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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

Comment by donmayneon May 16, 2022 10:00am
200 Views
Post# 34686050

RE:VIEMED PROVIDES UPDATE CONCERNING SUCCESSFUL APPEAL OF OIG

RE:VIEMED PROVIDES UPDATE CONCERNING SUCCESSFUL APPEAL OF OIGI understand that VMD also disputes
1. the method of selecting the 100 random samples.  
2. the use of extrapolation.
3. the lack of medical expertise of Maximus vs the opinion of the 89 different physicians who prescribed the treatments

My sense is that winning the appeal at this stage has changed the nature of the dispute.  While the OIG's finding of a 98% overbilling rate carried with it a taint of unnlawfulness, the appeal ruling's finding has changed that.  Now, the dispute is more about conflicting CMS guidelines and a deeper dive into the medical evidence required to document the necessity of treatment delivered by Viemed.

The passage of time and the increased number of studies demonstrating the efficacy of NIVs will assist in any future reviews. The studies now show that the OIG's medical biases would have resulted in patient deaths and increased costs. That will be hard to justify should the appeals continue to the courts and a judge has to weigh OIG's medical opinion against the opinion of the 89 different physicians.  

It comes down to Viemed trying to save lives and comply with confused CMS guidelines vs. OIG trying to save money on technicalities of documenation despite medical opinions of 89 different physicians.  

This dispute will end in Viemed's favour.  IMHO




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