SAN DIEGO (Oct. 24, 2013)—ResMed Inc. announced record results for the quarter ended September 30, 2013. Revenue for the quarter ended September 30, 2013 was $357.7 million, a 5 percent increase (a 4 percent increase on a constant currency basis) over the quarter ended September 30, 2012. For the quarter ended September 30, 2013, net income was $80.9 million, an increase of 14 percent compared to the quarter ended September 30, 2012.
SOMERSET, Pa. (Oct. 24, 2013)—DeVilbiss Healthcare recently introduced the D100 Nasal and Full Face CPAP Masks, two new additions to its line of CPAP interfaces. These masks are created with comfort, durability and simplicity in mind for effective CPAP therapy. Available in three sizes, the D100 masks are designed with four-point adjustable headgear for a secure, customized fit.
AUBURN, Mich. (Oct. 31, 2013)—A Medicare bidding program is jeopardizing the health of Michigan senior citizens and people living with disabilities who are unable to obtain critical home medical equipment prescribed by their physicians. More than 100 Michigan Medicare patients have sought assistance from a consumer hotline, despite claims from the Centers for Medicare & Medicaid Services (CMS) that there have been few problems.
CHARLOTTE, N.C. (Oct. 30, 2013)—Rotech Healthcare Inc., a national leader in providing medical equipment and related products and services for home use, has located a new, 24,174-square-foot customer support center at 207 Regency Executive Park Drive, Suite 200, creating approximately 200 new jobs in Charlotte. Newmark Grubb Knight Frank represented Rotech Healthcare Inc. in its real estate transaction.
DENVER (Oct. 29, 2013)—CareTouch Communications, Inc., a leader in advanced patient engagement, communication and management, announced the addition of Zuri Nance as sales manager. Nance is responsible for developing and nurturing new client relationships and brings a variety of experience in research, client cultivation and contract negotiation to the CareTouch team.
BALTIMORE (Oct. 28, 2013)—CMS recently announced a 0.5 percent decrease in the interest rate on Medicare overpayments and underpayments to 10.125 percent. Except for April 17 to July 16 of this year, this is the lowest rate since 2001. Interest on overpayments and underpayments accrues from the date of the initial request for refund and is assessed for each 30-day period, or portion thereof, that payment is delayed after the initial refund request.
BALTIMORE (Nov. 1, 2013)—Although CMS is still assessing the impact of the partial government shutdown on completion of the CY 2014 Healthcare Common Procedure Coding System (HCPCS), CMS intends to publish the 2014 HCPCS Annual Update file on the HCPCS website on or before November 27, 2013. New HCPCS codes will be effective January 1, 2014, unless otherwise specified in the file.