Assure Holdings Corp IONM

Healthcare

Assure Holdings Corp. is a provider of outsourced intraoperative neurophysiological monitoring (IONM) and remote neurology services. The Company delivers a suite of clinical and operational services to support surgeons and medical facilities during invasive procedures. Its IONM tool is used for various surgical verticals, such as neurosurgery, spine, ear, nose, and throat, and other surgical procedures. Its in-house interoperative neurophysiologists (INP) provide the technical component IONM services from the operating room throughout the procedure, while telehealth-oriented supervising practitioners provide a level of redundancy and risk mitigation in support of the onsite INPs and the surgical team. It offers IONM services, including scheduling the INP and supervising practitioner, real-time monitoring, patient advocacy and subsequent billing for services provided. During each procedure, it provides two types of services, the Technical Component and Professional Component of IONM.

OTCQB:IONM - Post by User

Assure Holdings Corp

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Comment by lilbuggeron Aug 29, 2019 10:55am

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Post# 30079164

RE:RE:Something on Assure

Yes, I agree, something is definitely not right with the receivables.

Note 3 says:

The Company updated the cash collection analysis as of June 30, 2019. This analysis reflected

a cash collection rate equal to 98% of the amount of revenue recorded per case during the first

quarter of 2019 for the Company.

98% really, if that were correct then why did receivables go up by $9 million on sales of $13 million? Why are they now getting into the collection business?

Looks like another huge write down at year end to me. I thought Farlinger was a CPA, he should be held to a higher standard than anyone else.

Earning $0.17 per share for 6 months is too good to be true when it trades at $1.70.

GLTA

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