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Tag: Viemed Healthcare


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Viemed secures new funding of up to $90M

November 30, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare has entered into new syndicated credit facilities consisting of a five-year senior secured revolving credit facility of up to $30 million and a five-year delayed draw term loan facility of up to $30 million, which may be borrowed in multiple drawdowns. The new credit facilities contain an accordion feature that allow the company to increase the size of the facilities by up to $30 million, subject to certain conditions, for a total borrowing capacity of up...

Home respiratory therapy, Viemed Healthcare


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Casey Hoyt

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Viemed drives organic growth

November 4, 2022Theresa Flaherty, Managing Editor

LAFAYETTE, La. – Viemed Healthcare is using its “high-touch, high-tech approach” to open doors to new business, including a contract with the Department of Veterans Affairs, says CEO Casey Hoyt.  “We have been awarded a solicitation contract to place our people in the homes of veterans in need of pulmonary disease management, social services and behavioral health,” Hoyt said during a recent call to discuss the company’s third quarter earnings. “The...

Casey Hoyt, CPAP, ventilators, Viemed Healthcare


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Casey Hoyt

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Viemed reports ‘robust’ growth

November 2, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported core net revenue of $35.8 million for the third quarter of 2022, a 28% increase compared to the same period last year and a company record.  Viemed grew its ventilator patient count to 9,127, an 11% increase, representing the highest year-over-year growth rate since the beginning of the COVID-19 pandemic.  “Our impressive third quarter financial results reflect robust growth and the team’s disciplined execution of strategy,”...

Home Medical Equipment, ventilators, Viemed Healthcare


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Casey Hoyt

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Viemed ready to stop ‘moonlighting’ on growth strategy 

August 5, 2022Theresa Flaherty, Managing Editor

LAFAYETTE, La. – Viemed Healthcare has doubled its patient count since the pandemic started and has inventory on the shelves “ready to go for future growth,” company execs said on a recent earnings call.  The bulk of those new patients are sleep patients, thanks to Viemed’s patient acquisition strategy, says CEO Casey Hoyt.  “Rather than going out and spending the money on buying distressed companies, we wanted to go out and really capture those patients...

Acquisitions, Viemed Healthcare


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Casey Hoyt

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Viemed sees ‘robust’ growth across business

August 3, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare reported core net revenues of $33.1 million for the second quarter 2022, a 26% increase over the same period last year – a “company record,” say execs.  The company grew its ventilator patient count to 8,837, a 9% increase.   “I am extremely proud of the robust growth across all lines of products and services, highlighting the synergies in our offerings,” said Casey Hoyt, CEO. “We're seeing the release...

Casey Hoyt, Viemed Healthcare


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Viemed builds acquisition infrastructure 

August 1, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare has added Michael Freeman as chief business development officer and Jeremy Trahan as chief legal officer and executive vice president of acquisitions and strategic transactions. Prior to joining Viemed, Freeman and Trahan were executives at LHC Group, where they directed and were integrally involved in more than 100 transactions valued at about $1.9 billion collectively. “We are thrilled to expand our team of extremely talented executives by welcoming...

Acquisitions, Viemed Healthcare


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News

In brief: Home ventilation’s benefits, California’s win, EZ-Access' expansion

July 8, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare has published a third peer-reviewed study demonstrating the benefits of non-invasive ventilation at home.   Using 100% research identifiable fee-for-service Medicare claims from 2016 through 2020, researchers found that using NIVH to treat chronic obstructive pulmonary disease with chronic hypercapnic respiratory failure is associated with significant reductions in mortality, hospitalizations and total Medicare costs.  “In addition to...

EZ-access, Fisher & Paykel, Kubat HealthCare, Millers, Philips, Traccom, Viemed Healthcare, WellSky


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Viemed releases third study on NIVH benefits

July 7, 2022HME News Staff

LAFAYETTE, La. – Viemed Healthcare has published a third peer-reviewed study demonstrating the benefits of non-invasive ventilation at home.   Using 100% research identifiable fee-for-service Medicare claims from 2016 through 2020, researchers found that using NIVH to treat chronic obstructive pulmonary disease with chronic hypercapnic respiratory failure is associated with significant reductions in mortality, hospitalizations and total Medicare costs.  “In addition to...

Non-invasive ventilation, Viemed Healthcare


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Viemed balances business, wins at QIC level 

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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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