Understanding the Facts about Medicare Advantage Plans

One of the most important decisions that people have to make these days is deciding upon the right kind of healthcare coverage. A newer type of coverage is available, called Medicare Advantage Plans. Those who are considering a new healthcare plan may not be sure what these types of plans are or what types of medical services they cover. Having a basic grasp of just what a Medicare Advantage Plan is can help people to decide whether or not this is the type of plan they need to assist them with coverage for their future medical service needs.

As is the case when choosing any type of coverage plan, whether it is for physician practice services or even a healthcare insurance plan with an employer, people need to understand that different Medicare Advantage Plans cover different types of additional medical services. In other words, the plan one provider offers may offer dental coverage, while a plan from another provider does not. It is wise to discuss the various extra services that might be covered with your plan provider to understand the options that are available to you under your Medicare Advantage Plan.

Read more: InnovaCare Health Solutions, LLC: Private Company Information

With all of this information in mind, it is apparent that working with one of the best healthcare coverage providers is of the utmost importance. InnovaCare Health has earned a reputation as one of the top providers of Medicare Advantage Plans and Physician Practice Services. This provider puts a strong emphasis on creating strong relationships between healthcare providers and patients.

To ensure that InnovaCare Health is able to provide the very best coverage to their clients, it is headed up by a leadership team that is passionate about helping people get the right kind of medical care coverage. Rick Shinto, M.D., serves the company as the Chief Executive Officer. Another key leader at InnovaCare Health is Penelope Kokkinides, who serves as the Chief Administrative Officer. These two help to lead the efforts of this company on its mission to assist people with choosing the healthcare coverage plan that is best suited for their current and future medical service needs.

Learn more about InnovaCare Health: http://innovacarehealth.com/

Nobilis Health is on the Rise

The healthcare industry has evolved into the largest industry in the world. Recent publications suggest that it is as much as three times the size of the global banking sector on nobilishealth.com. After being relatively dormant for the about 50 years, this particular industry is rapidly revitalizing itself and is currently undergoing a phenomenal transformation. More so, companies in the American healthcare industry have been looking to conform to the regulations defined in the Affordable Care Act. The industry players are also actively seeking to collaborate with other organizations in the biotech and pharmaceutical industries as is evident in the mergers and acquisitions trend present today.

A good number of companies in the US health industry have proactively taken advantage of the new regulations and industry trends improving sales figures in a rapidly transforming environment. The contemporary healthcare system is in pursuit of three primary aims known as the triple aim. The triple aim includes improving healthcare experiences, enhancing the overall health of populations, and cutting the healthcare per capita costs. This has encouraged a general trend in the current healthcare industry aimed at prevention, wellness, consumer integrated and oriented care, participatory patient care, digitization of care services, measurement of outcomes, population engagement, precision and personalization of care services.

One of the rising industry players in the Arizona and Texas states is Nobilis Health. This organization owns and runs 10 healthcare facilities in the two states. These include a Houston based surgical hospital, 6 ambulatory surgery establishments, 2 MRI service centers as well as an urgent healthcare services center. It is important to point out that Nobilis Health Corp has strong marketing affiliations with 16 other surgical centers all over the US. This organization attributes its exceptional record of accomplishment to its high organic growth, more so, with regard to mergers and acquisition.

Towards the 3rd quarter of 2014, the organization acquired the First Nobilis Hospital for more than 7 million dollars. In the same quarter, it went on to acquire about 60% stake as well as the management control of a health care institution formerly known as Freedom Pain Hospital for just 3 million dollars. As such, reports suggest that the financial markets have been erroneously undervaluing Nobilis Health Corp. This has been mainly due to the failure to understand the growing need for surgical procedures by the populations suffering obesity as well as the increasing aging populace.

To further propel its growth plans and reduce its outstanding debt, Nobilis Health Corp successfully acquired debt financing from GE Capital, Healthcare Financial Services worth 25 million dollars. This includes a five million revolving loan facility as well as a term loan facility of 20 million dollars. As such, the company’s share price has improved greatly in 2015 in comparison to 2014 and is considered by financial analysts as a premium buy. As of October 2015, the company with a market capitalization of more than 360 million dollars realized a 52-week share price high of about 9.3 dollars. This is definite proof that Nobilis Health is on the rise.

An Overview of Nobilis Health

Nobilis Health Corp is a marketing and healthcare facility management firm. Recently, it announced that it had a debt financing facility of $25 with GE Capital, Healthcare Financial Services. The financing facility is to be used to support the growth efforts of Nobilis. The same would also be used to repay certain existing outstanding indebtedness and provide a new line of working capital. Part of the debt was to settle a $12 million seller’s note that relates to Athas Health acquisition by Nobilis in December 2014.

The transaction will see through one of the goals Nobilis had set for 2015. The goal was to reduce their average borrowing costs while also making sure that their capital structure is streamlined. Additionally, according to Nobilis Health CEO Chris Lloyd, the company believes their relationship with GE Capital will provide them with another catalyst for their anticipated expansion throughout the remainder of 2015 and the future.

GE Capital, Healthcare Financial Services’ Senior Managing Director of Finance, stated that their specialty is to offer healthcare companies with capital programs that are flexible. This will in turn help their clients expand their companies as seen with Nobilis Health Corp. he added that they looked forward to continuing to support Nobilis Health’s growth strategies in the future.

The $25 million funding facility that was closed on 31st March 2015 is inclusive of a $5 million revolving loan and $20 million term loan at LIBOR. As of 31st March 2015 the rate of the loan was 4.71% compared to its present borrowing cost of about 9.6%.

Forward-looking statements

Forward-looking statements are usually identified by various words. They include, but are not limited to, ‘may’, ‘will’, ‘plan’, ‘intend’, ‘expect’, ‘anticipate’, ‘believe’ and other similar expressions. These statements are usually based on a company’s projections, forecasts, estimates, and expectations. The statements should not be taken as guarantees of future performance of a company. The reason they are not guaranteed is because they involve uncertainties and risks that are difficult to predict or control. These uncertainties and risk are discussed in Nobilis Health’s regulatory filings that are found on the company’s website; www.nobilishelath.com. The same filings can be found at a different website; www.sedar.com.

Take note that there are no assurances that forward-looking reports will prove to be accurate. The actual outcomes and results may be materially different from the ones expressed in those forward-looking reports. People should therefore not place undue reliance when they come across these statements. They are just a vision or projection of the company’s goals and not a guarantee that the company will meet them. Additionally, a forward-looking statement is about the date that the statement was created. If it is not updated, the reader should not assume that it is still functional. Nobilis undertakes no obligation to update such a statement publicly. It also does not undertake any obligation to reflect the occurrence of future circumstances or events. However, Nobilis will always strive to ensure they try to meet at least 80% of their forward-looking statements.