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.
HME
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.
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.
WINTER HAVEN, Fla. (November 11, 2020)—3B Medical is pleased to welcome Katherine Royster to the 3B Medical team in the position of Vice President of Sales and Marketing. In this role Royster will execute our marketing and sales strategy in the U.S. market and lead the company’s independent sales representatives across the country.
WASHINGTON, D.C. (October 27, 2020)—Today, the Centers for Medicare & Medicaid Services (CMS) announced the single payment amounts (SPAs) for the Off-The-Shelf (OTS) Back Braces and OTS Knee Braces product categories included in Round 2021 of the Durable Medical Equipment, Prosthetics, Orthotics, and Supplies (DMEPOS) Competitive Bidding Program (CBP) and began awarding contracts in certain competitive bidding areas (CBAs).
PHILADELPHIA (October 27, 2020)—Essity, a global hygiene and health company and the maker of TENA incontinence and skin care products, announced that the company is beginning a pilot program of its TENA SmartCare Change Indicator, a new digital health technology that reduces the need for manual checks of incontinence products through a digital sensor linked to a smartphone app. The pilot program follows the product’s regulatory clearance by the U.S.
CARY, N.C. (October 21, 2020)—In a historic move, Accreditation Commission for Health Care (ACHC) and Healthcare Facilities Accreditation Program (HFAP) are joining to form a single company with the programs, knowledge and resources to provide complete, quality accreditation and certification services to health care providers globally across the entire continuum of care. HFAP will operate as a brand within ACHC, and collectively the organization will be known as ACHC.
WATERLOO, Iowa (October 19, 2020)—VGM & Associates is offering a virtual conference platform to the home medical equipment (HME) state associations for their upcoming winter and spring conferences.
WASHINGTON, D.C. (October 7, 2020)—The Department of Health and Human Services (HHS) opened the $20 billion Phase 3 General Distribution under the Provider Relief Fund (PRF) on Monday, Oct.5th.
WASHINGTON, D.C. (September 24, 2020)—Home medical equipment (HME) suppliers have received a notice from the CBIC indicating that that Competitive Bidding Round 2021 “contract offers and disqualification information would soon be provided” in Connexion and encouraging suppliers to make sure their CMS Enterprise Portal information was up to date.
CHICAGO, IL (September 22, 2020)—Medical products distribution company Health Mobius has expanded its full-service e-commerce solutions designed to support pharmacies and providers of home medical equipment (HME) nationwide in response to COVID-19.
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.
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%