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Tag: Viemed


News

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...

180 Medical, braces, FODAC, Protech, Round 2021, Viemed


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News

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...

aahomecare, BOC, LUCI, permobil, sleep apnea, Viemed, Will Dement


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Also Noted

Short takes: American Mobility, Mon Health, Viemed

June 19, 2020HME News Staff

Raleigh, N.C.-based American Mobility has acquired Ameriglide Southport/Upward Mobility SolutionsÖMorgantown, W.Va.-based Mon Health Equipment and Supplies will merge with Fairview Home MedicalÖViemed Healthcare will join the Russell 3000 Index, a capitalization-weighted stock market indexÖ

American Mobility, HOme medical equipment, Mon Health Equipment, Viemed


News

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...

aahomecare, Invacare, National Seating & Mobility, Option Care, Vertess, Viemed


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Specialty Providers

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...

guidance, vents, Viemed


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News

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...

DASCO, FODAC, United Healthcare, VGM Heartland, Viemed


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News

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),...

Ascensia, ResMed, Viemed, WHILL


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Also Noted

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,...

trading, vents, Viemed


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News

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...

BioScrip, earnings, Inogen, Viemed


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Specialty Providers

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...

NIV, study, utilization, Viemed


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