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Tag: Viemed Healthcare


Specialty Providers

Study: NIV at home shows benefits, but underutilized

March 2, 2021Theresa Flaherty, Managing Editor

LAFAYETTE, La. – A recent study showing positive outcomes for patients treated with non-invasive ventilation at home is a step toward closing a “data gap” that prevents more patients from benefiting from the therapy, says Dr. William Fraizer, chief medical officer for Viemed Healthcare. Patients treated with NIV at home had a 50% decrease in all-cause mortality during the study period; a 28% decline in the risk of hospitalization; and a 52% reduction in the risk of an emergency...

non-invasive ventilators, research, respiratory therapy, Viemed Healthcare


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Specialty Providers

Non-invasive vents decrease mortality, hospitalization, ER visits, Viemed study shows 

January 11, 2021HME News Staff

LAFAYETTE, La. – Viemed Healthcare has published a study that shows non-invasive ventilation at home improves survival and decreases health care utilization in Medicare beneficiaries with COPD with chronic respiratory failure.  “This study is the first of its kind published in the U.S. and represents a significant milestone in our mission of educating the medical community on the benefits of NIVH,” said Casey Hoyt, Viemed CEO. “The data supports...

copd, non-invasive ventilators, study, Viemed Healthcare


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News

In brief: Apria settles with gov’t, Viemed backs Verustat

December 21, 2020HME News Staff

NEW YORK – The acting U.S. Attorney for the Southern District of New York has announced a $40.5 million settlement with Apria Healthcare for alleged fraudulent billing practices for non-invasive ventilators. The lawsuit alleges, among other claims, that Apria submitted false claims to federal health programs, including Medicare and Medicaid, seeking reimbursement for the rental of non-invasive vents to beneficiaries who were not using the NIVs. Other claims in the lawsuit: Apria...

Apria Heathcare, non-invasive ventilators, Verustat, Viemed Healthcare


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Specialty Providers

Viemed acquires stake in Verustat 

December 21, 2020HME News Staff

LAFAYETTE, La. – Viemed Healthcare has acquired a 5% interest in Verustat for $600,000, giving it a platform to enter the remote monitoring space.  Viemed will use Verustat’s RPM solution in conjunction with its own proprietary patient engagement platform (PEP), which has shown to improve patient compliance, along with labor and workflow efficiencies, according to preliminary data.   “The pandemic has...

remote patient monitoring, Verustat, Viemed Healthcare


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Specialty Providers

Viemed's new deals with Inogen, VA drive growth

November 13, 2020Theresa Flaherty, Managing Editor

LAFAYETTE, La. - Referrals bounced back in the third quarter, as Viemed sought to build out its payer networks and ink new partnerships amid the COVID-19 pandemic, company officials said during a recent earnings call. Topping the list of new deals: Viemed has an agreement to help Inogen convert leads for private insurance customers, leading to a “very robust” growth rate for oxygen of 55% quarter-over-quarter, says CEO Casey Hoyt. “Our network development team put us into a position...

coronavirus outbreak, home respiratory equipment, Viemed Healthcare


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Specialty Providers

Viemed sees double-digit growth in core biz

November 6, 2020HME News Staff

LAFAYETTE, La. - Viemed Healthcare reported total revenues of $33.4 million for the third quarter of 2020, including $8.6 million in product sales and services related to the ongoing COVID-19 pandemic. Revenues attributable to the company's core business were $24.9 million for the quarter, a 22% increase compared to the same quarter in 2019. “This year has challenged the health care system in an unprecedented manner with the ongoing respiratory pandemic creating a strain on the acute-care facilities...

coronavirus outbreak, ventilators, Viemed Healthcare


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Specialty Providers

Pandemic prep backstops hurricane response

November 2, 2020Theresa Flaherty, Managing Editor

While the COVID-19 pandemic has dominated headlines in 2020, HME providers still face challenges from natural disasters like Hurricane Laura, which blew ashore Aug. 27 in Louisiana as a Category 4 with winds of 150 mph. Both events have shined a light on the need for technology in the home to care for patients, says Casey Hoyt, CEO of Lafayette-based Viemed Healthcare. HME spoke with Hoyt about his company's response to the storm and how the pandemic helped it weather the hurricane. HME News: How...

Casey Hoyt, coronavirus outbreak, ventilators, Viemed Healthcare


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News

Providers commend CMS on changes to Round 2021

October 30, 2020HME News Staff

WASHINGTON - CMS's decision not to push forward with the majority of Round 2021 of the competitive bidding program has been met with support from numerous providers. CMS on Oct. 27 announced new payment amounts for off-the-shelf back and knee braces but not for 13 other product categories, including CPAP and oxygen therapy, because there were no expected savings. In light of the ongoing public health emergency, it's the right thing to do, says Casey Hoyt, CEO of Viemed Healthcare. “While the...

CQRC, Protech, Round 2021, Viemed Healthcare


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Also Noted

Viemed posts record-breaking revenues, EBITDA

August 6, 2020HME News Staff

LAFAYETTE, La. - Viemed Healthcare reported second quarter net revenue of $42.9 million, an increase of 111% compared to the second quarter 2019. Of that, approximately $19.7 million was from product sales related to the ongoing COVID-19 pandemic. Net income for the quarter was $19.4 million, a company record, compared to $1.3 million the same quarter in 2019. “We have once again demonstrated our ability to create value while serving as a resource for those in need during the COVID-19 pandemic,”...

Casey Hoyt, ventilators, Viemed Healthcare


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Providers

Earnings round-up: AdaptHealth, Viemed report increases in 1Q 2020

May 5, 2020HME News Staff

PLYMOUTH MEETING, Pa. - AdaptHealth reported net revenue of $191.4 million for the first quarter of 2020, a 60% increase over the same quarter one year ago.Patient Care Solutions, which the company closed on in January, generated net revenue of $33.9 million.The company reported that net loss for the quarter was $0.2 million compare to $5.8 million in the first quarter of 2019. Adjusted EBITDA was $17.5 million."Despite significant and sudden challenges brought on by the COVID-19 pandemic, our strong...

AdaptHealth, Casey Hoyt, home respiratory equipment, Luke McGee, Viemed Healthcare


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