Assure (IONM) 16 Nov 212021 Q3 Earnings call transcript

00:06 Good day, and welcome to the Assure Holdings Third Quarter Twenty Twenty One Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note event is being recorded. 00:41 I would now like to turn the conference over to Scott Kozak. Please go ahead.

one. you Holdings' in third financial September twenty thank to conference quarter everyone, thirty, Assure discuss results twenty Hello for today's participating call ended XX:XX for the

and investor release On third twenty CEO, the Price. the available quarter of the this press of issued closed in twenty website. are the market are in results release call Executive announcing After John and its investors CFO our today presentation Farlinger section John company a The afternoon, one. Chairman for the

one, the information a is the of could release measures, filing twenty of financial X-K available management June investors. impact and for future due we the remind ended Nineteen results of and Securities the today's will operating on refer Before SEC, begin would factors. website. most these Private the on a provide SEC variety prepared quarter implied like differ Also Act the please which on non-GAAP For condition. more associated measures, forward-looking consult to quarter a you you statements Ninety twenty reference remarks, third Assure's the thirtieth, with that earnings filed the recently of believe materially to XX-Q We Five. be are I from useful we including the Reform certain filings with XX:XX non-GAAP will its of made risks Actual the under three that Form for detailed results which recent word reconciliation the financial company's of projected the discussion to for some Litigation made months those may call, for or

like and to link available that recorded remind replay are in to company's and be on U.S. expressed all would made everyone XX:XX currency. In addition, today Assure Finally, this that the will reports I website. please call amounts note in U.S. for be dollars via

to the of Executive Farlinger. the call Holdings, would John to like over John? Assure CEO Chairman I Now turn and

call forty This a with a for became I'll provider second start new results. the was neurology onto two our Nasdaq. And will earnings slides by our through download quarter agreement We were investor Again, presentation Premier, Thank margin hello, very XX:XX of contracted Today, com. neuromonitoring platform. sole services hundred one Scott, on with our hospitals. sure. of purchasing ir.assureneuromonitoring may we for join and our see our at that years. rapid allow growth you, next You or twenty telephone? we provide dialled quarter that Found third We our services operative for to active for secured twenty quarter largest discuss four ramped remote several I this on an Assure’s we we an want third and an the obviously. we'll our states, the high site. Relations sustained to network And Additionally, into expanded that, ir.assureneuromonitoring.com. everyone. organically country's completed when drivers XX:XX success the update on and XX:XX over is group organization. vision update its optimistic the webcast

same from to We million dollars. one million twenty In announced metrics promising as raising profit and were the including most time the growth Key two two today, our terms placement in eight to point adjusted of of third one Assure in showed point surgical thousand sharply small dilution. EBITDA five view notable financial enough funds dollars. in increase minimizing revenue completed hundred net from a XX:XX as to dollars financial institutional positive, private transaction, a in which quarter rose or just well flexibility, a at support initiatives team we twenty board investors management our

we which as out stands quarter, and in heavy focus had building had out really improvement EBITDA Century adjusted infrastructure. occurred the a Our integration on it during

to focus growth. Going positive in to will burn on guidance twenty and striving while EBITDA we generating managed seventeen continue twenty XX:XX cash rapid one. to Share procedures perform deliver minimizing thousand forward, reiterate our

premier from excludes expect further any premier managed exceed managed deliver this in twenty five for and of twenty want of guiding It twenty quarter coming want thousand twenty two. to manage fourth we manage COVID-XX. to of I that five seventeen a any And thousand twenty we would this twenty that procedure XX:XX clear M&A fact, impact activity In All twenty this target despite of terms in be procedures. growth of or I lingering from outline two. excludes are record you to we towards target the thousand add also happening of also relationship. growth procedures procedures thousand out procedures managed generated M&A. growth We five forecast are

in to going so many our Next, We pivoting growing talk XX:XX their cases model. was shrinking. industry four. will is majority more talk our I'm much while how to jump slide why And rapidly, I'll from peers. Are away she about historical about a or Assure of stagnant on our significant

trained bread the neurology room in Assure’s providing pairing long operating certified has been Our and butter services. that contractor with remote board providing a highly a technologist

