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Metropolitan Health Networks Inc. Message Board

  • dickyjones_2000 dickyjones_2000 May 6, 2009 2:44 PM Flag

    MDF need more volume

    MDF is a good stock. needs more volume to make this stock fly. This is far under-valued stock in healthcare field.

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    • "Humana pulled out of the treasure coast. At the time MDF was in the PPM business. Physician Practice Managament. How do you think dr. Harrison became the largest shareholder. They purchased his practice, they defaulted on money owed to him and he gauged them in trade for relief of the debt. Debbie Finnel had very strong contacts and they beginnings of a network in place. MDF felt at the time there was better opportunity in this market than being in the PPM market (MedPartners, Phymatrx. BJM). Human basically said go for it and MDF entered into a FULL RISK contract meaning they took on all the risk while Humana collected the reimbursement rates, took their percentage off of the top, paid the bills and gave the rest to MDF. It was a risk free deal that allowed Humana to keep patients in the treasure coast. Then years later the rates increased and became a very attractive market. It will be a matter of time before Humana pulls the plug and does it themselves to save money

      Oh how do I know this, I have been a shareholder since the IPO in 1996. I know MDF history "

      That may be the best piece of fiction I ever read. Nice job!

      Humana pulled out of the TC after the BBA of 1997 reduced reimbursement rates in that and other markets. Metcare was not in that market with them at that time, rather Debbie Finnel was with her company. Metcare subsequently purchased DF's company as part of their PPM but that was after Humana's pullout. DF and MDF didn't enter the TC until a few years ago as part of their HMO initiative. Humana had nothing to do with that and, until their recent purchase of Metcare's HMO, has not been in the TC with an HMO product for some 10 years.

      Being part of the 1996 PPO during which the company operated under an entirely different business model doesn' make you the expect in the Humana relationship you purport to be.

    • Humana pulled out of the treasure coast. At the time MDF was in the PPM business. Physician Practice Managament. How do you think dr. Harrison became the largest shareholder. They purchased his practice, they defaulted on money owed to him and he gauged them in trade for relief of the debt. Debbie Finnel had very strong contacts and they beginnings of a network in place. MDF felt at the time there was better opportunity in this market than being in the PPM market (MedPartners, Phymatrx. BJM). Human basically said go for it and MDF entered into a FULL RISK contract meaning they took on all the risk while Humana collected the reimbursement rates, took their percentage off of the top, paid the bills and gave the rest to MDF. It was a risk free deal that allowed Humana to keep patients in the treasure coast. Then years later the rates increased and became a very attractive market. It will be a matter of time before Humana pulls the plug and does it themselves to save money

      Oh how do I know this, I have been a shareholder since the IPO in 1996. I know MDF history

    • "As I said before Humana left the market at a time rates were very low. They were not allowed back in that market for a specific time period. MDF built a network and made Humaana money in that market. "

      And you came across this information how? If Humana left the market how is it that Metcare was there on their behalf? Which market(s) are you referring to?

      Humana uses the MSO model throughout Florida. What they do in other states varies by applicable state insurance law.

    • Dicky, do you just type comments without doing nay research? I always thought this message board as a place to come to get informative message’s. Now what I am seeing are a bunch of people who just type out of their boredom.

      Tell me Dicky, what price do you put on a company who has 99% of their revenue from a source that can terminate their contract year to year with a written notice and 90 days? So anytime that Humana decides earnings are off one year and they want to add $12m to their bottom line they terminate their contract with MDF, call all of the doctors and tell them they will honor all MDF’s contracts and that the patients, WHO BELONG TO HUMANA, will continue to use their facilities, what will happen HMMMMMMMMMMM.

      Please tell me what the stock is worth?

      • 1 Reply to skibum69ny
      • It's not quite as simple as that. While Humana does have the right to cancel the contract with 180 day notice, they simply don't have the infrustructure to do what Metcare does in the various markets. Could they develop that infrustructure...sure. But it would take them time to find and train the right people and develop relationships and, in the interim, their short-term profits could suffer rather than grow, with no guaranty of future profit growth.

        The status quo with Metcare and other MSOs works quite nicely for Humana, allowing them to effectually capitate their costs of providing medical benefits to their Medicare MSO patients. They previously tried and failed at doing it themselves, resulting in the current MSO model. Why would they risk that?

    • I'm back. Bought back in at $1.84 today, about half the shares that I intend to buy. Nice quarter, nice focus, still the issues that several of you justifyably bitch about but the stock is too cheap.

 

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