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Tag: Revenues


Specialty Providers

Viemed grows vent base by 31% in Q4

March 4, 2020HME News Staff

LAFAYETTE, La. - Viemed Healthcare 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.Viemed reported net revenues were $80.3 million for 2019, a 38% increase compared to 2018. Net income was $8.5 million, a 10% decrease.The company says it grew its ventilator patient base by about 31% in the quarter year over year, and 5% compared to the...

Financial Results, net income, Revenues, Vents, Viemed Healthcare


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Inogen expects to recoup $2M

January 10, 2017HME News Staff

GOLETA, Calif. - Inogen expects to recoup up to $2 million in rental revenues for the fourth quarter of 2016 as a result of a provision in the recently passed 21st Century Cures Act. The provision requires CMS to retroactively delay a second round of reimbursement cuts in non-competitive bidding areas from June 30, 2016, to Dec. 31, 2016. The company based its estimate on preliminary, unaudited financial data, it said in a press release. “We are pleased that the Cures Act reverses some...

Inogen, reimbursement cuts, retroactive delay, Revenues


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BioScrip's home infusion revenues jump nearly 50%

August 8, 2014HME News Staff

ELMSFORD, N.Y. - BioScrip has reported revenues of $247.1 million and a net loss of $18.6 million for the second quarter of 2014. Total revenues increased by $74.8 million or 43.4% compared to the same period last year. Revenues from home infusion, specifically, increased $74.6 million or 47.8%. The growth in home infusion was driven primarily by continued strong double-digit organic growth and the acquisition of CarePoint Partners, the company stated.

BioScrip, CarePoint, Home Infusion, Revenues


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HME revenues, profits to decline, report says

July 8, 2014HME News Staff

NEW YORK - The HME industry has a lot going for it, including a rapidly aging population, but that may not be enough to offset increased Medicare and Medicaid regulations, according to a new report from IBISWorld. Industry revenue is expected to decline at an annualized rate of 2.5% from 2009 to 2014, bringing down total revenue to $5.6 billion, the research firm says. Profit is expected to fall to 4.2% of revenue in 2014, down from 11.6% of revenue in 2009, it says. The biggest regulation that the...

profits, research, Revenues


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