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Tag: Viemed Healthcare


Viemed balances business, wins at QIC level 

Specialty Providers

Viemed balances business, wins at QIC level 

May 20, 2022Theresa Flaherty, Managing Editor

LAFAYETTE, La. – Viemed’s latest growth figures signal that business is returning to something close to normal, company execs said during a recent call to discuss first quarter financial results for 2022.  The company reported core net revenues increased 18% compared to the same period last year.  “To sum up the overall theme of the first quarter, I would say execution, fueled by demand, driven by return-to-normal course of business,” said CEO Casey Hoyt.  Viemed...

Appeals, Financial Results, Qualified Independent Contractor, Viemed Healthcare


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QIC sides with Viemed

May 17, 2022HME News Staff

LAFAYETTE, La. – Medicare’s Qualified Independent Contractor found that 77% of certain claims for non-invasive ventilation submitted by Viemed Healthcare were, indeed, medically necessary.  The Office of Inspector General in May 2021 issued a report saying most of the Medicare claims submitted for non-invasive ventilation by the company under its original name, Sleep Management, did not comply with Medicare requirements, something the company pushed back on.  “The...

Audit, Non-invasive ventilation, Quality Independent Contractor, Viemed Healthcare


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Casey Hoyt

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Viemed Healthcare sees investments pay off

May 5, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported core net revenues of $30.2 million for the first quarter of 2022, an increase of $4.7 million or 18% over the same quarter in 2021.   Total net revenues for the current quarter were $32.3 million, which included approximately $2.1 million for contact and vaccine tracing services related to the COVID-19 pandemic.  “The record setting quarter in our core business is a reflection of the momentum we are beginning to see in a post...

Home Respiratory Equipment, Viemed Healthcare


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Casey Hoyt

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Viemed prioritizes diversification

March 11, 2022Theresa Flaherty, Managing Editor

LAFAYETTE, La. – Viemed’s sleep and respiratory businesses grew the fastest in 2021, but the company is focused on diversifying into other areas, says CEO Casey Hoyt.  The company has previously placed a lot of emphasis on hiring sales rales reps to grow its core sleep and respiratory businesses, which generated $29 million in net revenues for the fourth quarter, a company record.  “Our goal for 2022 will be to be laser focused on netting 20 new areas, as opposed...

Home respiratory therapy, Non-invasive ventilation, Viemed Healthcare


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Specialty Providers

Viemed reports record quarter 

March 8, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported net revenues attributable to its core business were $29 million for the fourth quarter ended Dec. 31, 2021, a company record and an 11% increase over the same period in 2020.  Total net revenues were $32 million for the quarter, including $3 million for contact and vaccine tracing services and product sales related to the COVID-19 pandemic; and $117.1 million for the full year, including $8.6 million of COVID-19 related sales and services.  “We...

Financial Results, ventilators, Viemed Healthcare


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Casey Hoyt

Specialty Providers

Viemed overcomes headwinds

November 2, 2021HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported net revenues of $27.8 million that are attributable to the company’s core business, a 12% increase compared to the same period last year and a 6% increase compared to the second quarter.  Total net revenues for the third quarter were $29.3 million, including $1.5 million in net revenues for contact and vaccine tracing services and product sales related to the COVID-19 pandemic.  “We are excited to report another record-breaking...

ventilators, Viemed Healthcare


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Also Noted

Viemed adds to evidence for NIVH

September 20, 2021HME News Staff

LAFAYETTE, La. – Patients with COPD and CRF who were prescribed noninvasive ventilation at home had statistically significant reductions in risk of death (38.3%), hospitalizations (21.0%) and ED visits (42.9%) compared with similar patients not treated with NIVH, according to a new study from Viemed Healthcare. The study, which was published Sept. 15 in the online edition of The American Journal of Managed Care, also shows NIVH is associated with a one-year risk difference of 13% for mortality,...

COPD, Non-invasive ventilation, Viemed Healthcare


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Casey Hoyt

Specialty Providers

Viemed: Revenue, vent patient count grow

August 3, 2021HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported net revenue of $27.4 for the quarter ended June 30, 2021, a “company record” and an increase of 13% over the same quarter in 2020. Of that, $1.1 million was for contact and vaccine tracing services and product sales related to the COVID-19 pandemic.  Viemed grew its ventilator patient count to 8,103, a 5% increase over the March 31, 2021, ventilator patient count. “I am extremely pleased with our company’s ability...

Home ventilators, Viemed Healthcare


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News

In brief: Griggs takes reins, accessories need protection, Humana makes buy

June 18, 2021HME News Staff

PLYMOUTH MEETING, Pa. – Luke McGee has resigned from his positions as co-CEO and director of the board of AdaptHealth, and Stephen Griggs has been named CEO effective immediately.  Griggs, who is also a member of the board, joined AdaptHealth in February as co-CEO following the company’s acquisition of AeroCare Holdings, which he founded and led as president and CEO.  “Steve’s extensive management experience, along with health sector expertise and a proven...

AdaptHealth, Apria Healthcare, CRT Accessories, Luke McGee, NHIA, NSM, Viemed Healthcare, Virtis Health


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Also Noted

People news: AAH board, Viemed board

June 15, 2021HME News Staff

AAHomecare’s membership has re-elected Bill Guidetti of Apria as chair of the board and has approved Josh Marx of Medicare Service Company as vice chair and Mike Kloos of VGM Insurance as treasurer. Members also elected six people to at-large board seats for three-year terms: Josh Britten of BritKare Home Medical, Lucy Busa of Comfort Medical, Larissa D’Andrea of ResMed, Jennifer Pederson of Lincare, Isaac Rodriguez of National Seating & Mobility, and James Russell of URS Medical. Busa...

aahomecare, Viemed Healthcare


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