VGM Fulfillment Unveils Compression Resupply Program
The service, which leverages sizable warehouse resources, helps providers tap into a sizable market opportunity
- By David Kopf
- May 03, 2018
To help providers tap into a sizable market opportunity VGM Fulfillment, a division of VGM Group Inc., has launched a new compression hosiery resupply program.
Compression garments treat various chronic conditions such as venous diseases, joint and muscle pain, and stiffness, amputations, and lymphedema. An increase in diabetic and elderly populations will push the U.S. compression therapy market to grow to a forecasted $1.6 billion in 2019. According to a report from GBI Research,
Complementing VGM Fulfillment’s existing CPAP resupply program – which packs and ships more than 2 million orders annually — the compression program will take advantage of more than 20,000 additional square feet of additional warehouse and office space.
“We are excited to expand our offering of services outside of CPAP fulfillment to include compression stocking fulfillment,” said Jeremy Stolz, president of VGM Fulfillment. “Similar to CPAP, the compression market is growing. This new service allows the opportunity for seamless delivery or resupply of compression stockings directly to patients or a provider’s store.”
How the arrangement works: Providers submit an order; the order is shipped and typically arrives at the patient three days later; the vendor will then bill the provider for the product and VGM bills for shipping and handling. VGM Fulfillment’s warehouse stocks the supplies, which gives providers a lean way to purchase supplies.
“With our resupply program, compression garments and other products are an opportunity for providers to expand their caretailing or cash sales offerings – without having to carry a large inventory and take up valuable showroom space,” Stolz added. “Patients with lymphedema or those recovering from amputations use compression therapy to manage and accelerate wound healing. These customers and others are looking for effective and stylish offerings.”
David Kopf is the Executive Editor of HME Business and DME Pharmacy magazine. Follow him on Twitter at @postacutenews.