Ross Osborn's questions to PAVmed (PAVM) leadership • Q2 2025
Question
Ross Osborn from Cantor Fitzgerald asked for more details on the Hoag health system partnership, including patient profile and workflow integration, and inquired about the business model and margin contribution from such partnerships.
Answer
Chairman and CEO Lishan Aklog described the Hoag partnership as a comprehensive, multidisciplinary program to systematically identify at-risk patients across the health system, serving as a template for future collaborations. President & CFO Dennis McGrath detailed the financial model, explaining that the ~$2,000 test has a greater than 90% contribution margin, as variable costs are under $200 per test. He noted this high margin will allow the company to absorb fixed lab costs of $1.2M per quarter as volume scales, providing a clear path to profitability.