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Asap Medical Systems Asap Medical Systems Presentation Transcript

  • ASAP Medical Systems, Inc A.S.A.P. Medical Systems, Inc Proposal Confidential 11/9/2003
  • Proposal Outline
    • Preliminary Observations
    • Current Situation
    • Project Scope
    • Engagement Structure
    • Why an Outsourced Engagement?
    • Software Features
    • Management Team
    • Investment Requirements
    • Web Links and Contacts
  • Preliminary Observations
    • Industry Observations
      • The healthcare industry in general is undergoing significant changes due to the following:
        • Evolution of industry legal requirements (HIPPA)
        • Insurance companies’ thrust to increase profitability
        • Technological developments in the medical industry
        • Industry longevity based on population growth and consumer demand
      • Many medical practitioners and hospitals are extremely inefficient in the manner in which they deal with the following:
        • Accounts receivable
        • Billing functions
        • Insurance verification
        • Medical transcription
        • Data conversion and cross platform integration
  • Preliminary Observations
    • Industry Observations (cont’d)
      • The Administrative Simplification provisions of the Health Insurance Portability and Accountability Act of 1996 (HIPAA, Title II) require the Department of Health and Human Services to establish national standards for electronic health care transactions and national identifiers for providers, health plans, and employers.
      • Medical providers are currently using multiple programs for different functions in their practices to include patient scheduling, prescription writer, patient records storage including patient history and outcome.
    • ASAP Medical Observations
      • ASAP Medical Systems, Inc. is poised to provide a premier medical practice management solution that meets the industry’s need.
      • ASAP Medical Systems established customer base which makes ASAP particularly well-positioned to provide internet-based solutions to this industry.
      • ASAP Medical Systems has defined the solutions it will offer based on a prioritization of customer needs and a realistic assessment of budget constraints.
  • Current Situation
    • To this date, ASAP Medical Systems has achieved investment capital through personal and private investor resources. The funds have been utilized to reach the current stage of the project which include state and federal incorporation filings, maintaining current customer satisfaction, new product development consisting of the functional software specification and current on-line software build.
    • ASAP Medical Systems has also used funds to seek out the investment sum of 1.25 million dollars to bring the project to launch.
  • Project Scope
    • Initially, ASAP Medical Systems envisions two primary steps to this project:
      • Functional Design Document
    • The functional design document’s purpose is to illustrate in words and pictures the finished product of the application. It will organize the application features, functionality and business rules into a logical progression. ASAP Medical Systems will use this document as our blueprint to ensure its vision of the application is utilized. The software specification was completed in late 2002 .
      • System Design & Development
    • The system design and development will be based on the functional design document. When the functional design document is complete, the true scope of the application will be known and accurate milestones will be identified. Software development began in late 2002 – ASAP Medical currently has a viewable software framework online.
  • Project Scope
    • Preliminary thoughts about the scope of the project include the following:
      • The application will be web-based and owned by ASAP Medical Systems.
      • The application will seek to provide instant insurance verification for the medical provider.
      • User interface will display input forms that are consistent with insurance company and government approved claim forms for ease of use.
      • Patient information will be stored in a central database owned by ASAP Medical Systems.
      • The initial scope of information to be stored will be limited to the data needed for claims verification requests, but will be designed to be expanded.
      • Printable reports will be provided over the web.
  • Project Scope
    • Preliminary thoughts about the scope of the project include the following:
      • The application will be HIPPA compliant
      • Performance will scale to the lowest common denominator (28.8 modem and down-level browser types)
      • The website must provide 24 x 7 x 365 service
      • ASAP strives for telecom uptime standards at 99.999%
    • Beyond the scope of this project, ASAP Medical Systems wishes to engage in further software development with respect to expanding into more sophisticated medical related software models to fill the needs of the hospital and home health care markets.
  • Engagement Structure
    • ASAP proposed structure for its working relationship with Fox Industries:
      • Fox Industries is a Microsoft Certified Software Developer since 1991. Fox Industries has been an established development company in the Seattle, Washington area since 1978
      • Fox Industries will develop a functional design document with input from ASAP Medical Systems
      • The functional design document will define the scope of the services to be provided in the context of ASAP Medical Systems budget constraints
      • Fox Industries will be responsible for the successful implementation of the agreed upon plan presented in the functional design document
      • Fox Industries will consider converting its consulting relationship with ASAP Medical Systems to an employee/employer relationship once the application has been developed
  • Why an Outsourced Engagement?
