The company has not filed an annual or quarterly report since its Q2 FY2022 10-Q, filed Aug 8, 2022. Its latest SEC filing is a SC 13G/A from Nov 8, 2022.
10-Q for Q2 FY2022, filed Aug 8, 2022
The sections below describe the company as of the FY2021 annual report.
Provides custom orthotic and prosthetic devices and related patient care to people with disabilities or injuries. Also distributes orthotic and prosthetic products and provides rehabilitation solutions to independent providers and post-acute care facilities.
10-K for FY2021, filed Feb 28, 2022Our Patient Care segment is primarily comprised of Hanger Clinic, which specializes in comprehensive, outcomes-based design, fabrication…View ↗
Our Products & Services segment is comprised of our distribution services and therapeutic solutions businesses. As a leading provider of…View ↗
Patients are typically referred to Hanger Clinic by an attending physician who determines a patient’s treatment and writes a prescription.…View ↗
Based on the prescription written by a referring physician, our clinicians examine and evaluate the patient and either design a custom…View ↗
Through our wholly-owned subsidiary, Southern Prosthetic Supply, Inc. (“SPS”), we distribute branded and private label devices, products…View ↗
Hanger bills insurers, government health programs and private-pay patients at or after device delivery; distributors pay for products when shipped or delivered, typically within 30 to 90 days. Rehabilitation equipment programs earn fees over the period customers use equipment or receive services, while equipment and consumables are sold at shipment.
10-K for FY2021, filed Feb 28, 2022Revenue in our Patient Care segment is primarily derived from contracts with third party payors for the provision of O&P devices and is…View ↗
Distribution services revenues are recognized when obligations under the terms of a contract with our customers are satisfied, which occurs…View ↗
Therapeutic program equipment and related services revenue are recognized over the applicable term the customer has the right to use the…View ↗
$1.1B
10-K for FY2021, filed Mar 1, 2022
$1.1B ↗
Physicians refer patients to Hanger Clinic; Hanger bills insurers, government health programs or patients paying privately. Sales staff calls directly on independent orthotic and prosthetic providers and skilled nursing and post-acute care providers for products and rehabilitation solutions.
10-K for FY2021, filed Feb 28, 2022Patients are typically referred to Hanger Clinic by an attending physician who determines a patient’s treatment and writes a prescription.…View ↗
The principal reimbursement sources for our services are:View ↗
Commercial private payors and other non-governmental organizations, which consist of individuals, rehabilitation providers, commercial…View ↗
We typically enter into contracts with third party payors that allow us to perform O&P services for a referred patient and to be reimbursed…View ↗
In our Products & Services segment, we employ dedicated sales professionals that call on independent O&P providers, as well as SNFs, and…View ↗
Yes. It kept 4 cents of every revenue dollar as net income in FY2021 and turned 1 cent into free cash flow.
10-K for FY2021, filed Mar 1, 2022
$72.7MView ↗
10-K for FY2021, filed Mar 1, 2022
$42MView ↗
10-K for FY2021, filed Mar 1, 2022
$13.6MView ↗
8-K, filed Oct 3, 2022
AUSTIN, Texas--(BUSINESS WIRE)-- Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and…View ↗
8-K, filed Jul 21, 2022
AUSTIN, Texas--(BUSINESS WIRE)-- Hanger, Inc. (NYSE: HNGR), a leading provider of orthotic and prosthetic (O&P) patient care services and…View ↗
Held flat. Revenue was $1.1B in FY2021, about the same as the $1B of FY2017.
Competes with Össur
10-K for FY2021, filed Feb 28, 2022We estimate that the next two largest providers of O&P services in the United States are Össur and the U.S. Department of Veterans Affairs…View ↗
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