Viemed Healthcare Inc VMD

Assume CMS is working through OIG report before response

[besttobe]

Which we all know, Gov't works slowly. The longer it takes for them to make a decision , the worse it will be for the S/P. imo

I assume as Hoyt stated, they will fight this all or nothing . If they give in at all, it leaves things open for future audits on thier revenues. 

Let's hope this ends positively for all investors and VMD did as they said "
The best thing for their patients and saved money for the system at the same time."  

I assume this will take time to come to ahead. 

GLTA

[JackLambert]

Decades probably.   By which time all we will be able to do is give our stock certificates away like candy at Madi Gras.  

[JackLambert]

Or is it beads at Mardi Gras ?  Or is it condoms?   Something is given away at Mardi Gras.  

[besttobe]

Jacklambert wrote "Decades probably" For micro cap investors a month ot two, feels like a "decade". I assume though you agree, the sooner this is resovled the better it will be for this stock. Well if you don't the market sure does.  Goodluck to all....

[JackLambert]

Remember this one?   I'd forgotten the primary care ACO is also federally regulated.   The left hand and the OIG right hand are clearly not at all in synch.  price of error ? - $0.    VieMed Healthcare, Inc. (VMD) announced an innovative alliance with Commonwealth Primary Care ACO Commonwealth's clients will have access to VieMed's clinically

[JackLambert]

Is it just me or are there a lot of doctors auditors and fed regulators NOT having a problem here.   I wonder why Maximus does??

[lscfa]

ACO's work on the value based care model so are not concerned with reimbursement rates. If they can contract with VMD to save money and increase patient care they get rewarded.   https://www.decorm.com/understanding-fee-for-service-and-value-based-care/

[JackLambert]

Sure. But they certainly are worried if 98% of vmds reimbursements wiuld not be allowed.  

[lscfa]

Doesn't work like that. Medicare agrees in advance to pay an ACO a set amount for the year to service patients at specified minimum quality levels.  If the ACO can find cost savings in the process it keeps them or shares them with CMS. If it increases service quality it gets rewarded too. 

[lscfa]

  p.s. if OIS are going to be aholes then VMD will just ease out of the fee-for-service market and go after the value based market. I believe Hoyt said that the VA had ~ 200,000 COPD patients which dwarfs the measly 8000 patients VMD currently services.

[JackLambert]

Right on.  The core assumption that people make that we are tied to CMS is far from carved in stone. If this chicanery with Maximus keeps on they can move on. that's the beauty of virtual service models.  Not bound to anything.   And the beauty of our light service model. Hire an RT and with 48 hours they can be selling in North Dakota.  I notice a couple of RTs on

[LongTerm3]

Besttobe,      You must have inside information. Who says that CMS is doing anything? CMS did an Audit already. What you mean to say is: "Will CMS audit CMS"  -  I think this is what you mean. I doubt it. I'm sure there will be some question on the call, and they will say they don't have any information yet.  At this time nothing is happening, so

[besttobe]

Just a reminder for you Longterm....So we wait... Per RBC... "The final decision on whether to issue an overpayment determination and recoup any funds lies with CMS, and at this point it is not clear when this issue could reach some sort of resolution."

[LongTerm3]

Exactly    "CMS will Audit CMS Again" LOL

[besttobe]

Longterm wrote "Exactly    "CMS will Audit CMS Again" LOL" But remember... Per OIG.... In CMS’s January 30, 2018, letter notifying Sleep Management of its intent to terminate the prepayment suspension, CMS stated, “[p]lease be advised that this action to terminate your payment suspension should not be construed as any positive determination regarding your Medicare

[LongTerm3]

That was 3 1/2 years ago. Still nothing has happened. 

[besttobe]

Longterm wrote..."That was 3 1/2 years ago. Still nothing has happened." So we agree the Gov't works slowly. The OIG report was just published and now we wait for CMS response to it.  Tick tock .....tick tock....... tick tock.... 

[LongTerm3]

Nothing is happenning.The so called clock is over in six months.  And they will still be hiring in six months.  You don't play QIPT vs. VMD in the same industry. That is not a good move. 

[besttobe]

NIV is under attack by the OIG. VMD is all about NIV.  Quipt is diversified and only 17% of its business is vents. It is not a target. 

[JackLambert]

Nonsense.  Vmd is about remote home respiratory care.   They are not a DME.  

[besttobe]

Jack wrote "Nonsense.  Vmd is about remote home respiratory care.   They are not a DME.  " Ok Jack..Not sure if you know what company you bought, but here are the highlights from the opening of their IR presentation... Largest independent specialized provider of ventilation (NIV) in the US home respiratory health care industry Highly profitable with a 45% CAGR in

[LongTerm3]

besttobe,        How is the QIPT investigation going, they haven't put out a release. 

[besttobe]

Maybe go back and read the OIG press release where they said their targets for investigations/audits were the three top providers for NIV's in the US. Quipt is not one of them. Anyway...could this effect Quipt? Yes I am sure all eyes in the HME industry, are on what happenes to VMD and decision CMS makes. . Hopefully favorable and hopefully soon.   All for now. Best to you...

[LongTerm3]

besttobe,     Again what decision are you talking about? CMS hasn't said a word about any case. Please show me in print.

[JackLambert]

PROVIDER Best.  We have no skin in the manufacturing game.

[besttobe]

Jack....i am sorry, but you are just too dumb to debate with. Maybe do a liitle more DD on the top three "providers" that claimed most of the CMS NIV code. Start there.  Last post to you...too dumb..

[JackLambert]

Just when I thought we were getting along.  no offence but is English your native tongue?

[JackLambert]

Best - take another look at this.   You think OIG is going to war with Lafayette.  Why on earth would they?? worth a look for those who are not clear on the efficacy of NIV.   Somewhere buried deep in the OIG report there is a fair point.   There are multiple devices and some can be downlevelled to operate as other cheaper ones.  It may not be clear always what mode

[LongTerm3]

So they are going after that 17% of QIPT.  Just like OIG only audited 100 cases, which is .000125% of current patients.

[JackLambert]

Years.  Decades.   2041.    we're doomed.  Doomed I say!! or next week.  Whichever comes first.   Hoyt looks to me like a scrapper.  I think he is spelling it all out to CMS right now.   And they have given him a reason to think nothing much will happen.