Tag: Revenues
Viemed grows vent base by 31% in Q4
March 4, 2020HME News Staff
LAFAYETTE, La. - Viemed Healthcare 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.Viemed reported net revenues were $80.3 million for 2019, a 38% increase compared to 2018. Net income was $8.5 million, a 10% decrease.The company says it grew its ventilator patient base by about 31% in the quarter year over year, and 5% compared to the...
Inogen expects to recoup $2M
January 10, 2017HME News Staff
GOLETA, Calif. - Inogen expects to recoup up to $2 million in rental revenues for the fourth quarter of 2016 as a result of a provision in the recently passed 21st Century Cures Act. The provision requires CMS to retroactively delay a second round of reimbursement cuts in non-competitive bidding areas from June 30, 2016, to Dec. 31, 2016. The company based its estimate on preliminary, unaudited financial data, it said in a press release. “We are pleased that the Cures Act reverses some...
HME revenues, profits to decline, report says
July 8, 2014HME News Staff
NEW YORK - The HME industry has a lot going for it, including a rapidly aging population, but that may not be enough to offset increased Medicare and Medicaid regulations, according to a new report from IBISWorld. Industry revenue is expected to decline at an annualized rate of 2.5% from 2009 to 2014, bringing down total revenue to $5.6 billion, the research firm says. Profit is expected to fall to 4.2% of revenue in 2014, down from 11.6% of revenue in 2009, it says. The biggest regulation that the...