EMRs are Mandated for 2014. The change is real and mandated.
Errors & Omissions Greatly Reduced
Reduction in Wrongful Giving of Medications
Solution - Government Mandate for EMRs & Utilizing Innovated technology
Liability Issues - Reduction in law suits, Medicare reimbursement reduction and possible loss of certification
Cost Benefits - SaaS (Software as a Service) payments (lower cost to the facilities), Reduces fines & penalties, fully integrated facility types (11 different facility types within one software program).
A Factor based on Support, Maintenance, Customization, Training
Monthly Estimated Payment Range: $600-$5,000/Mo.
Average Monthly Payment @ $3,000/Mo.
100 Fac./Mo. @12 Months = 3.6 Million/Yr.
1500 Fac./Mo. @12 Months = 54 Million/Yr.
OUT OF 70,000 FACILITIES
Scalability Scalability, is to define the specific requirements for scalability on dimensions which are deemed important. It is a highly significant issue in electronics systems, database, routers, and networking. A system whose performance improves after adding hardware, proportionally to the capacity added, is said to be a scalable system . An algorithm , design, networking protocol , program , or other system is said to scale if it is suitably efficient and practical when applied to large situations (e.g. a large input data set or large number of participating nodes in the case of a distributed system). If the design fails when the quantity increases then it does not scale . We meet all these definitions for our EMR software program. Page 12
Chad Godfrey – Advisory Board, Willow Creek Healthcare (Home Care Business) (Utah)
Mary Monroe , CMT – Advisory Board, PHR Specialist (Florida)
Positions to be filled - CEO, CFO, Sales People (4), HR, IT Person
Why this team will win – We are utilizing only experienced healthcare professional people from the Industry segments we are marketing to.
Page 13 Management
Page 14 Funds required & use of funds – 250K, Salaries, Shows, Programmers, equipment – next round $2,000,000 (6-12 mo.) Time & money Invested – 4 years development, over $1,000,000 invested Milestones for 250K: Funding & Milestones 1-3 months Marketing Materials 1-3 months Shows 3-6 months Beta Testing 3 months Finish Programming Time Line Milestones
Page 15 Exit Startegy How do investors make money - Debit/Equity, Loan interest , IPO, or Divesture (Acquisition) Example of successful exit - GE, Microsoft, IBM Google, One of our top 10 competitors Time frame for exit - 3-5 years within the mandated EMR time by the US government
Page 16 Summary The government has mandated EMR implementation for 2014 and has allocated 19.1 Billion dollars in grant money - The government has defined our market and are helping to fund it. We have identified the niche market that the big boys are not tarketing. We have a grant writing team in Washington that is writing a grant template for us that will allow both our business and to offer to our customers a potential means of funding for our software. A point of differentiation that our competitors are not offering at this time. Our SaaS model will generate revenue from each client on 3-5 year contracts. This will be a steady flow of revenue for the company. We are not just looking for money but expertise at many levels
Bottom Line! Times are a' changing This To This Page 17