Tag: ventilators

LAFAYETTE, La. – Viemed Healthcare is already seeing gains from its recent acquisition of Home Medical Products and the company is “orchestrating the next chapter of its growth story,” said CEO Casey Hoyt.  Viemed finalized the acquisition of Tennessee-based HMP on June 1 and has worked diligently to integrate its operations and employees, Hoyt says.  “We closed the deal and had our team up at their offices the following week and training their folks on how...

JACKSON, Miss. – BlueCross BlueShield of Mississippi has updated its policy guidance to un-cap non-invasive ventilator rentals and update oxygen rentals in accordance with CMS guidelines. The new guidelines go into effect Aug. 1, 2023, according to a bulletin from AAHomecare. The Mississippi Association of Medical Equipment Suppliers (MSAMES) has engaged in persistent advocacy with policymakers and payers in the state to strengthen access to this critically important equipment, AAHomecare says....

WHITMORE LAKE, Mich. – Trace Medical now has both feet firmly in the biomedical services space, it has officially launched its myTrace asset tracking program and its ventilator rental business is “growing like crazy,” says Elliot Campbell.  Trace Medical began offering biomed services earlier this year with its acquisitions of Medequip Service Solutions in Arkansas and Bio-One in Michigan.  “This is our full speed ahead in the biomed space,” said...

WASHINGTON – The U.S. Food and Drug Administration has announced in the Federal Register that the Emergency Use Authorization for certain ventilators and PAP and RAD devices will be in effect until Nov. 7, 2023, 180 days beyond the end of the public health emergency on May 11.  The EUA, which was issued under separate authority from the PHE, allows for certain vents, PAP and RAD devices to be used by patients, even though they haven’t gone through the formal FDA clearance process....

Philips announced on Nov. 7 that it was temporarily pausing its Trilogy 100/200 remediation program while it investigates a limited number of complaints on these units.  The company then announced on Nov. 13 that it detected two issues with corrected Trilogy 100/200 ventilators following the complaints.  Philips plans to release an RP kit in the first quarter of 2023 and subsequently start to work with authorities to resume the remediation process.    YARMOUTH, Maine...

AMSTERDAM – Philips has temporarily paused its remediation program for its Trilogy 100/200 ventilators while it investigates a limited number of complaints on remediated units.  “We anticipate a several week delay from our initial four- to six-week timeline in providing remediated devices back to our customers,” the company stated in a Nov. 7 update. “Remediating these devices in a timely manner is our top priority. In order to keep remediation progressing once our...

LAFAYETTE, La. – Viemed Healthcare is using its “high-touch, high-tech approach” to open doors to new business, including a contract with the Department of Veterans Affairs, says CEO Casey Hoyt.  “We have been awarded a solicitation contract to place our people in the homes of veterans in need of pulmonary disease management, social services and behavioral health,” Hoyt said during a recent call to discuss the company’s third quarter earnings. “The...

LAFAYETTE, La. – Viemed Healthcare reported core net revenue of $35.8 million for the third quarter of 2022, a 28% increase compared to the same period last year and a company record.  Viemed grew its ventilator patient count to 9,127, an 11% increase, representing the highest year-over-year growth rate since the beginning of the COVID-19 pandemic.  “Our impressive third quarter financial results reflect robust growth and the team’s disciplined execution of strategy,”...

CHICAGO – Advent Home Medical, a portfolio company of New Harbor, has acquired Aeratech Home Medical, a provider of home respiratory care and respiratory equipment technology.   Aeratech was founded in 1999 by Roy Neely, a respiratory therapist who wanted to reduce prolonged hospital stays for patients with complex respiratory conditions. Today, it serves approximately 1,000 patients through nine offices across Ohio and Indiana.   “This partnership is a perfect fit,”...

WHITEMORE LAKE, Mich. – Trace Medical is on the precipice of a large expansion of its business, preparing to add biomedical services for a number of respiratory products to its offerings.  The company, whose core competency is renting ventilators, has a goal of acquiring 15 repair service centers in the next 12 to 18 months, says Elliot Campbell, executive vice president and chief commercial officer.  “We have a full pipeline; we’ve begun to vet potential targets,”...