VMD - Earnings call transcript Q1 2024 | Viemed Healthcare, Inc.

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Operator

Greetings, and welcome to the Viemed First Quarter 2024 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Todd Zehnder, Chief Operating Officer.

You may begin.

Todd Zehnder

Thank you, and good morning, everyone. remarks the conference U.S. our forward-looking may that under statements note in call this include Please as Federal applicable which to Canadian Laws securities statements. Securities or legislation, we forward-looking collectively information under forward-looking refer company's Such or unities, or to results are which current statements cause and filed are in securities SEC reflect vary of views intentions results to events uncertainties our risks with certain statements. Examples to actual in and subject could indicated authorities future provinces the respect and and events the forward-looking Canada. discussed from with disclosure certain documents those risks such in or the regulatory of Because of place statements. not should and these uncertainties, investors forward-looking undue reliance on risks undertakes this call or of made update made except statements revise any in forward-looking forward-looking The required conference obligation no by statements, law. to the are company as as today, and

release, results, turn website. I'll related The started. things to news statements quarter over SEC's it including first the available now are the get on to financial financial Casey

Casey Hoyt

Todd, cash you, XXXX has cover everyone. excited for the the to later despite are of quarter Thank ahead call Operationally, Thank first we'll year. Change to a which related some share of right. solid I'm situation, this our joining and encountering Viemed's set foundation today. All flow we for disruptions that call. you morning, trajectory the schedule good Healthcare in on

new and paramount proven of XX%, field, is our up success. Onto more to sales our us team well out effective the and quarter and rep closer dedication to are showing to from is working our of impressive testament in asset tireless our a in our by and restructuring our new Viemed, which keep has the reps. trainers net At the making to development members. internal achieving tremendous existing X,XXX investing schedule an we XX% managers more valuable is our year. The and putting update, over with structure of Our than revenue recognize being home, them for sales success help grew with production QX, most their employees efforts goals ahead that

have achieving completed X. our professional East ongoing We of are Viemed's environment completed inside within first work-life more account of been skill our balance networks. This a we mentorship good more within development which offering partnership with of venture improved is with program which project center. synergies and at the acumen healthy Center, and for technology was the Alabama support oversight is instruction. Moreover, creating for our complex work April between our for to immediate business patients the also infrastructure. A clinical of through growth expertise people, This further East home existing on patient hospital joint and an into lot service HomeMed bringing on Alabama, more their model exemplifies medical Medical cultivating in needs respiratory for the will leveraging the while an belief hospital the able

been the of hospital our our for diversification our venture its diversification product driving will and acquisition hitting of This our team are hospital replicate team talent country. a focused our HMP particularly with with of laser Our and integration we success, one this HMP this business actively on project growing stride and business. success, around product way other opportunity have from major views is new joint as a strategy. making underway. Furthermore, driver JVs that a is the Discussions

untapped expanding revolutionize only but DME markets. a forces, the improvements profitability we're of help while we care the help hospital tangible expertise beyond the East suite also Alabama, to our able delivery, patients support joining significantly to drive of in to team to poised products reach go extending our full into previously of were and not With HMP offering to offer respiratory. By

acquisitions in merger is gaining activities said, to to driver of our prospective us joint remain to view organic acquisition more that do a Our see to ventures our complementary steadfast growth primary are and strategy still making as springboards business. traction, being commitment pipeline targets. allows not to strategy. This to we starting With rely as and growth and from We our focus transactions the we prudent conversations organic and strategic grow on have M&A business. we as on

implemented care also not innovative of the streamlining time-consuming of redirect free to efforts reauthorization clinical capabilities, of such only in submissions. their exceptional Care seamless landscape patients. We technology. our valuable are automating devices to tasks delivery efficiency modern service QX enhanced care which resources, that our harness proprietary back closely delivery model. of with delivering our to focused portion efforts around a health to power in these machine technology particularly operational Effective integration our good connect office We our manufacturers learning the innovating work and care high-quality our as their engage vent Manager our but By in the processes with evolving necessitates care towards we've team operations, We've allowing cutting-edge X.X, processes, platform. to also two

hospital us data-driven Our capitalize deliver partners. opportunities enables to to on ability emerging value-driven solutions our technology-centric our for strengthen payers seize trends approach and and

