mhcc web business plan 12 20-2011
DESCRIPTION
Millennium HealthCare, Inc. provides physician practices and healthcare facilities of all sizes with practice development & management services utilizing our expertise to identify medical practice opportunities. Our services also assist in resolving operational cost inefficiencies and cash-flow enhancement strategies through our subsidiaries. This presentation is an overview of our business plan.TRANSCRIPT
**Business Plan Outline**
Web Presentation – Dec 20, 2011
Millennium Vascular Management
Group
Safe Harbor Statement Under the Private Securities Litigation Act of 1995
• With the exception of historical information, the matters discussed herein are forward-looking statements
that involve a number of risks and uncertainties. The actual future results of Millennium Healthcare,
Inc.(the “Company”) could differ significantly from those statements. Factors that could cause actual
results to differ materially include risks and uncertainties such as the inability to finance the company's
operations or expansion, inability to hire and retain qualified personnel, changes in the general economic
climate, including rising interest rate and unanticipated events such as terrorist activities.
• In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should,"
"expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of
such terms, or other comparable terminology. These statements are only predictions. Although we believe
that the expectations reflected in the forward-looking statements are reasonable, such statements should
not be regarded as a representation by the Company, or any other person, that such forward-looking
statements will be achieved, particularly if we have provided projected revenues or forecasts, which are
all simply estimates based on the opinions of management. We undertake no duty to update any of the
forward-looking statements, whether as a result of new information, future events or otherwise. In light of
the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For
further risk factors see the risk factors associated with our Company, please review our SEC filings
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Overview
• Alternative-reporting OTC Pink stock (Pink: MHCC)
• Current Market Capitalization: @$1.25 = $18,700,000
• Current Shares Outstanding: 14,960,000 a/o Sept 30, 2011
• Additional information may be found at www.millenniumhcs.com
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Corporate Services:
Millennium Vascular Management Group
• Management and/or licensing of ambulatory surgery centers with a specialty in Vascular &
Heart
Millennium Coding and Billing
• ICD-10 Migration which is mandatory by October, 2013
• Innovative and cost efficient coding, support and training
• State of the art billing process and cash-flow enhancements
Millennium Procom
• Reliable full service HIPAA Compliant call processing
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Corporate Strategy
• Our approach begins at the Executive Suite in assisting healthcare institutions and
physicians with revenue cycle management and regulatory compliance with the goals of
having a dramatic impact on the operations and profitability of our clients
• We are evaluating several platform & tuck-in acquisition opportunities to provide speed to
market, scale and revenue/cost synergy
• All of our products and services seek to address specific shortfalls within these facilities
that will immediately and positively impact the operation
• Our Management team is focused on allowing each business segment to grow independent
of each other while leveraging a natural synergy .
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FLOWCHART
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Practice
Management
Group
Millennium
Vascular Management
Group
Millennium Billing & CodingMillennium ProComm
Patient Flow
Physician Flow Hospital Flow
Mission Statement
Millennium Vascular Management Group’s mission is to
provide the highest quality Practice Management services to
assist physicians with their patient care in the diagnosis and
treatment of Peripheral Arterial Disease (PAD). Their
patients can expect skilled physicians, an experienced caring
staff and state of the art facilities. Millennium Vascular
Management Group operates with top tier physicians that
maintain the highest level of integrity .
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.
Millennium Vascular Management
Group
Vision
Our vision was to create a physician friendly business structure and
combine it with experienced dedicated health care professionals
relentlessly committed to their patients. Our Practice Management Group
supports & manages physician practices specializes in the diagnosis and
treatment of Peripheral Arterial Disease (PAD) of the lower extremities.
We partner with top rated physicians skilled in the practice of
Interventional Cardiology. Vascular Surgery and
Radiology.
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Millennium Vascular Management
Group
“About 10 million American adults have peripheral artery disease (PAD).
Although it was once believed that PAD occurs more often in men than women,
current research now indicates that both genders are equally susceptible.
African-Americans have twice the risk for PAD as Caucasians. Between 15 - 20%
of people over age 65 suffer from the condition.”
