TSXV:QHR - Post Discussion
Post by
undervalue on Apr 26, 2013 1:02am
could someone else
listen to the conf call on the web site and let me know if I heard this correctly. Near the end of the call, I believe
mgt commented that they were pleasantly surprised by the revenue per client generated in the RCM division bought. (Open EC) The revenue number in the US being $1000 to $1500 per month as opposed to a similar amount per year paid by their Canadian billing clients.
The stated recurring revenue amount mentioned of $2 million, divided by $12,000 to $18,000, implies they acquired between 111 to 166 clients.
The Open EC filings last year stated they had 5500 US Medical and Physician billing clients. Or $336 revenue per client per year. Any insight welcome....
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