Optimal Readings
Posted By: JustMe on 2008-06-22
In Reply to: optimal - start-up flip company - oldfriend
I work for this company at the present time. It is an hourly wage job and the pay is pretty outstanding per hour, particularly when one has lots of downtime on my shift. They have employee-paid insurance, which looks to be a really good policy. They do pay time-and-a-half for over 40 hours a week.
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Optimal Readings
I meant company-paid employee insurance.
Has anyone heard of Optimal Readings in Birmingham, Alabama?
optimal - start-up flip company
Optimal readings is a start-up flip company. The CEO has been involved with numerous flips with other companies he's helped start. They are backed by investors with deep pockets, which it needs for the acquisitions they conducted last year and going forward. Because of these acquisitions, they've gone from a start-up in late 2006 to the No. 4 Teleradiology service provider in the nation. They've positioned themselves in an attractive position for one of the top 3 to buy them out. The major draw back of this company is the fact that their overhead is very high (radiologists aren't cheap, up to $350/hr) and they've resolved to billing insurance and individuals instead of billing the hospitals directly. Collections of this nature are in the 30%-40% range. While they use Billed revenue to make themeselves look attractive, their actual 'collected' revenue is significantly lower. Any company that buys Optimal Readings (which may be going under a different name now after their Dec. 6th 2007 acquisition), will be buying a money pit and will likely just liquidate their assets and adapt their clients into their system.
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