Anticipated Geographic Rollout 2012:
*(assumes $1 million capital raise)
1. Staten Island, New York 1/31/2012
2. Central New Jersey 3/31/2012
3. Southern New Jersey 3/31/2012
4. Florida 3/31/2012
5. Philadelphia, PA 7/1/2012
6. Atlanta 7/1/2012
7. Queens, New York 7/1/2012
8. Westchester, New York 7/1/2012
Procedural Focus:
- Lower Extremity Arterial Diagnosis
- Catheter Placement
- Catheter Removal
- Venous PTA / Stent
- Arterial PTA
- Arterial Stent Placement
- Atherectomy
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Millennium Vascular Management
Group
Business Development Strategy
• Identification of initial footprint with doctors & locations identified
• Current Marketplace ripe for expansion
• Multiple expansion of services opportunities identified – Radiology/Physical Therapy
• High Margin/Synergistic to our model
• Current Insurance reimbursement favorable versus Hospital alternative
• Significant Cash-Flow Opportunity
• Centers expected to use all of our other services
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Millennium Vascular Management
Group
LLC
LLC
Millennium Coding & Billing enables healthcare
practitioners & institutions to identify and adapt to
the sweeping changes impacting the industry in order
to improve their revenue cycle, regulatory
compliance, cost management and cash flow for
healthcare institutions including ambulatory surgery
centers, large hospital systems & physician private
practices.
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Mission Statement
Business Development Strategy
• U.S. Healthcare migrating from ICD-9 to ICD-10
• Targeting Large Healthcare Systems
• Leverage approved vendor status in Large Health Systems
• Generate for our customers a significant & immediate Cash-Flow impact
• Assembled one of the largest ICD-10 credentialed group of coders
• High Margin/Expandable Model/Nationwide Opportunity
• Addresses Immediate Market Need
• Talent/Knowledge Gap in Marketplace
Business Development Strategy
• U.S. Healthcare migrating from ICD-9 to ICD-10
• Targeting Large Healthcare Systems
• Leverage approved vendor status in Large Health Systems
• Generate for our customers a significant & immediate Cash-Flow impact
• Assembled one of the largest ICD-10 credentialed group of coders
• High Margin/Expandable Model/Nationwide Opportunity
• Addresses Immediate Market Need
• Talent/Knowledge Gap in Marketplace
RADICAL CHANGE AND
REFORM IS A REALITY
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Clinical Documentation Improvement Program Services (Coding)
• High Quality Clinical Documentation is the Foundation for every health record
• ICD-10 Code Management
• Concurrent and Retrospective CDI Reviews
• DRG Validation Services
• Secure Remote or On-Site Coding
• DRG Reassignment Appeals
• Physician / PA / NP Documentation Education
• Coding Staff Education
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Billing Services
• Billing and Collections
• Electronic Medical Records
• Equipment Management
• Financing Services
• Lock-box management
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Business Development Strategy
• Organic growth with imbedded sales force leveraging cross selling opportunities
• Consolidating small competitors
• Nationwide footprint
• High margin/variable labor cost
Business Development Strategy
• Organic growth with imbedded sales force leveraging cross selling opportunities
• Consolidating small competitors
• Nationwide footprint
• High margin/variable labor cost
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ProComm Services
• Reliable Live Answering 24 / 7 Full Service Call Processing
• State of the Art Operating System with Call overflow Management
• Emergency Message / Dispatch
• Confidential Call Recording
• Receptionist Services and/or Voice Mail Messages & Screening
• Archive Message Services
• HIPAA Compliance / Training
• Never Down Environment (24 Hours a Day, 365 Days a Year)
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Strategic Advantages Include:
• Executed initial corporate strategy with efficient use of capital.
