Specialty Providers

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...

SAN FRANCISCO - Social determinants like loneliness and isolation can be as lethal as smoking a pack of cigarettes per day, says Dr. Robert Mirsky, who recently joined Better Health’s board of advisors.  HME News spoke to Dr. Mirsky, former chief medical officer of Aetna Medicare, about his personal experience with social determinants and how Better Health’s peer support program can help.  HME News: How did you get interested in social determinants?  Dr. Robert...

BENTONVILLE, Ark. – MeMD, a national telehealth provider that’s part of the Walmart Health family, has launched the Walmart Health Virtual Care Diabetes Program to better provide for patients with Type 1 or Type 2 diabetes and assist employers and other institutions supporting the specific health needs of their employees.  Available as a standalone or as part of a comprehensive medical and behavioral telehealth program, the Walmart Health Virtual Care Diabetes Program was developed...

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...

OWINGS MILLS, Md. - The Board of Certification/Accreditation (BOC) has committed $30,000 to fund a study, “Racial Bias in Orthotics and Prosthetics,” the first of its kind in the O&P field.  The study is a recipient of a 2021 American Orthotic and Prosthetic Association (AOPA) and Center for Orthotic and Prosthetic Learning and Outcomes/Evidence-Based Practice (COPL) Pilot Grant.  "This research is an essential first step to reduce health disparities and improve racial...

BANNOCKBURN, Ill. – After a “sluggish” start in the first quarter of 2022, the rest of the year looks to be “productive” for Option Care Health, says CEO John Rademacher.  “As we entered the year, we were in the midst of the COVID resurgence related to the omicron variant,” said Rademacher on a recent earnings call. “This had a very disruptive impact on our referral patterns and local pharmacy operation. Given the resilience of our teams in...

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...

WASHINGTON – Stakeholders commend CMS for improvements to the recently implemented prior authorization program for five orthosis codes, but they continue to press the agency to address concerns related to direct-to-consumer shipping of certain devices.   While a nearly year-old PA program for lower limb prosthetics has been successful, stakeholders feared that the two-day turnaround for approval for orthotics would delay care, says Joe McTernan, director of coding and reimbursement...

ALEXANDRIA, Va. - Far from an exercise in aesthetics, the American Orthotic and Prosthetic Association’s (AOPA) recent rebrand was a culmination of nine months worth of data collection, member surveys, and in-depth interviews with key leaders and constituents within the profession.   "We’ve seen a lot of evolution in the orthotics and prosthetics field in the last decade or so and AOPA hasn't done enough work to keep up with that,” said Executive Director Eve Lee. “We...

BANNOCKBURN, Ill. – Option Care Health reported revenue of $915.8 million for the first quarter of 2022, an increase of 20.6% compared to the same period in 2021.  Gross profit was $200.9 million, an increase of 21.4% compared to the same quarter in 2021. Adjusted EBITDA was $77.8 million and cash flow from operations was $32.7 million.  “Despite a dynamic start to the year and ongoing pandemic disruption, the Option Care Health team executed exceptionally to ensure high...