irgendwie verrücktes business model..aber bei den amis weiss man ja nie / CODX - 500 Beiträge pro Seite

[schneemannmachinegun]

was meint ihr dazu ? hab ihr`s schon mal angeschaut ?

In the meantime, it appears large cap market sentiment may be changing from selling stocks on good days to buying stocks on dips. Time will tell.
MedGrup Corporation (OTCB BB: CODX)


We released our original profile on this company in early October in a tough market during a holiday weekend. We have received many requests from our members for a re-release as many missed the edition. In spite of the small audience the stock traded immediately up to $4 from $3.25. Take another look at this company now. In our opinion, in any decent market environment this stock would be trading at $6 (double today`s closing price) based on the company`s trailing earnings and growth rate. A Profile, unlike a Trading Alert, covers a stock we believe you can own for a year or two and look for anywhere from 100% to ten times your money.

This past week MedGrup came out with two blockbuster press releases. On Wednesday the company announced that it has signed a "preferred vendor`` agreement with the Dallas-Fort Worth Hospital Council (DFWHC). The DFWHC, located in Irving, Texas, is a hospital consortium, consisting of 83 hospitals that take advantage of the representation and economies provided by the pooling of their respective interests.

This announcement is huge. This opens the door to 83 new hospitals for a company that currently has 75 clients. Contracts should be coming soon behind as DFWHC is inviting MedGrup to set up an office within their office. Click Here to read the full text of the press release.

Friday`s new release, which came out after the market closed, was also very exciting. Until today`s press release, MedGrup had relied on using secure Fax lines to transmit charts in compliance with Government regulations. MedGrup waited until August for the HFCA to announce security standards for Internet based transmission of charts.

MedGrup began working on Internet transmission in September, and on Friday they announced the completion of their Internet based product for transmission of charts. This will speed up the process and enhance margins once fully implemented. The system can be licensed or resold to hospitals choosing to keep coding in-house, giving the company multiple revenue streams. Click Here to read the full text of the press release.

We are expecting Friday`s news release to create some serious interest in this stock. Look for a surge on the open on Monday morning. The following is the profile we released earlier this month when the market was horrible. Please read it now for significant potential profits in 2001.
Background Information


In 1999 twenty individuals were convicted for their involvement in a massive and sophisticated scheme to defraud Medicare. The convictions arose from an investigation of a home health agency that was the largest certified home health agency in Miami. The agency was paid approximately $120 million in Medicare funds for reimbursement of services, including nursing and home health aide visits. The convicted defendants received sentences ranging from 18 months imprisonment to, in the case of the highest level administrator, 12 years imprisonment. A single defendant returned $1.1 million in fraudulently obtained assets.

In fact, according to the FBI, 548 defendants have been convicted of health care fraud since 1992.

The Clinton Administration has fought against fraud, waste, and abuse in the Medicare and Medicaid programs. In August of 1996 President Clinton signed the Health Insurance Portability and Accountability Act (HIPAA). This Act provided funding for regulators to aggressively pursue fraudulent billing practices within the health care industry.

The 1996 HIPPA Act empowered the Health Care Finance Authority (HCFA) with the ability to investigate, levy fines, exclude providers from participating in the Medicare and Medicaid programs, and set up uniform coding requirements and strict billing guidelines to Medicare and Medicaid claims.

The table below clearly demonstrates the “zero tolerance policy", which has been implemented by HFCA since the Clinton Administration took office. This chart represents a small number of the total health care providers that were levied penalties since May of 1999.
Health Care Providers Penalty Amount
Vencor $ 1.3 Billion
Columbia/HCA $745 Million
Fresenius Medical Care North America $486 Million
Community Health Systems $ 31 Million
Medaphis Physician Services $ 15 Million
Emergency Physicians Billing Services $ 15 Million
University of Chicago Hospitals $ 10.9 Million
Source: Office of the Inspector General

In each of the high profile cases below, upcoding was a significant factor in the allegations against each provider.

Under existing Federal and state requirements, these providers must submit billings for Medicare and Medicaid reimbursement in a Coded Format. Most private health insurers also require submission of billing information in this coded format. Until recently all charts for inpatients, outpatients, clinics, and doctors offices were Coded by an in-house clerical professional. The assigned code is used for reimbursement purposes.

Fraudulent Coding is the primary source of all the prosecutions and fines instigated by the HFCA.

Out of this paperwork nightmare and regulatory morass an entire new industry is growing rapidly. Health care providers are increasingly outsourcing their coding needs to isolate themselves from potential prosecution of fraud or abuse.

