Medivolve Inc MEDVF

Healthcare Copper

Medivolve Inc. is a Canadian healthcare technology company. The Company and its subsidiaries, Medivolve Pharmacy Inc. (doing business as Marbella Pharmacy) and Kedy Ying Jao D.O., a Medical Corporation, operate a distributed network of two retail patient-care locations in California, United States. It has two business units: Medivolve Pharmacy Division (MPD) and Medivolve Clinic Services Division (MCSD). MPD provides retail pharmacy and mail-order pharmacy services related to COVID-19, antibiotics, dermatology, family medicine, immunology, neurology, pain management, pediatrics, preventive medicine and psychiatry to patients in Southern California. MCSD provides licensed healthcare through a clinic in Brea, California, United States. MCSD is focused on developing a telehealth platform, which connects patients with physicians, and facilitates and manages the provision of virtual consultation, diagnosis, and treatment services in partnership with qualified health practitioners.

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Medivolve Inc > Accounts Receivables of $ 25 million are UNCOLLECTED

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Comment by NobleFron Nov 21, 2021 7:47am

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RE:Accounts Receivables of $ 25 million are UNCOLLECTED

Insurances take 30-90 days to pay. Most of their tests are paid by the government. They've been running their test cubes since more than a year and never had a bed debt expense. This is normal for their business model.

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