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05/08/18
17:05
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Originally posted by msx
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Available via OM from Monday.
Podiatry service is very popular now due to aged population, as well as opportunity to use 5 visits per year fully covered by medicare via special GP referral, as well as wish of private insurance holders to have better value for money (so many ladies going to podiatrist for pedicure without nail polish , almost covered by health insurance, raise than going to salon and paying 30-50 dollars from own pocket).
" The group also owns iOrthotics, a manufacturer of custom-made and 3D printed foot orthotic devices" - despite that very high price ($300-650 per pair) orthotic is in high demand now , again due to aged population and health insurance coverage (including fact, that some practice now offering free pair of shoes, if you ordering orthotic from them-so it's attracting more clients who often looking more for shoes then for inserts ))) )
5 physio per year also covered by medicare via special GP referral, as well 10-20 visits per year covered as by health insurances with reasonable out of pocket. A lot of physio specialists working close with work cover and transport accident commission as well as with private disability insurances and new government disability schema- so providing service almost free for patients, but making good money, because they paid by insurances or /and by government.
So IMHO this IPO promoting very popular high demand services and I expecting that they will do a good money .
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I think you may need to further research the terms surrounding the Medicare funding for both physio and podiatry, and other competing allied health for thale same referral - especially consIdering Its only avaIlable vIa a GP referral for those that have a diagnosed chronic health condition. positive is the EPC referral program is heading for 12 visits per annum from 5 visits.
also consider why orthotics are not covered by PHI in the US and in that case would you pay $800 for a pair of insoles?