NEW YORK (November 23, 2020)—In the wake of several private treaty bulk sales and an initial single-facility auction, Tiger Group will be conducting online auctions in December for the remaining $7 million in inventories plus other assets from two East Coast facilities operated by American Medical Depot (AMD), a major distributor of medical equipment and supplies that is now winding down its business.
HomeCare News
WASHINGTON, D.C. (November 23, 2020)—Today, the Centers for Medicare & Medicaid Services (CMS) finalized changes to outdated federal regulations that have burdened health care providers with added administrative costs and impeded the health care system’s move toward value-based reimbursement.
WASHINGTON, D.C. (November 23, 2020)—Beginning on Jan. 1, 2021, through the VBID Model, participating Medicare Advantage Organizations (MAOs) can voluntarily participate in the Hospice Benefit Component of the Model, according to a November 13 transmittal (10458/CR 12045) from the Centers for Medicare & Medicaid Services (CMS).
WASHINGTON, D.C. (November 23, 2020)—The Home Care Association of America (HCAOA) is excited to announce a new membership benefit called Agency Momentum, a monthly webinar series designed to help agency owners focus on growing their businesses. This new benefit will be available to existing 2020 members and new 2021 members.
DALLAS (November 20, 2020)—Homecare Homebase (HCHB) and eMDs announced an exciting new partnership that will further enhance HCHB’s mission to increase efficiency and empower exceptional patient care. As part of the partnership, HCHB will offer the eMDs Aprima 2015 Certified EHR solution to providers working with patients in hospice and palliative care settings.
CHESHIRE, Conn. (November 20, 2020)—Assisted Living Services, Inc. (ALS) has been honored as an outstanding national workplace by the Great Place to Work Institute, an independent research and consulting firm.
RICHMOND, Va. (November 20, 2020)—Governor Ralph Northam has signed Virginia’s 2021-2022 budget containing an amendment requiring Medicaid Managed Care Organizations (MCOs) to reimburse home medical equipment (HME) providers at a minimum of 90% of the State’s Medicaid fee schedule effective July 1, 2021.
ASHEVILLE, N.C. (November 19, 2020)—Aeroflow Healthcare, a nationwide provider of durable medical equipment (DME), announced a donation of $10,000 to assist in the buildout of a local inclusive playground. This donation will help to fund a local Eagle Scout project aimed at revamping the current playground at Lake Tomahawk Park in Black Mountain, North Carolina.
WASHINGTON, D.C. (November 18, 2020)—The American Association for Homecare (AAHomecare) urged government officials to include DMEPOS suppliers in the Phase 1 Distribution of COVID-19 vaccine for front-line health care personnel.
DALLAS, Texas (November 18, 2020)—Dallas-based AccentCare and Rosemont, Illinois-based Seasons Hospice & Palliative Care (Seasons), along with Advent International, one of the largest and most experienced global private equity investors and owner of AccentCare, announced they have signed a definitive agreement to combine their two robust organizations.
WASHINGTON, D.C. (November 18, 2020)—The Centers for Medicare & Medicaid Services (CMS) announced that the Medicare Fee- For-Service (FFS) improper payment rate has continued to decline, the fourth year Medicare FFS improper payment rate has been below 10%, the threshold for compliance established in the Payment Integrity Information Act of 2019.
CHICAGO (November 18, 2020)—Blipcare, the company that developed the world's first Wi-Fi blood pressure monitor, announced availability of its new cellular blood pressure monitor, the Blip BP800. The Blip BP800 is specifically designed to serve patients who need Remote Patient Monitoring (RPM). It requires neither setup nor cables to plug in. The monitor is the only product of its kind on the market that supports multiple users - and even guest users.
NETANYA, Israel (November 18, 2020)—Eitan Group announced that, as of Nov.16, 2020, it has rebranded, consolidating its product lines under the new Eitan Medical brand. Eitan Medical is a global provider of advanced infusion therapy solutions across the care continuum.
CAESAREA, Israel (November 17, 2020)—Itamar Medical Ltd., a medical device and digital health company leading the integration of sleep apnea management into the cardiac patient care pathway, today announced the preliminary results from two large claims database studies that demonstrated the significant health economic benefits of effective sleep apnea management for patients with chronic cardiovascular diseases.
ATLANTA (November 17, 2020)—Medtrade Account Executive York Schwab will take on the role of show director for the nation’s largest home medical equipment-focused trade show, replacing Mark Lind. “Mark was a huge part of our team who taught me a lot,” Schwab says, “and he will certainly be missed.”
SAN DIEGO, Calif. (November 17, 2020)—Independa, innovators of the award winning TV-based social engagement, education and care platform, today announced the results of a commissioned U.S. consumer survey, finding COVID-19 has had a critical impact on older adults' mental health and physical health.
NEW YORK, (November 17, 2020)—The COVID-19 global pandemic has shed light on significant needs within the home healthcare industry. At the same time, societal and cultural changes have accelerated a demand for new ways to take care of the elder population who are staying at home more than ever before.
AMSTERDAM (November 17, 2020)—Royal Philips, a global provider of health technology, today announced findings from its first ever World COPD Day survey ahead of the awareness day on November 18. Philips surveyed more than 4,000 adults in China, India, Russia and the U.S. to gather insights on global awareness of respiratory conditions, such as chronic obstructive pulmonary disease (COPD), and how the COVID-19 pandemic has influenced overall perceptions of respiratory health.
WASHINGTON, D.C. (November 13, 2020)—The Centers for Medicare & Medicaid Services (CMS) announced that Medicare beneficiaries can receive coverage of monoclonal antibodies to treat coronavirus disease 2019 (COVID-19) with no cost-sharing during the public health emergency (PHE). CMS’s coverage of monoclonal antibody infusions applies to bamlanivimab, which received an emergency use authorization (EUA) from the U.S. Food and Drug Administration on Nov. 9.
FRISCO, Texas (November 13, 2020)—Addus HomeCare Corporation, a provider of homecare services, has announced the signing of a definitive agreement to acquire Queen City Hospice, LLC, and its affiliate Miracle City Hospice, LLC (together Queen City Hospice) for a cash purchase price of $192.0 million, representing $162.8 million of value, net of the present value of $29.2 million in estimated tax benefits.
