RE:Big Announcement coming - UPMC Health LithLover ...
UPMC fits in many ways (# of members) the profile that appears in the latest SZLS presentation.
But there are other infos that don't match (like the coverage). The revenue side also doesn't match 7.5G$ (2017 data) versus 19G$ (in the presentation)).
Can you provide additional infos to could help clarify the missing links?
Taken from the UPMC web site:
Our Company UPMC Health Plan, headquartered in Pittsburgh, Pennsylvania, is among the nation's fastest-growing health plans. It is owned by the University of Pittsburgh Medical Center (UPMC), a world-renowned health care provider. As part of an integrated health care delivery system, UPMC Health Plan is committed to providing its members better health, more financial security, and the peace of mind they deserve. UPMC Health Plan partners with UPMC and community network providers to produce a combination of knowledge and expertise that provides the highest quality care at the most affordable price. The UPMC Insurance Services Division — which includes UPMC Health Plan, WorkPartners, UPMC for Life, UPMC for You, UPMC for Kids, and Community Care Behavioral Health — offers a full range of group health insurance, Medicare, Special Needs, CHIP, Medical Assistance, behavioral health, employee assistance, and workers' compensation products and services to more than 3.4 million members. Our local provider network includes UPMC as well as community providers, totaling more than 140 hospitals and more than 23,300 physicians throughout Pennsylvania and parts of Ohio, West Virginia, and Maryland.
From their 2017 Annual Report:
UPMC Insurance Services Division Annual Report Download a PDF version of our 2017 Annual Report » P. 40:
Shows the US coverage, which corresponds to approx.
P.58:
CALENDAR YEAR 2017 represented another solid year of growth and expansion, with Division
revenue increasing by $759 million (11.2%)
to $7.5 billion. In 2017, UPMC Insurance Services Division surpassed the
3.2 million mark in membership across all lines of business. ________________
LithLover - (6/27/2019 11:54:02 AM) Big Announcement coming - UPMC Health
I think many have underestimated what is going to be announced in a matter of days here. Look at the AGM presentation on the website. Slide 9 talks about a partnership with a large health insurance company. The company has $19 billion in revenue, 2400 doctors, 1200 clinics. Slide 10 references 3.5 Million members.
3.5 million!!! If you google that it matches up to UPMC health insurance. How many of the 3.5 million members will be tested? He is being conservative on a $30 million opportunity. And once results are shown on UPMC what health insurance company will be next. Than slide 11 talks of an employer (think firefighter) with 300,000 employees. Again how many will be tested? He's talking another $30 million which again is conservative . With $60 million that would value us at 10x revenue at $600 million or roughly $3 a share. If it takes a bit for revenues to come in and say we hit $30 million by year end ot $60 million we are valued at $1.50 per share. With a share price of $1.50 he does a 4:1 conversion to $6.00, lists on the Nasdaq and the revenue keeps climbing with new eyes on us and off the manipulated Canadian exchange. It's no wonder he's excited. Anyway a deal with a $19 billion health insurance company with 3.5 million members is going to be announced in 7-10 days. Tripp was saying 7-10 days to allow for the name change. Its been 7 days so expect this any day. Would love to see a halt first and than BOOM!!