Colorado based MedGrup Corporation (OTC BB: CODX) has been growing dramatically since they opened their doors and has been profitable since 1997. MedGrup provides outsourced coding services for approximately 75 clients, and that number is growing rapidly.
October Profile: MedGrup Corporation (OTC BB: CODX)



Stock Listing: OTC BB: CODX
Estimated Shares Issued and Outstanding: 5.541 million
Estimated Public Float: 900,000
Closing Price and Volume: $3 on 6,900 shares
Market Capitalization: $16.6 Million
52 High and Low: $4.0625/$2
Click Here for a current stock chart
Web Site: http://www.medgrup.com
We consider ourselves fortunate to present MedGrup to our valued members with the stock in the $3 range. If the Bear Market hadn`t reared its ugly head in April, and then sunk its nasty teeth into investors during September, we believe this stock would probably be trading in the $6 range today based on their trailing profits, growth rate, and a very hot industry group.
MedGrup provides outsourced Coding services to hospitals and clinics. There is a chart created for every patient that gets health care regardless of whether the services are at a hospital, clinic, or doctor`s office.

After the health care services are rendered the patient`s chart ends up in the hands of a professional "CODER" who assigns a specific code associated with the treatment. That Code is the basis for reimbursement from Medicare, Medicaid, or the Insurance Provider.

Professional coders go to school for 2 to 4 years to obtain the proper credentials. Coders are in high demand and short supply because the job is mundane and has secretarial level compensation in spite of the required professional education. Enormous pressure is placed on these Coders as this administrative step is the last prior to reimbursement.

A practice referred to as UpCoding has been the source of hundreds of fines and prosecutions levied on health care providers by the HFCA. The fines have been so extensive and painful to the health care providers that the practice of DownCoding is now commonplace in order to avoid any hint impropriety.
The MedGrup Formula- A Solution to the Problem


The MedGrup business model is the ideal solution to the coding problem. MedGrup provides outsourced coding services to health care providers. Their method for providing these services is unique and sets them apart from the insignificant competition they have in their market.

MedGrup recruits Coders out of their dingy hospital basement offices and sets them up with a home based business. Patient charts are sent into the Coders home via high-tech secured fax line. A specially configured computer receives the charts, and MedGrupCoders are able to turn them around in 24 to 48 hours.

This business model is powerful. It allows the company and Health Care Providers to benefit from the following factors:

Over 90% of professional coders are women. Many are from two income households and have children. The home based business allows the MedGrup employee to make their own hours, eliminate day care expenses, travel time, and costs. The first ad MedGrup ran for coders in a professional trade journal yielded 500 responses immediately.
The Health Care Provider now has its coding done by an independent third party. This eliminates the inherent conflict of interest between the provider and reimbursement source. The "DownCoding" trend has cost health care providers money. MedGrup clients are typically realizing substantially higher revenues from accurately coded charts.
Health Care providers are now able to outsource Coding services, eliminating the high costs associated with the salaries and benefits of in-house employees. MedGrup charges on a per chart basis, thereby minimizing excess costs.
Coding Efficiencies Improve: The coder requires no geographic proximity to the health care provider, thereby allowing charts to be routed to a specialist anywhere in the country.
Competition

Very Limited- There are a few other outsourced Coding Services, but MedGrup pioneered the home based business model. This gives MedGrup a competitive edge when recruiting new Coders who are looking for a quality working environment. MedGrup only hires Coders with the proper credentials and at least five years work experience.
Financial Performance


This is the most exciting part of this profile. MedGrup has been profitable since 1997 and has doubled in size every year since it opened it doors. They are on track for $4 million in revenues this year, and their 100% growth rate could accelerate in 2001. They are bringing in new management, new infrastructure, and new technology. The chart below demonstrates comparisons of three separate time frames:
Time Frame 1998 1999 1st Half 1999 1st Half 2000 June Qtr 1999 June Qtr 2000
Sales $980,431 $1,986,596 $821,702 $1,835,410 $447,067 $935,870
Profits $195,269 $231,650 $96,613 $305,558 $8,028 $149,835
EPS $.05 $.05 $.02 $.06 0 $.03
Revenue Growth Rate 102% 123% 109%
Market Size


In a word: enormous. MedGrup estimates the size of the market to be about $5 billion. This figure has been determined by multiplying the number of charts coded annually in the US by the average amount charged for outsourced coding.

As more health care providers realize that they can decrease their costs and increase their reimbursements by employing outsourced coding, MedGrup`s opportunities for growth increase sharply.

On that basis 2% market penetration would put the company at $100 million in annual revenues. Investors with a one to two year time horizon could see this company and its stock price experience prolific growth.

MedGrup targets mid sized hospitals with about 150 beds. Their current customer base is concentrated in Texas and California. In August of this year the company had 60 clients. Today, MedGrup has 75 clients. Investors with a long term time horizon should consider where the stock might be when the company has hundreds of clients. The market is there, and based on their history, we believe they can penetrate that market.
Growth Strategy


MedGrup could continue to double in size annually for an indefinite period of time. However, management at the company is much more aggressive. The key to accelerated growth for MedGrup is an infrastructure build out coupled with an aggressive recruiting program of experienced Coders.

