Tag: Viemed Healthcare
Viemed stays ‘nimble’
March 14, 2025Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed Healthcare is leaning into clinical labor, a “purposeful change” reflecting its commitment to comprehensive care, says CEO Casey Hoyt.
In addition to respiratory therapists, that clinical labor includes social workers who can provide in-demand behavioral health services, he said on a recent call to discuss the company’s fourth quarter and full year 2024 earnings.
“(We have the) ability to go out and pursue those types of (behavioral...
Viemed posts record-breaking 2024
March 11, 2025HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported record net revenues of $60.7 million for its fourth quarter 2024, an increase of 20% over the same quarter in 2023.
Total net revenues for the year were a record $224.3 million, an increase of $41.2 million, or 23% over the prior year. Adjusted EBITDA for the quarter and the year were $14.2 million and a record $51.1 million, respectively.
“We once again demonstrated our value as a vital link between patients, providers,...
Viemed ‘earns trust,’ sees growth
November 7, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported revenues of $58 million for the third quarter of 2024, an increase of 17.4% year over year and an increase of 5.5% sequentially.
The company increased its ventilator patient count by 11% sequentially to 11,374 and increased its sleep therapy patient count by 11% sequentially to 19,478.
“Viemed continues to earn a trusted place in the home with our high-touch, technology-enabled clinical approach to delivering complex respiratory...
Leaders urge industry to pull together and ‘push back’
October 25, 2024Theresa Flaherty, Managing Editor
PORTLAND, Maine – The 20th annual HME News Business Summit brought together business leaders for a frank discussion on the strides the industry has made and the work that still lies ahead.
“The industry has made some strides with data and having the ability to capture those numbers took a big leap forward in the last three years,” said Casey Hoyt, CEO of Viemed Healthcare. “Creating events like this, sharing ideas is (good for the industry). We want to see more access...
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 sees ‘remarkable organic growth’
August 8, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported record revenue of $55 million for the second quarter of 2024, an increase of 27% year over year and 9% sequentially.
Net income was $1.5 million. Adjusted EBITDA was $12.8 million, an increase of 31% year over year.
“The remarkable organic growth of our complex respiratory services continues to validate our strategy at Viemed,” said Casey Hoyt, CEO. "Our second quarter results demonstrate the substantial demand...
Viemed ‘kicks off’ with strong Q1
May 7, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare reported revenues of $50.6 million for the first quarter of 2024, a 28% increase over the prior year.
Net income for the quarter totaled $1.6 million; and adjusted EBITDA totaled $10.1 million, a 21% increase.
"I am tremendously enthusiastic about the company's performance, as we kick off 2024 with strong momentum," said Casey Hoyt, CEO. "Our steadfast investments in personnel and operational enhancements are yielding substantial...
Viemed gets controlling interest in Alabama HME
April 2, 2024HME News Staff
LAFAYETTE, La. – Viemed Healthcare has finalized its strategic partnership with East Alabama Health, providing the company with a controlling interest in East Alabama HomeMed.
East Alabama HomeMed provides HME services to patients within the EAH network, which encompasses East Alabama Medical Center in Opelika, Ala., and EAMC-Lanier Hospital in Valley, Ala., with a combined medical staff of 380 physicians, as well as those in the surrounding areas of Eastern Alabama.
"We...
Viemed fortifies sales force
March 8, 2024Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Viemed kicked off 2024 with a restructured sales force to boost ongoing organic growth, company execs said on a recent call to review fourth quarter and full-year 2023 financial results.
The company recently transitioned to a training and management infrastructure that takes a more localized approach, creating multiple territory sales manager and national sales directorship promotions, said Casey Hoyt, CEO.
“This expansion and fortification of our team...
Viemed zeroes in on organic growth
November 3, 2023Theresa Flaherty, Managing Editor
LAFAYETTE, La. – Organic growth is the “highest priority” for Viemed Healthcare, said company execs on a recent call to discuss financial results for the third quarter.
For the quarter, the company saw 11% sequential growth in its sleep business, which now comprises 17% of Viemed’s product mix, driven by the “springboard” acquisition of HMP in June.
“We’ve consistently demonstrated that we are in a position to grow independently, leveraging...