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Big South Fork has battled its past demons, finding ways to use beds for emergency care and long term care, while partnering with the University of Tennessee Medical Center and becoming a critical care access hospital, a way to keep money flowing, and the need constant in a county of 22,000.
https://www.wvlt.tv/2024/05/06/healthcare-crunch-east-tennessee-communities-fight-keep-rural-hospitals/
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mj
A few weeks ago I had posted wondering if there was any possibility of Rennova getting back involved with Jelico Hospital since it closed once again a few months ago. I figured since they left on rough terms that was probably out of the question. But its interesting to me that Big South Fork/Leftwich and Jelico were included in the same news piece a few days ago. Could it be? Imagine BSFM, Jamestown, and Jelico back together again...one can dream right?!?..lol We shall see. One thing is clear...the community wants that hospital open and Rennova now has a great a formula for running rural hospitals.
Also this is an interesting snippet...They have partnered with the University near the Jamestown location...What is up?!?
Big South Fork has battled its past demons, finding ways to use beds for emergency care and long term care, while partnering with the University of Tennessee Medical Center and becoming a critical care access hospital, a way to keep money flowing, and the need constant in a county of 22,000.
https://www.wvlt.tv/2024/05/06/healthcare-crunch-east-tennessee-communities-fight-keep-rural-hospitals/
The wheels continue to turn...
10K Week ?!? Q/K combo pack? The ole 1-2 punch??...
IMHO
mj
Lefwich elected Scott County Chamber president for 2024
?
ByIndependent Herald
01/25/2024 2:28 PM EST
?Officers of the Scott County Chamber of Commerce for 2024 are Hal Leftwich, President; Linda Byrge, Vice President; and Sheneka Burchfield, Treasurer.
Big South Fork Medical Center CEO Hal Leftwich will serve as president of the Scott County Chamber of Commerce in 2024, while Linda Byrge of For the Love of Paws will serve as vice president.
Those were the nominations submitted by the Chamber of Commerce’s Nominating Committee to the Board of Directors at Thursday’s annual meeting, which was held at the Scott County Senior Citizens Center in Oneida. Directors approved the nominations by an all-aye vote.
The outgoing officers were Roane State Community College campus director Sharon Wilson as president and Independent Herald’s Ben Garrett as vice president.
Sheneka Burchfield, marketing director at First National Bank, will serve another year as treasurer.
Three new faces were elected to the Chamber of Commerce’s Board of Directors at Thursday’s meeting, including Ralph Trieschmann of Timber Rock Lodge, Jagger Coffey of S.T.A.N.D., and Dianna Massey of Integrity Tax Service.
Retiring directors were Cheryl Cribbet and Virginia Bruce. Also vacant was the director position of the late Wayne King, who passed away in December.
The rest of the Chamber’s board of directors remained the same, as directors whose terms expired in 2023 were nominated and elected to new terms.
The guest speaker at Thursday’s annual meeting was Eagle Scout Elijah West, a student at Scott High School.
Integrity Tax Service was awarded as the Chamber of Commerce’s Business of the Year for 2023.
Finally, Wayne King was formally presented as the 2023 Independent Herald/Scott County Chamber of Commerce Person of the Year. Attending the meeting were his wife, Kim, his daughter, Tara, his son, Corey, and his sister, Kathy West.
Imho
Mj
I think they have until June 30th for K? Assuming your not referring to the Q.
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mj
What is the skinny on this? My apologies if I missed it... but I don't recall much of any discussion regarding Nanci. Seems this could eventually tie in to what InnovaQor is doing?
https://lean6health.com/
https://markets.businessinsider.com/news/stocks/new-automated-mobile-technology-to-support-patients-launches-at-rural-tennessee-hospital-1032722642
New Automated Mobile Technology to Support Patients Launches at Rural Tennessee Hospital
PRESS RELEASE Plentisoft
Oct. 20, 2023, 06:02 AM
ONEIDA TENNNESSE, US. 19th October 2023 - Lean6Health, a medical technology startup based in Oneida, has partnered with Big South Fork Medical Center as the pilot hospital for its new application called Nanci.
Oneida, Tennessee, United States - October 20, 2023 —
Nanci is a new way to support patients once they have been discharged from the hospital. Depending on the patient’s procedure, they will receive scheduled check-ins via their phone. Based on their responses, Nanci will provide the patient with guidance and interactive support while recovering.
“Today, we rely on a stack of discharge paperwork to help patients. That’s 1970s technology. Nanci modernizes this process.” said Scott McNamara, Co-founder, and CEO of Lean6Health.
Rural hospitals face unique challenges, including the number of readmissions and the high costs associated with them. According to the NIH, 65% of readmissions in the US are potentially avoidable. These wasteful readmissions cost the US healthcare system almost $40 billion per year. By providing real-time support over a mobile device, Lean6Health hopes to save hospitals time and money.
