VGM & Trace Medical Announce Exclusive Agreement for Advanced Respiratory Rentals & Biomedical Services
on March 27, 2023
WHITMORE LAKE, Michigan – Trace Medical, the national leader in advanced respiratory rentals and biomedical services based in Whitmore Lake, Michigan, and VGM & Associates based in Waterloo, IA, have executed an Exclusive Program Agreement to provide advanced respiratory rentals and biomedical services to the entire VGM membership of 3,000 HME providers with nearly 7,000 locations.
Elliot Campbell, Chief Commercial Officer of Trace Medical, stated “VGM and Trace have worked seamlessly together since 2018 in our collective support of the Home Medical Equipment market. Continued alignment with VGM helps ensure our expanding value propositions are, available to as many providers as possible while supporting the industry as a whole through VGM’s legislative efforts. Moreover, as we rapidly expand nationally into biomedical services, VGM’s support will be paramount in our ability to provide biomedical services nationally – something the industry desperately needs.
The agreement, effective April 1, 2023, solidifies the first program of its kind for VGM’s membership community.
Jeremy Stolz, President of VGM stated, “Our relationship with Trace Medical has been very beneficial to our membership. We look forward to their expanded solutions including biomedical services and are confident that it will serve the provider community well. The Trace team has demonstrated the ability to deliver meaningful solutions at a very compelling cost. We are excited for the next chapter with them.”
Greg Apostolou, Chief Executive Officer of Trace Medical, also stated, “we are pleased with the continued growth of our relationship with VGM and its members. The market has spoken clearly about its desire for a consolidated solution including equipment rentals and biomedical services, and our national platform provides an excellent solution to meet this need. With double-digit growth in operating costs and essentially static reimbursement, our service and delivery model will help provide the financial efficiencies that are desperately needed by the homecare community today.”
About Trace Medical
Founded in 2004, Trace Medical is the national leader in ventilation rentals and biomedical services throughout the continuum of care, including skilled nursing facilities, rehabilitation facilities, hospice, and HME providers. For more information, please visit www.TraceMedical.com.
About VGM & Associates
VGM & Associates is the nation’s largest and most comprehensive member service organization (MSO) for post-acute healthcare including DME/HME, respiratory, sleep, wound care, complex rehab, women’s health, home modifications, and orthotics and prosthetics providers. 3,000 providers with nearly 7,000 locations rely on VGM to connect them to valuable resources every single day. For more information, visit www.vgm.com.