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Mark Reiter's avatar

Leon - the judge allowed Envision a temporary stay in light of the many legal filings related to their chapter 11 bankruptcy - the judge recommended AAEM PG file to continue proceedings in several months if the chapter 11 process is still ongoing - this will just be a short delay in what is a multi-year litigation process

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David Farkas, MD, FACEP, MHCM's avatar

Leon - absolutely spot on autopsy of APP! Just goes to show the “Kings” of wall street are not wearing any clothes. As you astutely said, the downfall was not at all surprising. Totally predictable when they continue to follow the same playbook. Dum dum dum and boring without any innovations. Although a low margin business, EM has the advantage of high volumes so an improvement of only $5 or $10 net collection per patient would have a big impact. Even if these dum dums dont listen to the physicians that built these businesses, they should at least have some expertise in basic rev cycle operations.

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