However, the big opportunity is saving lives. McNamara continues, “As an example, for every hour that sepsis goes undiagnosed, mortality increases by 7%. If Nanci can help find post-operative sepsis and the patient is instructed to call their care team right away, we can get ahead of a possibly deadly infection.”
Nanci will support all aspects of healthcare including but not limited to ER, surgery, behavioral health, dental, oncology, etc.
There are several large hospital systems across the US that are following the progress of the Big South Fork pilot. Covenant Health, Tennova, UMass Memorial, Trinity Health, and Adventist Health care are just a few. Once the pilot is completed, Lean6Health hopes to begin rolling Nanci out across the country.
In 2024, Lean6Health will also add an optional Artificial Intelligence feature in Nanci to provide information to patients on their recovery, without needing to call their doctor.
Nanci is fully HIPAA compliant and available in both the Apple and Google Play app stores and available to the patient once their Provider has enrolled.
ENDS
About Us: Enclosed photo: Medical professionals from Big South Fork Medical Center create their own unique ways the application will interact with their patients. September 2023. SOURCES: 1 https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8342719/ 2 https://blog.cureatr.com/cost-of-hospital-readmissions-what-the-statistics-tell-us
Contact Info:
Name: Scott McNamara
Email: Send Email
Organization: Lean6Health
Website: https://www.lean6.health
Social Media:
LinkedIn: https://www.linkedin.com/company/lean6health/
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mj
Yes good points being made out there today. Seamus seems to have done a great job turning this co around. In the past decade 16 hospitals have closed in Tennessee. This is not an easy business and it appears Seamus is on a path to bring us back from the brink of bankruptcy for the parent co. {Applause} We still need to see the audited the 10k to confirm 2023...hopefully we see the numbers soon to confirm.
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mj
Looks like another 10M shares vol today...Better than nothing I guess..lol It all adds up. The K or the Q1...what comes first? Quiet period? hm.
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mj
And in the last 65 days our avg daily volume is around 50m shares per day.
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Mj
Should be interesting with these fins hitting back to back reporting some of the best numbers this company has likely ever seen. Can't wait to see Billions traded on this one. It won't be just all hype like most pink otcs...there will likely be numbers to support a real move when it happens. It may or may not happen on these releases...but if there is continuation of the turn around in progress...then its just a matter of time. Profits have a funny way of dealing with overhead debt etc... Tick.....tick...
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mj
Wacky Weds...Looks like more shares being absorbed...Anyone here accumulating? The company? A suitor been loading them on the cheap? So many possibilities here....Hmmm...
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mj
Yes Rennova had $220k cash availabe at the drop of a hat. How many pink otc's have that luxury?!? ...LoL I"ll wait!. And interest was minimal :)
"He said Renova paid some $220,000 that he had spent to buy it and owed minimal interest, given the property only changed hands for a few days."
https://newstalk941.com/renova-healthcare-owns-former-medical-center-again/
Dig it!
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mj
In the past they would do a podcast or whatever in FEB and give a rough look as to how the previous yr went well before the numbers were filed. Now they have gone from that to filing over a month late. It could be their delay, it could be the SEC...who knows. Or they could actually be in discussions on a major transaction that requires a quiet period. That is almost what it feels like. Even if they don't PR often. It seems everything they have ever done in the past was 8k'd etc. We know they lost control of Jamestown and regained it. I'm surprised those events were not at least 8k'd. It's not the greatest look for them...but does show they have cash which leads me to believe the past filings of 2023 were at least close to accurate. I am in hopes there wasn't some funny accounting going on and that is what the hold up is. If they are now truly profitable there could actually be some kind of M/A negiations going on. Yes they are carrying debt and have some other issues...but a profitable company in this industry seems pretty valuable and maybe someone is considering making a move on it before numbers are announced and the price potentially goes higher? In time the profits from current operations would eventually take care of the legacy issues...so maybe a merger or acquisition isn't out of the question. Because to me this kinda feels like a quiet period. In the past interviews Seamus mentioned they were looking at growth by acquisition.
Who knows what is going on. We are now roughly 7days out from Q1 numbers which very well could be another one of the best Q's this company has seen in years following Q4 which likely was the same. It just feels strange to me because this company has been filing fins for yrs...and 8k'ing or pr'ing every event...but now silience with an operating hospital we know is there and open for business and access to $220k when they need it. What's the scoop here?!?
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mj
Morning all. Is this 10k Wednesday?!? Bring on the new reading material. One this is for sure. Rennova had $220K available at the drop of a hat. Piggy bank seems to be plentiful. Just $1M could extinguish 10B shares from the float...or OS if they chose to do so.
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mj
Thx for pointing that out. Correct the asset once again belongs to RNVA so no one else can sell it but them. Awesome! Thx again.
