Viemed Healthcare Inc
viemed.comWhat Do They Do?
Provides home medical equipment and in-home respiratory and chronic-care services to patients, and clinical staffing to healthcare facilities.
10-K for FY2025, filed Mar 4, 2026Viemed Healthcare, Inc. (the "Company" or "Viemed"), through its subsidiaries, is a provider of home medical equipment ("HME") and…View ↗
Viemed’s primary objective is to drive growth by increasing the number of patients served and the level of care provided through its…View ↗
Home Medical Equipment: Viemed provides respiratory and other home medical equipment solutions (primarily through monthly rental…View ↗
How Do They Make Money?
Viemed seeks reimbursement from Medicare, private insurers, health plans, Medicaid, and patients for home equipment and services; Medicare is its primary payer. Rentals are billed monthly from delivery, equipment sales are counted at delivery with payment terms varying by contract, and staffing revenue is based on hourly work or agreed fees or commissions.
10-K for FY2025, filed Mar 4, 2026Viemed earns revenues by seeking reimbursement from Medicare and private health insurance companies, with the Medicare program of the…View ↗
Revenues are recorded at amounts estimated to be received under reimbursement arrangements with payors, including private insurers, prepaid…View ↗
Revenue generated from equipment that is rented to patients is recognized over the non-cancellable rental period (typically one month) and…View ↗
Revenue related to sales of equipment and supplies is recognized on the date of delivery as this is when control of the promised goods is…View ↗
Revenues associated with external staffing services are accrued on an hourly basis and are recorded based on the determination of whether…View ↗
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10-K for FY2025, filed Mar 4, 2026
FY2025 revenue by product or service (Revenue from sales and services) ↗
$270.3M
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10-K for FY2025, filed Mar 4, 2026
$270.3M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Equipment and supply sales
Sold outright
10-K for FY2025, filed Mar 4, 2026 |
67%
FY2022: 56%
|
Equipment and supply sales, FY2025
$50.3M Sources
|
Sold outright |
|
Service revenues
Usage-based
10-K for FY2025, filed Mar 4, 2026 |
33%
FY2022: 34%
|
Service revenues, FY2025
$24.9M Sources
|
Usage-based |
Who Are Their Customers?
Viemed provides equipment and in-home care to patients, bills Medicare and other insurers directly for patient sales, and offers staffing and recruitment services to third-party healthcare facilities.
10-K for FY2025, filed Mar 4, 2026Viemed Healthcare, Inc. (the "Company" or "Viemed"), through its subsidiaries, is a provider of home medical equipment ("HME") and…View ↗
In addition, we bill Medicare Part B and other insurers directly for each sale to patients. As a result, we must comply with all laws…View ↗
Viemed seeks to grow through expansion of existing service areas as well as in new territories through a cost efficient launch that reduces…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 6 cents of every revenue dollar as net income in FY2025 and turned 4 cents into free cash flow.
10-K for FY2025, filed Mar 4, 2026
$22.9MView ↗
10-K for FY2025, filed Mar 4, 2026
$14.9MView ↗
10-K for FY2025, filed Mar 4, 2026
$11.9MView ↗
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 3, 2026
Open tableView ↗
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Aug 3, 2026
Raised full-year revenue guidance and lowered adjusted EBITDA guidance
Revenue guidance rose to $314 million to $320 million; adjusted EBITDA guidance fell to $64 million to $68 million.
Sources
8-K, filed Aug 3, 2026
Net revenue is now expected to be in the range of $314 million to $320 million, compared with the previous range of $312 million to $320…View ↗
Growing. Revenue grew 2.3x in 4 years, from $117.1M in FY2021 to $270.3M in FY2025, about 23% a year.
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