MIT Holding has carefully established a
network of agents, facilitators and contractual obligations through which it
believes is the opportunity to greatly enhance the healthcare industry. The Los
Angeles-based company is a single-source provider for medical recovery
services, specifically for the fourth and fifth phases of medical recovery: the
dependent patient and recovery/rehabilitation stages.
Here’s how it works. An MIT
representative meets with the hospital discharge planner and patient on the day
of the patient’s discharge from the medical facility. This representative takes
full responsibility in arranging in home or local clinic appointments,
medication, medical equipment needs and insurance approvals for the patient,
enabling them to focus on the recovery at hand without additional stress. In
most cases, the products and services offered by MIT are already pre-approved
by the patient’s health insurance, which enables the company to directly bill
and receive payments from carriers on behalf of the patient as well as company
agents and facilitators.
The company’s current line of services
includes professional outpatient medical care such patient pharmaceuticals,
intravenous infusions, medical management services, and in-home or ambulatory
center therapies. In addition, durable medical equipment services (DME) enable
the company to offer for sale or rent, home medical equipment, from crutches to
hospital beds.
MIT also offers legal, accounting,
advisory and educational services to physicians, medical centers, hospitals,
small and large businesses regarding the Affordable Care Act; and travel and
transportation services of medically challenged patients for medical needs and
personal travel.
Need for these services arise from
pressure for doctors and hospitals to lower costs, which results in patients being
released from the hospital earlier to reduce the cost of care.
By offering a complete need-fulfillment
for the patient during their at home recovery period, MIT’s services assists
the patient through recovery, helps healthcare facilities lower their costs,
and creates opportunities to cross market its goods and services to enhance
revenues streams.
Following a successful reorganization
initiative launched at the start of last year, MIT is now positioned to achieve
32% minimum net profits and maintain profitability. This profitability
validates the company’s business model and its approach to the evolving health
services industry.
According to the latest figures from the
Centers for Disease Control (CDC), in 2013 more than 35 million patients were
discharged after a nearly five-day stay in a non-federal hospital. The same
year, outpatient services exceeded 100 million patients in non-federal
facilities. Based on these figures, MIT is tackling a market opportunity of
more than 135 million patients to which it can cross market its invaluable
products and services while working toward its broader mission to lead medical
and technological innovations to enhance the physical, emotional and aesthetic
quality of life.
For more information, visit
www.mitholdinginc.com
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