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mj
Yes per Fentress County RNVA Assesor did lose control of Jamestown and the new owner had no ties to the medical field. And yes RNVA had $220k at the ready to clean up the mess and regain control of the asset.
Description
The primary function of the Fentress County Register of Deeds is to make and preserve a record of instrument required or allowed by law to be filed or recorded, including but not limited to deeds, powers of attorney, mortgages, liens, contracts, plats, leases, judgements, wills, court orders, military discharges, papers under the Uniform Commercial Code, and other types of instruments. The records provide public notice of property ownership, liens and contracts, and other transactions that affect the public interest. These records and papers must remain in the Register’s office at all times.
Fentress County Register of Deeds office is open Monday through Friday from 8 AM until 4 PM.
Address
101 Main St South
PO BOX 341
Jamestown, TN 38556
Phone
931-879-7818
Fax
931-879-4502
Sometimes it just takes a phone call. Bring on the 10K!
https://fentresscountytn.gov/register-of-deeds/
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mj
Yeah looks like they just diluted etc in the past for survival...glad that is being noticed. Interesting that they had $220k ready on call...not many Pink OTC's have that luxury. Lets see this 10k. And very likely Q1 fins are already better than anything we will see in the K :)
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mj
How many Pink OTC's can reach into the kitty for $220k when they need it...?!?
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mj
Scott County’s 25-bed hospital facility is the backbone of health care in the local community. Operated by Rennova Health Services, Big South Fork Medical Center provides a comprehensive range of health care services, including:
• Surgical
• Acute
• Intensive care
• Diagnostic imaging
• Cardiology
• Rehabilitation
The hospital has a 24-hour emergency department with around-the-clock physician staffing and a fast-track service for worker’s compensation injuries.
https://scottcounty.com/healthcare/hospital/
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mj
Looks like roughly 3.2Billion shares traded in the past 65 days with the greater majority going at .0001. Who is buying all these shares? Look at the volume since last August. I would like to know what the available float actually is that is not be held by insiders and longs?? Maybe this thing is grossly over shorted on the back side?
https://www.wsj.com/market-data/quotes/RNVA/historical-prices
Could they be in a quiet period? Or were they just late in gathering all the info for a $20M audit ?
We shall see.
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mj
The fact that they had immediate access to $220K+ on call gives a lot of confidence that they are either in some kind of quiet period for one reason or another...or that its just maybe they got a late jump on the audit etc...? But its clear they have access to cash. :)
I would imagine if anything is in negotiations they wouldn't release anything that could potentially change the price 10k or otherwise. So it could even be a potentially intentional delay ?
Time will tell.
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mj
This one isn't directly FFLYA related...but interesting for BlueTooth in general.
Hubble Network makes Bluetooth connection with a satellite for the first time
Aria Alamalhodaei@breadfrom / 4:00 PM EDT•May 2, 2024
Comment
Global satellite communications. Conceptual representation of a global network of communications satellites, such as the Starlink satellites.
Image Credits: Getty Images
Hubble Network has become the first company in history to establish a Bluetooth connection directly to a satellite — a critical technology validation for the company, potentially opening the door to connecting millions more devices anywhere in the world.
The Seattle-based startup launched its first two satellites to orbit on SpaceX’s Transporter-10 rideshare mission in March; since that time, the company confirmed that it has received signals from the onboard 3.5mm Bluetooth chips from over 600 kilometers away.
The sky is truly the limit for space-enabled Bluetooth devices: The startup says its technology can be used in markets including logistics, cattle tracking, smart collars for pets, GPS watches for kids, car inventory, construction sites and soil temperature monitoring. Haro said the low-hanging fruit is those industries that are desperate for network coverage even once per day, like remote asset monitoring for the oil and gas industry. As the constellation scales, Hubble will turn its attention to sectors that may need more frequent updates, like soil monitoring, to continuous coverage use cases like fall monitoring for the elderly.
Once it’s up and running, a customer would simply need to integrate their devices’ chipsets with a piece of firmware to enable connection to Hubble’s network.
Hubble was founded in 2021 by Life360 co-founder Alex Haro, Iotera founder Ben Wild (who sold his startup to Ring) and aerospace engineer John Kim. Haro said the first time Wild presented the idea of connecting a Bluetooth chip to a satellite, his initial reaction was, “No freaking way.” And it does sound crazy, especially as consumer electronics can struggle to connect to other Bluetooth-enabled devices that are just a few feet away.
But the demand is there: Existing IoT devices are power hungry, costly to operate and lack global connectivity, the company says. These are fundamental limitations related to Bluetooth-enabled devices today, and they prevent many industries from leveraging IoT for their businesses.
The company joined Y Combinator’s Winter 2022 cohort and closed a $20 million Series A last March. Hubble’s first innovation was to develop software enabling off-the-shelf Bluetooth chips to communicate over very long ranges with low power.