asset left equipped and while latest apnea, an sleep on they does emergence their sleep has manufacturers of showing a which industry also the of poised of programs the ventilators, remediation certain pap us the base age XXX of on completed for over minutes of drug to connected patients XX%, that the technologies propensity such help effects GLP-X related not capabilities. Furthermore, to shows studies Philips with paving the and higher few reduce to capitalize a the exiting improved patients cost are incentive moderate to trade-ins to to drugs generation in ResMed our the significantly product extremely data manner. means deliver lower to we're Philips of using enabling way every enhanced the competitive is XX.X% XX% categories, Trilogy drug. More -- emergence on there physician of the ventilator for X for patients. is legacy as develop more with will those and manufacturers, new are expertise As drugs the The gradually and administered. problems apnea going treatment GLP-X that are the AHI weight sleep data is still the see start after suffocate the about are

streamline sleep suit. emergence announcement the of the population. the should an saw by Samsung Fitbit now into also way which these signs is therapy follow Watch pave to diagnosis for technological sleep of advancements apnea, de and mainstream authorized the We The that to Galaxy Watch the FDA of to detect Google novo the Apple stands

We expect be business. in grow resupply this significant development would to and our sleep

and policy of rate, Despite On government industry relief the to stemming the of continues the regulatory front, remnant the resolve landscape the measures regulatory relief a efforts, Viemed last the is XX-XX navigate of health the yet evolving expiration the package from blended to reimbursement. care for COVID-related pandemic.

the and As a reminder, business of be comprehensive to a analysis on strategic expected long-term that diversified combination to minimal, impact our rural factors, suggests thanks is product mix concentration. our our including

for will swiftly changes indexing proactive financial rates by the to reimbursement operational as optimistic and indexed regulatory natural our a Todd opportunities. With to hand we I our and hedge serves operations, inflation. security. predictability emerging to and more the updates capitalize of monitoring stability and financial the on engaging of the mechanism Chief Zehnder. Operating remain developments providing to degree us ahead, Moreover, quarter, about call with on Officer, Todd? our adapt approach now policymakers positions over to a The environment Looking

Todd Zehnder

made reviewing In financial Casey. have website. been figures in the the Thanks, and U.S. SEC's are results, on available dollars the full results all

$XX.X the 'XX, core generated XX% equates Our first to quarter of $XX.X first during which to net business XXXX a in million compared quarter revenue as the of million revenues increase. net of of

reserves was about 'XX higher approximately 'XX, to Our insurance When rest why we were it and in throughout how uncommon switching quarter which excited of revenue past, But the reoffs relatively XQ was operationally quarter year. Operationally, and indicated million XQ, this shows also challenges $X.X as the the extremely expect the growth first quarter, sequential to brings patients resetting discuss XQ and the comparing seasonal XQ our is due or as the which we've to comparing sequentially, year. rapid later, was strong. AR in we're we'll flat when strong plans. not current

As our high continue in able the growth of past, organic the we continue be to stay as as to optimistic we additional recent venture. that well on rates will top joint opportunities inorganic

first Vince first as quarter quarter of compared XX% Our approximately the in XXXX. from revenue to was XX%

margins diversification. Our on margin are strong still and both focused are EBITDA gross we as and

higher to to both lower as debt quarter prior earlier our showing successful be to cyclical year, than be years, and is continue it higher We the that first in gross cost tend and are structure as reserves margins in year. periods in costs EBITDA other contribution. Consistent due with this our well managing bad

margins came quarter Our in during XX%, XX% gross the EBITDA at respectively. and and

Our gross first at $XX.X amounts came and quarter $XX.X million EBITDA respectively. and million, in

excited are throughout will performance the perspective. that solid the fast once start into the know of and beginning very operational year again We the an from financial to translate year.

percentage well. of for $XX.X G&A approximately a Our XXXX quarter of million quarter our totaled G&A revenue from the of the the to managing first continues to theme first as XXXX in decreased during during SG&A XXXX. our XX% of and million quarter XX% $XX.X compared as

the reset first As from comparison sequential quarter XQ XQ and mentioned, in year. challenge. accruals always certain is items taxes such a each as Therefore, payroll PTO the to