Customers seem to be no problem. Recruiting experienced Coders has not been a problem since MedGrup generally offers a salary increase and the opportunity to work in the pleasant environment of their own home. Medgrup also offers a stock option program for its Coders.

Growth should accelerate next year after MedGrup makes the transition from a faxed based technology to an Internet based technology. Medical charts are highly confidential, and security standards for transmission of the documents are strict. Regulators finally released security standards for Internet transmission of medical records in August.

As a result, MedGrup is now finalizing plans to create an infrastructure which will allow the secure transmission of charts between the Health Care Provider and the Coder over the Internet.

Once implemented this technology will lower costs and allow the company to expand more rapidly with less upfront expense. The company will grow faster and margins should improve. 2001 should be a blockbuster year for the company.

The company also plans to file the application for a NASDAQ listing in the first quarter of 2001. They almost qualify now. A few more assets and $4 stock price put them over the top.
Conclusion


From an investors point of view MedGrup is compelling for the following reasons:

The company has been profitable since 1997, and should continue to be profitable. This factor limits your downside risk considerably.
Even with these depressed market values many good growth companies are still trading at 50x trailing earnings. Based on the June quarter earnings the company is trading at 25x trailing earnings. An argument could be made that the stock is worth $6 today.
Health Care related stocks are one of the hottest groups on Wall Street this year in a tough market. The HMO group has done extremely well. MedGrup is a pure play with a unique market niche, and there are no public companies they can be compared to. However, continued good performance in this group could help carry MedGrup to higher levels.
There is a very limited supply of stock publicly traded. There are only 900,000 shares in the public float. This means the stock will be volatile to both the upside and downside on relatively low volume days and could lend itself to an excessively high valuation in a bull market.
As always we remind you to review our home page with our Mission Statement and our section on Rules for Successful MicroCap Investing. You can get there by clicking here, or going to the button on the left hand menu bar at our home page. Pay particular attention to the Trading Strategies Section to maximize your profit potential and understand the nature of microcap investing.
By definition it is our opinion that any company we profile has the potential to yield 100% to 500% returns for investors with a one year time horizon. This one is a gem because of their virtually untapped unique market niche and history of profitability. Consider it for the speculative end of your portfolio. We will cover it for the next year and bring you news and updates as the company continues to grow.

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grüsse

schneemannmachinegun

[schneemannmachinegun]

tag kinder des euros

innerhalb von wenigen stunden kickt sich CODX um 40% indie höhe.. hat jetzt vielleicht jemand interesse diesen stock zu diskutiern ?






MedGrup Corporation Introduces Dynamic Code@Home(TM)
Offsite Coding System, Announces New Revenue Venue
MONUMENT, Colo., Oct. 23 /PRNewswire/ -- MedGrup Corporation
(OTC Bulletin Board: CODX) is pleased to announce its new proprietary,
web-based, offsite coding system, Code@Home(TM). In development for over one
year, MedGrup Corporation believes that Code@Home(TM) represents the most
complete and comprehensive, off-site coding system available in the
marketplace today. The Code@Home(TM) system, which includes medical document
scanning, transmission, reception, auto routing, tracking, productivity, and
accountability, eliminates the need for human intervention once a chart is in
the system. Code@Home(TM) allows seamless transmission of medical records and
is able to reroute a chart that is not processed within an assigned period to
another available coder. The system goes beyond redundancy, instead mirroring
all records and activity at MedGrup`s home offices, as well as at a secure
off-site location. MedGrup plans to begin rollout of the system internally
immediately.
MedGrup has designed the system to comply with all current HIPAA rules,
and the recommendations HIPAA has proposed for privacy and security of medical
documents. MedGrup recently unveiled a working prototype at the American
Health Information Management Association (AHIMA) convention in Chicago,
Illinois. At the convention MedGrup announced plans to provide the
Code@Home(TM) system to health care providers that desire to hire offsite
coders internally.
At home coding, which was pioneered by MedGrup Corporation`s founder,
William D. Cronin, has recently become a trend amongst medical providers.
Allowing coders to work from their personal environment eliminates the need
for geographically restrictive hiring. A qualified coder in New Jersey can
code for a hospital in rural Texas. Nationally, both urban and rural
communities alike are experiencing a tremendous shortage of qualified coders
to handle the increasing number of medical charts being generated by health
care providers. That, coupled with strict HCFA (Health Care Finance
Authority) regulatory and compliance guidelines, is creating a

grüsst
schneemannmachinegun

[schneemannmachinegun]

+63% !

space rocket !

mir reichts ich steig aus.. für einen 24 stunden zock nicht schlecht