RE:RE:RE:CIBCbrandinvestor wrote: monty613 wrote:
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.
CRH is a US company that depicts the rates themselves and to the insurance companies, they are not government controlled like Canadian physicians. Ontario just signed a new 3 year agreement which raised compensation to physicians/clinics by 2%, with inflation, I imagine this will continue to climb in 3 years.
agreed. but it's just something to remember here as CRH and MyHealth are price takers.
I was an investor for many years in CRH. they are reimbursed predominantly by private insurers, but the agency that sets reimbursement for publicly funded care (CMS) sets rates annually which the private insurers then follow to a degree. the healthcare system in he USA is obviously little complex.
CMS went after expensive deep sedation some years back and CRH's revenue per case got crushed. the worst of it is over and I don't forsee any major code changes, but it's certainly a key risk to the name.