MIT Holding specializes in providing value-based healthcare
options anchored by a commitment to strong customer service, excellent quality
of care and improved quality of life for patients. In particular, the company
is a trusted provider of home-based infusion services, enabling access to an
expansive medical market. According to a report by Harris Williams & Co.,
the United States home infusion market is currently valued at $15.9 billion and
is expected to grow to $26.7 billion within the next five years. This market
growth is projected to come as payers continue to recognize the significant
financial benefits of performing infusion services in the home, which can
provide as much as 90 percent savings over those performed in a hospital
setting.
“Our in-home health recovery business, which facilitates and
assists patients from the time of their release from a hospital through to a
full in-home recovery, is now in place,” Tommy Duncan, president of MITD,
stated in a news release. “Our target audience is focused on those needing
infusion for recovery.”
Currently, a large population of the potential home infusion
market is being forced to visit hospitals in order to receive vital care. This
is because of outdated Medicare guidelines that block payment for infusion drug
patients that are treated at home. As a result, some patients are forced to
endure daily hospital visits, costing the government an extra $585 million,
according to the Department of Health and Human Services. However, these issues
could be nearing a resolution.
In January, the Obama Administration announced plans to
transition more than $100 billion in annual Medicare costs into value-based
contracts designed to curb spending growth without reducing quality of care.
This plan could be great news for MITD, as the company continues to realize
strong market growth within the national healthcare industry. In 2014, MITD
demonstrated its growth potential as it recorded an increase of more than $1.1
million in net income from operations.
As the national healthcare industry continues its shift
toward value-based care, MITD is in a strong strategic position to promote
sustainable growth moving forward. For prospective shareholders, the company’s
proven home care services could provide a platform for favorable returns in the
months to come.
For more information on MIT Holding, visit
www.mitholdinginc.com
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