Viemed Healthcare Inc VMD

OIG decision overhang.....Not good. 50/50 Chance

[besttobe]

Toss the dice and hold for decision. hmmmmm...investing ot gambling?

Moving on to the OIG and CMS issue related to our NIV claims. We are continuing to work with CMS and its contractors through the appeal process to assess the medical necessity of the patients audited by OIG. As discussed on our last call, we filed with the QIC in the fourth quarter and are awaiting their final review of these claims. We anticipate receiving results back from this independent review during the next 30 days and are once again hopeful this round of review will have a more individualized clinical review.

[LongTerm3]

Besttobe,   please put the whole story from the 10 -Q   This can drag on for years: In May of 2021, a final report and recommendation (“Report”) was issued by the OIG regarding an audit by OIG of claims relating to 100 of the Company’s noninvasive ventilation at home (“NIVH”) patients. The OIG asserted that most of the sampled Medicare claims submitted for the monthly rental

[besttobe]

Stike one below. Is strike two coming? " The Company responded to each initial request by submitting a rebuttal and by filing a redetermination appeal as prescribed by the initial request letters and by statute. In September 2021, the MACs informed the Company of unfavorable decisions with respect to the redetermination appeals."

[LongTerm3]

Besttobe,    Please stop repeating the same thing over and over. Some people want to use this forum for facts, ideas, and thoughts. This is not a bashing platform. Please respect other people.

[besttobe]

I suppose that pumpers like you don't want to discuss the scathing OIG report elephant in the room. No worries, put me on ignore which I have now done to you. On ignore you go.  Goodluck to you......

[lscfa]

Wrong again, moron.....

[lscfa]

The stock price probably reflects more than a $9 million penalty because bonehead mgmt did not spell it out in original NR. Instead the bozos provided a link to the OIG report where a $29 million penalty was recommended. So an announcement ending this will boost the stock price.   

[JackLambert]

Yes.  They were also ineffective in underlining there was no implication of fraud.  Simply a gap in the system of internal control - and one which seems to have gotten by their own auditors.  

[JackLambert]

Nasdaq after hours.  40k traded.  Up 45 cents.   The hell is this???