Brief: Viemed Healthcare Comments On Competitive Bidding Announcement

Viemed Healthcare

12/03/2019 12:24

March 12 (Reuters) - Viemed Healthcare Inc  VMD.TO :
    * VIEMED HEALTHCARE COMMENTS ON COMPETITIVE BIDDING
ANNOUNCEMENT
    * VIEMED HEALTHCARE INC - IT APPEARS AS THOUGH CURRENT
SUSPENSION
OF CBP PROGRAM WILL CONTINUE UNTIL 2021
    * VIEMED HEALTHCARE INC - 130 AREAS THAT WERE INCLUDED IN
LATEST
ROUNDS OF CBP ARE GOING TO BE AREAS INCLUDED DURING 2021
    * VIEMED HEALTHCARE - CURRENTLY SERVING CMS PATIENTS IN 39
OF
THESE CBP AREAS, AND IT CURRENTLY EXPECTS THAT IT WILL CONTINUE
TO EXPAND ITS PATIENT BASE
    * VIEMED HEALTHCARE INC - ESTIMATES THAT LESS THAN 25% OF
ITS
REVENUE IS CURRENTLY INSIDE OF CBP AREAS
    * VIEMED HEALTHCARE - AWARE OF RECENT ANNOUNCEMENT BY CMS
THAT
NON-INVASIVE VENTILATORS WILL BE INCLUDED IN NEXT ROUND OF CBP
EXPECTED TO BEGIN IN 2021

Source text for Eikon:  ID:nGNX50YBvB 
Further company coverage:  VMD.TO 

 (Reuters.Briefs@thomsonreuters.com)