Moosie got in at 145 .......I guess still in but tempted to sell before end of day to make a quick 10 grand ....whoops 10%
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Moosie got in at 145 .......I guess still in but tempted to sell before end of day to make a quick 10 grand ....whoops 10%
Again... The deals signed so far are NOT with Insurance Companies.
On my phone, but suggest go to web sites. They faciltate payments etc. All good stuff, but this is not yet the big deal
Hope this announcement was not timed, to soften us up for not so positive news out tomorrow re sales. Sorry just the cynic in me coming out.
Is sales announcement definitely tomorrow?
I'd like to think no one would do that!!, unfortunately for PEB these organizations are NOT insurance companies. I hope people dont mistake them as such.
When the day comes where PEB announce they have signed up coverage by a payer (insurance company), I imagine the SP will skip the $2 range! I'm betting Kaiser, Blue Cross Blue Shield or maybe harvard pilgrim could be the first to sign up... (big speculative guess!!), And picking a time, I think May next year!
All in all though its good news, and great to see continual progression from this company!
PEB is obliged to announce the deal the day it is signed.
That's what the company has done.
The share price gapping upwards tells us the information was kept extremely tight.
Don't expect too much by way of sales - 2014 will be when sales will really kick in. In the meantime, PEB is ramping up its marketing and sales force, and there's a fair bit of training and familiarization required by the new customers.
FedMed, ACPN and Stratose are Preferred Provider Organisation’s (PPO’s).
Effectively PPO's are the middle men between the insurers and provider’s like PEB. The advantage for PEB in working with the PPO’s is that they can contract with just a few PPO's rather than have to contract with each insurer directly or negotiate under each specific insurance policy. There could be hundreds of insurers, who knows how many cumulative policies.
Wiki: “Rather than contract with the various insurers and third party administrators, providers may contract with preferred provider organizations. A membership allows a substantial discount below their regularly charged rates from the designated professionals partnered with the organization. Preferred provider organizations themselves earn money by charging an access fee to the insurance company for the use of their network (unlike the usual insurance with premiums and corresponding payments paid either in full or partially by the insurance provider to the medical doctor)”.
For the individual seeking insurance, this link is a fair explanation of the two main directions one can take in seeking insurance within the US;
http://www.youtube.com/watch?v=NthIB5JRuVk