RE:Headcount And just to be clear. 756 employees implies 350 respirologists maybe. Assume each is under capacity by ten clients - we've done the math on this many times before. Implies we can grow to 12,000 patients with the current staff.
Not suggesting we should not hire good people as they become available. Just saying patient growth can proceed rapidly without corresponding salary expense growth for quite a while.
Yes margins have compressed a tiny bit. But see it for what it is.