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In brief: Not so fast CBIC, OIG on vents, reviews expanded

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09/25/2020

WASHINGTON – The CBIC recently sent a message indicating that Round 2021 “contract offers and disqualification information would soon be provided” in Connexion, but they did it without clearing it with CMS, according to AAHomecare.

HHS ends vent contracts with Philips, Vyaire, Hamilton

News follows OIG’s announcement that it would audit the contracts
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09/02/2020

AMSTERDAM – Royal Philips announced Monday that it has received notice from the U.S. Department of Health and Human Services that its contract to deliver 43,000 bundled EV300 ventilator configurations through December 2020 has been partially terminated.

GM passes torch to Ventec, after completing order

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09/02/2020

KOKOMO, Ind. – General Motors and Ventec Life Systems delivered its 30,000th V+Pro critical care ventilator to the U.S. Department of Health and Human Services on Aug. 31.

CMS’s next step on vents is unclear

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08/07/2020

WASHINGTON – It was a first step, but CMS has more homework to do before it moves to establish a new national coverage determination for non-invasive positive pressure ventilation, say the members of the Medicare Evidence Development and Coverage Advisory Committee.

ResMed sees surge in demand for vents

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05/01/2020

SAN DIEGO – ResMed generated about $35 million in revenues from a COVID-19 related surge in demand for ventilators in the third quarter of fiscal year 2020.

Philips reports mixed quarterly results

Company expects return to growth and improved profitability in the second half of the year
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04/21/2020

AMSTERDAM – Philips reported sales of EUR 4.2 billion for the first quarter, a 2% comparable sales decrease.

Income from continuing operations was EUR 42 million, vs. 245 million; and adjusted EBITDA margin was 5.9% of sales vs. 8.8%.

CMS relents on vents

‘During a public health emergency, why would you reduce capacity when you need it’
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04/10/2020

WASHINGTON – Getting non-invasive vents dropped from Round 2021 of competitive bidding is a big deal but there’s a case to be made for delaying the entire program, industry stakeholders say.

Viemed Healthcare increases guidance

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04/08/2020

LAFAYETTE, La. – Viemed Healthcare now expects 2020 net revenues to be about $23.7 million to $23.9 million as a result of increased sales of ventilators.

Ford, GE step up to produce vents

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04/01/2020

DEARBORN, Mich. – Ford Motor Company, in collaboration with GE Healthcare, will begin producing a third-party ventilator with the goal of producing 50,000 units within 100 days and up to 30,000 a month thereafter as needed.

ResMed ramps up production

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03/24/2020

SAN DIEGO – ResMed is looking to double or triple its output of ventilators and increase more than tenfold its production of masks, says CEO Mick Farrell.

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