WELL Health Technologies Corp T.WELL

WELL is not a Telehealth Stock

[brandinvestor]

Looking at everyone comparing WELL to Teledoc always makes me laugh.

Reading their numbers, well is more than 93% Clinical income and 7% EMR, Security, Telehealth, ect business.

This should be compared to other private clinic owners, in Canada it's hard since WELL is by far the largest publically traded clinic owners in the country, however comparing to the U.S we're trading at ratios that are 1/3rd to 1/8th of what some U.S clinic chains are trading at. 

With the MOH raising prices by 2% for MyHealth, this should bring in about $2-$4 million/year. 

Combined with technology, disipline and smaller tuck in aquisitions, the interest rates won't have a massive effect on WELLs debt, maybe it costs $5 Million more a year however with elective surgery being back on the tables and everyone going back to their daily lives, everything WELL does is still equally organically growing.

If anyone has any information on where they believe WELL went wrong, whether it was buying CHR, a money making machine, or purchasing MyHealth, a money making machine, or diluting the stocks (again to purchase money making machines), then I'd love to hear it!

Interest rates aside since anyone who can do the math knows that a few extra millions tacked onto the bottom of the sheet won't matter, especially if they make a profit since I believe corporations can subtrack credit interest from profits in Canada for tax savings.

[bandit69]

I don't know about the percentages but I have said this same thing a while ago.  I've read through MD&A's and don't see where the tech is.  They operate medical clinics. Even the name of the company is meant to illicit a warm fuzzy feeling for investors or potential investors.  That was my first flag.

[brandinvestor]

The technology part isn't in question, CHR with the o'regin banding device (to lazy to look up correct spelling). Oscar EMR, Intrahealth, insig, Ocean, ect all of their seed investing in tech enablement, I can see where the technology side comes from as I bet most of their software is used in their clinics. Their concept I see is the ability to use technology to better care for patients

[jdsd0517]

By that logic, Canadian Tire should change their name to Canadian Technology.    "Technology in their name is a no brainer, just because they have and the income comes from the retail side of things doesn't mean they are not using technology they own for better outcomes and profitability per customer. "

[brandinvestor]

What proprietary technology does CT offer?  WELL's entire business is around better patient outcomes and better patient care using technology. They have a whole bunch of apps for doctors, as well as software, not sure what CT offers but if there's technology that helps better customer outcome that CT has then sure they should 

[Noshortsallowed]

No to mention that one of the two sections of the company is titled "virtual services" and its like half of the revenue of the company. This guy has resorted to just lying, or perhaps he is just ignorant. He also has no answer for the fact that this macroeconomic environment actually favours a company with superior fundamentals and one that is uniquely close to profitability.

[jdsd0517]

*sigh* it's cool if you want to call me out as a liar, please have the stones to show me where I did.   you seem like a dim bulb, but I have to give you credit for making me chuckle this morning. Are you arguing that WELL is a telehealth company?  or that WELL is NOT a telehealth company?  That WELL is a technology company?  Your posts are as much of a hot mess as

[Noshortsallowed]

The lies are where you deny this company is digital health even though a huge proportion of their companies y is virtual services (circle, wisp, clinical apps) and even their physical locations focus on tech (diagnostic imaging, hybrid clinics etc). yet you paint them as strictly clinic based... so either you lie or you are ignorant. you want to point to inflation concerns as driving this stock

[Noshortsallowed]

You also lie when you say you are here out of genuine interest in a stock you don't own. Don't buy that for one second liar.

[jdsd0517]

someone check this guy into a WELL clinic for some digital health.  He is clearly off his meds and listening to voices in his head...

[LarryBird]

Don't you know by now that " No shorts " and " please be long " are two clueless kids wirh absolutely nothing to add to this forum other than their funny usernames.  I am considering shorting the stock just based on these two guys being long. Lol 

[jdsd0517]

Lots of inventory, retail POS, apps, logistics, marketing etc.  Much from third party vendors, much that is proprietary. The central point is that EVERY COMPANY uses technology today, whether they built it, bought it, or some combination thereof.  So just using technology (to create a competitive advantage) doesn't automatically make a company a "technology company."

[Noshortsallowed]

So by your reckoning a company can build and sell technologies but we should not call that company a tech company? Hmm I see your point you disingenuous liar.

[monty613]

are we really debating whether this company generates revenues from technology assets? WELL is the 3rd largest EMR provider in Canada behind Telus (PS Suite) and Loblaws/Shopper's Drug Mart (QHR). not sure what the total addressable market is for EMR or HCIT in Canada, but Oracle bought Cerner in 2021 for $28bn. not exactly chump change. MyHealth and CRH Medical are by far the company's

[LarryBird]

Does EMR have income generating value for WELL? 

[brandinvestor]

Looking at the financials when they bought just one of the 12 EMR's they have purchased it seems that they bring in 3.5MM in revenue, however I don't know how much of the 3.5 is profit. For Indivica they bring in 1.8MM, Trinty Health brings in $2 million so my guess is that with 12 of them, it probably brings in 30MMish in revenue, although these numbers are a few years old and may be

[bandit69]

There's no genius in that.  And from reading the MD&A they use third party software as part of their operations.  Big deal about using the same software for bookings.  Any kidergarten student can set up an online database/booking system these days.  Nothing spectacular there. I use MS Excel.  I think I'll change my name to Bandit Technologies.

[brandinvestor]

Being in Health Care, sure you can do that but being PHIPA compliant is much more difficult, and then selling your application to clinics is again another level. However looking at https://apps.health and looking at their recent aquisitions, it seems that they do just that, selling their tools that they use internally to external clinics as well. That being said, if you don't trust and