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Tag: Noninvasive ventilators


Casey Hoyt

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Viemed’s Casey Hoyt on win: ‘We had the confidence to fight’

January 27, 2023Theresa Flaherty, Managing Editor

LAFAYETTE, La. – Viemed Healthcare’s recent victory at the administrative law judge level of the Medicare appeals process is as much a win for the company as the HME industry, says CEO Casey Hoyt.  Earlier this month, an ALJ judge ruled in favor of Viemed, overturning all remaining disputed claims for non-invasive ventilation related to the findings of an Office of Inspector General report and ordering CMS to return 100% of the previously remitted funds to the company.  “DME...

Noninvasive ventilators, OIG report, Viemed Healthcare


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Ventec receives PDAC classification

September 23, 2021HME News Staff

BOTHELL, Wash. – Ventec Life Systems has had its standalone V+Pro ventilator added to the Pricing, Data Analysis and Coding (PDAC) Product Classification List under the Health Care Procedure Coding System (HCPCS) as reimbursable under codes E0465 or E0466. “Providing a family of products for patients and their caregivers is an essential element of Ventec Life System’s operational objectives, especially when ventilator demand is at the forefront due to the COVID-19 Delta variant,”...

Noninvasive ventilators, Ventec Life Systems


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Viemed inks VA contract

March 30, 2020Theresa Flaherty, Managing Editor

LAFAYETTE, La. - Viemed Healthcare in 2019 continued its growth path, snagging a major contract as it pushed to diversify its product mix, said CEO Casey Hoyt during a recent earnings call.The company reported net revenues of $21.4 million for the quarter ended Dec. 31, 2019, a 30% increase over revenue less bad debt expense reported for the comparable quarter in 2018. Net income was $2.4 million, a 20% decrease.For the full year, net revenues were $80.3 million, a 38% increase compared to 2018....

Noninvasive ventilators, Viemed Healthcare


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Viemed sees continued growth

February 28, 2019HME News Staff

LAFAYETTE, La. - Viemed Healthcare reported revenues of $18.5 million for the fourth quarter of 2018, an increase of 37% over the sane quarter the previous year. Revenues for the full year were $65.3 million, an increase of 39% compared to 2017. Adjusted EBITDA was $4.9 million for the quarter and $17.2 million for the year. Viemed grew its ventilator patient count in the fourth quarter by approximately 8% compared to the third quarter, and by 35% for all of 2018. Looking ahead, the company expects...

Noninvasive ventilators, Viemed Healthcare


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