WESTON, Fla., April 28, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Uniphyd Corporation (Pink Sheets:UPHD), Conolog Corporation (Nasdaq:CNLG), Immucor Inc. (Nasdaq:BLUD) and Inspire Pharmaceuticals (Nasdaq:ISPH).
Aggressive investors and traders will want to watch Uniphyd Corporation (Pink Sheets:UPHD) this morning! Yesterday after the markets closed, the company issued a press release announcing it has reached a definitive agreement for the introduction of its first Medicare managed care plan in Florida!
This could be great news for investors! According to the press release, the health plan, with an established provider network, is located in a Florida county with nearly 90,000 total Medicare beneficiaries, of whom more than 25,000 are currently enrolled in Medicare managed care programs, now called Medicare Advantage plans. The health plan consists of 140+ physicians who currently treat 6,000 active Medicare Advantage patients. The average Medicare Advantage payment rate in Florida is $650 per member, per month.
Over the last 12 months, the plan has secured agreements with primary care and specialist physicians, hospitals and ancillary service providers. Uniphyd is currently negotiating the specific financing necessary to launch the health plan.
"This is an important step for Uniphyd as our unique physician-owned health plans will remove the wedge that has been driven between physicians and their patients by traditional HMO's," said Robert L. Trinka, Uniphyd's chairman and chief executive officer.
Keep your eyes on this company! Currently, there are 40 million Medicare beneficiaries in the United States, with about 11% enrolled in managed care plans. The Bush administration predicts the new Medicare law will encourage 35% of beneficiaries to enroll in private Medicare managed care plans by 2007.
The stock closed yesterday at seventy-five cents a share.
In case you are not familiar with the company: Headquartered in Miami, Uniphyd is currently developing Medicare managed care plans in Florida and throughout the United States. The company develops and operates Medicare managed care plans that are predominantly owned and governed by physicians. With its turn-key approach, the company provides physicians with access to capital, risk-management expertise, infrastructure, information systems and other management resources for the formation and operation of Uniphyd Local Health Plans.
Stocks showing interesting activity yesterday were: Conolog Corporation (Nasdaq:CNLG) up 34% on 6.3 million shares traded, Immucor Inc. (Nasdaq:BLUD) up 19.1% on 3.9 million shares traded and Inspire Pharmaceuticals (Nasdaq:ISPH) up 18.3% on 2.8 million shares traded.
Commentary:
"According to the National Association of Realtors, existing home sales jumped 5.7 percent in March, or an annual rate of 6.8 million units. That is up from a revised 6.13 million units in February. After Chairman Greenspan's comments last week regarding interest rates, it seems that home sales, still affordable with mortgages at a 40-year low, are still very active. This was the second highest level on record in sales," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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