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  "documentTitle": "TransMedics (TMDX)",
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  "presentationDate": "2025-01-10 00:00:00",
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  "notes": "The slide uses a Q&A format to directly contradict claims made by the TransMedics CEO regarding reimbursement pass-through.",
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      "text": "Because of the cost, people are going to start shifting gears, and they're going to be changing to a different pump because it's not sustainable for a transplant center.",
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      "text": "Profit per case drops by half; insufficient Medicare reimbursement and almost none for commercial",
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      "text": "Because of the cost, people are going to start shifting gears, and they're going to be changing to a different pump because it's not sustainable for a transplant center...",
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      "text": "“Because of the cost, people are going to start shifting gears, and they're going to be changing to a different pump because it's not sustainable for a transplant center, and I understand that TransMedics, they're going to tell you, this is going to be covered by Medicare and by private insurance and yadda, yadda. The reality is that this is going to drive the healthcare cost - you already know that the healthcare in America is destroyed - so this is going to kill the healthcare system.” — Transplant surgeon at Vanderbilt",
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      "text": "Source: Scorpion Capital consultation calls with experts",
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      "text": "A transplant surgeon at Vanderbilt, who plays a leadership role at their liver center - one of the busiest in the world - did a deep dive to explain reimbursement dynamics and why TransMedics nukes his margin by half per case",
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