Tag: Mike Shapiro
Option Care: Higher costs are ‘new world order’
February 24, 2023Theresa Flaherty, Managing Editor
BANNOCKBURN, Ill. – Option Care Health closed out 2022 with $294 million in cash on hand, despite inflationary pressures across the broader economy, said company execs on a recent call to discuss their financial results.
Conservatively, the company “digested” more than $40 million in year-over-year cost pressures in labor, medical supplies, oil-derived products and operating inputs. Those increased costs are likely here to stay, says CFO Mike Shapiro.
“We...