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Baroma, Inc. Obtains DTC Approval to Begin Electronic Trading - Baroma, Inc. announced that DTC approved electronic trading for the Company’s stock (OTCPink: BRMA) - BaromaHC.com
Baroma, Inc. Obtains DTC Approval to Begin Electronic Trading

 

PRZOOM - /newswire/ - Miami, FL, United States, 2013/05/02 - Baroma, Inc. announced that DTC approved electronic trading for the Company’s stock (OTCPink: BRMA) - BaromaHC.com.

   
 
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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 current expected population the projected shared savings with Medicare will be approximately $36 million. We project, from the trend of January and February reports, revenues of close to $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 indicates a population projected at over 10,000 Medicare fee-for-service beneficiaries. In Miami-Dade County, historically one of the nation’s most costly counties for Medicare, there is an enormous amount of savings possibilities. “Targeting waste, fraud and abuse is 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 has developed their ACO delivery model based on the best practices successfully implemented in managed care.

“Our goal is to use tools such as newly developed IT resources in accordance with more developed and coordinated practices implemented in the managed care world to drive innovation in healthcare delivery. Preventative medicine is at the forefront of our initiative to reach the three principle goals of the MSSP: better care for individuals, better health for populations, and slower growth in expenditures for Medicare.” Said Baroma CIO Ricardo Matos.

Forward-Looking Statements
Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The Company has no obligation to update these forward-looking statements.

 
 
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Baroma, Inc. Obtains DTC Approval to Begin Electronic Trading

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Contact: Rick Matos - BaromaHC.com 
888-315-4490 info[.]baromahc.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Baroma, Inc. securities in any jurisdiction including any other companies listed or named in this release.

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