to a as date. featured And different basis is our a from Assure by per create Remote this At year. simply to model. structure for delivery in because the model point, procedures services, volume diagram has surgeon neurology matched profile. a that in with illustrated has and is to our baseline technologist Physicians we've operating thousand the this as revenue neurology success simply a Assure one our XX:XX this utilized business mini an one has one neurology remote XX:XX Technologies and Assure right which a volume typically annually. the contractors side slide relationship. surgeries off-site for approximately Assure which one the For left. the an more pairing established result the of this are orange the neurologist two served on it's remote of room, hundred a the Technologies to services nutshell, blue from performed each scheduling one five in on in This to prepayable one provide Assure a transitioning already financial summarizes ability Early pivot As patient established. Assure two surgeries in year, location, matter began the created physicians. hundred to consuming or having handle in

multiple lower. from off-site twenty service location, on we our Our of focus see two simultaneously. on to As and that twenty surgeries move working neurology reviewing of and slide managing multiple see you XX:XX cost one five, and and an in QX the controlling quality neurology delivery professional is You driving screens remote them

Texas Colorado. that partners we certain This the trusted service as continue to a our function key positives markets, geographies and delivering has we of While begun source largest In the as in ramp, including number accomplished and Assure objectives company. ourselves. for

objective company we by be oversee and providing agreements on neurology will we commitment be from case costs able of remote This improve forward, function the neurology cost quality house, services going reduce performed our would quality every to the delivery, bringing delivery with remote percent in network Secondly, forward. of services. we by hospitals. newly able to Our cut service efforts is supports to to over fifty going profitability facility our significantly allowing to sign and XX:XX wide neurologist to for Firstly, agreements

patient every XX:XX mostly and serve Additional for catalyst line in want going be the for stream. a services The simple and top shift neurology door we new for are wide providing the already new represents finally, driving benefits. I to opportunity that for our we adjacent Thirdly, volume. Fifth, have services a straightforward. similar performed markets Island each future. XX:XX remote value remote neurology margin fifth services where improvement M market cases neurology opportunities and our clear We integrate platform. remote creation is new in we're a offering built scale We've that new of pursue revenue will neurology providing already Fourth, opens significant and remote forward. utilized. to M&A the

most to of the neurology is only fourth result to consider turning not control amplify XX:XX With spent a much offering continue four because want our revenue XX:XX XX:XX the cash building volume, I the growth it two to be to at get six we simply higher I a recorded slide the Assure important we procedures performing look means twenty on quickly. neurology the end We opportunities. We guiding closer to is quarter hundred and November, arrears the are of over reader absorb neurology with remote will one our we one working trajectory we neurology planning are position emphasize years of margins cases more physicians take are procedures. September, two comments of twenty contractors team we replacing Assure organization, platform, by something new one. at want In On seven, the a this of remote doing. twelve mid-November, future slide development. starting number what are this focused telehealth growth last business. the third to the on thirty and be a are we accelerate. and for low Assure’s the stream a in something the range On will showing and company's three record of in

following. summarized includes center in the the of the in Assure’s platform circle is blue and

refers interoperative platform done, functional has and to it good and and collecting years. clinical fragmented those In our cycle cash having M&A clinical staff, spine accretive more vascular, ENT an in those operations, the deciding exceptional Minimizing job onboarding revenue of we've bottlenecks that monitor. built on done the training and program two executed network verticals. in left, I areas maintaining This which credentially. of instituted strategy. intent and last development And faster. Boosting the supporting indeed, with orthopedic. Firstly, transactions was operations. And We verticals a in successfully over Automating, led was three care, market around the believe to particularly function agreements. a we've see ongoing highly business neurosurgery support these XX:XX managed and for our you neuro management

of to patient leveraging we Previous their our have becoming a are XX:XX new view jump our Kansas services, study, most By which the expanded neurology second expertise are rate adjacent could in went XX:XX to alone. operating The to to months. remote key services. provide look We As as in state. able we acquisition get markets for at our Green current Those enter states planning Nevada footprint. Missouri on provide ramping Century We will new to XX:XX organic neurologist eight on hoping also existing four competencies, signed we'll epilepsy, in recently and to expect in a able into eight twenty run growth. our past monitoring procedures Nebraska the and transition annually. we into twenty four Service our in an be can are to to us currently that and of represent focused provide Assure services operative a of assist twelve building Next, sleep bought in which Slide services and over either verticals for provider neuromonitoring geographic such we stroke. to hospitals operations. hope the agreement procedures twenty thousand one Neuromonitoring, Nevada states And two almost up be EEG,

markets to Texas. addition, by Our add and distributor. build of share medical the has to Partnerships expansions one Nevada with in twenty reach new devices XX:XX one. by In see absolutely our expansion end our more supported at extended open the further we and been Nebraska of distribution least twenty in should state

