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Limping along: New Medicare bidding process slashes industry prices and profit margins



Abstract

Home Medical Equipment Rentals

Over the past five years, the Home Medical Equipment Rentals industry has contracted, even while a growing senior population and expanded health insurance coverage have driven increased demand for its services. Since Medicare's introduction of a competitive bidding process for home medical equipment, providers have received lower prices for their rentals, cutting into profit margins from their largest market and constraining revenue overall. This program will likely continue over the next five years, and may even be expanded to Medicaid, preventing the industry from recovering the profit margins it obtained a decade ago. However, prices are expected to reach their trough over the next five-year period, and the industry will again achieve growth through the exit of unprofitable companies, layoffs and restructuring.

This industry rents devices that are designed to aid in the diagnosis, monitoring or treatment of medical conditions to individuals in their homes. Examples include respiratory and mobility aids such as oxygen tanks, crutches and wheelchairs. The industry also rents hospital beds for home use. Operators in this industry do not rent medical equipment or beds for use outside of homes.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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Table Of Contents

Home Medical Equipment Rentals - Industry Market Research Report

TABLE OF CONTENTS

ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS and MARKETS
Supply Chain
Products and Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS
Capital Intensity
Technology and Systems
Revenue Volatility
Regulation and Policy
Industry Assistance

KEY STATISTICS
Industry Data
Annual Change
Key Ratios

JARGON and GLOSSARY



MAJOR COMPANIES

Lincare Holdings Inc

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