InvestorsHub Logo
Followers 3
Posts 225
Boards Moderated 0
Alias Born 02/08/2021

Re: rocketschoice post# 618

Thursday, 05/23/2024 3:04:07 PM

Thursday, May 23, 2024 3:04:07 PM

Post# of 619
Take this as info from an outsider but my understanding is the company is doing well. Their main issue is communication between them and their Canadian auditor being clear on what they need to provide to clear the audit that has had them halted in Canada. It will be resolved shortly and when done we will see a year's worth of numbers in a few weeks. I half expect the company to fire KPMG and move forward with another firm which they definitely will do after this but they are still trying to work with KPMG to get it done. The company has a number of options to move forward regardless and now that they are managing the adherence things should be much improved from what we know. Additionally, there was a story about making changes to RPM billing requirements reducing the number of readings from 15 a month to 2. That change would make almost every patient on the system billable in future, and while that is only in committee currently it seems like a positive move to incentivize a much faster adoption of these systems and provide funding to really make a difference in remote patient monitoring.
https://blog.prevounce.com/rpm-expansion-bill-sent-to-committee