Tag: Viemed Healthcare

LAFAYETTE, La. – Viemed Healthcare reported net revenues of $27.8 million that are attributable to the company’s core business, a 12% increase compared to the same period last year and a 6% increase compared to the second quarter.  Total net revenues for the third quarter were $29.3 million, including $1.5 million in net revenues for contact and vaccine tracing services and product sales related to the COVID-19 pandemic.  “We are excited to report another record-breaking...

LAFAYETTE, La. – Patients with COPD and CRF who were prescribed noninvasive ventilation at home had statistically significant reductions in risk of death (38.3%), hospitalizations (21.0%) and ED visits (42.9%) compared with similar patients not treated with NIVH, according to a new study from Viemed Healthcare. The study, which was published Sept. 15 in the online edition of The American Journal of Managed Care, also shows NIVH is associated with a one-year risk difference of 13% for mortality,...

LAFAYETTE, La. – Viemed Healthcare reported net revenue of $27.4 for the quarter ended June 30, 2021, a “company record” and an increase of 13% over the same quarter in 2020. Of that, $1.1 million was for contact and vaccine tracing services and product sales related to the COVID-19 pandemic.  Viemed grew its ventilator patient count to 8,103, a 5% increase over the March 31, 2021, ventilator patient count. “I am extremely pleased with our company’s ability...

PLYMOUTH MEETING, Pa. – Luke McGee has resigned from his positions as co-CEO and director of the board of AdaptHealth, and Stephen Griggs has been named CEO effective immediately.  Griggs, who is also a member of the board, joined AdaptHealth in February as co-CEO following the company’s acquisition of AeroCare Holdings, which he founded and led as president and CEO.  “Steve’s extensive management experience, along with health sector expertise and a proven...

AAHomecare’s membership has re-elected Bill Guidetti of Apria as chair of the board and has approved Josh Marx of Medicare Service Company as vice chair and Mike Kloos of VGM Insurance as treasurer. Members also elected six people to at-large board seats for three-year terms: Josh Britten of BritKare Home Medical, Lucy Busa of Comfort Medical, Larissa D’Andrea of ResMed, Jennifer Pederson of Lincare, Isaac Rodriguez of National Seating & Mobility, and James Russell of URS Medical. Busa...

LAFAYETTE, La. – Viemed Healthcare says a recent report from the Office of Inspector General shows how disconnected investigators are from CMS’s clinical protocols for non-invasive ventilators and shines a light on the lack of understanding of the critical role HME providers play in providing this life-saving care to patients.  The OIG in May published a report saying most of the Medicare claims submitted for the monthly rental of NIV by Viemed, under its original name Sleep...

LAFAYETTE, La. – After weathering some of its toughest months in January and February from the dual impacts of COVID-19 and a treacherous ice storm, Viemed Healthcare saw significant patient growth in March, says CEO Casey Hoyt.  “In January and February, we were admitting 65% of our pre-COVID new patients,” he said on a recent earnings call to discuss first quarter financial results*. “March was right around 90% of pre-COVID numbers....

LAFAYETTE, La. – Viemed Healthcare reported net revenues for its core business were $25.5 million for the first quarter ended March 31, 2021, a 12% increase compared to the same quarter last year.  Total revenues were $28.4 million, including $2.9 million for contract tracing services and product sales related to the COVID-19 pandemic.  “The first quarter will very likely be the quarter where things began to reopen from the COVID-19 pandemic and I am once again...

LAFAYETTE, La. – A recent study showing positive outcomes for patients treated with non-invasive ventilation at home is a step toward closing a “data gap” that prevents more patients from benefiting from the therapy, says Dr. William Fraizer, chief medical officer for Viemed Healthcare. Patients treated with NIV at home had a 50% decrease in all-cause mortality during the study period; a 28% decline in the risk of hospitalization; and a 52% reduction in the risk of an emergency...

LAFAYETTE, La. – Viemed Healthcare has published a study that shows non-invasive ventilation at home improves survival and decreases health care utilization in Medicare beneficiaries with COPD with chronic respiratory failure.  “This study is the first of its kind published in the U.S. and represents a significant milestone in our mission of educating the medical community on the benefits of NIVH,” said Casey Hoyt, Viemed CEO. “The data supports...