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Friday, March 13, 2015 1:47:23 PM
NHS was hired for billing AND, as a rep group, only for PPO!
Workers Compensation (WC) is a completely different business line. They are doing a poor job of communicating this fact.
The public needs to know if TPS and Garbino are gone, still in negotiations, have been replaced or whatever.
I demonstrated the following facts in a post yesterday, however, to recap:
Under WC, the front-end costs were 80% for their lenders and 13% for TPS or 93% of gross WC sales.
Under PPO, they are 55% for NHS reps and 9% for NHS collections and adjudications or 64% of gross PPO sales.
Therefore, for every $1,000,000 in WC, all PXYN gets, before operational costs and the costs of manufacture (Margin Before Costs), is 7%, or $70,000.
For every $1,000,000 in PPO, the Margin Before Costs is 36%, or $360,000.
Now the last time I checked, that’s 514% better.
If PPO can do $12,000,000 a quarter (Profit Before Costs=$4,320,000.00) and WC can do $22,895,889 a quarter (Profit Before Costs=$1,602,712.23, they made almost double that in Q3 because they hadn’t sold everything at produced before 9/30 to their lenders at 9/30), than this business is unstoppable. If WC is gone and PPO is the wave of the future, then it might not matter anyways, but I still want to know if WC is gone, steady, decreasing or increasing. $4.3M+$1.6M is better than $4.3M alone.
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