TUCSON, Arizona (July 1, 2015)—Health care M&A advisory firm Vertess announced the closing of two acquisitions by Patient Home Monitoring (PHM), a health care company with $200 million annualized revenue and a focus on diverse products and services that improve outcomes, reduce hospital readmissions and help control costs.
HomeCare News
BALTIMORE, Maryland (July 8, 2015)—CMS released the first proposed update to the physician payment schedule since the repeal of the Sustainable Growth Rate through the Medicare Access and CHIP Reauthorization Act of 2015 (MACRA).
The proposal includes a number ofprovisions focused on person-centered care, and continues the Administration’s commitment to transform the Medicare program to a system based on quality and healthy outcomes.
LENEXA, Kansas (July 6, 2015)—Mediware Information Systems Inc., a provider of comprehensive post-acute care health care software, announced the immediate availability of an integrated patient pay solution for users of their CPR+ pharmacy software.
PITTSBURGH, Penn. (July 9, 2015)—Rotech Healthcare Inc. (Rotech) announced it has purchased the respiratory equipment assets of Alert Medical in Ft. Myers and Naples, Florida.
“The momentum continues,” said Tim Pigg, CEO of Rotech. “We are thrilled to be expanding our footprint in these service areas.”
Duckridge Advisors served as the M&A adviser to Alert Medical.
BOSTON, Mass. (July 7, 2015)—Think Global recently recognized Brownmed as one of six "Exporter of the Year" award winners in its most recent issue of Exporter USA magazine. Among other factors, winners were selected based on “total number of documented export deals completed, the company’s commitment to exporting and the company’s innovation and originality in marketing products or services.”
RICHMOND, Virginia (July 6, 2015)—Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of TIDI Products, LLC (TIDI) a portfolio company of J.H. Whitney Capital Partners (J.H. Whitney) to RoundTable Healthcare Partners (RoundTable).
DAVISON, Michigan and ATLANTA (July 6, 2015)—Universal Software Solutions announced a partnership with Prometheus Group, an outcomes-based billing services provider. The partnership will benefit health care providers using Universal Software Solutions’ Healthcare Data Management System (HDMS) in the home health care markets of DME, home infusion, pharmacy and mail order.
PHOENIX, Ariz. (July 9, 2015)—Vantage Mobility International (VMI) recently honored Tiger Desmarais with a Lifetime Achievement award for his 20 years of service to the organization and the mobility industry. Along with a key to the company, VMI surprised Tiger with a new silver 2015 Toyota Sienna with their patented Northstar Access360 conversion.
WASHINGTON, D.C. (July 6, 2015)—With less than three months remaining until the nation switches from ICD-9 to ICD-10 coding for medical diagnoses and inpatient hospital procedures, The Centers for Medicare & Medicaid Services (CMS) and the American Medical Association (AMA) are announcing efforts to continue to help physicians get ready ahead of the October 1 deadline.
WASHINGTON, D.C. (July 9, 2015)—The newest version of the 21st Century Cures bill now includes language to extend the CMS power wheelchair prior authorization demonstration. With the current demonstration ending this August, the new provisions would extend the demo through at least Aug. 31, 2018, and add more states, power mobility devices and accessories.
Webinar July 14, 2015
Accountable Care Organizations: What They Mean to DME Suppliers
Presented by: Jeff Baird, Brown & Fortunato, P.C. Webinar, July 14, 2015, 2:30-4 p.m. EST
ATLANTA (July 7, 2015)—Sheldon (Shelly) Prial has been to all but one Medtrade, and the 88-year-old HME legend has decided to make this year’s show his last.
As Medtrade Ambassador for many years, Prial and his wife, Thelma, have come to represent the sense of community that Medtrade is all about.
ATLANTA (July 6, 2015)—The first week of early registration for Medtrade, the fall edition of the nation’s premiere HME trade show, started strong with hundreds taking advantage of lower rates. The show will once again be held in its familiar home at the Georgia World Congress Center in Atlanta, from October 26-29, 2015.
OLD FORGE, Penn. (July 6, 2015)—Golden Technologies has expanded its marketing department with the hiring of Timothy Robinson as its new director of digital media.
ALGONA, Washington (July 1, 2015)—EZ-ACCESS announced the addition of colors to its line of Transitions Angled Entry Mats. Using a specially engineered binding process, EZ-ACCESS is now able to add color options to its line of threshold ramp options. In addition to black, Angled Entry Mats are now available in Hazelnut Brown and Storm Grey, colors that provide a welcome mat that is not only durable and purposeful, but also complements the exterior of most homes.
BOISE, Idaho (July 1, 2015)—Best Bath Systems, a manufacturer of showers and bathtubs, announces “Need-It-Now,” a 24-hour turnaround program for those customers who need a complete shower system shipped right away.
BALTIMORE, Maryland (June 30, 2015)—The Centers for Medicare & Medicaid Services (CMS) published 2014 Open Payments data about transfers of value by drug and medical device makers to health care providers. The data includes information about 11.4 million financial transactions attributed to more than 600,000 physicians and more than 1,100 teaching hospitals, totaling $6.49 billion.
WASHINGTON, D.C. (July 1, 2015)—On July 1, Kim Brummett, AAHomecare vice president of regulatory affairs, led a group of AAHomecare members in a meeting with CMS Deputy Administrator and Director of the Center for Medicare, Sean Cavanaugh, to discuss the expansion of single payment amounts (SPAs) to complex rehab accessories in January 2016.