Post by
Possibleidiot01 on Feb 23, 2022 8:31am
Ontario reimbursements
Here's confirmation of a long term problem with the business model ; fortunately the stock price has MORE than discounted the fact customers ( governments) control the prices paid.
"Under certain amendments to the Ontario Drug Benefit Act that came into effect on January 1, 2020 , the reimbursement model for long-term care pharmacies in Ontario was changed from a fee-for-service model to a fee-per-bed capitation model under which pharmacies receive a fixed professional fee for all pharmacy services provided to residents in long-term care homes. The fee for 2020, which was prescribed at $1,500 per bed per year, was scheduled to decline to $1,400 per bed per year on April 1, 2021 . The step-down in capitation was previously postponed until April 1, 2022 and has now been postponed again until April 1, 2023 ."
Gives the company more time to automate operations before the fee reduction.
Comment by
prophetoffacts on Feb 23, 2022 1:00pm
This post has been removed in accordance with Community Policy
Comment by
MrMugsy on Feb 24, 2022 7:05pm
Which is probably why you want to add some non-drug sales (higher margin play) to this puppy - enter Revicare. Would like to see the details on this one.