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Benchmarking HME

Do you know whether your home medical equipment business is being run efficiently and profitably?

HomeCareXtra

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Getting Back To Business

The effects of Medicare's competitive bidding delay are a complicated matter.

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Acquisitions and Alliances

EquipNet Inc., Sharon Hill, Pa., has signed an exclusive capitated three-year agreement with United HealthCare of South Florida, a managed care organization that is part of United HealthCare, Minneapolis. Under the agreement, EquipNet's provider network will provide home nursing, respiratory, infusion, rehab and women's health care services, in addition to home medical equipment, wound care, ostomy, urological and diabetic supplies.

HealthCor Holdings, Dallas, has sold its Espanola, N.M., location to Chicago-based Addus HealthCare for about $1.2 million. The location provides custodial home care services to New Mexico's Medicaid beneficiaries.

Option Care, Bannockburn, Ill., has signed a contract with Lincoln Re's Special Alternatives to provide home infusion therapy to the companies that reinsure health care through Lincoln Financial Group, a Fort Wayne, Ind.-based life and health reinsurance company. The one-year contract will cover about 6 million people, officials said. Financial terms of the agreement were not disclosed.

The Med Group, Lubbock, Texas, has added Joplin (Mo.) Medical Enterprise as an independent full-service member. In addition, 13 independent purchasing network members have joined. They are: All Active Mobility, Riverside, Calif.; AM Health Group, Stratford, Conn.; Berkan Medical, Bellingham, Wash.; Cape Medical Supply, Sandwich, Mass.; Farrell's Home Health Centers, Bremerton, Wash.; Interphase Medical Equipment, Philadelphia; Lynay Healthcare, Selma, Texas; Regional Medical, Alexandria, La.; Conlin's Pharmacy, Methuen, Mass.; Bach's Home Health Supply, Hackettstown, N.J.; Provide Medical, Earth City, Mo.; and Step Two Medical, Wolfeboro, N.H.

New York Health Care, Brooklyn, N.Y., has begun providing home attendant services for Medicaid patients under an $11 million, one-year contract with the city of New York. The deal, which is the company's largest-ever contract, increases its revenue by more than 50 percent, officials said.

Coram Healthcare, Denver, has entered into an agreement with Blue Cross and Blue Shield of Colorado to provide home infusion therapy to 474,000 beneficiaries in the Denver area. Service will be provided through Coram's Englewood, Colo., service center.

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