Nice call on IHCH! Don't understand their business. QAF revenue shows up every year? Sounds like an unusally high amount of QAF in Q1 and now it will drop back? Eye-popping Q1 numbers for sure. Wish I had gambled on a few shares at the open. Now over .20!
From the 10Q:
In May 2013, CMS approved the managed care portion of the 2013 QAF for the period from July 1, 2011 through June 30, 2012. On June 26, 2013, CMS approved the managed care portion of the 2013 QAF for the period from July 1, 2012 through June 30, 2013. As a result, during the three months ended June 30, 2013, the Company recognized revenue of $142.2 million and expenses of $33.5 million relating to the 2013 QAF for the periods from July 1, 2011 through June 30, 2013.
Through June 30, 2013, the Company has recorded $196.4 million in revenues and incurred $86.0 million in provider fees and other expenses relating to the 2013 hospital quality assurance fee program. For the remaining term of the 2013 hospital quality assurance fee program, the Company anticipates recording approximately $47.1 million in revenues and incurring approximately $21.2 million in provider fees and other expenses.
