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The company's failure to predict these obstacles was compounded by the absence of health services know-how of its major investor, an equity capital company that usually bankrolled modern start-ups. Although the chain had more than 100 centers and generated yearly sales of more than $50 million throughout its heyday, it was never rewarding.
HealthAllies, established as a health care "buying club" in 1999, met a similar fate. By aggregating purchases of medical services not normally covered by insurancesuch as orthodontia, in vitro fertilization, and plastic surgeryit intended to work out discounted rates with providers, thus giving individual consumers, who paid a little referral fee, the cumulative influence of an insurer (what is health care). https://www.scoop.it/u/edgar-stucker-89 |
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