Viemed increases vent patient count by 35.3%

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Tuesday, August 14, 2018

LAFAYETTE, La. – Viemed Healthcare on Aug. 13 reported revenues of $15.5 million for the second quarter, a 42% increase compared to the same period last year and a 10% increase compared to the first quarter.

The company reported a gross margin of $11.3 million for the second quarter, a 44% increase compared to the same period last year.

Specifically, Viemed reported its ventilator patient count grew by about 35.3% in the second quarter compared to the same period last year and about 8.4% compared to the first quarter.        

Looking forward, the company expects to generate revenues of about $16.3 million to $16.7 million and similar gross margin in the third quarter.

In addition to its financial results, Viemed reported that it has added a new independent director to its board: Bruce Greenstein, who recently joined LHC Group as chief innovation and technology officer. Greenstein was previously chief technology officer at the U.S. Department of Health and Human Services.