Bioelectronics Corp (BIEL)

[srinsocal]

Not comprehending the Health Insurance/Hospital relationship

Health Insurers negotiate a rate with hospitals for common procedures like Total Knee Replacement. It does not matter what specific sutures, gauze or pain meds the hospital uses as it is the Hospital's TKR Program. They get paid the negotiated rate for each TKR.

So if JIS Orthopedics decides that they get fewer complications and patient complaints using RecoveryRx it becomes part of their TKR Program.

The NHS in the UK, being a National Healthcare provider, is a different situation, tightly government controlled vs the US free market. The Local CCGs control the Local hospitals, including what pain relief products they can purchase. The CCGs said no to ActiPatch. The National NHS Drug Tariff Approval did not help BIEL as the CCGs control all money spent in their communities. The NHS has had budgets restricted for the last 10 years so the CCGs place every expense under a microscope trying to save money.

The initial Synergy order will hit in Q4. There will be an official PR announcing the signed deal and hopefully lay some of your agnst to rest.