I have several stores that were enrolled in Indy Health. We focused on enrolling our patients who we were losing money on in first.
According to the bankruptcy announcement, they got too many of those patients and not enough of the lesser users.
We in fact we’re only able to get to 18% of our eligible patients enrolled because of other factors in the store around staffing and dealing with Covid.
Indy also needs to bear blame for not having their co-insurance in place beforehand and not anticipating capital needs adequately. The C suite Execs were not experienced enough to manage this properly and would’ve needed to be completely replaced if a bailout was forthcoming. Regrettably, this all happened too quickly for any rescue to occur.
It’s easy to put blame on high cost drugs which may have been a factor, but could’ve been easily controlled if management knew what it was doing.
I think you can only take the factors stated in the letter to really understand what mistakes were made by management and leave it there.
Ben,
I have several stores that were enrolled in Indy Health. We focused on enrolling our patients who we were losing money on in first.
According to the bankruptcy announcement, they got too many of those patients and not enough of the lesser users.
We in fact we’re only able to get to 18% of our eligible patients enrolled because of other factors in the store around staffing and dealing with Covid.
Indy also needs to bear blame for not having their co-insurance in place beforehand and not anticipating capital needs adequately. The C suite Execs were not experienced enough to manage this properly and would’ve needed to be completely replaced if a bailout was forthcoming. Regrettably, this all happened too quickly for any rescue to occur.
It’s easy to put blame on high cost drugs which may have been a factor, but could’ve been easily controlled if management knew what it was doing.
I think you can only take the factors stated in the letter to really understand what mistakes were made by management and leave it there.