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Tag: Viemed Healthcare


Casey Hoyt

Specialty Providers

Viemed zeroes in on organic growth

November 3, 2023Theresa Flaherty, Managing Editor

LAFAYETTE, La. – Organic growth is the “highest priority” for Viemed Healthcare, said company execs on a recent call to discuss financial results for the third quarter.  For the quarter, the company saw 11% sequential growth in its sleep business, which now comprises 17% of Viemed’s product mix, driven by the “springboard” acquisition of HMP in June.  “We’ve consistently demonstrated that we are in a position to grow independently, leveraging...

CPAP, ventilators, Viemed Healthcare


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Casey Hoyt

Specialty Providers

Viemed drives ‘strong results’ in Q3

November 2, 2023HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported net revenues of $13.6 million for the third quarter of 2023, an increase of 38% over the same quarter in 2022.  Net income for the quarter was $2.9 million, a 177% increase. Adjusted EBITDA was $12.1 million, a 73% increase.  “Viemed is executing flawlessly on our strategic objectives, driving strong financial results and remarkable growth,” said Casey Hoyt, CEO. “Our seamless integration of the HMP acquisition has...

Viemed Healthcare


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Casey Hoyt

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Viemed completes HMP acquisition

June 7, 2023HME News Staff

LAFAYETTE, La. - Viemed Healthcare has successfully completed its previously announced acquisition of Tennessee based Home Medical Products, a large regional provider of respiratory focused home medical solutions. “I’m incredibly proud to welcome the HMP team to the Viemed family,” said Casey Hoyt, CEO of Viemed. “Both organizations share a culture that focuses on high quality patient interaction in the home driven by clinical excellence and supported by technology. Today,...

Viemed Healthcare


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In brief: Viemed acquisition, Philips recall, Quipt public offering

April 21, 2023HME News Staff

LAFAYETTE, La., - Viemed Healthcare will acquire Tennessee based Home Medical Products, a large regional provider of respiratory focused home medical solutions.  “We are incredibly excited to complement our strong history of organic growth by combining great teams through accretive transactions” said Casey Hoyt, Viemed CEO. “The purchase of HMP will launch our acquisition growth initiatives with a stellar organization that has an extraordinary reputation with patients, payors...

1800wheelchair, Diabetes, Eversense, National Community Pharmacists Association (NCPA), National Registry of Rehabilitation Technology Suppliers (NRRTS), PAMES, Philips Recall, Quipt, Viemed Healthcare


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Casey Hoyt

Specialty Providers

Viemed to acquire HMP

April 18, 2023HME News Staff

LAFAYETTE, La., - Viemed Healthcare, Inc. will acquire Tennessee-based Home Medical Products, Inc., a large regional provider of respiratory focused home medical solutions.  “We are incredibly excited to complement our strong history of organic growth by combining great teams through accretive transactions” said Casey Hoyt, Viemed CEO. “The purchase of HMP will launch our acquisition growth initiatives with a stellar organization that has an extraordinary reputation with...

Casey Hoyt, Home Medical Products, Home Respiratory Equipment, Viemed Healthcare


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Viemed 'reaping the benefit’ of diverse model

Specialty Providers

Viemed 'reaping the benefit’ of diverse model

March 10, 2023Theresa Flaherty, Managing Editor

LAFAYETTE, La. – Viemed Healthcare’s various lines of business are “clicking on all cylinders,” as the company seeks to ramp up organic growth, say execs.  To do that, Viemed is further diversifying its product offerings and reducing its reliance on ventilators. In the fourth quarter of 2022, vents comprised approximately 66% of the company’s core revenue vs. 76% in the fourth quarter of 2021.  “Staffing is rolling, CPAPs are rolling, oxygen's...

Casey Hoyt, Home respiratory therapy, Viemed Healthcare


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In brief: CGM coverage, Viemed earnings, BetterNight funding

March 3, 2023HME News Staff

WASHINGTON – The DME MACs have released the updated LCD and policy article for continuous glucose monitors (CGMs), finalizing expanded coverage.     To be eligible for coverage of a CGM and related supplies, the beneficiary must meet all of the following initial coverage criteria (1)-(5):  The beneficiary has diabetes mellitus (Refer to the ICD-10 code list in the LCD-related Policy Article for applicable diagnoses); and,  The beneficiary’s treating...

Continuous Glucose Monitor (CGM), Diabetes, Medtrade, National Home Infusion Foundation (NHIF), National Registry of Rehabilitation Technology Suppliers (NRRTS), Viemed Healthcare


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Casey Hoyt

Specialty Providers

Viemed in 'strong position'

March 3, 2023HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported net revenue of $37.5 million for the fourth quarter, a 30% increase over the same quarter in 2021, and $138.8 million for full year 2022.  Net income for the quarter and year totaled $2.4 million and $6.2 million, respectively. Adjusted EBITDA totaled approximately $9.3 million and $30 million, respectively.  “Our favorable resolution of the OIG matter, debt free balance sheet and access to $90 million of additional liquidity...

Casey Hoyt, home ventilator therapy, Nasdaq, Viemed Healthcare


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Casey Hoyt

Specialty Providers

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, Office of Inspector General (OIG), Viemed Healthcare


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Viemed prevails in ALJ appeal, Medicare returns money

Specialty Providers

Viemed prevails in ALJ appeal, Medicare returns money

January 23, 2023HME News Staff

AFAYETTE, La. – An Administrative Law Judge has ruled in favor of Viemed Healthcare, overturning all remaining disputed claims for equipment services, related to findings from the Office of Inspector General.   As a result, Medicare Administrative Contractors returned 100% of the previously remitted funds to Viemed.  “We are extremely pleased with the judge’s decision in this matter, which reaffirms the high integrity of our clinical protocols and sets the record...

Administrative Law Judge (ALJ), Appeal, Casey Hoyt, Home ventilators, Viemed Healthcare


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