Tag: ResMed
ResMed adds AirSense 11 to e-shop
November 22, 2024Liz Beaulieu, Editor
SAN DIEGO – ResMed has added the AirSense 11 to its e-shop for cash purchase in a move that has upset providers who say they are still on allocation for this CPAP device.
When contacted by HME News, a company spokesperson confirmed that the AirSense 11 joined the AirSense 10 and AirMini, as well as numerous masks and accessories, on the company’s e-shop on Oct. 28.
“The expansion of our online shop reflects our broader commitment to developing a holistic channel...
ResMed targets resupply, rePAP for growth
October 25, 2024Liz Beaulieu, Editor
SAN DIEGO – ResMed is redoubling efforts to increase resupply with plans to make Snap, a software platform that monitors orders, performance and patient eligibility in real-time, available to all HME providers, not just those using Brightree.
The company reported a “really solid” 10% increase in sales for mask and accessories in the United States, Canada and Latin America for the first quarter of fiscal year 2025, on an “extraordinary comp” of 23% for...
ResMed highlights ‘ongoing momentum’
October 25, 2024HME News Staff
SAN DIEGO – ResMed’s revenue increased by 11% to $1.2 billion for the first quarter of 2025.
It reported net income of $311.4 million, a 42% increase.
Other results:
Gross margin improved 420 bps to 58.6%; non-GAAP gross margin improved 320 bps to 59.2%
Income from operations increased 34%; non-GAAP income from operations up 27%
Operating cash flow of $326 million
Diluted earnings per share of $2.11; non-GAAP diluted earnings per share...
In brief: Geriatric Medical buys DDP, ResMed talks strategy, NCPA launches new PBM ad
October 2, 2024HME News Staff
WOBURN, Mass. – GMSS, the parent company of Geriatric Medical & Surgical Supply, has acquired DDP Medical Supply, significantly expanding its footprint and forming what it says is “the nation’s leading medical supply distribution networks focused on chronic, post-acute and home care providers.”
Both companies will maintain their unique brands and market-focused solutions, while benefiting from increased scale, enhanced distribution infrastructure and expanded service...
ResMed announces strategy, outlook
October 1, 2024HME News Staff
SAN DIEGO – ResMed unveiled its 2030 strategy to drive growth, profitability and shareholder returns, including investing 7% in R&D, at an Investor Day in New York City.
The company also announced its five-year revenue and earnings growth outlook, reflecting its plans to accelerate product and technology innovation, operational excellence, commercial execution and financial strength.
“By building on our leadership in connected digital health, our 2030 Strategy will further...
ResMed launches smartwatch app, health concierge, travel gear & fabric mask
September 30, 2024HME News Staff
SAN DIEGO – ResMed has launched several patient-centric products designed to enhance their therapy for sleep apnea, including several new features for its myAir App. New features for myAir include smartwatch apps for Apple and Android, sleep staging from Apple Health and Health Connect, personalized coaching and holistic trending. “We know that digital wearables and other innovative technologies like AI can help consumers better understand their sleep habits and create a personalized...
In brief: Not guilty verdict, Tandem Diabetes recall, Healthcare Growth Group launch
August 23, 2024HME News Staff
SAN ANTONIO – Kuba Zarobkiewicz and Anthony Fermin, owners of DME companies, have been found not guilty of health care fraud, violations of the Anti-Kickback Statute and conspiracy charges by a federal jury.
Zarobkiewicz and Fermin ran brace businesses through multiple companies beginning in 2020 and then voluntarily shut them down in late 2021. They began cooperating with a law enforcement investigation in September 2022 and then were charged in December 2022 in the Western District...
ResMed taps Billing Platform
August 22, 2024HME News Staff
DENVER – Billing Platform, an enterprise revenue lifecycle management platform, has announced that ResMed has selected its platform to automate its billing and subscription management, eliminating manual processes and reducing the risk of revenue leakage. ResMed is applying this digital health expertise more broadly through its SaaS business, offering comprehensive software platforms that support healthcare providers in settings outside of the hospital. "As our subscription offerings expand...
ResMed expands board of directors
August 19, 2024HME News Staff
SAN DIEGO – ResMed has expanded the size of its board of directors to 11 and has elected Christopher DelOrefice to the board. DelOrefice, who currently serves as executive vice president and CFO of Becton, Dickinson and Company, was appointed during ResMed’s regularly scheduled board meeting on Aug. 15 and will stand for re-election with the rest of the company’s directors at its annual meeting on Nov. 21. “Chris has proven himself an experienced global leader in corporate...
ResMed: Demand is ‘incredibly strong’
August 1, 2024HME News Staff
SAN DIEGO – ResMed reported revenues of $1.2 billion for the fourth quarter of fiscal year 2024, a 9% increase year over year.
It reported a net income of $292.2 million vs. $229.7 million.
“Our fourth quarter and full-year fiscal year 2024 results demonstrate strong performance across all sectors of our business,” said Mick Farrell, chairman & CEO. “Ongoing patient and customer demand for our best-in-class products and software solutions is incredibly strong,...