We items as throughout prior the normalize to year. expect these margins our annual years approximate

our to continue expenses. will at and and patient again once revenues We grow to invest rate employee experiences a faster than expect in

million amongst we capital products. $X.X on quarter, invested various the out expenditures, respiratory For approximately spread our

growing have to allocate and equipment We diverse base. no network service again the procuring supplier problems across a capital had continue with to our necessary once patient

once out to the of on discretionary in balance flow continue We manage business sheet. to our drop cash free flow have and to again the cash funded order CapEx

CapEx healthy Our XX%. at EBITDA percentage of to was

annual cash metric the discretionary will but to flow quarter that continue make in disclose less free We it relevant. fluctuations our

our significant This saw particular, accounts lower quarter, in build cash receivable. a and in increase

cyber operational during health is care attack on everyone the has and system. stresses some financial aware, Change most Healthcare on February As the put

briefly call, our to during discussed during to March claims clearing we payment team redirect alternate last began our As houses. certain

able the all our of ongoing. payers of our redirect on process carriers, While larger we remains to were move to swiftly some

over that the payments We few up seen dollars are last weeks. moved we have the the pick confident of majority and have

majority optimistic that up by of be of the delayed the second caught deposits cash end the vast are the should We quarter.

sure and delay Bonafide that diligence in the revenue to is diligently make process. a we is make very to the currently along have that, do out sure changed our with to claims and all in options. I'm partner alternate proud team, accepted are shown cycle of this the filed through only turns workflow And team goal situation in our working collections. to cash be Our order

allocation capital remained growth our Our year, organic reiterate that we last is with will opportunities highest consistent the priority. and

growth, priority. inorganic equity slots Our then X to into fall through continue debt buybacks X paydown to and the as

We happy total We $X.X venture recently cash debt our our once first also joint positive and ended million. a have have again remain and to sheet. very in the position quarter balance announced proud pristine net are of of long-term

Our all, at the we capital of continue $X.X and remain excited forward quarter our look in of end All the upcoming working to all million. quarterly was results. metrics about to and proud

the Moving on second quarter. to

revenue XX% extremely guidance range approximately We of midpoint joint our over net recent million $XX.X impressive of $X to the our showing core is core revenue includes which the have net up The in growth. to and revenue to the XXXX the related million provided second related quarter venture. sequential guidance $XX.X business, in is million

growth stated once set during about institutional our to have up. investors We couple has time, investors. At things discussions remain quarter in growth the U.S. call the going a telling Casey an analysts quarter, We our market the the throughout with again success this first current last wrap back as quarters. story of ownership opportunity active of to path and up to seen over brings quarter year. to see I'm excited increase some remain new our As over but operational challenges, rapid attract the and the last our turn to and seasonality

Casey Hoyt

Thank you, Todd.

Throughout the the first of the we've XXXX ahead. of financial strategic and profound reflect challenges. achievements call, of initiatives with filled team the robust enthusiasm our the in optimism remarkable of performance, on journey and our face were for a sense resilience discussed we of As quarter our

for commitment hold and related emergence of wearables ensuring to remains situation, with way. Despite the sustained our that advancements positioned sleep growth flow and disruptions aligned the drive to us success. studies drugs of the to us. and encountering and be forward unwavering diagnosis home the view is available of patient major Our tremendous potential opportunity operational excellence management some Change volume data should technological for of propelled GLP-X revolutionize The a well the Viemed Healthcare cash our mainstream has

marked Viemed XXXX for compared the an significant by revenue milestone same First net to year. quarter XX% last impressive period of a with our growing

optimistic Looking and ahead to remain we beyond, prospects core of success products. in about the all growth second our extremely for quarter continued our and

Our the of effectiveness our and our revenue strength guidance business our growth net the confidence for of in reflects strategies. core

we Thank As and for journey, we to quarters remarks. boundaries partners. drive and to up We We'll deliver value This for all forward again ongoing innovation, questions. to the you stakeholders. Thank you. continue once and confidence now this investors, to our our of support. you analysts, concludes look exciting our will further your superior change embark with are prepared support grateful progress push the on continued sharing open and in deeply Together, employees the we come. trust for of positive

Operator

from [Operator Street first question Lake with Instructions] Markets. O'Neil Our Capital comes Brooks

Brooks O'Neil

I welcome to to just face there. Glen. want I'm see new glad

track think there. I help to new a he'll out investors lot

bit of the it's correctly, any factor? who out you the little something there I maybe we in by little bit. would job I majority know knows. But call XQ expenses match items to attribute than that expense modeling, you'd if asking just modeling or And just So guys seasonal not trend -- QX. seasonal than are listening to heck start the I a to as were want were my QX. was your off for a is But of a effect there a more higher

Todd Zehnder

all, not Glen at No, No. -- Brooks.

