
“Both from a margin perspective and the number of patients the staff can handle, I think you are...