Tag: Durable Medical Equipment (DME)

PRINCETON, N.J. – Parachute Health has earned certified status for information security by HITRUST for its Health DME ePrescribing Platform. The HITRUST risk-based, 2-year certified status demonstrates that the Parachute Health platform has met key regulations and industry-defined requirements and is appropriately managing risk. "We are committed to prioritizing security and data protection so the industry can confidently continue to adopt this game-changing technology that helps serve patients...

STRONGSVILLE, Ohio – Repair Authority is on the “offense,” says CEO Jesse Keirn, acquiring Manchester, Tenn.-based Pitcock Biomedical and planning to rebrand MSC Biomedical, which it merged with in 2022, under its own name.  Pitcock Biomedical, which was founded in 1992 and serves Tennessee and surrounding states, gives Repair Authority an outpost in the Southeast that complements its location in Strongsville, Ohio, and MSC’s locations in Houston and Forth Worth, Texas,...

DALLAS – Hospice Source, a hospice-focused durable medical equipment company founded in 1997, has promoted Tim Hines to CIO. Hines has been in the information technology and product management space for more than 25 years and has served as Hospice Source’s vice president of product and technology since June 2021, leading the successful development and deployment of the company’s new DME fulfillment system. “In addition to Tim’s strong expertise and knowledge, his heart...

NEW YORK – Matthew Taylor Witkowksi has pled guilty to conspiracy to commit health care fraud and will be sentenced April 20, according to the Department of Justice. From at least August 2019 through the date of his arrest in July 2022, Witkowski and a co-conspirator engaged in a scheme to defraud Medicare by illegally obtaining and selling fraudulent written orders for goods and services paid for by Medicare, including for durable medical equipment.  Using a call center that he owned...

DURHAM, N.C. – Healthcare Equipment Inc., a family-owned provider of custom rehab and DME, has acquired Powell Medical, a provider of pediatric-focused custom rehab and DME.  Tom Powell, who owns Powell Medical, is retiring.  “I was humbled when Tom contacted me,” said Larry Lankford, owner of Healthcare Equipment. “The fact that Tom had the faith and trust in Healthcare Equipment Inc. to continue his high level of service to the Powell Medical family of clients...

TUSTIN, Calif. – pVerify, Inc., a patient insurance eligibility solution, has released pVerify Connect with its signature same or similar claim history solution and real-time eligibility verifications for DME suppliers. Through the Salesforce app, pVerify incorporates real-time advanced eligibility, completely automating the two-step process required to fulfill orders. The same or similar solution, a flexible five-year range of Medicare claims history, allows users to submit thousands of requests...

WALTHAM, Mass. – Great Elm Group’s DME companies grew total revenue for the first quarter by 7% to $16.7 million compared to the prior-year period.  Adjusted EBITDA was $3.4 million vs. $5.1 million.  “The increase in revenue was primarily attributable to organic growth in resupply revenue, a full quarter of contributions from the MedOne acquisition and improved revenue reserves,” the company stated. “This revenue growth was achieved despite ongoing global...

MIRAMAR, Fla. – Integrated Home Care Services, an independent administrator of home health, DME and home infusion benefits, has announced that its MedTrac Home Insights and Outcomes Platform has received the silver award for the Home Care Innovator of the Year as part of the 2022 McKnight’s Excellence in Technology Awards program. The annual program celebrates outstanding innovation by skilled nursing, senior living and home care providers. "We developed MedTrac to better support our...

WALTHAM, Mass. – Great Elm Group’s DME operating companies reported $16.5 million in total revenue for the three months ended June 30, 2022, compared to $14.5 million for the same period the previous year.  The increase in revenue was primarily attributable to more favorable intake and collections processes driving lower revenue reserve rates.  DME recognized a net loss of $200,000 for the fourth quarter of FY 2022 compared to net income of $5.9 million for the same period...

 WATERLOO, Iowa – VGM & Associates has released its third playbook this year, VGM Playbook: Emerging Opportunities in DMEPOS. Opportunities in DMEPOS highlighted in this playbook include e-commerce, care in the home, home accessibility and bariatrics. “We at VGM & Associates strive to help our VGM members improve on every aspect of their business as it exists today, and to assist in looking toward and planning for the future.” says Krista McNurlen, SVP of Marketing for VGM...