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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.


TSX:QIPT - Post by User

Comment by apainteron Mar 05, 2024 1:38pm
104 Views
Post# 35916173

RE:OIG investigation

RE:OIG investigationFrom the Q4 CC

Richard Close: Congratulations on the quarter. Greg, maybe if we can just start off with the disclosure on the investigation. I’m not sure if you’re able to say anything about that. But if you are, that would be helpful.

Greg Crawford: Yes, sure. It is an ongoing inquiry in that, but I think it would be important for everybody really to kind of understand in that, that what a CID is. And that it’s really a request for information. And it’s really kind of designed to gather facts in that, that are necessary for regulatory authorities to make decisions in that whether a violation has occurred. So — and it’s also — the government has not reached a conclusion or anything like that, that any wrongdoings occurred. So it’s essentially a fact-finding mission. We believe we have very strong internal controls on billing and compliance procedures in place, and we’re confident in our practices.

Richard Close: Okay. That’s helpful. Is there any time line that you can share or just is it open-ended?

Greg Crawford: Yes, it’s really kind of open-ended in that. I mean to kind of go through the inquiry of — to really figure out even what in that — exactly in that they’re looking for. So — but even — kind of — even given a time line, in that is just really tough.

 
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