Tag: Home ventilators
Viemed prevails in ALJ appeal, Medicare returns money
January 23, 2023HME News Staff
AFAYETTE, La. – An Administrative Law Judge has ruled in favor of Viemed Healthcare, overturning all remaining disputed claims for equipment services, related to findings from the Office of Inspector General.
As a result, Medicare Administrative Contractors returned 100% of the previously remitted funds to Viemed.
“We are extremely pleased with the judge’s decision in this matter, which reaffirms the high integrity of our clinical protocols and sets the record...
Viemed comments on Philips, OIG report
August 6, 2021Theresa Flaherty, Managing Editor
LAFAYETTE, La. – The recent Philips recall on certain CPAP devices and ventilators hasn’t created a disruption for Viemed Healthcare and may even provide an opportunity for growth, said CEO Casey Hoyt during a call to discuss the company’s second quarter earnings.
“Viemed has been proactively acquiring replacement inventory from alternative manufacturers,” he said. “We have always been a device-agnostic company, focused on service rather than equipment,...
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...
Healthline appoints new regional director
February 7, 2020HME News Staff
WITCHITA FALLS, Texas - Healthline Medical Equipment has named Dr. Gerald "Jerry" George Mannikarote as its new regional director of ventilation & clinical marketing. He has more than two decades of health care experience, including roles at Philips Health Care, Diabetes America and VOCSN Ventilators. In his new role, Mannikarote will lead Healthline's ventilation and complex patient care efforts. “We are extremely pleased to add Jerry to our team here at Healthline,” said Michael Dick,...
Viemed reports 'record' growth
May 9, 2018HME News Staff
LAFAYETTE, La. - Viemed Healthcare reported revenues of $14.1 million and gross margin of $10.6 million for the quarter ended March 31, 2018, increases of 41% and 45%, respectively. The company had a working capital balance of $5.2 million and a $5 million line of credit. Adjusted EBITDA for the quarter totaled approximately $3.8 million or 27%. Viemed grew its ventilator patient count by approximately 38% compared to the same quarter in 2017. The company also completed an ongoing CMS audit. “Our...