Electromed (NSDQ:ELMD) posted first-quarter results today that beat the consensus forecast on Wall Street. The New Prague, Minn.-based company reported profits of $1 million, or 12¢ per share, on sales of $8.3 million for the three months ended Sept. 30, 2019, for a bottom-line gain of 536.1% sales growth of 13.7% compared with Q1 2019. Adjusted […]
Electromed inks distro deals for SmartVest
Electromed (NSDQ:ELMD) announced agreements with two unnamed home medical equipment distributors for the sale and distribution of its SmartVest airway clearance system in the U.S. The distributors – one regional and one national – will sell directly to patients, according to a release. Electromed said it expects minimal impact to fiscal 2020 revenues and expenses […]
DaVita taps Javier Rodriguez as CEO | Personnel Moves – April 29, 2019
DaVita Healthcare (NYSE:DVA) said today that its board of directors unanimously elected Javier Rodriguez to succeed Kent Thiry as its new CEO, effective June 1. The Denver-based company said that former CEO Thiry will transition to serve as executive chairman of the board, and that the announcement comes as part of a multi-year succession planning process. […]
Electromed touts SmartVest non-cystic fybrosis bronchiectasis study data
Electromed (NSDQ:ELMD) today released results from an independent clinical study exploring the use of high frequency chest wall oscillation therapy with its SmartVest, touting that it significantly reduced severe exacerbations and hospitalizations for non-cystic fibrosis bronchiectasis patients. Findings from the study were presented at the World Bronchiectasis Conference in Washington D.C., the New Prague, Minn.-based company said. […]
Electromed wins medical device excise tax refund from IRS
Electromed (NSDQ:ELMD) said yesterday that the Internal Revenue Service will refund approximately $406,000 the company paid related to the federal medical device excise taxes associated with the sale of its SmartVest airway clearance system. The New Prague, Minn.-based company said the refund comes from sales of the device during tax periods ended June 30, 2014 through December […]
What does value mean in healthcare?
“Value” is a word that one hears a lot these days in the medical device industry and healthcare in general, but it’s hard to pin down what it exactly means. Defining what it means matters because public and private healthcare payers in the U.S. and around the world are moving away from traditional fee-for-service payments. […]
Electromed settles Medicare beef for $1m
Electromed (NSDQ:ELMD) said last week that it settled a beef with the Centers for Medicare & Medicaid Services for roughly $1 million. New Prague, Minn.-based Electromed, which makes the SmartVest airway clearance system, said the dispute arose over some 700 Medicare fee-for-service claims it submitted from 2012 through 2015, totaling about $2.9 million. After the government health […]
7 medtech stories we missed this week: March 3, 2017
Several clinical study results were published this week, while other companies reached distribution deals. Here are 7 medtech stories we missed this week but were still worth mentioning. 1. Health Canada approves Ventripoint’s complete heart analysis system for 2D ultrasounds Ventripoint Diagnostics received a license from Health Canada for its new VMS-Plus machine and the 4-chamber […]
Philips Healthcare’s India chief takes over new emerging markets biz | Personnel Moves
Royal Philips (NYSE:PHG) has promoted its India managing director and CEO Krishna Kumar to a position managing its emerging healthcare business division, according to The Times of India. Kumar is slated to continue as managing director of Philips India division until December, at which point he will lead the development of consumer and profesisonal healthcare […]
NeuroMetrix names new consumer GM | Personnel Moves
Electromed wins FDA clearance for lighter, quieter SmartVest SQL
Electromed (NSDQ:ELMD) announced last week that it won FDA market clearance for its SmartVest SQL, a quieter, lighter model of its SmartVest airway clearance therapy system. The device should hit shelves within 60 days, Electromed said.
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