RE:RE:RE:RE:RE:When is Reliq announcing quarterly financials?No, not lied, but she needs to simmer her enthusiasm. Run rate would be 2 mil a month at 40000 patients but investors will assume that that means they should collect 2 mil a month and that wont be the case:
I don't know if claims are sent through e-submissoin or through the mail, but any mistake on a form will have to be re-processed and with staff off sick during covid both on Reliq's side, patrons of the product side, and at Medicare/caid, there will be a backlog. Also, attrition rate of about 10%, and not able to bill for about 10% because they are hospitalized.
So, 10% attrition, 10% unbillable due to hospitalization, 2-5% human error/staffing issues
So, the money will come in but IMO, it takes about 6 mths to recognize revenue. Patient has to get used to product for 1-3 mths, 2 mths for Medicare/caid to pay, and 2 mths for client to pay Reliq.
I don't think the Co. knows what to expect with the number of onboards they have now, and there will be many bumps to smooth out.
The financials will only get better, and soon enough it will be a continuous income stream, but Lisa needs to explain the delays, and help investors understand
aaaaaargh wrote: So are you thinking that Lisa flat out lied when she said that they were at a 2 million a month run rate at the end of december?
teeswater wrote: If that were the case, they would have announced profitability by now.
I predict 3.2 to 4 million