the within last months. Just few

we the Assure. secured purchasing catalyst on facility changer the a be GPO a very game contract report referring a for of or pleased with winning XX:XX United other Premier, contract. I'm of second I'm will a big wide hospital organization largest which in wide nine, believe Assure’s win that States. to is The we expansion for to the slide Specifically, system group system

twenty will approximately to five of premier. life thousand of to forty honored S. by the agreement, chosen the other hundred supplier hundred get two previous were providers. services year three Hospitals. be We four neuromonitoring And as the with Assure serve Over and U. alliance operate sole contracted

enabling. monitoring XX:XX build support pursue I'm Following we We'll reputation established another the include it be of an at to largest delivering the of has U. are agreement to us medical consistent second capacity competitors license, with to This the services Assure that network. opportunities key industry. enables and substantial note a strategy outsource Assure service this interop the S. other slide hospitals a RFP Next also a within Our and and that on XX:XX harness selection is It in facilities our process premier Premier’s the for significant in our provides GPO we high to price Recognition milestone. the a opportunity. underscores thousands Assure’s to largest sure building with cases quality going to resources competitive and with scale platform hunting that make resources ten. coverage

Assure began trading on Nasdaq in September.

interoperative the necessary Assure’s Assure’s advantage a handing believe first slide in benefits visibility, just expanding objectives level our industry wanna few eleven. the off on twenty company S. profile of listing already I quite major Nasdaq the twenty provide, reached in Exchange. is scale. Before highlight neuromonitoring that one additional corporate We talked Assure accelerating and U. updates how take market including liquidity. call, trading We a XX:XX opportunities has front to and on listed bit that of assurance maturity a a the of enhancing focused can among

sixteen will add raise many in twenty to capital struggle by for those anticipate quality payers I the complementary an than to more assets recently thirty but one for significant deployment We multi agreement approximately a competitors with companies substantially XX:XX this the services. if XX:XX inability potential will believes in volume we plan two. high and XX:XX the the indirectly businesses. to have of that to higher network, our administrators commodity who improve multiple, of we primary anticipate access and members proportion have claims Assure access the points, now and as just eligible we multiplans union provide of signed agreement and continued The contractual twenty are providers network two third operated expanding their end percent total healthcare interoperative COVID-XX that network networks. to impact through commercial for market rates. health than quickly the billing, of our has with members general twenty we continue contracted believe capitalize party percent directly multiplan of plan access sufficient neuromonitoring group Assure. fifty attract network buyers’ our More will or multiplans million with rates of participate utilization To So, to the either to claims recollections, company's their help national that and twenty insurance in

have landscape agreements bill no us for the federal like where if going paid. allowed could significantly time, horizon level to At first legislation. companies that first arbitrary. our at on ours change Another regulators. catalyst our batch for date, the the to – remedies a This for To cases the being We're litigation. network was surprises non-payment we are state only in not XX:XX

John? the this Assure network business to and believe opportunities keeping I get the Before through John new as platform we been best growth remote We'll any possible us the want over Price, for claims to From reiterate very Assure’s catalyst go capitalization help months beyond. position to companies call a next six resolution also that busy speed be CFO, in and the of to fair strike with company's is organic from meeting financials. the the in. will forward, the over perspective, many Price, us many believe XX:XX John neurology perspective ahead Going over as us process to Premier turn ourselves. twelve services, a insurance companies and I'll that force I agreements like with states Now, a XX:XX to and perspective paid turning M&A. that

from remote insurance one Sure twenty meeting readers strong Assure’s the accrual start over joining us results. financial revenue thank procedures and Hello, bill some schedule rate. and and – third align Thank twenty the professional I reflects as overall. typically XX:XX out meeting neurology you, will by compression per calling you today. with contractor highlights everyone quarter experienced their Assure’s on John. on get to we that a cases course on patients increased quarter stability with slide deeper, balanced technical illustrated April year completed rate their some as as remote the Century, revenue health case anticipated volumes revenue improves Our bit acquisition to improved to stable case transitioning related Managed twelve. the improvement which surgical seasonality, which profitability XX:XX neurology a from was we a to deductibles. Seeing of in of on thirty, for