If percentage of confident you a will quarter of that with look first our same not conjunction think it's on setting we of in quarter, really but flat, if line remarks, said year. And the very the revenue diversification had a bounds. things, to likely to last We like lot different and or will you that kind at of trend. last in a just than the better there's reset expenses if we're be is prepared back look of And you as stay kind up I much quarter then like in bad first are year, at we the Things beginning out nothing again of trend, confident my will. depending margins once that of -- margins, first year. completely

Brooks O'Neil

Yes. That's great, Todd.

recall you Let Are call you hearing pretty any good. is I in obviously, this. did out lot that improvement about just productivity truly force mean, ask think thinking or I me sales don't a that will drive, there restructuring. think I you'd notable things XX% you

So productivity think that did of unlocked that's sales you fantastic. exactly the that it the has is what guys you some of organization? But

Casey Hoyt

right territory them forth. are out we've reps, think reach field fact reps new development on now that I so managers with XX working driver training helping now with and most Well, and in the with so more is veteran promoting important Those extended XX the and the and our managers.

last last X year, about that and same doing year, we trainers X had think sales managers you work. If

the That's So cleanup higher to at experienced people work. we've ability actually out into producing doing field. get some a our rate. We're doubled the

the we're with reps doing of year. we So growth little is good this with news did all than bit last a less

just saw the and our grow top-tier let's at a to We with reps. and working in and new the However, up main to opportunity middle-tier we a that's now was, higher really expand are reps reps restructuring rate set now. up get major thesis

is mean, about I excited it. started the with And, really come getting it. So we're best to just yet we're because think I very

Brooks O'Neil

Great. Great.

on last of the and guys the in two is care GLP-Xs topics health big thing. going the hit on Healthcare Change my today, you So question

be I So remiss I didn't is impact from AI. about, guess going I'd ask business if be any you there to

Casey Hoyt

health the the getting hesitate already of day operationally. it's own the HIE that because find are call data have reauthorization. And of to developed into help There require info Ethicon it every some that our exchanges, the exchanges our information it, with exciting smarter all machine for them We Cerner is here starting to learning. to that and hospital some learning. some us is machine through that's and We've AI, going we missing with tool call in-house

Now our solutions, them exploring on of just the back we're of improve help of operations stand had will in out of lieutenant, and VPs I right us. And to terms that to our uncover AI that now number and all vetting of end all efficiency. we've a head that go will that solutions say

So I'm going others we've through got vendors. on lean in-house, we've got tool we're excited our It's this various own that and about to movement. --

Operator

question next our comes from Securities. Beacon with And Cooper Doug

Doug Cooper

Let's the split? particular strong. sequential would Is driving that's just X% of sequentially equally sort sleep very be it or there i.e., growth, or product growth, talk [indiscernible] about one that

Todd Zehnder

would view. Vince really I quarter, productivity Casey Vince, and good just the and said, from than ReSupply like performers the quarter This this we a say XX% were higher sleep, XX,XXX-foot strongest a start have. year, had to

across that So led the of all everything ones that out well charge. buzz but the are product kind lines, the performed those to stand

Doug Cooper

Okay.

obviously, balance far of here, sequential halfway see in that X% much continuing early the the pretty we're would put do game modeling advance where you year, right in you QX, not that see, now. You even we're but the of for growth through

Todd Zehnder

-- I was believe I think -- the know QX I just for we sequential growth. I the QX we over numbers X.X% mean, looking did call.

we're up right the are bullish now. on set So very way things

Doug Cooper

actual of and obviously what segment that growth of some was items? Can the expiration business. And the increases that? then The in you those just the Okay. by impact CPI what XX-XX, offset was

Todd Zehnder

tell -- was just going the complex $X the and So that. then shy I'll of that And combined. be of million keep the business across was impact to little than bit CPI Viemed-HMP outside adjustment the million XX-XX slightly higher a you growth the $X calculation in roughly

So and would to everything $X.XX be we changes less else somewhere benefit I comes bet you then between million just operations. it got than probably rate when normal

we it booked allowance on piece that last the about. piece So while it flat a I say million stay asking be at and that to gross -- revenue-wise we quarter. basis, growth that would pointed on you're you're about look net out, more this That I the revenue a number $X.X the

Doug Cooper

Okay.

with about, ResMed talked they some about, the referenced ResMed to drugs You and mean Any came for directly were you as [indiscernible] a out that guess apnea that? guys sleep subsequent talked opposed obviously, study drug, I obviously, I to on trials weight GLP-X that study. thoughts their loss.

