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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

Post by Desi2019on May 25, 2021 4:58pm
140 Views
Post# 33264597

Full report - page 44

Full report - page 44" Notwithstanding the rationale prompting this Audit, the medical record documentation for every audited claim contained an order from the treating physician for an NHV, not a CPAP or RAD, and demonstrated that the equipment was set up for ventilator mode for NHV therapy, the NHV therapy was medically necessary in each case, and each patient used the device in ventilator mode in a manner consistent with the patient’s ventilatory needs and the treating physician’s order. In other words, OIG found no evidence in any medical records related to the 100 audited claims that VieMed was using the ventilators in CPAP or RAD mode or billing the Medicare program inappropriately, as reflected in OIG’s concerns in the Data Brief. " 

In other words, VMD fullfilled the prescriptions for NHV accurately. I read the other parts of full report and the crux of the issue is documentation of patient diagnosis and severity of it (which is actually something that puts the onus on physicians and I don't see this as a supplier issue).
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