What is wrong with this company

Why has Aurora failed to be successful?

 

Because its a failure?

Love,

Jill

 

That is a short sweet and possibly the most accurate assesment to the company anyone could ever give.

 

This is the inside scoop! Its the senior management team not being able to lead they are a bunch of old timers that have ran out of gas. Then they have a nut running around bullying people and sticking his nose where it dosen't belong (Fred Ferrara).

 

LOL! very true. This joker has way too much power and influence....for who knows what reason. Has chosen garbage systems on top of his little man syndrome.

 

oor management = poor results. Enjoy

 

The good news is they overpaid for all of the labs they acquired, they have not been able to grow organically and now medicare whacks the TC on 88305 by 52%. How would you like to be the investor on this PIG lol

 

Can you be more specific on the labs that they overpaid (relative to other purchasers in the market)?

Which of the purchased labs failed to grow organically?

Their combined "operational cost" cost (cost of service +sg&a) is around 66% ( from latest 10Q). After the cut in 88305-tc (33% reduction in global reimbursement) is fully implemented by Medicare, and adopted by private payers, the Company should have only 1% in cash profit and a tons in paper loss.

Therefore, what would they do? Any thoughts? Cut in wages? (Their md wage is already low.) Cut in commissions? Cut in wages and options for management? I suspect end of a 25 year old bubble. I see either a huge belt tightening of demise of the company. If you can find other positions i think you should go for them.

In 2011 and 2012 the Company purchased 6 labs for well over 100 million. Since profit may go away, entirely or mostly, I would estimate a loss of 80 million from the purchase cost, unless there is an extreme cost reduction.

 

This company is in BIG trouble, I predict a great deal of pain

 

Can't spend a penny and expect full service. You only get HALF!

 

path solutions is the only way this place stays afloat

 

poor management
new sales
focused on profit not patients
little experience
unorganized

 

Truth will set you free:

http://www.whistleblowerlaws.com

 

This company was started as a get-rich-quick scheme for the founders and investors who wanted to buy a bunch of pathology groups and then have a quick IPO to cash out.
It was never meant to be a real operating company.

 

Bingo

 

They grossly overpaid for pathology groups with borrowed money ($300 million)
for which they now must pay $30+ million per year in interest on the backs of their pathologist employees.
A completely negligent and reckless strategy.

 

If Seacoast Pathology is a representative sample of how Aurora does business then that is why they failed. They took a highly effecient company with highly productive, professional employees that gave the clients what they needed. The company built personal relationships with their clients over many years. The cytology lab set the standard for the state and beyond. The company was extremely profitable and should not have ever been sold. They came in with sales people such as Jill and spent tons of money on them and other new employees without any return and neglected the people that actually did the lab work. Then with Jill's recomendation fired the guy that built it from a money loosing tiny lab that no one wanted to a company that was extremely profitable. They have destroyed the pathology service that the local area had and left the clinicians, hospitals and patients in that area with a low quality service. Had they stayed out of it that company would be still making a great deal of money. They are not lab people and do not know the first thing about medical labs and Jill is no better.
The guy,
Jim