TheRealMargin
Public audit ledger — Rev. 2026

Practitioner brief

Walk into your next renewal with the receipts.

When a health system or insurer claims AI or efficiency savings during a renewal negotiation, you can check that claim against its public filings before agreeing to a rate.

What you get

  1. 01

    Pass-Through Score

    A score for any public company you’re negotiating with, built from its own filings — not its marketing deck.

  2. 02

    The specific gap

    The difference between what they claimed on the call and what the filing actually shows, in plain numbers.

  3. 03

    Citable sources

    Filing references you can cite directly in the room — no paraphrase, no hearsay.

A sample scorecard

Illustrative — not live data

UnitedHealth Group

NYSE: UNH

Gap Flagged
Net margin YoY6.0% (+1.2 pt YoY)
Exec pay change$23.5M (+8% YoY)
Stock buybacks$8.0B (FY2024)

Margin widened while buybacks grew — a gap you can cite in the room.

SOURCE: SEC EDGAR — LIVE

Sector overview

A high-level read across all fourteen tracked companies, pulled from the same live SEC filings that feed each scorecard.

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