Tag: Viemed
In brief: Bid amounts for braces, changes for CGMs and external pumps, provider reactions
October 30, 2020HME News Staff
WASHINGTON – CMS on Oct. 27 announced Round 2021 single payment amounts for off-the-shelf back braces and knee braces.
The agency has made contract offers for back and knee braces in 127 CBAs, a move that it expects to save $600 million for the Medicare program and beneficiaries over the three-year contract period.
CMS is not making offers for back and knee braces in certain CBAs where savings would not be achieved. Payment in those areas will be based on adjusted fee schedule...
In brief: AAHomecare reaches out on Medicaid, LUCI launches
June 19, 2020HME News Staff
WASHINGTON —AAHomecare is working to get equitable treatment for HME suppliers who have been denied Medicaid-based relief.The Department of Health and Human Services has opened an application portal for CARES Act relief for Medicaid/CHIP-only providers who have directly billed those programs between Jan. 1, 2018 and May 31, 2020.Suppliers have reported that they have been denied any Medicaid-related relief because they received small Medicare relief payments. Even companies who declined to...
Short takes: American Mobility, Mon Health, Viemed
June 19, 2020HME News Staff
Raleigh, N.C.-based American Mobility has acquired Ameriglide Southport/Upward Mobility Solutions…Morgantown, W.Va.-based Mon Health Equipment and Supplies will merge with Fairview Home Medical…Viemed Healthcare will join the Russell 3000 Index, a capitalization-weighted stock market index…
In brief: Invacare improves adjusted EBITDA, Option Care Health sees 'robust' growth
May 8, 2020HME News Staff
ELYRIA, Ohio - Invacare reported net sales of $218.4 million in the first quarter, a 2.2% decrease compared to the same period last year.It reported $87 million in net sales for North America, specifically, about a 1% increase, driven by increased respiratory and mobility and seating product sales.The company saw a 4% increase in mobility and seating product sales, driven by a 16% increase in power wheelchairs and offset by a decline in manual mobility product sales. Gross profit was $63 million...
Viemed Healthcare increases guidance
April 8, 2020HME News Staff
LAFAYETTE, La. - Viemed Healthcare now expects 2020 net revenues to be about $23.7 million to $23.9 million as a result of increased sales of ventilators.The company is fulfilling ventilation orders in the more severely COVID-19 impacted areas of Louisiana and New York, and anticipates fulfilling a larger amount of orders during the second quarter.“We recognize that being one of the largest home-based ventilator companies in the country puts us in a unique position to help with the current...
In brief: CMS details capacity, UHC admits error, VGM opens invite
May 17, 2019HME News Staff
WASHINGTON - CMS will use a bidder's estimated capacity—or their historic capacity plus their projected increase in capacity—along with their bid amount, to rank bids, reports the coalition behind www.dmecbpeducation.com. “(CMS's) newly released capacity policy shows how influential a bidder's capacity is to setting the rate,” said Mark Higley, vice president of regulatory affairs for the VGM Group. “While CMS does not guarantee volume, bidders who overestimate their...
In brief: VGM provides talking points, Viemed shares take hit
November 20, 2018HME News Staff
WATERLOO, Iowa - The VGM Group has pulled together suggested talking points for providers who plan to comment on CMS's proposal to include vents in its next round of competitive bidding.“There are major concerns with life-sustaining equipment such as ventilators being restricted to contracted suppliers given the instability that the program has caused within the DMEPOS industry,” VGM stated in a bulletin. CMS has proposed adding the following codes to the program: E0465 (invasive),...
Viemed shares take hit due to vent proposal?
November 20, 2018HME News Staff
LAFAYETTE, La. - Viemed Healthcare on Nov. 19 commented on a “trading halt” of its shares on the Toronto Stock Exchange. The company says it is “not aware of any material undisclosed information in the business, operations or affairs that may be contributing to the level of trading activity of its shares” on the exchange. It suspects, however, that the activity could be related to CMS's plans to possibly include ventilators in the next round of its competitive bidding program,...
Earnings season: Inogen, BioScrip, VieMed
November 7, 2018HME News Staff
GOLETA, Calif. - Inogen reported $95.3 million in total revenue for the third quarter of 2018, a 38% increase over the same period last year.Net income was $16.4 million vs. $7.3 million.“The third quarter was another successful quarter for us as we generated strong revenue across all three sales channels,” said CEO Scott Wilkinson. “We are continuing to execute on our strategy to hire additional sales reps and invest in advertising activities to increase consumer awareness as we...
VieMed works to elevate NIV
November 2, 2018Theresa Flaherty, Managing Editor
LAFAYETTE, La. - As a relatively new technology, there's a lack of hard data showing the effectiveness of non-invasive ventilators in treating patients, says Dr. William Frazier, chief medical officer for VieMed.That's why VieMed recently released the results of a study, “CRF/COPD 4-year CMS Data Comparison of Mortality & Cost, (2013-2016),” conducted by KPMG that analyzed data from CMS and the provider to compare the costs and benefits of commonly prescribed respiratory assist...