WASHINGTON—The American Association for Homecare (AAHomecare) released a comprehensive survey report detailing the impact of Medicare reimbursement cuts for home medical equipment (HME) suppliers that took effect on Jan. 1, 2024.
CHARLOTTE, North Carolina—As the home medical equipment (HME) market continues to expand, providers face growing challenges in revenue collection, impacting profit margins. Increased regulation and complexity in navigating payer reimbursement requirements, particularly with Medicare Advantage (MA) and commercial payers, are driving reimbursement down, while the challenges of recruiting and retaining skilled billing and collections staff have escalated costs.
DUBLIN, Ohio—Nymbl Systems, a software company dedicated to delivering better business outcomes for those who enable better health and mobility, announced the launch of the industry's first Single-Page Patient Intake capability.
CALIFORNIA—SG Homecare, Inc., a provider of in-home medical equipment (HME) and supplies, announced the acquisition of Western Drug Medical Supply. This move unites two industry leaders, creating a platform to dramatically scale a leading force in Southern California's homecare market.
The combined entity boasts:
COLUMBUS, Ohio—Military medical equipment supplier JANZ Corporation is expanding into the consumer home medical equipment (HME) market through the acquisition of Mullaney’s Medical Supply, a locally owned and operated company that has served the Greater Cincinnati area since 1936.
ST. LOUIS, Missouri— Responsive Respiratory Inc. (RRI) announced the addition of a new oxygen analyzer to its portfolio of high-pressure respiratory oxygen products.
CINCINNATI—Quipt Home Medical Corp. (the “Company”) (NASDAQ: QIPT; TSX: QIPT), a U.S.-based home medical equipment provider, focused on end-to-end respiratory care, today announced its fourth quarter and fiscal year 2023 financial results and operational highlights. These results pertain to the three months and year ended Sept. 30, 2023, and are reported in United States dollars ("$", "dollars" and "US$") and have been rounded to the nearest hundred thousand.
CHARLOTTE, North Carolina—Joerns Healthcare, a vertically integrated, provider of medical equipment and services to U.S. post-acute care, announced it will refocus the entirety of its resources on its medical equipment sales and services business. The strategy requires a planned exit of its institutional long-term care rental services business and customer notifications began Nov. 20.
RICHMOND, British Columbia—On Tuesday, Nov. 1, HME Home Health, collaborating with Motion, held a one-day conference highlighting Pediatric Equipment at the Executive Inn in Burnaby.
BOULDER, Colorado—Quality Biomedical, a biomedical equipment service provider in the home medical equipment (HME) and post-acute markets, is expanding into larger facilities in the Dallas/Ft. Worth area to meet the growing demand for its services.
WHITMORE LAKE, Michigan—Trace Medical, a provider of advanced respiratory rentals and biomedical services, has announced a long-term distribution agreement with Outset Medical to rent the Tablo Hemodialysis System to home medical equipment (HME) providers.
As part of this agreement, Trace Medical will leverage its national distribution network to offer HME providers exclusive access to rent Tablo and meet the growing demand of dialysis patients seeking treatment at home.
FREEHOLD, New Jersey—Avalon GloboCare Corp.
PHILADELPHIA—Medical Guardian, a provider of personal emergency response systems (PERS) and health care engagement services, announced the launch of the newest product in its lineup of medical alert solutions—the MGMini Lite. Weighing less than an ounce, this device is designed to address the dynamic and evolving needs of aging adults and caregivers.
ANNAPOLIS, Maryland—Acuity Medical announced it is hosting a one-day event for its home medical equipment (HME) customers on Wednesday, Nov. 8. The event will combine education, new product launches, industry updates, sales training, panel discussions and peer networking time. Manufacturers attending include Golden Technologies, Nova, Stander, Pedifix, Strongback, Liviliti, ARJO and others.
As cost pressures continue to impact the home medical equipment (HME) community, AAHomecare is launching a nationwide survey to gather intel on the rising costs of products, shipping and labor for those providing home oxygen equipment, CPAP devices and/or hospital beds to end users; aggregated information will be used in advocacy efforts.
In a strategic move to strengthen awareness of the critical importance of high-quality, home-based care, AAHomecare announced a new area of focus that will be guided by accomplished industry professional Ashley Plauché, who assumes the role of senior Director of Brand Marketing.
LAFAYETTE, Louisiana—Viemed Healthcare, Inc. (the “company” or “Viemed”), a respiratory care and technology-enabled home medical equipment services company, reported its financial results for the three and six months ended June 30, 2023.
Operational highlights (all dollar amounts are USD):
CINCINNATI—Quipt Home Medical Corp. a U.S.-based home medical equipment provider, focused on end-to-end respiratory care, announced that members of its management team will host a webcast fireside chat and participate in one-on-one meetings at the 43rd Annual Canaccord Growth Conference on August 9-10. The conference will be held in person at the InterContinental Boston.
Webcasted Fireside Chat
