23 unchanged sentences
The Company also provides payers with utilization and outcome data to evaluate therapy effectiveness.
−Removed: • Physicians .
−Removed: The Company provides physicians with timely patient clinical support by providing care management related to their patients’ pharmacy needs and improving compliance with therapy protocols.
−Removed: The Company eliminates the need for physicians to carry inventories of high cost prescriptions by distributing the medications directly to patients’ homes.
+Added: • Providers .
+Added: The Company provides providers with timely patient clinical support by providing care management related to their patients’ pharmacy needs and improving compliance with therapy protocols.
+Added: The Company eliminates the need for providers to carry inventories of high cost prescriptions by distributing the medications directly to patients’ homes.
• Pharmaceutical Manufacturers .
2 unchanged sentences
The Company also provides valuable clinical information in the form of outcomes and compliance data to manufacturers to aid in their evaluation of the efficacy of their products.
+Added: • Health Systems.
+Added: The Company partners with health systems across the country to provide an effective post-acute care network to manage patients across the continuum of care.
Quality is at the core of the Company’s mission as it strives to deliver quality healthcare, leading to favorable outcomes and more cost-effective care.
11 unchanged sentences
The Company’s anti-infective therapy and services help avoid hospitalizations for many infections that can be safely treated at home.
−Removed: • Heart Failure.
−Removed: The Company administers home infusion services to treat heart failure, either in anticipation of cardiac transplant or to provide palliation of heart failure symptoms.
−Removed: • Chronic Inflammatory Disorders .
−Removed: The Company treats chronic inflammatory disorders, which include Crohn’s disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.
+Added: • Nutrition Support Infusion.
+Added: The Company delivers comprehensive nutrition support across pediatric, adult, and geriatric patients.
+Added: The Company’s expert team provides home parenteral nutrition and enteral nutrition support for numerous acute and chronic conditions negatively affecting nutritional status, such as stroke, cancer, and gastrointestinal diseases.
• Immunoglobulin Infusion.
2 unchanged sentences
Intravenous IG infusions are concentrated antibodies that have been purified from large numbers of human blood donors.
+Added: • Chronic Inflammatory Disorders .
+Added: The Company treats chronic inflammatory disorders, which include Crohn’s disease, plaque psoriasis, psoriatic arthritis, rheumatoid arthritis, ulcerative colitis, and other chronic inflammatory disorders.
+Added: • Neurological Disorders.
+Added: The Company provides an array of treatments to manage the progression of neurological disorders such as Amyotrophic Lateral Sclerosis (“ALS” or “Lou Gehrig’s disease”) and Duchenne Muscular Dystrophy.
• Bleeding Disorders Infusion.
5 unchanged sentences
The length of treatment depends on the severity of the bleeding episode, and the need for treatment continues throughout the life of the patient.
−Removed: • Nutrition Support Infusion.
−Removed: The Company delivers comprehensive nutrition support across pediatric, adult, and geriatric patients.
−Removed: The Company’s expert team provides home parenteral nutrition and enteral nutrition support for numerous acute and chronic conditions negatively affecting nutritional status, such as stroke, cancer, and gastrointestinal diseases.
• Women’s Health.
1 unchanged sentence
Personalized programs in prematurity, nausea and vomiting hyperemesis, diabetes in pregnancy, and hypertension help meet the needs of each mother.
−Removed: • Neurological Disorders.
−Removed: The Company provides an array of treatments to manage the progression of neurological disorders such as Amyotrophic Lateral Sclerosis (“ALS” or “Lou Gehrig’s disease”) and Duchenne Muscular Dystrophy.
+Added: • Heart Failure.
+Added: The Company administers home infusion services to treat heart failure, either in anticipation of cardiac transplant or to provide palliation of heart failure symptoms.
The Company offers a range of other infusion therapies to treat a variety of conditions, including pain management, chemotherapy and respiratory medication.
28 unchanged sentences
The Company’s continued growth will be dependent on maintaining its existing relationships with manufacturers and establishing new relationships with additional manufacturers as the Company launches new products.
−Removed: For the year ended December 31, 2020, approximately 70% of the Company’s pharmaceutical and medical supply purchases are from three vendors.
+Added: For the year ended December 31, 2021, approximately 74% of the Company’s pharmaceutical and medical supply purchases are from four vendors.
Although there are a limited number of suppliers, the Company believes that other vendors could provide similar products on comparable terms.
8 unchanged sentences
Nursing services are typically billed separately, while other patient support services, such as pharmacy compounding service, delivery service and ancillary medical supplies are reimbursed either separately or on a per diem basis, where applicable.
−Removed: The Company’s largest payer is United Health Group, which represented approximately 15% of its revenue for the year ended December 31, 2020.
+Added: The Company’s largest payer represented approximately 16% of its revenue for the year ended December 31, 2021.
No other single payer represented more than 10% of its revenue.
85 unchanged sentences
Our ability to attract and retain personnel depends on several factors, including our ability to provide them with engaging assignments and competitive salaries and benefits.
+Added: Environment-Social-Corporate Governance Initiative
+Added: Option Care Health is committed to making a positive impact on not only our patients, but also our employees, the communities in which we serve and the environment at large.
+Added: Our ESG Initiative includes four distinct pillars around building a sustainable and responsible enterprise that is focused on providing extraordinary care that changes lives:
+Added: • Reducing Our Impact on the Environment – Through increased efforts in green packaging solutions, growing our network of Ambulatory Infusion Suites and the expanded use of ride share programs for our clinicians, we expect to reduce the company’s carbon footprint and waste.
+Added: • Caring for Our Patient Community – We intend to expand our current assistance programs to increase health access to patients and are launching new initiatives to improve the overall patient experience.
+Added: • Empowering Our People – We continue to improve and expand on our diversity, equity and inclusion initiatives, health and well-being programs and development and training opportunities for employees.
+Added: • Managing a Responsible and Resilient Enterprise – In addition to our comprehensive Enterprise Risk Management process, we are building a more robust privacy, data security and incident response program as well as continuing our commitment to best practices in corporate governance, compliance and business ethics.
+Added: The General Counsel and Assistant General Counsel serve as executive sponsors of the ESG Initiative and coordinate our corporate response to developing comprehensive ESG programs.
+Added: The Nominating and Corporate Governance Committee of the Board of Directors is charged with providing oversight on ESG matters.
Available Information
2 unchanged sentences
The information contained on its website is not incorporated by reference into this Annual Report and should not be considered part of this report.
−Removed: The Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and Proxy Statements are available through the website at https://investors.optioncarehealth.com/, free of charge, as soon as reasonably practicable after they are filed with or furnished to the SEC.
+Added: The Company’s Annual Reports on Form
+Added: 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and Proxy Statements are available through the website at https://investors.optioncarehealth.com/, free of charge, as soon as reasonably practicable after they are filed with or furnished to the SEC.
The SEC maintains a website that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC at www.sec.gov.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.