FORT WORTH, Texas (September 22, 2020)—VERTESS, a health care mergers and acquisitions (M&A) advisory firm, announced the closing of four major durable medical equipment (DME) health care transactions in Q2 and Q3 2020, despite challenges brought on by the pandemic. Even during unprecedented times, 2020 has been steadily gaining momentum within the DME industry. With several successful transactions this year, traction continues to increase in this sector.
DME
GREEN BAY, Wis. (September 8, 2020)—CorLife LLC, a provider of durable medical equipment, supplies and home health care services to workers’ compensation carriers nationwide, was recognized on Inc. Magazine’s “Inc. 5000” list for the second year in a row. CorLife rose to No. 277 with three-year revenue growth of 1,615.23%
WASHINGTON, D.C. (August 28, 2020)—The Medicaid and CHIP Payment and Access Commission (MACPAC) submitted a letter to Health and Human Services (HHS) Secretary Alex Azar on the need for clear and timely guidance from the Centers for Medicare & Medicaid Services (CMS) to state Medicaid and CHIP programs when HHS elects to end the current public health emergency (PHE).
OVERLAND PARK, Kan. (August 25, 2020)—eSolutions, a health care technology company, is adding an enhancement to its Durable Medical Equipment (DME) Eligibility platform that allows DME providers to check for same or similar equipment items on multiple patients at once. This new enhancement, called Same or Similar Batch, verifies all Medicare HCPCS codes, including A, L and V codes, for same or similar equipment items.
SAVANNAH, Ga. (July 15, 2020)—A Florida man who operated a durable medical equipment company has been charged for his alleged participation in a Medicare kickback and telemedicine fraud scheme.
ASHEVILLE, N.C., (July 2, 2020)—Aeroflow Healthcare, a nationwide provider of durable medical equipment (DME), announced a donation of $10,000 to the Junior League of Charleston Diaper Bank.
WASHINGTON, D.C. (June 26, 2020)—On May 8, the Centers for Medicare & Medicaid Servics (CMS) published the second Interim Final Rule (IFR) that provided further relief and clarification for health care providers during the COVID-19 Public Health Emergency. Specifically for DMEPOS, the IFR included the following provisions:
BRADENTON, Fla, (June 5, 2020)—Tyton Design & Development, originally a wheelchair accessory manufacturer, announced that they are focusing on providing facemasks throughout the United States. Due to recent events, the average person is at a loss to find proper protection during the pandemic. Tyton decided to do its part for the community, and now the nation. Already providing thousands of masks across Florida, Tyton decided to open its doors to individuals across all fifty states.
OWINGS MILLS, Md. (June 3, 2020)—The Board of Certification/Accreditation (BOC) launched a new live, remote proctored testing option, enabling certification candidates to complete their exams online–using their home or office computer–and earn BOC certification.
SAVANNAH, Ga. (April 29, 2020)—A Georgia woman who operated a telemedicine network through two companies has been charged for her alleged participation in an ever-growing health care and telemedicine fraud scheme.
AGAWAM, Massachusetts (April 2, 2020)—dmetrain, the employee education expert for medical equipment providers, is offering a free training course on COVID-19.
The course, which is available online here, will be updated about weekly to stay up with the quickly evolving public health crisis.
ASHEVILLE, N.C. (December 04, 2019)—Aeroflow Healthcare, a durable medical equipment (DME) provider, announced a strategic partnership with MTI America, a health care solutions leader specializing in worker’s compensation programs since 1992.
Winter Park, Fla. (October 14, 2019) — Lisa Maciolek has been named National Account Manager for HomeCare Connect, which manages home health services, including durable medical equipment, home modification, and prosthetics and orthotics, in the workers’ compensation industry. She is responsible for managing national client relationships and implementing new concepts and services.