• Regulatory disruptive driven market opportunity
• Significant Barriers to Entry in penetrate marketplace of AMSURG & large hospital systems
• All targeted business segments are high margin with low cost scalable model
• Seasoned Management Team with significant healthcare experience in these specific areas
• Public trading status improves acquisition capabilities
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MANAGEMENT TEAM
• Dominick Sartorio – CEO & Chairman of Millennium HealthCare Inc. served as Director of New Business for a Wall Street
management consulting firm, utilizing his expansive understanding of business strategy to spearhead the company’s continued
growth. As Director of New Business, he quickly employed his capabilities to the utmost degree, creating and implementing
initiatives for client companies’ worth up to $550 million in annual sales. Mr. Sartorio was placed as acting CEO of a global
technology firm, directing the research and development process, patent approval, product launch, and the negotiation of a 2-year,
$800 million sales agreement. Prior, Mr. Sartorio co-founded a highly successful manufacturing and distribution company
maintaining global reach in numerous industries such as medical, chemical and emerging technology markets. During his tenure, Mr.
Sartorio accomplished a great deal, vastly improving the profitability and cash flow of numerous holding companies and
implementing efficiencies, policies and procedures that had a global impact . Among Mr. Sartorio’s many achievements, the
development of the world’s largest synthetic vitamin B4 and antioxidant manufacturing facility is particularly of note. Under his
supervision and leadership, this facility produced in excess of 100 million pounds of product per year while remaining in compliance
with standards set forth by the Food and Drug Administration (FDA), the Environmental Protection Agency (EPA), the Occupational
Safety and Health Administration (OSHA) and the Drug Enforcement Agency (DEA).
• Chris Amandola – President & Director has more than 15 years of Professional Management, Senior Management and
Entrepreneurial experience in the Medical device arena. Chris has held positions at such high profiled Medical device Companies
like C.R. Bard Inc., Boston Scientific Corp. and Smith & Nephew Inc. Chris has experience and extensive knowledge in fields of
Peripheral Vascular, Coronary, Gastroenterology, Wound Care and Infection Control. Chris has worked closely and forged
relationships with key opinion leaders around the U.S. in each of these specialties. Mr. Amandola has provided strong executive
leadership including the management and direction of forecasting activities, budgeting, and successful market launch of new and
innovative products in the medical field. Chris has also negotiated and implemented key account contracts at many Major Health
Systems across the U.S. He has been responsible for managing the ongoing revenue and growth at all of these companies. Mr.
Amandola has excelled in organizing, training and executing sales distribution strategies for various medical products all within the
healthcare industry.
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MANAGEMENT TEAM
• Anthony Urbano - Chief Financial Officer, Secretary & Director has over 18 years of forensic and financial accounting, finance,
administration, operational, sales/marketing budgets and projections, advisory and managerial experience in entrepreneurial and
high-growth companies. His experience comes from a variety of industries including, manufacturing, distribution, small cap / start-
ups, financial markets and financial data reporting, automotive, technology and media / entertainment. Mr. Urbano has provided
strong executive leadership for companies including the management and direction of cash/profitability forecasting activities,
budgeting, implementation of financial reporting structures, financial analyses, evaluation and recommendations of company
information systems, sales and marketing initiatives, audit support, infrastructures, traditional and alternative financing,
information technology, cost and debt reduction initiatives, restructuring and strategic planning.
Mr. Urbano also has extensive experience in managing reporting, compliance and issue resolutions for government regulatory
bodies including departments of corporations, departments of labor, departments of taxation and most phases of SEC reporting
(pre-SOX), including 10-Q, 10-K, 8-K, delisting, relisting, commentary periods (textual and accounting), NASDAQ OTC and BB status
and inquiries/investigations. He also has executed the planning, design and implementation of complete human resource /
employee benefit and retirement initiatives, information technology infrastructures and corporate/commercial risk management.
• Richard DeMaio – Chief Information Officer is currently the President of Heartbeat Medical PC, an AMSURG-Cardiology Center and
Management Services Organization that provides a full suite of consulting services to private practices, AMSURG facilities and
hospitals. Heartbeat is a related subsidiary of Premier HealthCare Resources, one of the largest providers of cardiovascular services
in the New York area with over 30 locations under management. Mr. DeMaio has over 15 years of superior experience in the
healthcare industry, commanding senior level executive positions with Long Island Jewish Medical Center, Brookdale Hospital
Medical Center and Sonix Medical Resources. His experience comes from a variety of administration and operations management
including renovation and expansion of facilities, development and implementation of centers, Federal and State Departments of
Health and Public Council Compliance, development, implementation and seamless integration of new products/services and overall
effective and efficient medical and physician practice development and management.