Casey Hoyt

I mean, clinical I receptors that safety didn't to of didn't and that. to really Doug. drug -- study about to dig trial the I you're get a chance talking that yet, GLP-X into the compared their

I want comment. So to don't

Doug Cooper

think released. yet. it's I released it's don't don't think Yes, I

I highlights. think just are there the

the I think right? [indiscernible] study

Casey Hoyt

underway. comments patients we in will XX your their conjunction put apnea be it's we you but we'll and are a weight part drug I sleep severe XX, what Yes, drug. of most gain bring get piece with were got scenario, mean, CPAP loss their look, a spike still pounds, patients the going may saying, ResMed just path. And to moderate can on sleep that GLP-X analysis look apnea a in down they're is you and from on the think I still it are it have moderate. But down patient analyze this or seeing to their that which you're weight going program that the AHI, here's doctors and does it reduces the that from important to of XXX,XXX volume show of in

of X that the be because been with in drugs against kind for it's country been the the out, numbers view growth years that since growth So our things X.X ResMed well, last our these years, and going help experiencing of throughout and of us. have we've proven to because are these sleep our as versus

down the which And just to with addressing technology about I so more all testing that. end the patients sleep play road sleep concerns, wearables as call And excited that hand our well. home more talking should the their we're back into going think making and about was is I mainstream drive to the in that more on into

Doug Cooper

Casey. on follow-ups two So that,

want Just A. on -- any B, industry, be taken what respiratory Will do and/or seen or happening you your still turned part multiple to sleep there forward. focused change hit companies reimbursement? regulatory you Obviously, past have over given be And what's in multiples And a think have Is pay. the to the it few the going the in there M&A strategy pretty areas? will down other come public it months. people big that that

Casey Hoyt

a mean Yes. haven't in of I multiples. we much shift seen

them the of conversations mind our on targets. of on that whenever some is targets There additional we're what than different full are that bolt-on our our at focus we driver a that in was intrigued respiratory have. I their products strategizing have However, M&A these about are are top joint still we that and HMP first landing comment key venture. with DME how business make other

helped to the offering the it realize so need. maybe that the And this systems that holistic us JV hospital is just and

entire value And targets around that model so JV and out its as country. we're the we with speak other props building

I strategy changed line. hospital the owned also that after M&A we're not that our So guess respiratory DME. just from full DME is the the more after standpoint We're has

conversations those in and the and And we've guys are the -- already pipeline up. so teed we'll got

Doug Cooper

was? for $X on quarter resupply XX,XXX patients. I update revenue, X X Do have if was this it me, last quarter? And Revenue Todd, just just Okay. think in I the what patients on you could. an was million last

Todd Zehnder

got like $X I've looks -- It at million right now. that

but million I little think that. heavy we're might on get $X quarter-over-quarter, I'll So to to be have a because back you up

Operator

from comes Ridge with Alex question River next Capital. Graf our And

Unknown Analyst

of a intends will sees had resources Just in quick the and better resources? what us bit terms automating Could reauthorization. those little maybe Viemed of freed be a you granularity on up one more sense a of give how

Todd Zehnder

then proprietary this up mean that was the up Casey what using at in is that can the free is about notes, using with our download it to match talking developed will -- piloting software internally compliance which will that event people. pull and down HIEs good for we've a another a I point that of earlier. go good Engage variety Yes. we're we and loads And scour tool

have therapists, download the office could might house the it team who potentially go it have have to corporate -- machine, the to who in on gathering up office. the We doesn't we're trouble a a free back service to up data works certain of to circumstances, our that office go respiratory office from if from salesperson and free a a pull doesn't physician's to notes on get having call corporate

in So really yet what it's patients keeping hasn't full orders And out keeping more then we've you selling, your benefit, you're on. around. sales that a can variety something we're It back of could servicing a full do patients is therapists office getting people. then -- hit people been new just there scale point, and but you're to it's where more at turn working

a variety. it's So

Unknown Analyst

Understood. That's helpful.

