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National Seating & Mobility up for sale?

HME News - Thu, 05/19/2016 - 10:04
05/19/2016HME News Staff

NASHVILLE, Tenn. – Wellspring Capital Management is shopping for a buyer for National Seating & Mobility, according to news reports.

The private equity firm has hired Piper Jaffray, an investment bank and asset management firm offering M&A services, to find a buyer for the complex rehab provider, which it says could be worth $400 million, according to an item on Fortune.com citing The Wall Street Journal.

Wellspring Capital acquired NSM in early 2013. At the time, the provider had 68 branches located across 30 states.

Since then, NSM has rolled up dozens of mobility providers, including, most recently the complex rehab division of Webb Medical Systems in Reading and Allentown, Pa., in February, and Home Medical Equipment in Garden City, N.Y., last November.

NSM has also thrown its hat into the home accessibility market, launching AccessNSM in October. AccessNSM offers stair lifts, wheelchair lifts, ramps, door openers and barrier-free showers through seven locations from Massachusetts to North Carolina.

Bill Mixon took over the reins as CEO of NSM from founder Mike Ballard in July 2015.

CMS: Data shows payment amounts not an issue

HME News - Wed, 05/18/2016 - 13:07
Providers are accepting assignment, so the reimbursement must be adequate, agency reasons05/18/2016HME News Staff

WASHINGTON – CMS announced this week that it believes reimbursement cuts implemented Jan. 1 in non-competitive bidding areas have not had a negative effect on beneficiary access.

CMS compared the rate of assignment of claims for DMEPOS items for the first four months of 2015, which were paid at the unadjusted fee schedule rates, to the rate of assignment of claims for the same items for the first four months of 2016, which were paid at the new partially adjusted rates. 

“The monitoring data shows that suppliers in all areas where the adjusted DMEPOS fee schedule rates have been implemented have continued to accept these adjusted rates as payment in full, suggesting that the adjusted fee schedule rates continue to be more than adequate in covering the costs of furnishing the DMEPOS items in all areas,” the agency stated.

On Jan. 1, Medicare began paying for HME in regional and rural areas based on a 50/50 blend of the current fee schedule and adjusted rates from its competitive bidding program. On July 1, it will base pricing 100% on adjusted rates.

Overall, there was no change in the rate of assignment for the first four months in 2016 (99.88%) compared to the first four months in 2015 (99.87%). There was also no change in the rate of assignment in rural areas in 2016 (99.9%) compared to 2015 (99.9%). The rate of assignment in non-contiguous areas changed slightly in 2016 (99.81%) compared to 2015 (99.90%).

“CMS believes that the fee schedule adjustments implemented in January have not had a negative impact on beneficiary access to quality items and services,” stated the agency.

CMS says it will continue to monitor data.

ResMed connects vents

HME News - Tue, 05/17/2016 - 09:20
Up next: portable oxygen concentrators05/17/2016HME News Staff

SAN DIEGO – ResMed already offers CPAP devices with cloud connectivity and soon it will offer life support ventilators with the same capabilities.

The company announced at the American Thoracic Society conference this week that it plans to bring cloud connectivity and its remote patient monitoring software, AirView, to its Astral life support ventilators later this year.

“Cloud connectivity is a major factor in the future of health care,” said Raj Sodhi, president of the ResMed’s Healthcare Informatics business unit. “We’ve seen the great impact that ResMed’s AirView has had on patient outcomes and business efficiencies related to managing sleep apnea and other respiratory conditions.”

ResMed already has more than 2.5 million of those patients monitored through AirView.

Cloud connectivity will allow physicians and HME providers to access key patient data to better manage and improve the outcomes of the thousands of patients who currently rely on Astral vents at home. They will have the option of accessing patient data through AirView or the ResMed Data Exchange, which allows them to integrate their own electronic medical records with AirView.

Select customers are currently piloting cloud connectivity on Astral vents.

Next, ResMed plans to bring cloud connectivity to the portable oxygen concentrators of Inova Labs, which it acquired earlier this year.

Gut Health and Antibiotics

Long Term Care Link - Sun, 05/15/2016 - 19:00
Most people do not think about gut health. In fact, the majority of people don't know what gut health is.

What Should I Expect to Pay for Funeral and Burial Expenses

Long Term Care Link - Sun, 05/15/2016 - 19:00
A common goal among many aging seniors and their families is to put money aside for funeral and burial expenses.

Arthritis Among Seniors

Long Term Care Link - Sun, 05/15/2016 - 19:00
Arthritis affects millions of people of all ages, including children (1 in every 250 children in the United States each year).

Parkinsons Disease

Long Term Care Link - Sun, 05/15/2016 - 19:00
In the U.S., over one million Americans suffer from Parkinsons disease (approximately 10 million worldwide).

What to Do When an Aging Loved One Dies

Long Term Care Link - Sun, 05/15/2016 - 19:00
If and when my parent passes away,which will likely take place in my own home, I wouldnt know what to do.

How Elder Law Can Help You

Long Term Care Link - Sun, 05/15/2016 - 19:00
The specialty of Elder Law is becoming more important as our population ages. People are living longer, but in many cases, are not living better.

Home the Desired Setting for Elder Care

Long Term Care Link - Sun, 05/15/2016 - 19:00
Most of those receiving long-term care and most caregivers prefer a home environment.

Is Medicaid Planning Ethical?

Long Term Care Link - Sun, 05/15/2016 - 19:00
As in any area of consumer spending, knowing what to look for and what strategies to use in arranging for paid care services can often result in saving money.

Fall Prevention and Coping after a Fall

Long Term Care Link - Sun, 05/15/2016 - 19:00
Age related physical changes, mental conditions, health conditions, and even medications increase the risk of injury. Falling is the leading cause of injury among seniors ages 65 and older.

Vietnam and PTSD - 40 Years Later

Long Term Care Link - Sun, 05/15/2016 - 19:00
40 years ago - May 7th - marked the end of the Vietnam War. Many of those alive 40 years ago can still easily recall where they were on the 7th of May and what they were doing on that memorable day.

VA Is Looking for Authority from Congress to Institute a 3 Year Look Back and Penalty for Veterans Pension

Long Term Care Link - Sun, 05/15/2016 - 19:00
Second of a series of analysis regarding the proposed legislation.

Proposed Legislation for Look Back and Penalty for VA Veterans Pension - The Rise and Fall of the Pension Poachers

Long Term Care Link - Sun, 05/15/2016 - 19:00
A first of a series of analysis regarding the proposed legislation.

Mesothelioma Facts: What the Elderly Need to Know

Long Term Care Link - Sun, 05/15/2016 - 19:00
Why do you need to know about mesothelioma?

What is the Difference Between Dementia and Alzheimer's Disease?

Long Term Care Link - Sun, 05/15/2016 - 19:00
Understanding the differences between Alzheimer's and dementia can be confusing.

Life Insurance and Life Settlements

Long Term Care Link - Sun, 05/15/2016 - 19:00
Understanding the various types of Life Insurance policies can be a daunting but a little bit of education can go a long way.

Avoiding Slips and Falls In Bad Weather

Long Term Care Link - Sun, 05/15/2016 - 19:00
Cold weather can bring more than just a white Christmas. It also brings a number of hazards which can cause slips and falls.

Enlighten Your Season: Advice for Caregivers of the Elderly

Long Term Care Link - Sun, 05/15/2016 - 19:00
Taking care of elderly loved ones can be very exhausting, especially during the holidays.
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