• Ted Lagala – Senior Vice President is currently the Chief Executive Officer of Premier Technology Resources, a leading provider of
innovative medical billing and technology solutions in maximizing revenue and reducing overhead expenses for medical practices
and healthcare organizations. Mr. Lagala has over 25 years of senior level executive experience with a concentration of
accomplishments in information technology, infrastructures, operations and administration for the healthcare, services and retail
industries. His extensive management experience includes senior level executive positions with Brookdale Hospital Medical Center
and Sonix Medical Technologies. Mr. Lagala is an accomplished information technology and business executive with success in
software and platform development, network and infrastructure establishment, acquisition and transition leadership and all phases
of financial, billing and customer service/support related automation and information systems for the healthcare industry.
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ADVISORY BOARD MEMBERS
• Marc Sherman, MD FACC currently serves as the Medical Director of Heartbeat Medical PC and is also an active member with
Medical Health Associates of Bellerose, DOC Care, Midtown Internal Medicine, R and L Medical Associates and Total Medical PC. Dr.
Sherman also currently serves as attending staff/medical staff physician at NYU Hospital, St. Luke’s/Roosevelt Hospital and St John’s
Medical Center. Dr. Sherman is Board Certified from the American Board of Internal Medicine for Internal Medicine and
Cardiovascular Disease, and holds an active license to practice medicine in the State of New York.
• Elias Zias, MD currently serves as attending physician at St. John’s Medical Center, St. Joseph’s Medical Center, Community Hospital
at Dobbs Ferry, Hudson Valley Hospital Center and NY School of Medicine NYU Langone Medical Center. Dr. Zias also holds an
academic appointment as Clinical Associate Professor at the NYU School of Medicine, holds fellowships with the American College of
Cardiology and the American College of Surgeons and has been published numerous times. Dr. Zias is Board Certified from the
American Board of Surgery and the American Board of Thoracic Surgery, and holds an active license to practice medicine in the
States of New York, Connecticut and Illinois.
• Edward Joyce – Vice President of Sales and Marketing - has over 17 years experience in medical sales and medical sales
management. Edward has spent time with and has a long history of success with leading medical device manufacturers such as C.R.
Bard Inc., Edwards Life sciences and St. Jude Medical. His expertise includes but is not limited to managing as well as building
professional sales organizations. Throughout Edward’s tenure he has called on numerous areas of hospitals including Infection
Control, Housekeeping, Cardiology, Radiology, ICU’s as well as the Operating Room. In each of these departments Edward has built
tremendous relationships across the United States and brings with him a large network of KOL’s in each of these areas. Edward has
also successfully managed to launch a variety of new technology in each of the aforementioned hospital departments in which he
had a key role in both sales related and marketing related strategies.
• Mark Allen – Southeast Regional Director of Sales- Mr. Allen has close to 20 years of Medical device sales, sales management and
medical recruiting. Mark has held positions at some of the premiere medical device companies in the industry, Stryker, Inamed,
Abbot Vascular, to name a few. Mr. Allen’s comes to Millennium after being the Director of Business Development for Vascular
Access Centers (VAC). Mark developed relationships with the top physicians domestically in the fields of Interventional Cardiology,
Interventional Radiology and Vascular Surgery. He was instrumental in their recruitment, contractual obligation, ownership and
driving revenue. In the last 12 months he's been responsible for recruiting and signing 15 physicians to 6 new centers. This included
and not limited to the negotiating of real estate, employees, marketing, equipment, and all start up costs involved. Mark has
successfully negotiated contract with all the medical device manufactures and distributors associated with these centers.
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Company Counsel
Sichenzia Ross Friendman Ference LLP
Andrea Cataneo-Partner
212 398-3471
Company Auditors
KBL , LLP
Michael Pollack-Partner
212 785-9700
Investment Banker
Scarsdale Equities LLC
Marc Manuel
212 433-1375
Professional Support
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