Nationwide Medical

Nationwide Medical

Medical devices company providing bilevel/cpap supplies.

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DateInvestorsAmountRound
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Growth Equity VC
Total Funding000k
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Nationwide Medical, Inc. operates as a specialized provider of home medical equipment (HME) and associated clinical services, focusing on patients with chronic sleep and respiratory conditions. Founded in 2002, the company identified a gap in the market for servicing CPAP/BiLevel patients who were often underserved. This led to the creation of its cornerstone "Follow-Up Care Program," a system designed for proactive patient engagement. The company's CEO is David Siegel, who, along with his father, transitioned their experience from the life insurance industry to establish a high-touch patient care model. This approach emphasizes regular follow-ups to ensure therapy adherence and address any patient needs, a philosophy that has been central to the company's growth.

The company's business model centers on the distribution of medical supplies directly to patients' homes, a service that is supported by relationships with thousands of insurance providers, including Medicare. Revenue is generated through the sale and rental of respiratory therapy equipment and the regular resupply of associated products. Nationwide Medical serves a client base of over 100,000 patients across 49 states, leveraging a tech-enabled platform to manage its services. The company's estimated annual revenue is approximately $64 million. A strategic partnership with PayrHealth enabled the company to secure 33 new payor contracts in 19 states, providing access to over 30 million new patients and significantly boosting revenue potential. In late 2024, Nationwide Medical entered into a growth partnership with Heritage Group, a healthcare-focused private equity firm, to further enhance its market position and technological capabilities.

The core service offering is a comprehensive therapy program for conditions like obstructive sleep apnea. This includes providing CPAP and BiLevel machines, a variety of masks, and other necessary supplies from major brands. Beyond equipment, the company provides oxygen therapy, non-invasive ventilation (NIV), and recently added continuous glucose monitors (CGM) to its product lineup. A key differentiator is the 24/7 clinical care support from certified respiratory therapists who monitor patient compliance and assist with therapy issues. This proactive engagement model has resulted in therapy adherence rates significantly above industry averages. Patients can order supplies through an online store, and the company actively contacts them for resupply needs based on insurance guidelines.

Keywords: home medical equipment, HME, CPAP therapy, sleep apnea treatment, respiratory services, BiLevel machines, oxygen therapy, patient follow-up care, medical supplies distribution, durable medical equipment, DME, non-invasive ventilation, continuous glucose monitors, therapy adherence, clinical respiratory support, insurance-covered medical supplies, Medicare provider, private equity-backed healthcare, David Siegel, Calabasas

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