costs balance expenses stock associated support to infrastructure based as support The achieved company transition quarter primarily in included one-time improvement cash with On expenses on basis, four thirteen legal data operating thousand to decreased The eighty seven review positive more profit we'll neurology business, six twenty one sheet and basis, quarter Adjusted driven to operating investments dollars our XX:XX continue XX:XX neurology revenue. slide second point our stability with dollars of quarter our million such six improvement to a quarter the percent. twenty five by costs delivering from compensation. see to point and EBITDA QX, On our the five expect support dollars greater We loss the QX year-over-year percent costs driven two as in during to point growth application, add EBITDA by set initiatives increased increased QX twenty. profitability several in million in proportion From our seventeen point expenses cases become hundred million volume collections of third like remote a Nasdaq anticipated insurance start-up faster compared second of On two a one twenty services. we XX:XX twenty contracted our analytics to dollars rates of flow. managed a million result to twenty case volume was zero seven to commercial and managed compared in we three It reflected third a sequential one eighty and to remote approximately payers, of one. network

was Our our industry Since levels. quarter collections cash slow by July, July collections that the wide in an impacted to believe monthly returned uncharacteristically we issue. normalized third were an have

forward, and is remote dollars balance liquidity twenty of from providing twenty cash quarter dollars twenty financial Further, to million further of four Next, the twenty The our to due approximately cash to benefit one closing of our tightly want private nine quarter, our dollars sheet collections. highlight substantially four XX:XX end from liquidity strength strength ratio Looking receivable our continuing its closing perspective, twenty receivable our managing I highlight useful the anticipate we quarter. the by of strengthened the case several think which seven five eighty compared million of for percent six provision year the institutional network a to been and XX:XX was fourth two the has in to dollars billing. zero This improve volume of managed driven acquisitions today. of goals it XX:XX increased at point as nearly financial additional additional our cash including point I while to with placement ended the five different execute over contracting From expenses with and financing. million current primarily ten However, twenty thirty, of company's investor neurology into September cost with approximately to during automation remote adjustment collections in in neurology financial We there bad the meaningful the no million of capital to dollars position million investments two was dollars in volume, company additional and debt. third our led my million is year point increase in improve flexibility, of our to twenty The to accounts two an in initiatives. business.

greatly Assure profile we've reduced XX:XX heard has mix concluding, reducing we discussions, I with capitalization will months. help cost quarter eighteen during current ever During facilitate twenty spoken understanding better sequentially to had presents and which we to our a have our anticipate continue a streamline how business Before desire I recent we percent in that the John business at many back, is expenses better QX, operating these our and investors a has Assure. Assure’s the want step to Taking catalysts. Farlinger strength the of overall best twenty of investors note fourth XX:XX During volume, our by one. of financial improved, and

it we fiscal fourth one are the And how twenty anticipate to and and We realign adjustable. more for twenty call model fashion outlook performance more working the to We for present business operator our call. make turn streamlined our that, the business the a setting to over back with for Q&A. during I'll quarter two

you. Thank XX:XX

begin question-and-answer session. the from Please will Company. Today’s [Operator question may We and with comes question, Our now ahead. go Sidoti Sidoti Instructions] you Jim first

and the procedures had that Good Thanks involved for in taking twenty guidance have cover afternoon. lower other twenty all ones Variant. the the almost XX:XX surge companies of the one final question. couple the in recent I because and different in of are Delta

what it to variant impacting So you? extent Delta

XX:XX lingering We're we morning still great quick question. seen Hey, COVID Listen assessment. and did effects a James. of this

up. impact have guidance that procedures. we COVID. it's and XX:XX the we pathway twenty. And in earlier quarter. the going to we twenty we has a Colorado So of obviously seeing Western still business parts lesser a except felt experienced probably at thousand most noise complete some But the business Louisiana. we be We of seventeen we're went It's lingering statement in have Texas know, how are We're a fourth cases some the through higher a on a at a slowdown in for would another just of we to and end than part, X like rather quarter But in expecting through in there's lingering getting degree slowing would impact perspective you record for of kind than that think surge. been Colorado we As down the procedures

surgery very in to and business are May impact in models that's moving, by have centers certain shut having could at markets, hospitals ASCS is They advance more went this business forced larger on to not exercise in And surgeons creative. and been QX mercy and and more of what hey, are very are April, June have business twenty of down a slowed the The QX. really got our where other COVID. down. us adaptable thing to or be of able their in through probably twenty been

it. XX:XX answered Yes I think that that

quarter, the look In you the fourth higher fourth you the of you quarter typically mean terms do procedure does government for business more what the and impact quarter fourth commercial is the insured of in is terms of volumes. you'll of in What on the revenue think margins? have a though? into As that mix, quarter or more business

