Moving the HME Industry Forward

Respiratory/Sleep

Revenue Up at ResMed

August 1, 2016

SAN DIEGO – ResMed (Booth #1511 at Medtrade 2016) revenue for the quarter ended June 30, 2016 was $518.6 million, a 14% increase compared to the same period last year, or a 15% increase on a constant currency basis. Excluding the contribution from the Brightree acquisition, revenue for the quarter was $489.7 million, an 8% increase.    

“We finished the year with double-digit constant currency revenue growth, fueled by solid performance in masks, devices, and our first quarter of software-as-a-service revenue from Brightree. Our board of directors has declared a 10 percent increase in our dividend this quarter, reflecting confidence in our long-term strategy and outlook,” said Mick Farrell, ResMed’s CEO.

“We are the world’s largest provider of remote connected care solutions with over 2 million patients using ResMed cloud-connected devices on bedside tables; we provide actionable information every day for patients, physicians, providers and payors,” added Farrell. “During the year, we continued to demonstrate the value of our solutions through clinical research, while transforming how healthcare is delivered through cloud-based offerings that are shaping a new frontier in connected care.”

Sleep/respiratory-related exhibitors at Medtrade are numerous this year (see partial list at right), as are educational sessions designed to help providers find solutions in changing times. Educational sessions on tap at Medtrade include:

Tue, Nov 1, 2016 – 4:00 PM to 5:00 PM
Respiratory Suppliers, Keep Your Money – Learn What to Expect From a Medicare Audit and How to Avoid Overpayment Demands
Speaker: Denise Leard, Attorney, Brown & Fortunato, P.C.
Speaker: Ronda Buhrmester, Reimbursement Specialist, VGM Group
Location: C204

Wed, Nov 2, 2016 – 4:00 PM to 5:00 PM
Home Oxygen 2016: Current Trends in Patient Population & Utilization
Speaker: Joseph Lewarski, Global VP, Respiratory & Sleep Drive, DeVilbiss Healthcare
Location: C209

Wed, Nov 2, 2016 – 9:15 AM to 10:15 AM
Dentists in the Sleep Lab – Venturing with Sleep Dentists for PAP Opportunities
Speaker: Daniel Brown, Attorney, Taylor English Duma LLP
Location: C210

Wed, Nov 2, 2016 – 2:45 PM to 3:45 PM
Increase Retail Revenues while Improving Outcomes/Compliance for Your PAP Patients
Speaker: Peter Allen, Clinical Coordinator, SoClean
Location: C208

Mon, Oct 31, 2016 – 8:00 AM to 4:00 PM
Mission Possible – Mobility and Respiratory Reimbursement
Presented by: VGM
Speaker: Dan Fedor, Compliance Director, VGM
Speaker: Ronda Buhrmester, Reimbursement Specialist, VGM Group
Location: C102 Auditorium/C212 Breakout Session

Wed, Nov 2, 2016 – 10:30 AM to 11:30 AM
The Evolution from DME to RDM -Respiratory Disease Management
Speaker: Zach Gantt, Founder & CEO, Encore Healthcare
Location: C211