PPJ Healthcare Enterprises Inc (PPJE)

[tvmetguy]

PPJE-Link To Medical Billing Outsourcing Info

http://www.softwareadvice.com/articles/medical/medical-best-practices-advice/when-should-you-outsource-your-medical-billing-1032610/

Advocates that doctors outsourse medical billing because the collections are better and its a bit cheaper. More interesting to me is that outsourced medical billers charge about 5% of a doctors revenue as its cost. Therefore, with PPJE PR'ing from last Friday that physcicians with 50 mil in rev are waiting for PPJE to take on their billing, this means PPJE would get roughly 2.5 mil in rev out of that!

IMO the reason why the PR says the doctors want to outsource with PPJE, but PPJE has not taken them on yet, is that PPJE can't afford to hire more help just yet. But with PPJE having rev and profit now, IMO in only a few months they will pick up this huge new contract.

We could be looking at a total of 4 mil rev/year as a run rate by the end of 2010, that would be about 1.2 mil net income for a run rate. That would shoot the PPS to about .0060.