Medivolve Inc MEDVF

RE:Uncollected receivables of $ 25 million are troublesome

[rankininlet]

The accounts receivable is valued at nil until it is cash in the bank because the government considering issuing payment must ensure MEDV patient qualified for gov paid service, received service, and a number of other conformance audits.  MEDV admin may be challenged to fit the service provided into the government rulebook.  Admin work to get paid often is expensive and often meaningful amounts of wtite-offs occur for any reasons including a complex govt rulebook hampering payment or righf out blocking payment with insurmountable red tap.  I doubt 25 million is real which will impact cash position.