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Viemed Healthcare Inc VMD

Viemed Healthcare, Inc. through its subsidiaries, is a provider of home medical equipment (HME) and post-acute respiratory healthcare services in the United States. The Company’s service offerings are focused on effective in-home treatment with clinical practitioners providing therapy and counselling to patients in their homes using cutting edge technologies. The Company’s products and services include Home Medical Equipment, In-home sleep testing, and Healthcare staffing. Home Medical Equipment provides respiratory and other home medical equipment, including home ventilation, bi-level positive airway pressure (BiPAP) and continuous positive airway pressure (CPAP) devices, percussion vests, and other medical equipment. In-home sleep testing provides in home sleep apnea testing services. Healthcare staffing provides healthcare staffing and recruitment services. The Company provides home medical equipment services through its interest in East Alabama HomeMed, LLC (HomeMed).


NDAQ:VMD - Post by User

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Post by MBAon Mar 26, 2020 11:43am
265 Views
Post# 30849412

Stimulus package includes HME provisions

Stimulus package includes HME provisions

Anyone know if this assists VMD with their business activitiy?  I would think the 50/50 blended rate is good however only temporary

WASHINGTON – The Senate last night passed a $2 trillion stimulus package that included several HME-related provisions, including extending the 50/50 blended rate in rural and non-contiguous, non-competitively bid areas.

The legislation also establishes a new 75/25 blended rate, retroactive to March 6, 2020, for all other non-bid areas for the duration of the COVID-19 pandemic emergency.

“While the duration of the current emergency is impossible to predict, Capitol Hill contacts have noted to us that the Zika virus public health emergency (PHE) lasted 360 days, while the PHE related to the H1N1 flu outbreak lasted 450 days,” AAHomecare stated in a bulletin.

Other key HME provisions include the temporary elimination of the 2% Medicare sequester reduction that went into effect in 2013, effective for May 1–Dec. 31, 2020; and elimination of the three-year established patient relationship requirement from telehealth provisions in earlier COVID-19 relief legislation.

“These measures provide welcome support for the HME community as we serve patients impacted by COVID-19 and work to reduce the extraordinary burdens this outbreak is putting n hospitals and healthcare professionals nationwide,” said Tom Ryan, president and CEO of AAHomecare. “This legislation is a great step forward, but there are still numerous policy changes we’re seeking that will protect patients and HME professionals alike while also allowing our industry to make the strongest possible contribution to overcoming this pandemic.”

AAHomecare is also pushing for providing coverage for short-term oxygen therapy for beneficiaries with acute conditions to ease hospital overflows.

The legislation has moved to the House of Representatives, which could vote on it today


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