Episode of Care Assurance Program (eCAP) - S&N's latest smoke and mirror

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anonymous

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If eCAP is so great, why wasn't it mentioned by the CEO on the 3rd quarter earnings report? Something so revolutionary should be worth mentioning to the investor community.

The "big" announcement was that eCAP has signed a deal with a GPO that supports a lot of hospitals. There was no announcement that a hospital has actually signed on for this program.

If a surgical patient is readmitted under this program, then S&N will pay for all of the non-reimbursed costs for this patient - now for the fine print, "up to the cost of the implants/equipment that hospital purchased for this one procedure." If S&N really has confidence in the product line's ability to stop readmissions, why not pay the cost to the hospital if Medicare penalizes them for readmissions or surgical site infections? That would be hundreds of thousands if not millions of dollars.

The value proposition to the hospital is this - you sign a contract with S&N and the S&N upside is that you are locked in to purchasing the entire product line. S&N downside is that if they fail, the hospital gets the product for that specific surgery for free. Hospital has no downside limit - they will have to pay for the entire patient stay and not be reimbursed for the entire readmission plus they are contractually obligated to keep buying S&N.

You spend millions with S&N, and in the event my product doesn't live up to the hype S&N reimburses you thousands. This doesn't seem like a fair proposition.
 






Hmmm. You know so much it seems fun fact you forgot about...dumb ass patients. Anyone who has worked in the field knows that patients don't adhere to their PT, decide 4 weeks post op from a hip surgery that they feel good and decide to jump off a table, or they live a discusting life and couldn't take care of a wound if they tried, or best yet don't take their meds or use their take home care products. Why would any company sign up to pay for these f*€t tards. You are an idiot and obviously don't work here..make yourself useful and shove ur fist up ur a**
 






Absolutely patients are stupid and f* up their treatment. I think the original poster had a good point - this program sounds good on the surface but at the end of the day how much is it worth to the hospital? A free PICO if the patient gets a post surgical infection? Will be interesting to see how many sign up.
 






The point of it is to show how strongly we believe our product works. Most pile poke don't know that a majority of hospitals are going to lose 3% of their funds from gov pay. Way more than the cost of pico..only idiots like the original poster would think its smoke and mirrors as pico fixes the #1 problem hospitals face which is infection. That's why it's a great deal for hospitals. People without foresight buy out of need...watch, in a year this will take off
 






Yeah this will take off about as much as Syncera did...I think the OP was saying that hospitals will see through the fine print and realize this reimbursement is for pennies as opposed to the massive penalties they would face if it doesn't work. Can't control patients once they leave...
 






anonymous said:
The point of it is to show how strongly we believe our product works. Most pile poke don't know that a majority of hospitals are going to lose 3% of their funds from gov pay. Way more than the cost of pico..only idiots like the original poster would think its smoke and mirrors as pico fixes the #1 problem hospitals face which is infection. That's why it's a great deal for hospitals. People without foresight buy out of need...watch, in a year this will take off
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what about syncera? Don't they have 20 million in business and aren't they utilizing this program with gpo's that have about as much pull as a janitor to steer business
 






There is no way Syncera has $20 million in business (not even sure what that means). If Syncera did, then numbers for how the business was doing would be given at Wall Street and investor conferences. When your performance sucks, the standard response becomes "we don't comment on individual business lines"
 






anonymous said:
If S&N really has confidence in the product line's ability to stop readmissions, why not pay the cost to the hospital if Medicare penalizes them for readmissions or surgical site infections? That would be hundreds of thousands if not millions of dollars.
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That would also be illegal per the anti-kickback statute. A little research goes a long way!
 






























anonymous said:
That would also be illegal per the anti-kickback statute. A little research goes a long way!
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Why would they want to take responsibility for things beyond their control. Readmission is not always a result of the chosen implant. Infections are a result of improper technique not the implant. Clueless!!
 






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