RE:CIBCretiredcf wrote:
It is also worth noting that in the lead up to physician voting on the
agreement, the Ontario Association of Cardiologists spoke out against the
pending agreement, noting that it reduces the reimbursement rate on
telephone care (85% of in-person rates), and noted that some doctors will be
unable to continue to provide service at the reduced rate. As a reminder,
cardiology is a primary specialty at MyHealth and a meaningful portion of
MyHealth Virtual care visits are completed over the phone. We will be looking
for more details on the impact of the agreement with the quarterly results.
this is the key risk for WELL - cuts to reimbursement for MyHealth and CRH. these entities drive this company and the government taking a hatchet to healthcare is something to keep close tabs on. especially post-pandemic as they look to cut costs of public services.