Hasco Medical, Inc., a medical product and service provider aimed at improving the quality of life for its patients, offers medical devices and supplies in the following three major areas:
• Home respiratory equipment
• Home medical equipment
• Wheelchair accessible vans
As a U.S. managed healthcare provider, the Company provides a wide range of products and services with the intent of becoming a leading provider in the rapidly expanding market of home health care.
The Baby Boomer generation – born between 1946 and 1964 – currently numbers about 75 million, or almost 30 percent of the U.S. population. As this demographic ages, firms engaged in home health care equipment and service offerings see their potential for increasing profits and capturing market share.
For example, while a skilled nursing facility offers respiratory or other medical care at an average cost of $325 per day, and hospitals and ERs offer the same care for a minimum fee of $1,500 per day, home health care services can provide the same equipment, training, and servicing of that equipment over time for a mere $137.
According to a recent newspaper report, not only is home-based health care less expensive and more accessible than nursing home, hospice, or hospital care, it is fully as effective, providing identical levels of service and assistance at costs that dwarf hospital stays, many of which can bankrupt the average fixed-income retiree.
Hasco Medical’s respiratory care equipment runs the gamut from simple nebulizers which deliver a measured dose of such respiratory medications as Albuterol (used to treat asthma, bronchitis, and chronic obstructive pulmonary diseases like emphysema), to more complex care items like oxygen concentrators and oxygen cylinders.
These oxygen delivery systems, which either collect and condense the oxygen present in the air, or deliver oxygen from a sealed and pressurized tank, offer new hope and the possibility of remaining at home for the thousands of young and old suffering from diseases like cystic fibrosis and congestive heart failure – illnesses which formerly mandated hospital or hospice care.
The Company also offers continuous positive airway pressure (CPAP) masks, and the more complex bi-level positive airways pressure (VPAP or BiPAP) masks, both of which help those suffering from either sleep apnea or the above illnesses to get sufficient rest at night.
In addition to providing such equipment, the Company also delivers and prepares the devices, trains users or caregivers in their correct operation, and makes periodic return visits to either confirm that equipment is working properly or to fix it if needed. The Company also delivers supplies like oxygen and Albuterol sulfate cartridges.
Subsequent to its May acquisition of Mobility Freedom Inc. and Wheelchair Vans of America, Hasco Medical also offers new and used wheelchair-accessible vans, along with such relevant peripheral aids as vehicle lifts (which automatically raise wheelchairs to van floor height), driving aids like hand controls in place of floor brakes, and equipment, through six operations centers in the state of Florida. Hasco Medical offers its products and services in this category as an exclusive vendor to some of Florida’s state-funded agencies.
Lastly, to round out its bundle of healthcare-related equipment and service offerings, Hasco Medical offers home mobility aids like wheelchairs and power chairs, as well as other ambulatory aids like walkers. It also provides and services hospital lift beds, bathroom aids and safety equipment for the elderly and infirm, and rehabilitation equipment, either as for-sale, loaner or rental equipment.
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