Being convinced of one count of healthcare fraud, the jury set in for a Texas man who defrauded the medicare system. "Huey P. Williams Jr., 46, of Katy, Texas, was sentenced by U.S. District Judge Melinda Harmon of the Southern District of Texas. In addition to imposing the sentence, Judge Harmon ordered Williams to pay $1.96 million in restitution. Williams owned and operated Hermann Medical Supplies Inc. and Hermann Medical Supplies II (collectively Hermann Medical), two Houston-area durable medical equipment (DME) companies..." [ Read the story here ]
E-commerce has boosted the medical equipment rental rates across the world. Allowing doctors to save money by sharing equipment which they will only use for a specific set of procedures. "Over the years, medical equipment segment has grown by leaps and bounds as complex engineering used to make life simple for patients. As the technologically advanced medical equipment is used in case of specific situations, periodic assistance, or for just a procedure, several hospitals prefer renting the equipment instead of buying them..." [ Read the story here ]
Services for Independent Living (SIL) is helping those in need of medical equipment by reusing and loaning out much needed life saving devices. "Customers can use the equipment for a few weeks or longer. Merry said he gave out 186 loans, which range in duration. The 552 recycled items resulted in $288,522 saved by consumers...." [ Read the story here ]
The global medical equipment rental market is said to be looking at a projected increase from $33,417.4 million posted in 2013, to $49,112.8 million by 2020. "A recent market report published by Transparency Market Research based on the global medical equipment rental market forecasts that the industry is expected to reach US$49,112.8 million in 2020, expanding at a CAGR of 5.8% during the forecast period from 2014 to 2020..." [ Read the story here ]
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