Tag: Noninvasive ventilators
AAH comments on NIV NCA
October 17, 2024HME News Staff
WASHINGTON – AAHomecare has submitted comments in response to the opening of a national coverage analysis for the use of noninvasive positive pressure ventilation in the home for the treatment of chronic respiratory failure consequent to COPD. In its comments, the association strongly urged the agency to establish clear and subjective medical need criteria for coverage. “When medical professionals prescribe this therapy for their patients, it is important that the clinician community...
Viemed: Vents, sleep performing well
August 9, 2024Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare is selling back a “large number” of its aging ventilator fleet that was affected by a recall and will use the capital to buy new equipment at a cost advantage, company execs said.
During the second quarter, Viemed sold back approximately 15% of its vent fleet to Philips, which began offering a buyback program for Trilogy that had been subject to a recall.
“The recent Philips recall of these older machines has presented...
Viemed’s Casey Hoyt on win: ‘We had the confidence to fight’
January 27, 2023Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare’s recent victory at the administrative law judge level of the Medicare appeals process is as much a win for the company as the HME industry, says CEO Casey Hoyt.
Earlier this month, an ALJ judge ruled in favor of Viemed, overturning all remaining disputed claims for non-invasive ventilation related to the findings of an Office of Inspector General report and ordering CMS to return 100% of the previously remitted funds to the company.
“DME...
Ventec receives PDAC classification
September 23, 2021HME News Staff
BOTHELL, Wash. – Ventec Life Systems has had its standalone V+Pro ventilator added to the Pricing, Data Analysis and Coding (PDAC) Product Classification List under the Health Care Procedure Coding System (HCPCS) as reimbursable under codes E0465 or E0466. “Providing a family of products for patients and their caregivers is an essential element of Ventec Life System’s operational objectives, especially when ventilator demand is at the forefront due to the COVID-19 Delta variant,”...
Viemed inks VA contract
March 30, 2020Theresa Flaherty, Managing Editor
LAFAYETTE, La. - Viemed Healthcare in 2019 continued its growth path, snagging a major contract as it pushed to diversify its product mix, said CEO Casey Hoyt during a recent earnings call.The company reported net revenues of $21.4 million for the quarter ended Dec. 31, 2019, a 30% increase over revenue less bad debt expense reported for the comparable quarter in 2018. Net income was $2.4 million, a 20% decrease.For the full year, net revenues were $80.3 million, a 38% increase compared to 2018....
Viemed sees continued growth
February 28, 2019HME News Staff
LAFAYETTE, La. - Viemed Healthcare reported revenues of $18.5 million for the fourth quarter of 2018, an increase of 37% over the sane quarter the previous year. Revenues for the full year were $65.3 million, an increase of 39% compared to 2017. Adjusted EBITDA was $4.9 million for the quarter and $17.2 million for the year. Viemed grew its ventilator patient count in the fourth quarter by approximately 8% compared to the third quarter, and by 35% for all of 2018. Looking ahead, the company expects...