On the space side, the company also patented a phased array antenna that can launch on a small satellite. The antennas work almost like a magnifying glass, and it’s what enables an off-the-shelf Bluetooth chip to communicate with the Hubble satellite. The team also had to solve Doppler-related problems, frequency mismatches that occur between fast-moving objects exchanging data via radio waves.
One of Hubble’s satellites in a terrestrial test chamber. Image Credits: Hubble Network
Hubble is aiming to launch a third satellite on SpaceX’s Transporter-11 mission this summer and a fourth on Transporter-13. Those four satellites will compose what Haro called the “beta constellation,” and pilot customers are starting to turn their integrations on even today, he said. The startup plans to launch the following 32 satellites all at once in the fourth quarter of 2025 or the beginning of 2026, though the launch provider has not been selected yet.
Those 36 satellites will compose Hubble’s first “production constellation,” and they’ll enable connection with a Hubble satellite roughly two-three hours per day from anywhere in the world.
https://techcrunch.com/2024/05/02/hubble-network-connects-a-bluetooth-chip-to-a-satellite-for-the-first-time/
Good Morning all! Is this 10K Tuesday?!?
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mj
Good afternoon all...Shooting for a billy in volume today?
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mj
Do we get new reading material this week?
Q1 fast approaching.
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HAPPY RNVA weekend to all!!! Jamestown Asset still in some kind of play. 10K drop next week?
Imho
$RNVA Tap tap tap on the ask... CAH = EPS !?!...
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mj
$RNVA Another day closer to updates!!! Whales seem to be tapping a bit today.
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mj
Good afternoon !! Some nice buying today :) Lets's take that volume to an even Billion and see what happens. 10K after hours for a nice weekend of reading material?
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mj
Imagine he's likely already known the rough Q1 results for month. In the past they would talk about Q1 in Feb on podcasts...LoL Boy they are playing this thing close to the chest...WHAT IS UP HERE??!!??
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mj
Back in possession...woops. Bring on the 10k!
My one and only reply to you.
Enjoy your day at the office unless you all work from home these days.
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mj
Renova Health Owns Former Medical Center Again
Posted by: Danny Webb Thursday, May 2, 2024
The Jamestown Regional Medical Center is back in the hands of Renova Healthcare after only a few days of new ownership.
The county sold the hospital to Lester C. Clark at a delinquent tax sale on April 19. That after Renova failed to pay taxes for three years.
Upon the sale of the property, Renova was given one year to redeem the property by paying the delinquent taxes, plus interest. Clark said Renova returned to the Fentress County Clerk’s Office to claim the former medical center.
Clark said he believed the property would be redeemed all along and had no real plans for the future of the facility, but gaining control of the land was worth taking the chance.
He said Renova paid some $220,000 that he had spent to buy it and owed minimal interest, given the property only changed hands for a few days.
https://newstalk941.com/renova-healthcare-owns-former-medical-center-again/
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mj
Not directed at Scottish...BUT For all the naysayers out there...Don't get comfy just yet...JAMESTOWN is back in play ;)
As I mentioned the other day if they were infact profitable and they wanted to keep the building then $200k wouldn't be an issue to come up with. :)
And $200k of back taxes....gone!
https://newstalk941.com/renova-healthcare-owns-former-medical-center-again/
BRING ON THE FILINGS...10k Q1...Let's see what we got....
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mj
I'd imagine we find out soon enough.
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mj
I am not saying there is or isn't...but IF something was being worked on I would imagine the release of these financials along with Q1 could potentially skew any price terms negotiated if the price were to move. Maybe there is an intentional holdup on the release? Profitable companies in this space seem to be valuable. A bigger fish could get involved and solve these legacy issues much quicker whether merger or acquisition.
I guess time will tell...nothing to do but wait.
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mj
Q4, Year end 2023, Q1 Should show some of the best results in the history of this former Nasdaq company. Could this be the perfect storm that finally lifts this ticker off of no bid for good? Q1 results now inside of 15 Calendar days. tick tick!
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mj
Morning all. I think the revs for Q4 and year end overloaded the abacus. Pull it together and Bring the noise.
Imho
Who might that be?
Come again?
I don't believe property tax has anything to do with income etc. https://comptroller.tn.gov/office-functions/pa/property-taxes/how-to-figure-your-tax-bill.html
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mj
It was only $122k for one year...I'm guessing with the 2nd it would double that + more fees maybe? I don't know I"m guessing $250k max total. ? They have that kind of money right now if they wanted to secure that asset they could have. Now I guess its off the books and if they want it back they can get it back in a year when profits should be looking even better?
$122k for 2022...not sure about 2021...I tacked a few extra $'s on for fees on that one being later.
15:30 mark.
https://www.facebook.com/watch/live/?ref=watch_permalink&v=1126576455322878
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mj