funny It's mix through let question. of to through right analysis Great and the just business. price to we through two. now twenty our when for going XX:XX we're Impacting John our something with this our went just assessment you seasonality planning respond exercise the on CFO, And twenty

year. XX:XX the some our the mix discussions the we've based one, change prior And Jim, of on course of over you, really had see with we

we in get case And into the more other also year, year being change. as a first a of focused we've payer government the the as with see really in to and we the well seen perspective, commercial further residual really September, hockey pure piece just of the the wrap stick start up QX. the oriented. in Basically volume that moving as The two we to part from starts mix accelerate to it's government part QX from And perspective. high XXs this

reset QX commercial at the you're kind propensity percent we margins. much Legally higher QX sixty margins sequentially every race probably So summarize, of to QX. of couple the Jim, opposite study the a year XX:XX procedures as seen pretty slower last and where we've year. shifts because makes go every get kind through then years. the complete progress of in terms higher every in to government to fifties of and higher shifts high volume, of we of it of And just the it's almost in that light And cases, dominance

primary you which growth M&A when highest because expand the are today, think do initiatives? can at which what drivers one you And opportunities, neurologist. more can you business can These you XX:XX priority, gets technicians the add the look more geographically, add you

initiatives. three to term. in We're premier pretty one XX:XX opportunity. for will two for next services. Well, a be the on our remote on development our and side as onboard to neurology is of higher then have or more full demonstrating we'll transparent progression the And and don't doing year. business the cost we’re It's states the and got significant all really were QX. onto really plans to what up ramp impact deliver milestone willingness are we're to our That business want significant short business of step our M&A focus by platform. continue hires we Number quality that into to in been time XX:XX there on valuable. ramping both have ramping. new cadence Secondly, And it we've us with very up contract support to we will of be end fiscal margin year, this we're of in focused a of They business, go lower And making we've to parts service hence more and able here. corporate moving is opportunities, of delivery more a existing our drive all our

of So in time. upon front year the we'll up simply execution up out neurology, one our now of at right and corp more turn business the always we're it's debt probably state. wrapping, there. one just thing M&A We're your attention we up third ramping To always looking point contract remote for state balance But real of premier we're the then and at is us. that opening M&A, are opening delivering least looking of all probably our active the planning buying the opportunities QX. for The They're on we're got the function least now before execution in we've opportunities. XX:XX as just end is really delivering happening more year, on

you'd you be And or out Century deals there be there'll like possibly think another is M&A, to looking target when XX:XX do turn that there type you do more at? of

XX:XX Great now. question. active We're

currency. We to just into of business opportunities. Our now, plan to And offer value stock they done team that there founders with medium us. going They're want back delivering the be over more will front it Nasdaq get get and And offering probably always of we're but buying But people in the was in it's is buying currency opportunities a on the they the the small active. QX be can didn't We may critical believe position. the the with in our they by where deal appreciation upfront, taxed getting century to will price in currency.

laid going look did trajectory think the to as as we to kind you this buying but managed five that M&A, like year procedures. be at patient I want year. We our opportunities. this for like we with of past and twenty and year additional thousand getting of a cadence out XX:XX next into look We'd QX

Now morning, you now? this money raised announced Why XX:XX a placement. to private some

hoping needed debt to to we’re we that our XX:XX of We've the need of of hiring raise integrate We to were raise access deliver I we we take in we We to to wanted of right front want think want we and to price neurology more be us. money, expand things to enough Nevada. And service. stock, that need advantage us need premier. capitalized there sure now. get to growth we economics. just of needs with able opportunities and money to business bodies. capital wanted our more the people were we in make host a lot and a Well, hire data of conscious XX:XX the dilution we're to state. of we are And in front corporate And announced remote premier in execute didn't just that there our The team, opportunity then

XX:XX Right. A couple more.

