Nutex Health Inc. · NASDAQ:NUTX
Nutex Health — Investor Presentation (May 2023)
28 slides from Nutex Health's investor presentation, May 2, 2023
Slide 1: Strictly Private and Confidential
S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L S T R I C T L Y P R I V A T E A N D C O N F I D E N T I A L
Slide 2: General disclaimer
C O N F I D E N T I A L 2 General The information contained in this Investor Presentation (“Presentation”) has been prepared by Nutex Health Inc. (“NUTX” or the “Company”) for investors, solely for informational purposes. The Presentation has been prepared to assist prospective investors in making t
Slide 3: Forward looking statements
C O N F I D E N T I A L 3 Certain statements and information included in this Presentation constitute "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. When used in this Presentation, the words or phrases “will”, "will likely result," "expected to," "w
Slide 4: Agenda
C O N F I D E N T I A L 4 Agenda 1 Business Overview 2 Appendix
Slide 5: Management team with deep experience in healthcare
C O N F I D E N T I A L 5 Denise Pufal Director of Operations Thomas T. Vo, M.D., MBA Chief Executive Officer Jon Bates, MBA, CPA Chief Financial Officer Warren Hosseinion, M.D. President Pamela Montgomery, R.N., J.D. Chief Legal Officer (Healthcare) & Secretary Michael Chang, M.D. Chief Medical Off
Slide 6: Our mission, vision, and values
C O N F I D E N T I A L 6 Our mission, vision, and values To make exceptional concierge-level health care more accessible to all communities, with a practice centered on patient experience and satisfaction Our Mission To be leaders in individualized patient care and innovators in the future of healt
Slide 7: Nutex at-a-glance
C O N F I D E N T I A L 7 Nutex at-a-glance ◼ Owns and operates a comprehensive and integrated care delivery platform comprised of: ◼ Hospital Division – Develops and operates a network of micro-hospitals, specialty hospitals, and hospital outpatient departments – A micro-hospital is a small hospita
Slide 8: Overview of Nutex's hospital division
C O N F I D E N T I A L 8 Overview of Nutex’s hospital division Nutex’s Innovative Micro-Hospitals Meet their served Communities Demand for Higher Acuity Care What we do Network of strategically located, state-of-the-art micro-hospitals across the U.S. which service ER visits at equivalent cost
Slide 9: Micro-hospitals treat over 90% of ER acuities at a fraction of the wait time
C O N F I D E N T I A L 9 Nutex’s micro-hospitals treat over 90% of ER acuities at a fraction of the wait time Abdominal Pain Chest Pain Broken Bones Injuries and Wounds Flue-like Symptoms Vomiting / Diarrhea Cough Headaches Young adults (18~35) Represents ~31% of patients 1 Source: CDC, National Ho
Slide 10: Our patient care philosophy is enabled by our clinicians
C O N F I D E N T I A L 10 Our patient care philosophy is enabled by our clinicians Better work environment for healthcare professionals Positive reviews and referrals Strong patient base and financial performance Patient-centric healthcare setting High-quality, concierge level emergency care and di
Slide 11: Our focus areas represent a massive market opportunity
C O N F I D E N T I A L 11 Our focus areas represent a massive market opportunity Population Health Management Division I) Clinigence – cloud-based SaaS and data analytics enable providers to optimize clinical outcomes and financial performance II) Procare – an MSO that provides healthcare administr
Slide 12: How we got here
C O N F I D E N T I A L 12 Year 2015 2016 - 2018 2019-2020 2022 # of Facilities 1 5 17 21 # of States1 1 1 8 9 Milestones Opened first micro-hospital facility in Texarkana, TX Continued expansion in Texas by adding 4 new facilities Strong de-novo growth; added 12 micro-hospitals across 7 new states
Slide 13: Turn-key de novo strategy delivering scalable facility economics
C O N F I D E N T I A L 13 Turn-key de novo strategy delivering compelling and scalable facility economics De Novo Facility Profile De Novo Rollout Timeline Services / Staffing ◼ Provide emergency, inpatient care, outpatient imaging, outpatient labs, minor procedures, etc. ◼ ER Physician, RNs, Radio
Slide 14: Selected External Growth Opportunities
C O N F I D E N T I A L 14 Selected External Growth Opportunities Strategic Geographies ▪ Enter new markets ▪ Add density in served markets ▪ Certificate of Need states Facility Development ▪ Acquire and transition facilities into micro-hospitals ▪ Hospital outpatient licensing ▪ Improve MLR on risk
Slide 15: Overview of Nutex's population health management division
