Tag: Home medical supplies
Gilgal Medical ‘frees’ itself from insurance
February 7, 2025Theresa Flaherty, Managing Editor
ORLANDO, Fla. – Gilgal Medical Supplies recently transitioned to a retail sales and wholesale distribution model for medical supplies, a decision made necessary by the increasing burdens associated with billing insurance, says Tom Chacko, vice president.
“The time and the resources needed to do all (the required paperwork), when you consider the reimbursement, financially, it's not feasible,” he said.
Chacko spoke with HME News about the company’s decision.
HME...
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...
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...
Medline eyes IPO
January 2, 2025HME News Staff
NORTHFIELD, Ill. – Medline has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.
The number of shares to be offered and the price range for the proposed offering have not yet been determined. The offering is subject to market and other conditions and the completion of the SEC's review process.
In 2021, Medline announced it had received outside...
Gilgal drops insurance to focus on retail
December 31, 2024HME News Staff
ORLANDO, Fla. – Gilgal Medical Supplies will no longer accept insurance for medical supplies. The decision, effective immediately, comes after years of increasing challenges associated with insurance reimbursement processes. "Providing durable medical equipment and supplies for thousands of patients has always been at the core of our mission," said Thomas Chacko, vice president. "However, the constant denials, excessive documentation requests, unnecessary audits, and recoupment...
Direct Supply’s Nick Bush joins HIDA council
December 31, 2024HME News Staff
MILWAUKEE – Direct Supply has announced that Nick Bush, vice president of sales, homecare, has been appointed vice chair of the Health Industry Distributors Association's Home Care Advisory Council. The council builds the value of distribution channels to patients and providers in the home care setting and helps to develop the annual Home Care Market Report, according to HIDA’s website. “We are confident that (Nick’s) experience and vision will help drive meaningful discussions...
Medline inks new partnership agreement
December 19, 2024HME News Staff
NORTHFIELD Ill. – Medline has signed a new prime vendor agreement with Louisiana-based Central Management Company, which oversees skilled nursing homes, home care agencies and rehabilitation services. Medline will serve as the primary supplier for Central Management Company’s 22 skilled nursing facilities and home health agencies across Louisiana. “This partnership between Medline and Central Management Company represents a shared vision to enhance care quality and operational efficiency...
Henry Schein expands supplies platform with Acentus
November 20, 2024HME News Staff
MELVILLE, N.Y. - Henry Schein has signed an agreement to buy Tampa, Fla.-based Acentus, a national supplier specializing in delivering continuous glucose monitors (CGMs) with $35 million in annual revenue.
Along with its previous acquisitions of Prism Medical Products in 2021 and Shield Healthcare and Mini Pharmacy in 2023, Henry Schein now expects its home medical supply platform to have annual revenue of about $350 million.
“As the delivery of health care in the U.S. is...
Aeroflow, United Way coordinate thousands of boxes of supplies
October 28, 2024HME News Staff
ASHEVILLE, N.C. – Aeroflow Health has partnered with United Way of Asheville and Buncombe County, among other organizations, to provide immediate relief and supplies following the aftermath of Hurricane Helene. Aeroflow Health and United Way quickly collaborated to open a warehouse donation site just days after historic flooding in Western North Carolina devastated the area. In just 15 days, there were more than 700 volunteer responses and more than 2,600 boxes of essential supplies, such as...
Cardinal Health opens new at-Home Solutions distribution center
August 28, 2024HME News Staff
DUBLIN, Ohio – Cardinal Health has opened a new 350,000-square-foot distribution center in Greenville, S.C., dedicated to its at-Home Solutions business.
It is the largest distribution center supporting at-Home Solutions to date and only the second center the business has built from the ground up.
“There’s tremendous growth opportunity as health care continues to shift to the home,” said Rob Schlissberg, president, Cardinal Health at-Home Solutions....