Crazy Story...I had given the lead to my uncle who is a broker and he ended up with about 40K shares for his clients in the $28 range....sold them between $48-50/share...
Next Thursday I have a meeting with a group of doctors that will help me clarify some news I got this week..
My initial thought is that free standing EDs were not accepting Medicare/Medicaid unless someone presented to a facility and was emergent. Now this group is opening their first hospital in Texas and this will make them take more Medicare/Medicaid type patients which could decrease their collections.
I have never heard of physicians not wanting to work for this group yet this week I had two call me to work with me because they are not interested in working with this group anymore because if the Medicare/Medicaid issues. In addition some physicians are saying they are leaving because they are not utilizing their skill set and are moving back to a traditional hospital.
Lastly one of the MDs I spoke with yesterday said that they were hoping for group/company to partner with them in Texas like they have done in AZ and CO but no one has shown interest....why are they wanting a partner? Why isn't anyone showing interest?
I say all of these to say, if top notch MDs stop working here and then revenues decline because of patient mix I'll be selling some more soon and lowering my position....just keeping you guys in loop since we got this far
They have been taking Medicare and Medicaid but if non-emergent they could tell them they will need to pay "X" or could go elsewhere. They were not sure what will happen with the hospital
Keeping my position for a while longer....heck in around 27 so got some room
Sorry for the delay, broke my foot so went to a free standing ER yesterday to help their revenue.
I'm not sure 100%, I think some just taking profit.
I have heard that their patient base has changed some so in the future their total collections can be down. Honestly I have started working with a competitor and had had to sell mine.
No. The Co-Ops are failing because Obamacare is an unworkable train wreck. Unrelated to this company. It got way ahead of itself and is coming down to earth. According to WESTTU they have changed their business model.
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Related Threads
?
?
?
?
?
2 Cool Fishing Forum
7.4M posts
115.9K members
Since 2004
A forum community dedicated to anglers in the Texas area. Come join the discussion about fishing guides, bait, safety, gear, tackle, tips, reviews, accessories, classifieds, and more!