Tag: Viemed
Viemed invests $2M in value-based care platform
January 16, 2023HME News Staff
LAFAYETTE, La. – Viemed Healthcare has made a strategic investment in ModoHealth, a value-based care and patient management platform connecting payers, patients and post-acute providers.
ModoHealth expects to use the proceeds of the investment to fund the expansion of its proprietary patient management network, which combines clinical tools, remote patient monitoring, data analysis and patient-centric engagement.
“We are incredibly excited to partner with the team at...
In brief: Payment increase, CAIRE expansion, Philips update
December 2, 2022HME News Staff
WASHINGTON – CMS on Dec. 2 announced a 9.1% increase for competitively bid DMEPOS items in non-competitive bidding areas and a 6.4% increase for bid items in former CBAs for calendar year 2023, AAHomecare reports.
Non-bid items will receive an 8.7% increase.
Typically, the CPI-U increases for DME have been 1%-3%. Last year, the inflation adjustment was 5% in former CBAs and 5.4% non-CBAs.
“These increases will help DME suppliers who have been dealing with rising...
In brief: Inogen growth, Permobil expansion, vax requirements
November 5, 2021HME News Staff
GOLETA, Calif. – Inogen reported $93.1 million in total revenue for the third quarter of 2021, up 25.3% from the same period last year.
By business segment, it reported $36.3 million in revenue for domestic direct-to-consumer sales, up 24.6%; and $12.1 million for rentals, up 61.3%.
“I continue to be pleased with the sustained demand we are seeing for our market-leading portable oxygen concentrators, in spite of the challenging supply chain environment,” said Nabil...
Viemed comments on Philips, OIG report
August 6, 2021Theresa Flaherty, Managing Editor
LAFAYETTE, La. – The recent Philips recall on certain CPAP devices and ventilators hasn’t created a disruption for Viemed Healthcare and may even provide an opportunity for growth, said CEO Casey Hoyt during a call to discuss the company’s second quarter earnings.
“Viemed has been proactively acquiring replacement inventory from alternative manufacturers,” he said. “We have always been a device-agnostic company, focused on service rather than equipment,...
In brief: Brooks-LaSure confirmed, SuperCare contract renewed, telehealth monitoring warranted
May 28, 2021HME News Staff
WASHINGTON -- The Senate on Tuesday confirmed Chiquita Brooks-LaSure to head CMS.
Brooks-LaSure served in the Obama Administration, where she helped guide the Affordable Care Act through passage and implementation. She also worked as a Democratic staffer for the Ways and Means Committee in the House of Representatives.
“AAHomecare congratulates Chiquita Brooks-LaSure on her confirmation as CMS Administrator,” said the association. “Her experience in roles at CMS, HHS and on...
In brief: Option Care Health and Viemed results, TexMEP exec, Heartland registration
May 7, 2021HME News Staff
BANNOCKBURN, Ill. – Option Care Health reported revenue of $759.2 million for the first quarter of 2021, an increase of 7.6% compared to $705.4 million for the same period last year.
Gross profit was $165.5 million, or 21.8% of net revenue, and adjusted EBITDA was $52.2 million for the quarter.
“The Option Care Health team delivered solid financial results in the first quarter while continuing to lay the foundation for sustained growth,” said John Rademacher,...
Viemed’s emphasis on data pays off
March 12, 2021Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare grew its core business by 21% in 2020 and rolled out several new programs in the fourth quarter that will enhance and diversify the company’s overall business in 2021, says CEO Casey Hoyt.
For one, the company has moved from pilots to national rollouts of both its “Engage” and “View” platforms, which...
In brief: Final rule, Great Elm, Best Buy Health
March 5, 2021HME News Staff
WASHINGTON – The Council for Quality Respiratory Care has partnered with AAHomecare and the VGM Group to send a one-page letter to CMS urging the agency to publish the DMEPOS final rule as quickly as possible.
A proposed rule published in October outlined the agency’s plans to make permanent the 50-50 blended reimbursement rates in rural areas.
“In light of the pandemic, it is more important than ever that the Medicare payment system provides stability to suppliers...
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...