    • The consulting agreement and functional design document will clearly define the IT objectives of ASAP Medical and assign responsibility for achievement of these objectives to Fox Industries
    • Outsourcing IT services will enable ASAP Medical Systems to better focus its efforts on generating sales and providing superior customer service, the ideal focus of our business
    • A consulting relationship with Fox Industries will enable ASAP Medical Systems to keep fixed overhead low, thereby reducing risk
    • A consulting relationship will provide ASAP Medical with the opportunity to observe the skills and work habits of Fox Industries without a long-term commitment, but with the potential for a long-term working relationship
  • Software Features
    • Microsoft’s Dot Net software developing environment gives us the ability to achieve features that traditional client based software can not.
    • Live interface with medical claims clearinghouse to achieve timely patient insurance verification.
    • Live interface with many major national pharmacies allows medical provider to utilize our electronic web based prescription writer.
    • Web interface for physician and patient scheduling module.
    • Outcome analysis and patient medical history can be transferred electronically and securely via the internet.
    • All of our software features are listed in our business plan and demonstrations are available upon request.
  • Management Team
    • James R Wasko
    • James Wasko is a cofounder of ASAP Medical Systems, LLC established in 1996 and later incorporated in June 2001. He was raised in Mesa, Arizona and graduated from Arizona State University with a Bachelor of Science degree in Electrical Engineering (BSEE). Mr. Wasko moved to Seattle Washington in 1990 and attended the ITT Technical Institute in the Electrical Engineering program. Mr. Wasko was employed as a senior engineer at Microsoft from 1993 to 1996 where he was part of the Windows technical support program. Mr. Wasko is a Microsoft Certified Systems Engineer (MCSE) and has drawn upon his previous experience in technical support and network administration to help develop the technical specification for ASAP Medical software. Mr. Wasko still lives in Washington State and maintains close ties to Microsoft. He continues to run daily operations of ASAP Medical and has been instrumental in developing the software specification and security requirements for the software.
  • Management Team
    • Liisa Pekonen
    • Liisa P. Pekonen is a cofounder of ASAP Medical Systems which was established as an LLC in 1996 and later incorporated in June 2001. She has 18 years experience in the medical industry as an administrator, billing agent, and clinic manager. She has also served in positions with health insurance companies including King County Medical Blue Shield, First Health, PacifiCare and Group Health Cooperative. Ms. Pekonen's multiple responsibilities included system and data conversions, account receivable collections, coding of hospital claims, and the processing of in-state and out-of-state claims. Ms. Pekonen continues to work business develop strategies and assists in research, office administration, and developing the software specification and training requirements.
  • Management Team
    • Meade Hallock; COO
    • Meade Hallock is a professor at West Hills College in California where he instructs courses in Business Administration, Business Communication, and Introduction to Business, Business Entrepreneurship, and Business Computers. Hallock has provided overall administration including long and short term planning, agency reconstructing, budgeting, and program planning at healthcare institutions. In June 2001, he began work as a self employed consultant to hospitals, agencies, clinics, and medical providers. Trouble-shooting management problems for health care providers and facilities, he has established himself as a turn-around expert among health care providers and facilities. Hallock will be responsible for consulting services and sales support on large ASAP Medical contracts.
  • Management Team
    • John Pekonen; CFO
    • John J. Pekonen is an established financial manager with experience in accounting, auditing, and financial consulting areas. He has managed numerous engagements for privately and publicly held companies in the forest products, banking, telecommunications, insurance and real estate industries. Client size ranged up to $325 million in sales and up to $400 million in assets. Mr. Pekonen is licensed as Certified Public Accountant in the State of Washington. He is a member of the American Institute of Certified Public Accountants. Mr. Pekonen holds a Bachelor of Arts in Business Administration degree and a Master of Business Administration degree from the University of Washington.
  • Investing Requirements
    • Details of our investment capital requirements and investor rate of return projections can be presented to you upon request.
    • Our business plan contains information about capital needed and our time schedule to launch.
    • Detailed financial reports can be obtained upon request
    • A copy of our business plan can be obtain via the information contained on the next screen
  • Website and Contact Information
    • ASAP Medical Systems, Inc Online business plan 2.38 meg file http:// www.asapmedical.com ASAP Medical Systems business plan
    • Seattle, Washington – 206-937-0998 Wenatchee, Washington – 509-667-1987