Elite Health Systems Inc.: insider trades · United States · SEC (Form 4)

About Elite Health Systems Inc.

Elite Health Systems Inc. (ticker: EHSI) is a United States-listed company traded on the NASDAQ/NYSE market, with headquarters in Ontario, California, United States. The company formerly operated under the name U.S. NeuroSurgical Holdings, Inc. before adopting its current name in 2024. Today, its strategic identity is centered on healthcare services and managed care, with a particular emphasis on developing and operating Medicare Advantage plans and related healthcare management solutions. For investors, this is best viewed as a small-cap healthcare transformation story rather than a mature, diversified insurer. The company’s history reflects a significant strategic pivot. Elite Health Systems previously had exposure to radiation treatment center operations, but those businesses were largely sold or wound down as management redirected resources toward managed healthcare. A key building block in that transition was Elite Health Plan, Inc., which the company says was formed in 2017 to develop Medicare Advantage plans for seniors in California. In 2021, Elite Health Systems acquired Elite Health Plan through its holding structure, and in 2023 it completed a share exchange that made the holding company a wholly owned subsidiary. This background matters because it shows a gradual move from legacy healthcare assets toward an insurance-like managed care model. Operationally, Elite Health Systems is focused on designing, marketing, and managing Medicare Advantage plans, which are privately administered plans under Medicare Part C. The company describes a model built around a localized provider network, including physicians, hospitals, and care facilities that are familiar with Medicare Advantage and the healthcare needs of seniors in the communities they serve. Its offering is therefore not limited to insurance administration; it also includes care coordination, provider engagement, and technology-enabled support for clinical, wellbeing, and safety solutions through a contracted digital platform partner. Geographically, California is the core launch market, with Nevada identified as a potential follow-on state. The most recent SEC filings indicate that Elite Health began operating a Medicare Advantage plan in selected California counties, including Los Angeles, Riverside, and San Bernardino, from January 2026. The company has also previously discussed Nevada as an expansion target, although California appears to be the primary operational priority at present. This regional concentration can be a strength, because it allows the company to build a local brand and streamline provider relationships, but it also creates execution risk if growth or regulatory approvals do not scale as planned. Competitive conditions are intense. Elite Health Systems competes across the broader health benefits and managed care landscape against startups, regional operators, and major national healthcare organizations. The company’s stated differentiation is its community-based model, simplified administrative processes, and reliance on local preferred providers rather than a broad, mass-market approach. Recent notable events include regulatory approval for its California Medicare Advantage activity, member onboarding, and the acquisition of Physician Support Systems Inc. mentioned in 2026 filings. At the same time, SEC disclosures show a history of losses and a going-concern focus, which underscores that the equity case remains early-stage and execution-dependent. In short, EHSI is a speculative U.S. healthcare platform with optionality tied to Medicare Advantage growth and disciplined regulatory execution.