Market Watch for CardioNet, Inc. Issued by StockPreacher
April 08 2010 - 6:50AM
StockPreacher.com announces an investment report featuring
CardioNet, Inc. (Nasdaq:BEAT). The report includes financial,
comparative and investment analyses, and industry information you
need to know to make an educated investment decision.
The full report is available at:
http://www.stockpreacher.com/n/BEAT
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CardioNet, Inc. (BEAT), provides continuous, real-time
ambulatory outpatient management solutions for monitoring relevant
and timely clinical information regarding an individual's health.
The Company has developed an integrated patient monitoring platform
that incorporates a wireless data transmission network, internally
developed software, the U.S. Food and Drug Administration
(FDA)-cleared algorithms and medical devices, and an
around-the-clock digital monitoring service center. Its initial
efforts are focused on the diagnosis and monitoring of cardiac
arrhythmias, or heart rhythm disorders, through its core Mobile
Cardiac Outpatient Telemetry (MCOT), event monitoring and Holter
monitoring services.
Message Board Search for BEAT:
http://www.boardcentral.com/boards/BEAT
In the report, the analyst notes:
"Revenues for the fourth quarter of 2009 were $33.3 million
compared to $34.4 million in the fourth quarter of 2008, a decrease
of $1.1 million. For the fourth quarter 2009, the Company's payor
mix was 34% Medicare and 66% commercial. While the increased MCOTTM
patient volume drove additional revenue, it was offset by the full
quarter impact of the previously announced Medicare rate reduction
as well as lower commercial reimbursement.
"BEAT's service lines include Mobile Cardiac Outpatient
Telemetry™ (MCOT™), event monitoring and Holter monitoring
services."
To read the entire report visit:
http://www.stockpreacher.com/n/BEAT
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