Lafayette healthcare company sees 20% rise in net revenue in recent quarter
Viemed Healthcare, a company in Lafayette specializing in providing in-home medical equipment and post-acute respiratory health care services across the United States, experienced significant growth in its net revenue in the last quarter. According to the company’s recent earnings report, Viemed reported a 20% increase in net revenue, reaching $60.7 million by December 31. This figure represents a $10 million increase compared to the previous quarter.
Throughout the entirety of 2024, Viemed’s total net revenue amounted to $224.3 million, showcasing a notable $41.2 million increase, equivalent to a 23% growth from the previous year. The company also demonstrated positive growth in its patient count, as the number of ventilator patients increased to 11,795, reflecting a 4% rise from the end of the third quarter. Additionally, the sleep therapy patient count experienced a significant growth of 10.0%, reaching a total of 21,338.
Viemed Healthcare’s consistent growth and success can be attributed to its commitment to providing essential in-home medical equipment and respiratory health care services to patients nationwide. The company’s dedication to delivering high-quality care and innovative solutions has undoubtedly contributed to its significant increase in net revenue and patient counts.
Viemed’s ability to adapt and meet the evolving needs of patients has positioned it as a leading provider in the healthcare industry. As the demand for in-home medical equipment and post-acute respiratory care services continues to grow, Viemed remains well-positioned to meet these demands and expand its reach across different regions in the United States.
The positive financial results reported by Viemed Healthcare serve as a testament to the company’s operational excellence and commitment to providing superior care to those in need. With a focus on innovation, patient-centered care, and continued growth, Viemed Healthcare is poised to make a meaningful impact on the healthcare industry and the lives of the patients it serves.
