Since its establishment in 2006, MIT
Holding has made major strides in expanding its healthcare service line. In
addition to offering services to its patient base that includes home medical
equipment, an ambulatory center and a compounding pharmacy, the company’s
specialized educational programs have laid the foundation for more successful
treatment throughout its operating region. Programs including healthcare
professional training, clinician education programs, home infusion processes
and emergency preparedness tips have allowed MITD to establish close
relationships with healthcare providers and patients in the area, providing a
significant foothold in a fragmented niche of the industry.
According to the company’s recent
financial reports, its growth strategy is working. For full-year 2014, MITD
achieved positive net income from operations of $14,152 compared to a loss of
$1.12 million for the 12 months of 2013. MITD attributes the swing to its
successful reorganization and renewed focus on its home health recovery
business.
“Our in-home health recovery business,
which facilitates and assists patients from the time of their release from a
hospital through a full in-home recovery, is now in place,” Tommy Duncan,
president of MITD, stated in the news release. “This was an area of significant
focus in our restructuring efforts and which led to our financial turnaround in
2014. We look for continued growth in this business in 2015 and beyond.”
To satisfy the need for additional
revenue streams moving forward, MITD has focused on the assembly of a strong
portfolio of licenses, contracts, agreements and working arrangements designed
to create a ‘one-stop-provider’ of services for patients in transition between
inpatient and outpatient care. With the health care system continuing to push
for quicker patient discharges, the company is strategically positioned to fill
the gap in an environment that now places much of the responsibility throughout
the recovery process on the shoulders of patients.
“Our goal is to ease this burden and
create for patients a single source for all of their necessary medical products
and services. We want to care for the patient for the rest of their lives, for
any future medical needs” said Duncan.
As the company continues to make strides
towards establishing itself as a leader in medical and technological innovations
designed to enhance the quality of life of patients, look for continued growth
in the rapidly changing medical industry.
According to a report from Health
Affairs, unsustainable costs is forcing the U.S. healthcare system to transform
into a more outpatient, community-based model. With this trend in mind, MITD is
in a strong position to grow its influence for years to come.
For more information on MIT Holding,
visit www.mitholdinginc.com
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