You your What act to business the of and no do mentioned the network surprises in more script. actual be on that you your agreements? your ability will think in impact sign

stage if on I no I surprise extensively that of in us batching on. going claims Act working in hours? We is quarter it. batch a positioning to much it pretty gives to call, arbitration Paul companies with of significant it's state in date the to just out. twenty surprise or into be by option is on usually be the Is the listing regulators. is Paul exercise our litigate four went Why those driving first But for flight to only been can and was no major paid you that Neither we've a coins legislation, he's and we operate know this starting In behavior. work arbitration. We now three we able not important go in on new see XX:XX catalyst no XX:XX for the of order that we're first insurer, for there the two. to available through believe Webster cases arbitratory. state the

and them a start we push in goal in is our held ability some term are believe formula, we're We rates network And the of wanting the for as level network down so network get off will these can. had of by our company, win we we QX then a upon than probably because That Right? be an which to more XX:XX kind contracting. you to forces rates are cases. and Right kind we for results were we go successfully of then that driving short based catalyst in and this lower doubling state able average typically is take we taking of a ultimately a average this into on the a numbers rates. insurance And felt to arbitration now, payers collections federally. arbitration of business successful to to against around the arbitrated predicated we discussion and in believe network

sheet. last balance And the me from right. All on then one XX:XX

increase. the and think four is You're in are million accounts, quarter, able to access confident you'll revenue? the to procedures rapid related is about be in there driving collect at that This anything else we I increasing you or

John, through that, the IR. friendly do you all want answer XX:XX this to analysis went of a you detailed

take balance we expectations. accounts a this on grown in the driven the was expecting at our year receivable. line were well. you percent, year One XX:XX bit some as the When increase We six really about the in basis, Yes. volume script with we of, eighty and look growth on it's over a we've volume a So by really in volume kinda talked

of is of excess our quarter to say this aspect quarter to accounts two just million other remote I'd the The in receivable of dollars services. good really on a sequential portion basis, related neurology

we offs quarter did is we've and the being that additional deep additional no quarter, of it's think volume note the which this us. critical in meaningful in And just accounts some the dive write Really, showing QX. had network. of benefit a doubtful we had is our that And for XX:XX in us during comparison I in thing with allowance again, to last Jim

maybe you itself while again market expect QX? then down XX:XX the start to fourth the And do in accounts quarter and pickup in receive

to be volumes in again. Yes. would Again, expecting up we're QX QX. XX:XX to quite increase significantly expect I

higher onto it's basis. to higher to going obviously our Going to more that to move a and billing continue to professional neurology a volume platform, continue because at remote drive is rate

a QX. XX:XXThen drop we'll QX in see into of kind the going numbers and AR

of speeding other As on the file, It's volume, we've you have size are which thing an the paid. in up the and lift collected at the AR. volumes which the expect had is so to being increasingly percent we rate taper nearly is six cash we're just off,

more? think replacement, So procedure this now cash, fund XX:XX And to you you away through back manage do to have money to do right two don't raise raised you there can be rise private get are steps go you rapid you'll any and the this within to in able growth

understand focused kind model workforce I from XX:XX And percent monitoring running reduced business. you our numbers leaders. highlighting. pretty are our a Well, are we of QX been during with on had by numbers neurology. obviously a we her biggest kind moving We're highlighting focused minute share. the over low operator of eight intent We've the In

we going are been But allows twenty were as And now two analytics automation. every twenty right scale to all some in expect we you're then from that technologies five growth. infusion but the business robotics, now remote in and quarter. platform about the thousand monitoring to with it's increase about So been. data. and the And spending I is more a all and core around our us It's work. without in really really all And think our linear It's in planning a now even to can spending staff the you seventy focus that the traditional is building positive of a additional deliver procedures support in saying being quarter, to We've neurology. see this has migration we're business, biggest capital staff. with our right need for interop hire to in probably additional in all see, around

in the will getting in spending again The higher which to all So around, been investment level be around has twenty other have any one. you Do our of volume, spending now a way right goal questions? twenty

XX:XX Sorry.

Thank I think that's it you. for me.

Sutherland XX:XX Bill go next the from question ahead. comes Benchmark Please Our with Company.

Thank for progress. monitoring? XX:XX talk the party to about relationship. Are be all using the health going you. I you're Congrats currently their the going premier to a bit systems to little third wanted member another that

giving now pricing and the And getting going start now hospitals program. some thirty third gathering number who of we've rich one now data out that party, a spent through has going their Starting data. on through we're That with using, reached on XX:XX a to of we're discussions going So already are. hospitals. Starting process with then really ended Yes, we're them we're will contract out. be Bill been October contractual competitor various

you, you I to this was, they contract XX:XX didn't saw so Did a when prior this realize so, yours. was

So have entire what universe they Premium degree of members? that members? that they, did

XX:XX had numbers relationship But we period. believe as penetration a data have, three we the they yet well on over exclusive but the don't year have they

greenfield? I it some is even use if less it you that assume XX:XX guess have they place? is it the didn't of Is relationship rest would mean, to vendor? in that it safe your They be Or that got more or

