VMDNasdaqServices-Misc Health & Allied Services, NECUS GAAP · USD

Viemed Healthcare, Inc

Viemed Healthcare, Inc. is a U.S.-based home medical equipment and post-acute care company focused on respiratory, chronic care, and women’s health services. Through its subsidiaries, it provides in-home clinical care, equipment rentals, supplies, sleep testing, oxygen therapy, and healthcare staffing services across all 50 states.

Liikevaihto270milj. USD
+20,5 %v/v
Liikevoitto (EBIT)22,9milj. USD
+28,2 %v/v
EBIT-marginaali8,5%
+0,5 %-yks.v/v
Nettotulos14,9milj. USD
+32,6 %v/v
Vapaa kassavirta11,9milj. USD
+805,2 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

0100200300milj. USD2020: 131 milj. USD2020: EBIT 27 milj. USD20202021: 117 milj. USD2021: EBIT 12 milj. USD20212022: 139 milj. USD2022: EBIT 8,3 milj. USD20222023: 183 milj. USD2023: EBIT 14 milj. USD20232024: 224 milj. USD2024: EBIT 18 milj. USD20242025: 270 milj. USD2025: EBIT 23 milj. USD202527023
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Ventilator rental services51 %

Rental of non-invasive and invasive ventilators for home-based respiratory care.

Other home medical equipment rentals20 %

Rental of PAP devices, oxygen therapy equipment, and related HME devices.

Equipment and supply sales19 %

Sale of consumable supplies, sleep resupply items, and related home care products.

Healthcare staffing services7 %

Placement and recruitment of licensed clinical professionals for healthcare clients.

Women’s health services3 %

Maternal and women’s health products and services delivered through the home care platform.

Asiakkaat

Viemed serves patients who need chronic respiratory support, sleep apnea treatment, oxygen therapy, and other post-acute services in the home. Its reimbursement base is primarily Medicare, supplemented by private health insurers and, for staffing services, healthcare institutions and partners seeking clinical labor.

Medicare-reimbursed respiratory patients

Patients using ventilators, oxygen therapy, and related home respiratory services, with reimbursement largely driven by Medicare rules.

Commercial insurance patients

Patients covered by private payors for PAP therapy, sleep testing, oxygen, and other HME services.

Sleep apnea and resupply patients

Patients receiving PAP therapy, sleep testing, and recurring supply shipments through the sleep resupply program.

Women’s health and maternal care patients

Patients using maternal health and women’s health products and services added to the home care platform.

Healthcare staffing clients

Hospitals, clinics, and healthcare partners that buy recruitment and staffing services for clinical professionals.

Strategia

Viemed’s strategy is to expand its patient base by broadening home-based respiratory and chronic care offerings while deepening penetration in existing territories. It also seeks to diversify revenue through equipment sales, sleep resupply, women’s health, and staffing services, using a clinical model centered on licensed respiratory therapists.

Increase patient count and service intensityLyhyt aikaväli

The business scales by serving more patients and providing more recurring home-based care.

Diversify revenue mixKeskipitkä aikaväli

A broader mix of rentals, supplies, women’s health, and staffing reduces dependence on any single reimbursement stream.

Expand geographic footprint efficientlyKeskipitkä aikaväli

New territories can add patients without the same level of physical location cost as traditional care models.

Maintain clinical service quality through staffingPitkä aikaväli

The home-care model depends on licensed clinicians to deliver therapy and counseling in the patient setting.

Maantiede

Viemed operates in the United States and serves patients in all 50 states. Its business is geographically broad rather than concentrated in a few markets, which supports scale but also ties performance to U.S. reimbursement policy and state-level healthcare access patterns.

Riskit

Viemed is exposed to reimbursement risk because a large share of revenue depends on Medicare and other payors that can change coverage, pricing, or payment timing. It also faces regulatory, cybersecurity, malpractice, and competitive risks typical of home medical equipment and post-acute care businesses, where service quality, billing accuracy, and data security are critical.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Medicare reimbursement and coverage changes1Commercial payor coverage follow-on risk2Cybersecurity and HIPAA compliance3Competitive pressure4Claims, malpractice, and insurance availability5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Medicare reimbursement and coverage changesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    A majority of revenue is tied to CMS fee-for-service pricing and Medicare payment decisions.

    Kohdistuu: Core respiratory and HME services

  2. Commercial payor coverage follow-on riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    If Medicare reduces coverage, private insurers may adopt similar restrictions.

    KohdistuuVentilatorPAPOxygen services
  3. Cybersecurity and HIPAA complianceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The company stores protected health information and relies on electronic health records and IT systems.

    KohdistuuPatient dataBillingService continuity
  4. Competitive pressureVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The respiratory care market includes larger and better-capitalized competitors.

    Kohdistuu: Home respiratory and sleep care

  5. Claims, malpractice, and insurance availabilityVaikutus: KeskitasoTodennäköisyys: Matala

    Home-based clinical services can generate liability claims and insurance may not cover all losses.

    Kohdistuu: Clinical operations and staffing services

Kirjanpito

Harkinnanvaraiset erät
Accounts receivable valuation

Receivables are recorded net of estimated concessions and probable losses, so collection assumptions directly affect revenue and assets.

Vaikutus: Revenue, receivables, and cash flow timing

Variable consideration and reimbursement estimates

Third-party billing arrangements and uncertain reimbursement amounts require management estimates that may later be revised.

Vaikutus: Net revenue and period-to-period volatility

Quarterly mix effects

Growth in supplies, staffing, and rentals can change the revenue mix and make margins and growth rates less comparable across periods.

Vaikutus: Gross margin and operating trend analysis

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026