EffTec International, Inc. (OTC PINK: EFFI): Develops and Delivers Solution for Challenges within Eldercare Sector
29 January 2019 - 11:42PM
InvestorsHub NewsWire
EffTec International,
Inc. (OTC PINK: EFFI): Develops and
Delivers Solution for Challenges within Eldercare
Sector
Undervalued Healthcare Stock Poised to
Surge
Miami, FL – January 29, 2019
(undergroundstocks.com Newswire) – UndergroundStocks.com, an elite
wall street independent small cap media group with a history of
bringing lucrative opportunities, reports on EffTec International,
Inc. (OTC PINK: EFFI).
EffTec International, Inc. (OTC PINK:
EFFI), is the
holding company designed to acquire companies and oversee strategic
partners that work interdependently with its wholly-owned
subsidiary Telecare Partners Group, a leading national professional
services firm providing a broad range of virtual on-demand
healthcare and technology solutions for the $320 Billion Eldercare
sector, including Skilled Nursing, Assisted Living, Independent
Living, and Home Health.
EffTec plans further acquisitions.
Companies under the EffTec brand will serve the needs of Eldercare
institutions with products and services that contain cost, improve
productivity, and enhance the quality of medical
encounters.
Healthcare Industry
Trends
The
healthcare industry is facing industry demands and changing
demographics that require institutions to both contain costs and
enhance quality of care to be competitive.
- Growing Elder
Demographic: By
2030, the population of Americans over 65 will increase by
50%.
- Dramatic increase in chronic
conditions: 60% of
this demographic will be managing more than one chronic
condition.
- Dramatic increase in hospital
visits: In
accordance with these conditions and accompanying disabilities, it
is expected that hospital and doctor visits will also double for
this demographic.
- Government Regulation:
The estimated annual cost of
readmissions for Medicare is $26 billion annually and $17 billion
is considered avoidable by the Center for Medicare and Medicaid
Services (CMS). Accordingly, Long Term Care operators face
regulatory scrutiny and penalties as the CMS seeks to contain
expenses.
- Doctor Shortages: There will be 120,000 fewer doctors by
2030.
Specific Challenges for the Eldercare
Sector
- Hospital Readmissions/Potentially Avoidable
Hospitalization: Unnecessary hospitalization of skilled nursing
facility residents is costly, traumatic, risky, and unnecessary (up
to 78% of the time) and occurs primarily when there is no physician
or nurse practitioner readily available on
site.
- Financial pressure. Skilled Nursing Facilities are operating on thin
margins in the face of inadequate Medicaid reimbursement while also
contending with declining private-pay population numbers.
Skilled nursing facility (SNF), that do not address Potentially
Avoidable Hospitalizations face financial pressure due to loss of
post-acute referrals from Hospitals, empty facility beds, and a
reduction in performance-based reimbursement
dollars.
- Lost bed day revenue.
Loss of bed days due to avoidable
hospitalization results in significant decline in associated
revenue. The average hospital stay is 4.8 days and estimated at
$500 lost revenue per day for
SNFs.
- Government Penalties:
To curtail healthcare expenditures,
the Centers for Medicare & Medicaid Services has imposed
regulation and related penalties for both SNFs and hospitals that
necessitate measurable improvement in reducing hospital
readmissions.
- Preferred Provider Status:
SNFs face loss of business as
hospitals decide to discharge patients to facilities with programs
that reduce readmissions. SNFs need to be considered by
hospitals as a “preferred provider.”
- Population decline. The number of residents for skilled nursing is
currently decreasing at a rate of 1% per year demanding new ways to
contain cost and increase revenue.
- Home healthcare growth.
Several new programs allow Medicaid
funded services at home and in communities, thus decreasing the
need for inpatient skilled nursing care. As a result, elderly
adults are able to go home and stay home.
- Increased acuity of care.
Taking higher acuity patients
increases the demands on skilled nursing facilities. In order to
remain competitive facilities are accepting these challenging
cases.
EffTec
Solutions
TeleCare Partners Group is fully owned by EffTec
(OTC PINK: EFFI).
TeleCare Partners Group empowers clients with
advanced telemedicine technology and support services that connect
the nurse on duty to a board-certified doctor for immediate virtual
examination, diagnosis, and prescriptive
treatment.
A
nurse on duty utilizes TeleCare
Partners Group equipment and technology platform to
generate a video consult from any SNF location to a doctor on call
24/7/365 available through its national physician
network.
Eldercare Stocks
Soaring
Thirty days after the CMS announced its new
Patient-Driven Payment Model (PDPM), the following Eldercare stocks
increased in value at a rate of 15.8% on average, Sabra Health Care
REIT (Nasdaq: SBRA), Omega Healthcare
Investors (NYSE: OHI), Genesis Healthcare
(NYSE: GEN), (Nasdaq: ENSG), CareTrust REIT (NASDAQ:CTRE), Welltower (NYSE:WELL), and (NASDAQ: DVCR). Investors are unaware of
this undervalued Eldercare stock EffTec International, Inc.
(OTC PINK: EFFI) making it the perfect
opportunity to get in at a record low
price.
Revenue
Projections
(OTC PINK: EFFI) Current contracts and new
business are projected to deliver $2.0M in revenue for 2019 and
$5.0M in 2020.
EFFI
Undervalued
Stock
This undervalued stock should be in everyone’s
watchlist. EFFI’s current share structure is the
following: AS 100,000,000 million, OS 10,088,960 million, Float
million. The market cap at the time of writing was $807,117. The
current share price is $0.14
EFFI is one of those thinly traded stocks that could
explode on low volume and once this cheetah takes off there’s no
stopping it.
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Source:
Source https://www.healthstream.com/continuum/continuum-blogs/2018/05/16/challenges-facing-skilled-nursing-facilities-best-practices
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