Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.


TSX:QIPT - Post by User

Post by lscfaon Dec 17, 2021 6:53pm
144 Views
Post# 34242464

Refurbished equip. in demand

Refurbished equip. in demand

"In addition to diversifying their product sources, providers are refurbishing older equipment, retrieving devices from non-compliant patients and triaging certain patients."


 

PROVIDERS SCRAMBLE WITH SIGNIFICANT BACKLOGS 

poll logoYARMOUTH, Maine – With delays on equipment orders stretching past 60 days or more, respondents to a recent HME Newspoll say they must stay nimble to manage their businesses – and their patients. 

Thirty percent of respondents report backlogs of 90 days or more and another 19% report backlogs of 60 days or more. 

“We are finding delays with all the product categories except supplies, but respiratory has the most impact on our referrals and customers,” wrote Lori Valentine, system director, home medical equipment, Memorial Home Medical Supply in Springfield, ll. “(We’re) attempting to find other vendors within some product categories. We have also begun to forward order up to six months.” 

Forty-five percent of respondents report backlogs of 31-60 days. 

In addition to diversifying their product sources, providers are refurbishing older equipment, retrieving devices from non-compliant patients and triaging certain patients. 

“(We’re) prioritizing severe patients, keeping a few CPAPs on the shelf for emergency setups,” wrote one respondent.  

That’s still not enough for the nearly three quarters of respondents (74%) who say respiratory products, CPAPs in particular, are the hardest to come by. 

“(We) have a list of over 150 waiting on CPAP setups,” wrote one respondent. “We cannot obtain CPAP units from any vendor currently.” 

It's hard to see the light at the end of the tunnel when manufacturers are often even unable to provide ship dates, say 90% of respondents. 

“The CPAPs have an allotment and we are receiving them the next month,” wrote one respondent. “Bent metals are on true back order and they do give an ‘estimate’ date of shipment, but that has not been accurate so far.” 

Adding insult to injury: The additional costs providers have had to shoulder in recent months, including price increases and “COVID surcharges,” respondents say. 

“An additional $75 to $100 surcharge for items is ridiculous,” wrote Brian Dirksen, manager, Genesis Home Medical Equipment, in Davenport, Iowa.  

At the end of the day, respondents say they are doing their best to power through. 

“Not sure what we can do besides informing our customers of these delays,” said Ted Florack, president, Bio-Med Express Ltd. Baldwinsville, N.Y. “I’m hopeful we can survive these times.”


<< Previous
Bullboard Posts
Next >>