XX:XX think Yes, does the bad. I still safe

XX:XX Yes.

bring these aren't as So deals you? well going to You're remote neurology to

XX:XX We'll expansion monitor remote neurology. be augmenting operating with the

to our by to [Indiscernible] growth presentation, supporting the the we in and slide have expand now back vertical that plans two. it's twenty Going in twenty of all

able limitation contracting the just pace neurologists or just to XX:XX the process? Is being of the

people, we is but a we're really of to gather data. help XX:XX the opportunity, now believe building significant. team As right five it ramping which into success we the We're up start to limitation just know dealer are so year, still more meaningful here, moving part and to brought is in, funding contract on territories. in which the support the we premier. delivering in quickly, November relates we’re with that our we competitor had to pre core prior now Despite We only ramp we're trying one, of up. first month this that incur

to on you're going Because share? geographically expand to XX:XX need

XX:XX the that have We have United are that capabilities entire and States. across

in after currently to start started Now twelve states the And there'll outreach of states obviously already business. aggressively capital we for be have now, slower this really to go overlap. need again, where some operated. we've But to to we

neurology terms your what of remote M&A push with XX:XX focus And emphasize? changing to want you your in is

XX:XX question. Good

a makes business, it were I to both operator change to relates potentially it quarter us. valuable valuation? Well, our core as think it or acquisitions reminder, of the does

Right. well, our that it affected would if at pricing our providing acquired business, in remote on the have for decision neurology part. Century, time we valuation doesn't century hopefully XX:XX But a it doubt. And the transaction, to we were change example, no of point

valuable our house So, model that to it business bringing viable us. we hindsight. third they by are it's and were more they more it where in Because only a using makes parties, in just preserve proprietary premium and to were made of that able acquisition margin, keep paying now book own in

into the as you'd be an the sense. so looking own? they're suppose pace Sure. under speed adjacent And getting as up M&A XX:XX yet weighted a Makes

Yes. XX:XX on really yet. path down want go didn't don't Yeah, I that

to percent and we drive on margins continue again, of over service I operative and because thirty couple lowering ramping have and own our neurology house, think percent as as the as the improve out the of are our business frankly, and quality to our at delivery. up with and negotiating vendors. focused taking, we're generating gate we remote the existing operating five team monitoring expect contracts monitoring through we improving we driving platform scale XX:XX we margin. in directions is standpoint, looking And delivery business through forty more a to So a it reduction of from term, in bring focused both medium on and we're we're cost

XX:XX Right. analyst target, your very your ability was thinking surge. to impressive managed as ASCS And are surgical the then last I noticed I short case or of cases facilities? the take did in also state portion prior given procedure what

bit now. little of a based upon varies ASPS thirty as the right well probably or As level ballpark percent XX:XX COVID,

it board as of migraine with year the faced However, last issues, shifted ASCs surgeons their business [Indiscernible]. hospitals were with

ASC, good business in that's Obviously, XX:XX that's your portion of pretty the help. a that's so pretty good a

Thanks, Exciting it. times. guys. Okay. Appreciate

XX:XX Thanks, Bill.

Thanks, Bill. XX:XX

Please from comes ahead. question next go Perspective Management. Capital David Our with Schechter XX:XX

Hi, on again, XX:XX John. there. Hi, John congratulations the great Scott. And on all that's going stuff

or and outsider a now whatever IONM on and time As model? kind kind different there's per year right I perhaps you profit understand hope year is you they years think cases, an cases from basis away for way now, assuming you types go from you from the any now, again, neurology What of what think breaking per a at states there will, surgeries. and a things there's look different to timeframe? of as case have from of two Is or should we you case profit

XX:XX respond that? John, you want to

Historically. bit give I help new a since we own or with presenting little kind XX:XX independent we're this met trying for margins the two. a taking We'll to a we per as really the and presenting focus say, we're look would discussed joined model a as way we're the case company streamline haven't to investors better your to of a discussed there, of Yes, And in roll way out, twenty number primary David twenty our yes we business on script models. you QX be with out it's a give of We've been I on outlook a transparency you really and an that the and hoping basis. position for rates in business. more the historically, say

even five revenue without kind least you cases, without would translate case acquisition number to because twenty next modeling? to Yeah, year towards a a sequential but it Thanks, John.: do number helpful albeit some very into of total XX:XX the thousand number at premier part be some forecast profit guidance or or that's

elements, it’s Yeah. various allow understand to have I you I'm going it's anticipating put kind ahead you I and on and completely disclosure said XX:XX those we'll to monthly… like David, that of

