Industry Analysis & Industry Trends
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In the coming years, the Home Medical Equipment Rentals industry will benefit from more people with private insurance and an aging population. Demand will pick up, as healthcare reform provides insurance for a greater number of people who could not afford equipment previously. Nevertheless, increased Medicare and Medicaid regulations may hamper industry operations in the next five years.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Growth in the Home Medical Equipment Rentals industry slowed as regulations shifted to increase audit activity and limit Medicare payments for oxygen equipment rentals during the past five years. This trend resulted in increasing depreciation as companies replaced equipment more often to comply with stricter and more frequent audits. The regulations also restricted revenue for Medicare patients to a maximum of three years.
Furthermore, a temporary dip in demand due to high unemployment and low disposable income resulted in short-term revenue and profit declines. In response, companies in the industry increased merger and acquisition activity to expand their market reach and continue growing. Con... purchase to read more