InvestorsHub Logo
Followers 10
Posts 1734
Boards Moderated 1
Alias Born 10/08/2011

Re: jackcross18 post# 37051

Tuesday, 10/21/2014 9:04:12 AM

Tuesday, October 21, 2014 9:04:12 AM

Post# of 52074
I think the roadblock Cdn problem is lack of incentive (unless you consider the giant bureaucracy of the hospital system to be the major problem) unlike US where HAI is not covered by Medicare. See pg 10 of this document. http://www.cfhi-fcass.ca/Libraries/Hospital_Funding_docs/CHSRF-Sutherland-HospitalFundingENG.sflb.ashx

That doesn't mean Cdn hospitals won't buy it after US take it up because there would be lots of data with US usage - Cdn likely just won't be a first mover. The marketing company mzei engaged must have initially thought they could get some sales, which might have leveraged into others in the same way big US market adoption will drive Cdn.

You wrote "Now I'm hearing the Canadian medical system is "complex" even though we have two doctors who spent their lives in the system on staff. Seems like they should be able to figure something out."
Unless you have experience in a system including knowing the players and their motives, it is easy to underestimate how difficult it is to get a specific thing done no matter how simple. I listed last week, the fact that in AB more and more bureaucrats kept showing up at each meeting demanding more and more reports all the while not spending a MOMENT discussing the product or how to economically use it. Instead of simply saying this isn't worth involving all of our manpower to study and debate when there is a simpler solution, so instead let's risk $10,000 for 10 tests to be used only on hopeless cases like last time and see if they can go 10 for 10 again (or even 1 for 10 should provide a handsome payback.) System doesn't work that way at least in Edmonton, the capital of AB (which sets the rules for which hospitals products will be reimbursed by AB bovernment) where they were attempting to get acceptance under a program dubiously called AB Initiatives Program.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.