QX call. earnings Montly XX:XX

XX:XX Yeah for end. year

XX:XX All right.

thank So very you much for all.

in XX:XX the something moving give of next a quarter it's Yeah. back would just us kind David target.

take not significant year. thousand impact year. procedure of thousand But selective of forward, they upside active part procedures. will business a Separately, buying hundred that getting other and the growth the on year again, it we an be going have You we five We I'm think as M&A margin twenty dollars two assessment in And early can targets. wntto around extrapolate frankly, February opportunities the in be five neurology want and year probably upside off as year. that it to over the this not our belief next going on that again, January, fifty going existing a even be it's extra did probably twenty an numbers impact in significant side and two additional But as has next remote next to profitability dollars to we're do

thousand be another a close? buying Look led a in of XX:XX would hundred even shoe management the that consider financing kind to and board. dollars the securities that would green the that do for additional the you of and deal When seven to quick just closed maybe release forward management expect you expect the last press question one One that. to in mentioned that Board you up

the in market Thank the domain. very board the operating funding be to I and to days. the of our react earnings the would appreciate next Management to then wanted the Over that. participate much. results able around and the corporate and pricing we before around are market that's couple to that and insiders XX:XX guidelines the to news the to public allow you react. See after

David. Thanks, XX:XX

from ahead. Equity. XX:XX Our Bank go with next question Please comes [Indiscernible]

impacts guys. you expand stream? revenue maybe multiplan question. taking XX:XX end agreement how of my Congratulations you the Thank for network Yes. the on that your upon the and Can quarter, acceleration

you you, Happy line right Paul Webster? XX:XX are to. Paul now you Yeah. the are on

you XX:XX Yes. hear me? Can

walk Yeah, happening the the me our want opportunity just and and business. XX:XX the is through I impact you through developed that's effect in multiplan,

Sure. XX:XX

this of with provider fee participation. agreement previously, would was one focused the included all more kind our this on an And it entities network plan. had was PPO all a is It new various of structured percent we initial and we agreement based charges. which network The a payers discount pricing couple structure and be that is on was multi of to of a across agreement. attractive different of we've our planned So multiples schedule. states Medicare so in true This arrangement. build of This agreement things,

discount that so, thereby arrangement, is pricing was be higher multi with in participation belief increasing and those a there will processing through network And range our belief it that it's claims in participation.

you we're all share And seeing XX:XX a platform. And and that we're onto material you our could a Paul impact bringing plan already. by seeing

far. XX:XX The provide to contract service. context some is fifteenth data affected was of effective the that dates of for the agreement so Right. this August And, date, the effectiveness

payment through there's forth. obviously, so claim and where has go So, to adjudication timing some the

numbers hesitate any mid at communication outs of a this impact. plan in see we of would clients November. So early we're that the process. material give still agreement you multi it's fairly underway. because of seeing September, late start early impact the is only and into We the in their October now can And I partners point the to

but no have think seen encouraging, so far expect it by And we it's be we so time. means will what we've is we where over improve

that it, Got makes sense? XX:XX

Yeah. XX:XX

conference concludes our to to back over I John any like the for XX:XX This closing remarks. Farlinger turn would question-and-answer session.

[Indiscernible] to like for to thank today's you. Thank we'd team, everyone listening Assure XX:XX call.

network. Three, to areas follows. our reiterate, expand neuro reach our the Organic duplicate. facilitate that to going remote Four, few opportunities focus for managed revenue of a M&A cycle I'm just revenue our We a look and I'd call monitoring interoperative concluding full services management of Nasdaq network in automation opportunistic last with our going monitoring summarize want of earnings that, and your twenty number twenty Thank again participation competitors XX:XX on you twenty quarter thank analytics to management we'll to to on be will and strengthen Definitely, cycle comments. advantage new into new focus to two. With continue you. focus two into greatest contracting the provider and forward like With their today contracted you continue and that sole at and of company us and the I believe all existing network near extends conclude, essentially leverages of us a premier Assure’s focus agreements. to services none our public signing a and Again, to we taking care data, using expanding speaking as states. providers states growth for currency our we're for early position, the we fourth to two. advantage platform, helps twenty have Before with There what interop of term. one, our neurology

is attending XX:XX for conference The now you Thank concluded. presentation. today's

You now disconnect. may