why does this company even have its own board?

DS has been demoted big time. Really, really demoted. His duties are less than half of what he had before. It was about time.

 

This is still and always has been about reimbursement. Solve reimbursement, solve sales. Nothing else matters. There are no strategies to rely on in Sales that will change the situation. EGS is above the payer radar, as is crural closure. You are naive if you believe otherwise.

 

Too many people messed up EGS when most of you were still struggling at your last jobs. You probably mean well but it's too late (policies, pricing, studies, marketing). Time to stop being so optimistic and get on the monster board. CM is leaving for a reason. You actually don't think he would stir the pot and tell you do you? Ask MK how many shares have been given out and you will see where the future is for you

 

is this company gonna make it? heard that CM left before EGS closed shop. what is the word on the street?

 

Come on man! EGS has a future. EGS has money from investors. EGS has the unique ability to reshape its future today. The Key will be in leadership. Selecting the next VP of Sales will be critical. The next VP should be able to articulate a vision for the device that is both clinically sound and provide a clear pathway toward reimbursement. The last 2 VPs were ignorant to the complexity of the procedure and how to position EGS within the surgical community.

 

DS needs to go! They also need to do some house cleaning in Redmond starting with the Quality group which is made up of a series of unmotivated, less-than-energetic, dim wits...Sure they have experience, if by experience you mean they've been around forever, but that just translates into an inflated salary. These guys wouldn't know quality if it stared them in the face. The only decent guy of the bunch is JB, but he hired most of the half wits and has done nothing to get them in line or out the door. What a joke!

 

Wow! This is funny! Yah, our CEO just fired him too!
Bon voyage MF!

http://investing.businessweek.com/research/stocks/private/person.asp?personId=5015205&privcapId=5864448&previousCapId=18605&previousTitle=Advanced%20Technology%20Ventures

 

EGS was plagued with bad managers and still is-can only blame the last group for so long they're ruining the company on their own now.

 

When does the money run out? The current business plan is to gain reimbursement of a NOS procedure through validation of the procedure with only 1 double blinded study. It's naive believe that CMS and the AMA will help EGS gain positive reimbursement for a procedure that has not even been validated by Academic Reflux thought leaders. The AMA and CMS is fighting for larger reimbursement issues in this new "healthcare reform" age.

Anyone out there getting higher reimbursement or seeing an easier pathway for reimbursement using the unlisted code? Good luck EGS Mgmt.....

 

CMS has nothing to do with EGS getting a CPT code. This is through the AMA process which is shepherded by a relevant society. The fact is that gaining a Category I CPT code requires more that what this sinking ship is able to deliver. It more likely will get a Category III code which is defined as experimental for one year until a Cat I is issued. That will be the kiss of death for this stinking POS.

 

Does this company still have a sales force? I haven't seen a rep in almost a year...and I used to see him a lot...

 

Yea, they are busy processing returns.

 

Company is being shuttered by June 1. They've run out of money. Sad.

 

This is the absolute truth.

 

Head

 

Is this boat sinking?

 

Well, this obviously didn't happen. Any new prediction?

 

checking for a pulse... Anything going on here?

 

Yet he didn't and now he's gone. How long can this company keep running?

 

Is this place still going???