C O N F I D E N T I A L 15 Overview of Nutex’s population health management division Proprietary, cloud-based technology system and value-based network... …to deliver fully integrated population health management ◼ Established in April 2022 upon the completion of the merger with Clinigence to form t
Slide 16: Our vision is to create an integrated, risk-bearing delivery model
C O N F I D E N T I A L 16 Our vision is to create an integrated, risk-bearing delivery model First-of-its-kind integrated healthcare delivery model Future State Value-based care Today Micro-hospitals Technology enabled value-based network Patient-centric healthcare provider Network of micro-hospita
Slide 17: Integrated model aligns incentives versus existing care models
C O N F I D E N T I A L 17 Nutex’s integrated model aligns incentives to deliver superior outcomes versus comparable elements of existing care models Nutex Health Existing Models Providers Nutex micro-hospitals Facility Based Care High-cost care setting Oriented to upstream referral sources
Slide 18: Differentiated model with attractive attributes to stakeholders
C O N F I D E N T I A L 18 Nutex has a differentiated model with attractive attributes to stakeholders ASCs Freestanding EDs Urgent Care Centers Medical Offices Services Acute Care Emergency Care Pharmacy Imaging Lab Primary Care Specialty Care Outpatient Rehab Outpatient Procedures Wellness Service
Slide 19: Investment Highlights
C O N F I D E N T I A L 19 Investment Highlights Well-positioned for major trends in a large and attractive market (high-quality, patient-centric hospital inpatient care and value-based outpatient care) 1 Deep value proposition to the healthcare ecosystem from our comprehensive portfolio of coordina
Slide 20: Financial Overview
C O N F I D E N T I A L 20 Financial Overview Historical Financials Commentary ◼ FY2022 Hospital Division Revenue of $199mm ◼ FY2022 Population Health Division revenue of $21mm ◼ Total patient visits decreased by 15% YoY ◼ $34mm cash and equivalents as of 12/31/2022 ◼ Anticipate opening 19 new facil
Slide 21: Strategic response to the No Surprises Act
C O N F I D E N T I A L 21 Nutex strategic response to the No Surprises Act (NSA) Our Strategic Response Actions: Maximizing our claims coding efficiency, increasing efforts to collect co-pays and co-insurance 1 6 Focus on growing IPA side of the business, which is minimally affected by the NSA 3 Ma
Slide 22: Agenda
C O N F I D E N T I A L 22 Agenda 1 Business Overview 2 Appendix
Slide 23: Reverse merger to create a value-based platform
C O N F I D E N T I A L 23 Reverse merger to create a unique and innovative facility value-based platform Micro-hospitals Value-based care ◼ Nutex Health announced a reverse merger with Clinigence Holdings ◼ Clinigence is a publicly traded technology-enabled population health management company whos
Slide 24: All stakeholders win with our model
C O N F I D E N T I A L 24 All stakeholders win with our model Patients Clinicians & Staff Hospital systems / communities Payors Immediate and convenient access to emergency services Alignment of financial incentives Reduced burden on traditional emergency room systems Increased supply of care Super
Slide 25: Award winning and highly rated service
C O N F I D E N T I A L 25 Award winning and highly rated service Best-in-class facilities delivering high quality emergency care and diagnostic services results in positive patient outcomes, high satisfaction rates and greater number of referrals Top Three in Best ER Hospitals Top Work Places 2021
Slide 26: Plan to accelerate growth via deliberate expansion
C O N F I D E N T I A L 26 Plan to accelerate growth via deliberate expansion Multiple levers for growth spanning from organic to inorganic growth opportunities 1 Nutex expects to open 5-6 new facilities in 2023; 7-8 new facilities in 2024; 5+ in 2025. 2 Nutex operates one existing IPA network in Lo
Slide 27: Case study: Houston, TX
C O N F I D E N T I A L 27 Case study: Houston, TX Nutex plans to use a similar strategy as a growth portal for applicable current and future hospitals around the country Synergistic Value-Based IPA with a Facility Model Houston Physicians IPA is our risk-bearing provider network that is “wrapped ar
Slide 28: Clinigence solutions
C O N F I D E N T I A L 28 Clinigence solutions ▪ Care Coordination ▪ High-risk care managers ▪ Enhanced documentation & optimized coding ▪ Clinical best practices & telemedicine ▪ Annual Wellness Exams ▪ Chronic Care Management ▪ Performance Management & QA ▪ AHA CMO: Clinical Management / Provider