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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 > HME article- wishful reimbursement relief? 30% cuts? hmmmm
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Post by besttobe on Oct 26, 2022 3:57pm

HME article- wishful reimbursement relief? 30% cuts? hmmmm

PRESSURE BUILDS TO ADVANCE REIMBURSEMENT RELIEF‘THIS IS WHAT WE’VE BEEN PREPARING FOR’

ATLANTA – A small group of HME stakeholders is scheduled to meet with Rep. Brett Guthrie, R-Ky., on Wednesday for a “last good push” to get H.R. 6441 attached to a larger bill prior to the end of the year, Jay Witter said during the AAHomecare Update at Medtrade on Tuesday. 

Jay Witter, senior vice president of public policy for AAHomecare, along with John Gallagher of VGM Government Relations and Seth Johnson of Pride Mobility Products, are meeting with Guthrie, who is the Republican leader on the House Energy and Commerce Health Subcommittee, to advocate for extending a 90/10 blended reimbursement that’s currently in place for competitive bidding items in competitive bidding areas. 

“It took us a long time to get where we’re at, but this is what we’ve been preparing for,” Witter said. 

There will likely be two larger bills that will be voted on prior to the end of the year that H.R. 6441 could be attached to, Witter said: a bill for government spending and a bill for Medicare-related items. 

Stakeholders are also working with Sen. John Thune on a bill that would extend the 75/25 blended reimbursement rate that’s currently in place in rural areas for a set time beyond the public health emergency, Witter said.  

“The cost issues and the challenges with labor and fuel and the supply chain won’t end with the PHE,” he said. 

Additionally, stakeholders are seeking to address a potential 4% Medicare reimbursement cut related to deficit spending in Congress, Witter said. A 1% cut already went into effect from April to June, and then a 2% cut starting in July. 

“If Congress doesn’t fix that by the end of the year, that will be added to the 2% sequester cuts,” he said. “We’ve been talking about this for the past six or seven months, and now the rest of the health care sector is on board.” 

Other notables from the AAHomecare update: 

  • Tom Ryan, president and CEO of the association, on third-party administrators: “Are they a friend or a foe? They’ve had some major traction on the payer side – they have the opportunity to work with a lot of payers, but we also want them to work with the industry. We want them to know our pain points and feel our pain points, and advocate with us to payers.” 
  • Kim Brummett, vice president of regulatory affairs, on the next round of competitive bidding: “We’ve had some serious conversations with some senior folks at CMS and we don’t get the sense it’s a priority. They’re too busy unraveling the waivers. If I were a betting person, I’d say even 2024 is unlikely.” 
  • Brummett on the next CPI-U update for DME: “We maybe feel comfortable that it will be in the neighborhood of 8.7%, but it won’t be released until December. It’ll be a higher rate than we’ve had, but unfortunately, that’s because of inflation.”
Comment by LongTerm3 on Oct 26, 2022 5:19pm
Who put that 30% cut on top of the article. It has no mention of it when I found the original story. Please keep this board professional, and with facts.
Comment by Carlito3211 on Oct 26, 2022 5:28pm
Yep we all wonder who the lying scumbag piece of crapp would be on this board eh?? He's like a dose of clapp that keeps coming back, even after he said he was leaving for two years.
Comment by besttobe on Oct 26, 2022 5:39pm
'WE NEED A LIFESAVER,’ STAKEHOLDERS SAY News   Theresa Flaherty, Managing Editor Updated 12:11 PM CDT, Fri September 23, 2022 WASHINGTON – A continuing resolution to fund the government is expected to pass without any of the industry’s legislative initiatives, but stakeholders are looking ahead to the end of the year, with a boost ...more  
Comment by Tropicalsun on Oct 26, 2022 5:53pm
My guess would be everybodies favorite Mr. B2B
Comment by Carlito3211 on Oct 26, 2022 9:52pm
Hey Tropic. You should spell 'everybodies', 'everybodys'.The I and the E make it sound like bowdie. The Y shortens it up to sound correct like boddy. Back to school with you buddy. Did you ever take spelling in school?? 
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