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The business's failure to visualize these setbacks was intensified by the lack of health services knowledge of its significant investor, a venture capital firm that generally bankrolled modern start-ups. Although the chain had more than 100 clinics and created annual sales of more than $50 million throughout its heyday, it was never ever lucrative.
HealthAllies, established as a healthcare "purchasing club" in 1999, satisfied a comparable fate. By aggregating purchases of medical services not usually covered by insurancesuch as orthodontia, in vitro fertilization, and plastic surgeryit hoped to negotiate affordable rates with providers, thus offering individual consumers, who paid a small referral charge, the cumulative clout of an insurance business (a health care professional is caring for a patient who is about to begin iron dextran). https://knowyourmeme.com/users/guireeo968 |
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