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Bullboard - Stock Discussion Forum 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... see more

NDAQ:VMD - Post Discussion

Viemed Healthcare Inc > Which code does VMD bill for NIV?
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Post by Desi2019 on May 25, 2021 2:44pm

Which code does VMD bill for NIV?

According to this report, E0464 (pressure ventilation) is the billing code that went up a lot, whereas the other ones were stable (see page 5 graph). The E0464 billing code is ~ $1300 a month and this is higher than average per patient revenue mentioned by VMD (~$900). Is it fair to assume that most VMD billing code are E0461? This latter one didn't change much. 

https://oig.hhs.gov/oei/reports/oei-12-15-00370.pdf
Comment by lscfa on May 25, 2021 3:24pm
There was a 33% cut in reimbursement rates beginning 2016.    
Comment by JackLambert on May 25, 2021 3:31pm
LSFCA - might this mean in your view there is nothing left to cut in reimbursement rates across the industry?
Comment by lscfa on May 25, 2021 3:51pm
I suspect vents bids in latest bidding round were higher than current reimbursement rates just like most of the other 15 dmepos items.    CMS SHARES BID PRICING FOR ROUND 2021 IN LAS VEGAS, PIVOTAL BID FOR CPAPS WAS 157.4% HIGHER News   HME News Staff Updated 7:06 PM CST, Fri January 15, 2021 ...more  
Comment by JackLambert on May 25, 2021 3:55pm
Ah. Thx.  
Comment by Desi2019 on May 25, 2021 3:32pm
I still don't understand how this is a problem for vent suppliers like VMD as it is the prescriber (physician) who decides if NIV is indicated and they take that medical/legal responsibility. As long as the matching machine is used (i.e. not billing for vent when a CPAP is actually being used) I can't see how they can prove any supplier actually overbilled.