TSXV:RHT.H - Post by User
Comment by
lscfaon Mar 03, 2022 11:45am
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Post# 34479350
RE:RE:5 NEW CONTRACTS/2500 PATIENTS TO BEGIN BOARDING IN APRIL2022
RE:RE:5 NEW CONTRACTS/2500 PATIENTS TO BEGIN BOARDING IN APRIL2022If the $40 million revenue guidance is achieved for C2022 it will be mostly in Q3 and Q4. I expect Jan/Feb/mar qtr to disappoint because co. keeps repeating that it's run rate at Dec 31/21 was $2 million/month but that is a bogus no. because revenue generation starts 2 to 3 months later.
When we talk about revenue recognition when we report revenue in the financials, so sales, this is sales revenue that has been recognized. And revenue is typically expected to be recognized within two to three months of onboarding of a patient onto our platform. So in the first two to threemonths, the first month, full month that a patient is on the platform is not billable, per Medicare and Medicaid. So that's a constraint that we can't get around. That's just part of the way that this business -- this industry is structured.