Cardionet Vs LifeWatch

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Anonymous said:
heard mednet's hiring, Carolina's, Midwest and Cali
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large territories, no real history of MN in these areas. . . clean slate + these guys pay well on new as well as residual business. previous Carolina rep was making $200+ before taking mngmt. position device is at least as good as LW's, not sure about CN's
 






Anonymous said:
large territories, no real history of MN in these areas. . . clean slate + these guys pay well on new as well as residual business. previous Carolina rep was making $200+ before taking mngmt. position device is at least as good as LW's, not sure about CN's
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Thats because Mednet tried copying ACT to the T.
 
























Let's talk the facts. Randy hired all his friends, paid that joke of VP of Operations John I $400,000+ for his expertise, which is zero in cardiovascular service industry. Then he hires "Wonder Boy" Matt, who thinks talking red wine will "impress" someone or at least a new manager..... Trust me, if MD's knew what Randy was paying his friends at Cardionet, there would be zero RX's coming out of any office in the US! Now, let's talk the other downfalls of CN. Phil L woudn't know a CMS fee change if it hit hit him 5 months in advance. Oh, I forgot, he was told by sales and management in January 2009 but he said, "I have not been told by my Highmark contacts that anything is changing or being discussed!" What a joke, doesn't even know that they are reviewing!!! What did he do before CNet, stocking at Target?
One day someone in upper managment or the Board of Directors will come to the same conclusion the sales team did long ago:
* Chris S. was the guy who started the sales team, built the sales team, and he didn't drink wine as his first choice in adult beverages to impress the sales force.
* Phil L. is so over his head. Does anyone know what Terri and that other chick do in contracting? Maybe that's why you missed the CMS review, your girls didn't remind you.
* Ann S. doesn't show up for work for 5 days in a roll, let alone know how to manage a department. Her department is a disaster. She also get's rid of anyone who she thinks will blow the whistle on her!!!!
* John I is more concerned over a new phone or travel contract than patient care in his area. He has a $400,000+ salary and stock options for bringing a hair-dressor to the national meeting to talk Customer Service! His area is them main screw up in CS!!!!ecause they were laying in the sun!!!!
* Anna M. is on Cafe Pharma at the Residence Inn and counting her 2 million in last years stock sell (see Insider information on Yahoo Finance, BEAT). Gee, you would think she would get a face lift!
* Matt the wonder boy is clueless, has a managment team that hasn't ever managed anything but "good times", and is more concerned over his wine that his sales team.
* And finally, has anyone figured out how JR still has a job after 1 1/2 years of zero marketing? He now manages 4 CTS AE's who are just calling on the same people that the AE's were calling on 1-2 years ago.
WAKE UP! You have a great sales team but ZERO SUPPORT and you haven't been around long enough to know that your time is coming soon, the door will open and shut on you soon!!!!!
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WOW, What a homo.
 






The F.O.R. ( Friends of Randy) that you speak of may be clueless, but I'm more interested in the F.O.R. that had a clue. Arie Cohen learned the business while with CardGuard before he becarme a Viasys guy. What caused him to be pushed out? The timing of last January sure smells REIMBURSEMENT ISSUE. While I'm not a conspiracy theorist in general, I can help but smell something rotten here.

Can anyone shed light on Arie's departure?
 












Conspiracy theory, unless anyone has a better scenario. Cohen gets tapped by Sweeney because he knows the IPO won't fly without experienced CEO. Arie Cohen is the obvious choice because everyone else in the cardiac monitoring IDTF industry is either tied to their company via ownership or is a lightweight or couldn't be bothered (think Jeff Arnold). So, Arie gets an extremely lucrative deal, the IPO, he then opens the door for the other Viasys folks. January 2009 rolls around and as Emeril would say, BAM!, he's gone. We know he got the parachute through SEC filings. My question is why?

The only thing I can think of is some sort of a fundamental difference of opinion with Randy and the Board. We know Randy's plan at Q I was hire, hire, hire. All I'm saying is maybe Arie (who has considerably more experience in this niche) thought differently. And, maybe, that difference had to do with the instability of reimbursement.

Everyone's preoccupied with Highmark but a month before Randy stated problems with other insurers. I think reimbursement has always been shakey but this has not been conveyed to the investment community. And since we are on the Cafe Pharma, I think employees might possibly have been mislead as to this issue as well.

Maybe it is just a conspiracy theory and maybe I'm dillusional. Or, maybe someone else has something to add.
 






Anonymous said:
Conspiracy theory, unless anyone has a better scenario. Cohen gets tapped by Sweeney because he knows the IPO won't fly without experienced CEO. Arie Cohen is the obvious choice because everyone else in the cardiac monitoring IDTF industry is either tied to their company via ownership or is a lightweight or couldn't be bothered (think Jeff Arnold). So, Arie gets an extremely lucrative deal, the IPO, he then opens the door for the other Viasys folks. January 2009 rolls around and as Emeril would say, BAM!, he's gone. We know he got the parachute through SEC filings. My question is why?