a So cost that, become I guess efficient kind overall help takeaway that build revenue from perspective. and more should be of should largely

lead an percentage of this terms a of of costs continued that to initiative, as improvement. should guys sales, in improvement So you think or

Todd Zehnder

that using long, or on make -- hold that's always to we're in. with overall staff more a technological patients around I whole which basis, as just sure can we're keeps And up if to whether trying people trying should basis, lesser aren't a that to help also make our timely we're on realizations we so for something Yes. to off improvements it of do time, turn able faster which reauthorizations think on those tools

Operator

Street Our Bronchick from Cove Jeff comes with next Capital. [Operator question Instructions]

Jeffrey Bronchick

worried? a go situation? so does progress a messy is material UNH comment the write-off, receivables you -- over a a is the sense you that made could sort Just How you a Or are of financially? And this there's -- not this that [indiscernible]. from about there

Todd Zehnder

Yes.

from to this cash sure impact. this on So at -- carrier-by-carrier number it's a alternate is is that collections. an write-off. want like to AR takes point, versus said, point, cash our to I make we've say clearing Healthcare flow our focus $X I entire worked Change mentioned, I change isn't a at a like probably there we're down. But And million heavy as house. then QX it that At

your data have that order, to are there's changes have you that made, not you the to rejection. sure once accepted, have make So they're in

more work X don't make our carriers focused to there's in, we where that's we have months have get timely that the what go smaller team would down sure to on the So filing not through entirely to is road. but

we expect being in to don't I'm done, this industry I right at that's have that the is additional write-offs. that, is work any saying confident now. it but facing point, and think So entire

Jeffrey Bronchick

overall and But maybe again, when just year. about or an just come happens And is not up guess an the some things recap you or because it's are this regular election talk again environment have XX-XX the nothing year that the my from just that just viewpoint. not of positive aside

Casey Hoyt

or than our -- that, but be that that business, data device is there's lesser us, state-by-state just sure, basis, less the authorization of is patient fail a step adds from then proves a about basis have suffocating than started device another more approving I'll take a the and a medical a of there's lesser one. should try that -- that seen we've called more some [indiscernible]. -- it for the a clinically, wrong. I are policies and thing the asking before having I mean I it a some on go patient fail document mean, of no therapy layer And to That and guess the payers, on that where a we positive things in embracing. you burden regulatory frankly, a ventilator. And before trying they method

this now the X the with Home one also of sense. for there's that's an and able industry no we're for spreading legislation throughout country. And win there's we're positive we've the standpoint that's focused the are be that think of like because the common outside Viemed, So don't than get we've for on huge. been on mean, well. so around or of as change and but that mean, been business. it's kind a really of opposition of But D.C. really some other message this there affect affect Mississippi, that stable much overall years, to on up diabetes, or that nothing been our to just not that associations -- to it's I Care we're of as Oklahoma, pressure that seeing Louisiana really, in us. would that business. There's dealing some reimbursement. movement. on is those I our and hill, really last Louisiana. would burden relief -- things that working I really our that, pretty we've pressures I communicated, the We're with with things activity XX-XX efforts We're behind some from mean that, That's dealing like X stuff that and are regulations And on

more most couldn't we with guess, again, on I've regulatory And affairs -- business. pleased, I the frankly, of been running the since it's front. the state ever stable the with So current be it's been

Todd Zehnder

add about is it And have is Yes. answer no, while back? or generally, the get here competitive point I'll at ahead won't and in of say point time. where it can we're XX for might. an bidding don't say it the -- we We're if thing. the yes getting XXXX. always we be mean question And to And confident to you we one gets will, announced, I close and that coming months we're

either. point So for it CMS if we around will we're months, anything from hear don't going we to be the think where few XXXX be next at don't a over

last the don't soon. we While if it which rolled canceled, bid -- of it's coming bidding, it see back not don't we're anytime afraid sort just has competitive round, near properly got not we in the in we because been coming term just back out of

Operator

I'll floor over Todd closing this comments. further There are time. the Zehnder questions for no hand at to

Todd Zehnder

and you have everybody if We right. want All follow additional their up for participation, to please thank any questions.

Operator

Thank parties disconnect. conference. This concludes Have you. day. today's All may a good

Viemed Healthcare (VMD) 7 May 242024 Q1 Earnings call transcript