HME News is the monthly business newspaper for home medical equipment providers. This controlled circulation publication reaches 17,100 home medical equipment services providers, including traditional HME dealers & suppliers, hospital- and pharmacy-o
Issue link: https://hme.epubxp.com/i/542639
Providers 12 www.hmenews.com / August 2015 / hme news at $1.51 on the Toronto Venture Stock Exchange, compared to about 32 cents one year ago. The question is whether PHM can maintain its aggressive pace of growth. "The stock price is moving primarily because the company is making acqui- sitions that are sig- nifcant to its current size," said Don Davis, president of Duckridge Advisors. "As the com- pany gets larger, it will need to make more or larger acquisitions to push the growth rates t h e y a re c u r re n t l y showing to investors." In an industry that's been battered by years of reimbursement cuts and increased regulations, it's not unusual for an outside buyer to start rolling up companies, say analysts. "I've been doing this for 20 years and I see it all the time," said Rick Glass, president of Steven Richards & Associ- ates. "They make a big splash and six or eight months later it's all falling apart. Maybe the Coumadin business gives them enough to make it work." HME PHM C O N T i N u E d f R O M PA g E 1 1 TWITTER C O N T i N u E d f R O M PA g E 1 1 OxYGEN C O N T i N u E d f R O M PA g E 1 1 personal information from their pro- fessional page. "I think the quickest way to lose followers on Twitter is tweeting about what you're eating, or tweeting about your dog or cat or goat," said Bargmann. Bargmann's biggest pet peeve? Using the default egg as an avatar. "If you really wanted to have any- one—a company, a person—to take you seriously on social media, take the time to develop a profle," he said. "Take the time to develop a decent picture that's representative of the cul- ture that you want to embody." HME costs," said Fuller. "The machines are a little more expensive, but if you're going out to patients' homes once a week at $50 to $70 a clip, it makes sense if you can cut out that expense." Currently, POCs account for less than 15% of Quality Home Care's busi- ness, but Fuller says that number could increase once POCs capable of 4 LPM of continuous fow become more common. Until then, providers like Adamich say they're much more partial to transflling units. "I think there's still a little more versatil- ity there, a little more reliability, and you're still accomplishing that goal of a non-deliv- ery system," he said. HME FOR SALE C O N T i N u E d f R O M PA g E 1 Group, which acquired Apria Healthcare in 2008, was reportedly exploring a sale. A company offcial denied it in an email to HME News. Davis also pointed to the high-profle bankruptcy of Landauer Metropolitan in 2013, and the failed merger agree- ment between Orlando-based AeroCare and MergeWorthRx in 2014 as signs that the appetite for large-scale HME provid- ers may be waning in the face of ongoing industry problems. "When you look at what's happening with AeroCare, with Apria, with LMI, it would lead me to think there's a lot of reluctance to pay what (Highland) prob- ably wants to get out of AHP," he said. HME Rick Glass Keep Going. sm Proven reliability in a 4.8 lb., 42 decibel package. Ultra Portability Weighing in at less than 5 pounds, and with an extraordinary battery life of 9.5 hours, the OxyGo ™ is completely wearable. ✔ Up to 9.5 hours of battery life with optional double battery ✔ Only 4.8 lbs. — including the battery! ✔ No carts or tanks required ✔ Four Intelligent Pulse Flow Settings ✔ FAA-approved for domestic and international airline travel ✔ 42 decibels at setting 2 ✔ Up to 840 ml of Oxygen per minute at setting 4 See how Applied's Non-Delivery Model will increase your profts: www.oxygo.life | 888-327-7301 Reliable ranks high Reliable Medical Supply was named a 2015 Top Workplace by the Minneapolis Star Tribune in June. The award recognizes companies based on employee ranking of leadership, benefts and strategic direc- tion. "i am honored and humbled that our employees have chosen us to be on of Minnesota's top workplaces," said Jeff Hall, president and CEO of the Brooklyn Park-based provider. "We have created a family- like environment that encourages our employees to share their ideas, as well as concerns, to which our leadership responds."