Viemed sees patient uploads rebound in March
By HME News Staff
Updated 11:03 AM CDT, Tue May 4, 2021
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LAFAYETTE, La. – Viemed Healthcare reported net revenues for its core business were $25.5 million for the first quarter ended March 31, 2021, a 12% increase compared to the same quarter last year.
Total revenues were $28.4 million, including $2.9 million for contract tracing services and product sales related to the COVID-19 pandemic.
“The first quarter will very likely be the quarter where things began to reopen from the COVID-19 pandemic and I am once again proud of our ability to keep servicing high need patients,” said Casey Hoyt, CEO. “Our new patient uploads during March were the highest single month since the pandemic began and gave us the ability to grow our core business, even with the challenges faced during January and February. We are excited to continue utilizing our new programs, along with our traditional sales methods as more health care systems open around the country.”
Viemed reported net income of about $1.7 million for the first quarter compared to $4.2 million for the same quarter last year.
The company expects to generate net revenues of $26.2 million to $27.2 million for its core business and total revenues of $26.7 million to $28.2 million during the second quarter.
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