Extending Credit To Small Hospitals Since 2002 - A Business Model
FastHealth Corporation's Business Model has been based on extending credit to small rural hospitals and medium sized hospitals in the U.S. Because of our willingness to extend credit and liberal terms to small critical access hospitals we have been able to build a solid business model. We have been able to reward shareholders based on this model and have a successful record of generating cash which has been returned to shareholders. Our extension of credit to small hospitals has encouraged hospitals to contract for our advanced technology.
*This model has allowed us to generate $4,228,000 in retained earnings with
our $850,000 in investment capital.
Small Hospitals - Paying For Year after Year of Service
FastHealth Corporation has a god track record of collecting receivables from those that are estimated to get behind (even up to 1 and 1.5 yearr of debt). The loyalty to FastHealth is increased and relationships are built through this credit extended. Some customers pay many months of previous debt and continue receiving new credit for the next year.
Small Hospitals Is A Challenging Environment
In previous years since company inception many hospitals that get in larger debt to the company have still been able to pay sizable portions of debt owed years or months later.
Three sizable debt customers Have Not Payed
Szable debt estimated owed. $160,000
Large Oranization Debt
District 3
University of Nebraska
Sloan Kettering
Small Hospital Debt Beyond Traditional Expectations
Campelton Gracevlile
$16,800
Chilton County
$9,900
Downey
$21,250
Hilll Hospital
$17,060
Jackson Med Center
$23,802
Knox County
17,201
Overton Pickett
$14,400
Patients Choice
$17,325
Porter Health
!8,275
Riverside
$15,750
Southern Inyo
$9,975
Hospitals Have Been Slower to Pay Their Debt Since About 2010 and have taken longer periods to pay their debt which has led to FastHealth writing off debt in 2013, 2012, and 2011.
