Tag: Home respiratory therapy
Viemed 'reaping the benefit’ of diverse model
March 10, 2023Theresa Flaherty
LAFAYETTE, La. – Viemed Healthcare’s various lines of business are “clicking on all cylinders,” as the company seeks to ramp up organic growth, say execs.
To do that, Viemed is further diversifying its product offerings and reducing its reliance on ventilators. In the fourth quarter of 2022, vents comprised approximately 66% of the company’s core revenue vs. 76% in the fourth quarter of 2021.
“Staffing is rolling, CPAPs are rolling, oxygen's...
Stakeholders urge Becerra to protect access
March 9, 2023HME News Staff
WASHINGTON – Industry stakeholders have joined major respiratory associations in asking the Department of Health and Human Services to protect access to respiratory products for patients who qualified for care under relaxed guidelines during the COVID-19 public health emergency.
In a letter to HHS Secretary Xavier Becerra, the group, which includes AAHomecare, VGM, the American Association for Respiratory Care, the American Lung Association, the American Thoracic Society, the Council...
CQRC calls for safeguards to home respiratory access
February 2, 2023HME News Staff
WASHINGTON – The Council for Quality Respiratory Care, is calling on the federal government to implement policies to ensure patients do not experience barriers to maintaining access to home oxygen, sleep and non-invasive ventilator therapy due to new paperwork requirements that are set to take effect when the COVID-19 public health emergency ends on May 11.
“The public health emergency declaration went a long way towards ensuring the more than 1.5 million patients who rely on...
Respiratory market emerges from ‘whiplash’
January 31, 2023John Andrews
The respiratory market has undergone a series of shifts over the past two-and-a-half years, due to the pandemic and other issues, like supply chain disruptions. But now it appears that external forces have waned, creating a more stable environment for providers, respiratory manufacturers say.
Jim Worrell, chief commercial officer for Pinellas Park, Fla.-based Quality Biomedical, called the past couple of years “a roller coaster ride” as the industry continues to emerge...
Viemed secures new funding of up to $90M
November 30, 2022HME News Staff
LAFAYETTE, La. – Viemed Healthcare has entered into new syndicated credit facilities consisting of a five-year senior secured revolving credit facility of up to $30 million and a five-year delayed draw term loan facility of up to $30 million, which may be borrowed in multiple drawdowns. The new credit facilities contain an accordion feature that allow the company to increase the size of the facilities by up to $30 million, subject to certain conditions, for a total borrowing capacity of up...
Viemed prioritizes diversification
March 11, 2022Theresa Flaherty
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...
Advent Home Medical acquires Life Tech
March 10, 2022HME News Staff
PONTIAC, Mich. – Advent Home Medical has acquired Life Tech, doubling its size and creating the largest provider of home-based invasive ventilation in the country, the company says.
Founded in 2001, the Elmhurst, Ill.-based Life Tech specializes in providing respiratory therapy services and durable medical equipment and supplies to highly acute pediatric patients in the home, serving patients through four facilities in Illinois, Missouri, Wisconsin, and Indiana.
“This...
‘Big issue’ looms in respiratory care
February 11, 2022Theresa Flaherty
WASHINGTON – The Council for Quality Respiratory Care has made it a priority to find out what happens when the waivers expire that have simplified the process for qualifying a patient for home oxygen therapy during the public health emergency.
“We’ve had several conversations internally and with CMS, but there is a big issue looming if CMS doesn’t act on what’s going to happen post-pandemic with all those patients,” said Crispin Teufel, chairman of the...
Telehealth: Maximize resources
August 18, 2021Curt Merriman
Q. With the continued shortage of respiratory therapists, how do we look for ways to maximize this scarce resource?
A.One HME company has outsourced their RT coverage exclusively with a tele-respiratory therapist. This organization incorporates a couple of strategies:
The customer comes into the HME’s location and meets with a customer service representative and a tele-respiratory therapist joins remotely to provide the PAP setup instruction. The relationship is developed...
Protech lines up sleep provider
September 9, 2020HME News Staff
CINCINNATI - Protech Home Medical has executed a non-binding letter of intent to acquire a respiratory company in the Southeast reporting unaudited trailing 12-month annual revenues of about $13 million, significant adjusted EBITDA and positive net income. The target, which has been in business for more than 15 years, would significantly enhance Protech's presence in the region with five new locations, and would increase its patient count by more than 15,000. The target is highly concentrated in...