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Assure Holdings Corp IONM

Healthcare Medical Care
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
Bullboard Posts
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(26)
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Post by Stuatoron Apr 24, 2020 9:22am
304 Views
Post# 30948600

Bad News in Good News

Bad News in Good NewsThe Good News:
   - collected another $100k in written off receivables from 2016 & 2017
   - to be cashflow positive in March, April, May & June
   - Gained a 
   - looks to regain procedures lost to covid in 2020

The Bad News
   - procedures were 50% of norm for March and April
   - Louisiana insurer not coperating on $7.0M worth of receivables
   - going to the market again with debentures at a lower valuation than the last 4 tranches

Assure's share price has been increasing on exceptionally low volume (sometimes as little as 200 shares/day) - not giving good enough liquidity. And if Lousiana is just 7M, what would happen if the parent company withheld all claims against Assure.  900k doesn't make up for the 7M (and potentially more) that's being withheld.

I'll sit this one out.
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