The only thing I can think of is some sort of a fundamental difference of opinion with Randy and the Board. We know Randy's plan at Q I was hire, hire, hire. All I'm saying is maybe Arie (who has considerably more experience in this niche) thought differently. And, maybe, that difference had to do with the instability of reimbursement.

Everyone's preoccupied with Highmark but a month before Randy stated problems with other insurers. I think reimbursement has always been shakey but this has not been conveyed to the investment community. And since we are on the Cafe Pharma, I think employees might possibly have been mislead as to this issue as well.

Maybe it is just a conspiracy theory and maybe I'm dillusional. Or, maybe someone else has something to add.
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The reason reimbursement is shaky is because the insurance companies/MC are starting to realize how this technology really works. This device is not much more than an event recorder with a feature that automatically dials a monitoring center. If you people ( everyone with an MCOT device ) look and investigate how the device really works you will too then realize what we are selling.

You may be on target with your assumptions. To get a company to go public which offers event monitoring that is just dressed up with a lot of fluff and some questionable studies was truly remarkable. That is what Mr. Sweeny does and what he is good at.

The future is not as lucrative as the management would like it to be and how they spin the reality is to be seen.
 






The ship is sinking..... now

CardioNet is in SHAMBLES!!!! right now as I type this, management is having meetings(scheming) on how to protect their future earnings while laying off worker bees. They just got rid of the entire San Diego department minus IT. 2/3 of the staff were laid off yesterday. This will effect all of the "main office" in Conshohocken. Stop dreaming. Look @ the stock, listen to the analysts.... this company is doomed. there is an investigation going on with investor fraud and insider trading. August 6th 2008... 270 million in a day? are you kidding.... mismanagement across the board... expect layoffs soon in addition to the sales force with unproductive AE's revisiting the same practices. medicare supports Ecardio.... not CardioNet.... Sept 1st will be D day for this company. There is no plan B for the medicare appeal of reimbursement. The higher ups have already cashed out... wake up... this company will be bought out if they are LUCKY by a foreign entity.
 






ecardio is a joke and let's leave it at that.I am a practice manager and speak with a lot of groups in my state and they too are telling me they are in all accounts selling a wireless event recorder and telling people to daily bill. Not only that all they do is have independant reps calling into our accounts to try to sell their piece of crap Braemar device that triggers when the wind blows. Their reps are handing out literature with their lawyers header as to why it is ok to bill the fraudulent codes they are promoting. Mednet has been in several offices in my area and we are trialing their ecat device at my office now. It is truly working as described and a real threat to Cardionet and Lifewatch. Cardionet is so worried they are offering my practice to accept all insurance carriers even though they do not get paid on a select one or 2 just to keep MN out of my office. I guess it's easy to be number 1 when you have no competiton.
 






Anonymous said:
ecardio is a joke and let's leave it at that.I am a practice manager and speak with a lot of groups in my state and they too are telling me they are in all accounts selling a wireless event recorder and telling people to daily bill. Not only that all they do is have independant reps calling into our accounts to try to sell their piece of crap Braemar device that triggers when the wind blows. Their reps are handing out literature with their lawyers header as to why it is ok to bill the fraudulent codes they are promoting. Mednet has been in several offices in my area and we are trialing their ecat device at my office now. It is truly working as described and a real threat to Cardionet and Lifewatch. Cardionet is so worried they are offering my practice to accept all insurance carriers even though they do not get paid on a select one or 2 just to keep MN out of my office. I guess it's easy to be number 1 when you have no competiton.
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Yea right you are a practice manager. I'd like to see the practice you manage with a tone like that. Nice try Mednet rep. The truth is every company is spreading BS confusing the hell out of the accounts. Telling accounts to bill the wrong code to get the best reimbursement for the account. That is the only way to get them to use your device. As I see it using MCOT is not worth it. I don't care if it Cardionet, Lifewatch or Mednet. The reimbursement if billed correctly (93228) is not worth all the fax paper we get. Ecardio is telling everyone to daily bill a code Cardionet told us to bill last year. Didn't work then, won't work now. The only choice left is to go back to plain old CEM's, which we have done.

You are all worthless!!!!
 












Anonymous said:
ecardio is a joke and let's leave it at that.I am a practice manager and speak with a lot of groups in my state and they too are telling me they are in all accounts selling a wireless event recorder and telling people to daily bill. Not only that all they do is have independant reps calling into our accounts to try to sell their piece of crap Braemar device that triggers when the wind blows. Their reps are handing out literature with their lawyers header as to why it is ok to bill the fraudulent codes they are promoting. Mednet has been in several offices in my area and we are trialing their ecat device at my office now. It is truly working as described and a real threat to Cardionet and Lifewatch. Cardionet is so worried they are offering my practice to accept all insurance carriers even though they do not get paid on a select one or 2 just to keep MN out of my office. I guess it's easy to be number 1 when you have no competiton.
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Wait, isn't Mednet's e-cat telemetry too. They should bill the same codes and not get paid by the same payers or am I missing something?
 
























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