Business
BAROMA DTC
BAROMA DTC.
About this update from Winners Inc
[{"type":"text","content":"BAROMA, INC. OBTAINS DTC APPROVAL TO BEGIN ELECTRONIC TRADINGMiami, FL, May 1st –Baroma, Inc. (OTCMarket: BRMA) today announced that DTC approved electronic trading for the Company's stock. Baroma’s stock is traded on the Over The Counter Exchange and OTC Markets under the stock symbol, BRMA. The Company owns and operates BAROMA Healthcare International, LLC d/b/a Baroma Health Partners; the first Medicare approved Accountable Care Organization (ACO) based in Miami-Dade County, FL participating in the Medicare Shared Savings Program. The Company’s three-year agreement with The Center for Medicare and Medicaid Services (CMS) allows for the ACO to receive up to half of the savings generated by quality improvement through coordinated care and cost saving initiatives for the Medicare-Fee-For-Services population in South Florida.Scott J. Backer, CEO of Baroma, commented, “We are very pleased to have been approved by DTC to begin electronic trading. We are expecting excellent financial results for 2013 and are growing our provider network month after month. We have partnered with leaders in health IT, care delivery and regulatory reporting throughout the country and expect continued growth as we expand to other high value markets nation-wide. Baroma has an excellent outlook for our first year’s performance under the MSSP, with our projected population shared savings with Medicare will be approximately $36 million of which we expect, from the trend of January and February reports, revenues approximately at $18 million EBITDA without calculating our expected month to month growth. A PE (price earnings ratio) of fifteen would put our share price in the range of $.90.”Since January Baroma has more than doubled its network of participating physicians which is estimated beneficiaries of over 10,000 Medicare fee-for-service beneficiaries. In Miami-Dade County, historically one of the nation’s most costly county for Medicare, generating a savings for this population is less difficult than in other service areas. “Targeting waste, fraud and abuse are one of the many strategies we have implemented since our contract took effect in January.” Says Baroma COO Marisela Rodriguez.Established as an effort to assist at-risk health networks and health plans in minimizing the medical expense, Baroma ...