Tag: Viemed Healthcare

LAFAYETTE, La. – Viemed Healthcare has doubled its patient count since the pandemic started and has inventory on the shelves “ready to go for future growth,” company execs said on a recent earnings call.  The bulk of those new patients are sleep patients, thanks to Viemed’s patient acquisition strategy, says CEO Casey Hoyt.  “Rather than going out and spending the money on buying distressed companies, we wanted to go out and really capture those patients...

LAFAYETTE, La. – Viemed Healthcare reported core net revenues of $33.1 million for the second quarter 2022, a 26% increase over the same period last year – a “company record,” say execs.  The company grew its ventilator patient count to 8,837, a 9% increase.   “I am extremely proud of the robust growth across all lines of products and services, highlighting the synergies in our offerings,” said Casey Hoyt, CEO. “We're seeing the release...

LAFAYETTE, La. – Viemed Healthcare has added Michael Freeman as chief business development officer and Jeremy Trahan as chief legal officer and executive vice president of acquisitions and strategic transactions. Prior to joining Viemed, Freeman and Trahan were executives at LHC Group, where they directed and were integrally involved in more than 100 transactions valued at about $1.9 billion collectively. “We are thrilled to expand our team of extremely talented executives by welcoming...

LAFAYETTE, La. – Viemed Healthcare has published a third peer-reviewed study demonstrating the benefits of non-invasive ventilation at home.   Using 100% research identifiable fee-for-service Medicare claims from 2016 through 2020, researchers found that using NIVH to treat chronic obstructive pulmonary disease with chronic hypercapnic respiratory failure is associated with significant reductions in mortality, hospitalizations and total Medicare costs.  “In addition to...

LAFAYETTE, La. – Viemed Healthcare has published a third peer-reviewed study demonstrating the benefits of non-invasive ventilation at home.   Using 100% research identifiable fee-for-service Medicare claims from 2016 through 2020, researchers found that using NIVH to treat chronic obstructive pulmonary disease with chronic hypercapnic respiratory failure is associated with significant reductions in mortality, hospitalizations and total Medicare costs.  “In addition to...

LAFAYETTE, La. – Viemed’s latest growth figures signal that business is returning to something close to normal, company execs said during a recent call to discuss first quarter financial results for 2022.  The company reported core net revenues increased 18% compared to the same period last year.  “To sum up the overall theme of the first quarter, I would say execution, fueled by demand, driven by return-to-normal course of business,” said CEO Casey Hoyt.  Viemed...

LAFAYETTE, La. – Medicare’s Qualified Independent Contractor found that 77% of certain claims for non-invasive ventilation submitted by Viemed Healthcare were, indeed, medically necessary.  The Office of Inspector General in May 2021 issued a report saying most of the Medicare claims submitted for non-invasive ventilation by the company under its original name, Sleep Management, did not comply with Medicare requirements, something the company pushed back on.  “The...

LAFAYETTE, La. – Viemed Healthcare reported core net revenues of $30.2 million for the first quarter of 2022, an increase of $4.7 million or 18% over the same quarter in 2021.   Total net revenues for the current quarter were $32.3 million, which included approximately $2.1 million for contact and vaccine tracing services related to the COVID-19 pandemic.  “The record setting quarter in our core business is a reflection of the momentum we are beginning to see in a post...

LAFAYETTE, La. – Viemed’s sleep and respiratory businesses grew the fastest in 2021, but the company is focused on diversifying into other areas, says CEO Casey Hoyt.  The company has previously placed a lot of emphasis on hiring sales rales reps to grow its core sleep and respiratory businesses, which generated $29 million in net revenues for the fourth quarter, a company record.  “Our goal for 2022 will be to be laser focused on netting 20 new areas, as opposed...

LAFAYETTE, La. – Viemed Healthcare reported net revenues attributable to its core business were $29 million for the fourth quarter ended Dec. 31, 2021, a company record and an 11% increase over the same period in 2020.  Total net revenues were $32 million for the quarter, including $3 million for contact and vaccine tracing services and product sales related to the COVID-19 pandemic; and $117.1 million for the full year, including $8.6 million of COVID-19 related sales and services.  “We...