ScripsAmerica Implements Operational Improvements
Post# of 7769
Posted On: 04/20/2015 8:32:52 AM
ScripsAmerica Implements Operational Improvements to Improve Efficiencies, Increase Margins
ScripsAmerica Implements Operational Improvements to Improve Efficiencies, Increase Margins
Patient Billing Services Brought In-House
Marketing Expenses Significantly Slashed Through Organizational and Structural Realignment
TYSONS CORNER, Va., April 20, 2015 (GLOBE NEWSWIRE) -- ScripsAmerica, Inc. (OTCBB:SCRC), a leading provider of a range of specialty prescription and over the counter pharmaceuticals and medical supplies, today announced that recently implemented operational improvements have resulted in immediate operating efficiencies and increased margins.
Mr. Robert Schneiderman, Chief Executive Officer and Co-Founder, said, "While our organizational structure enabled us to grow from $600,000 to more than $30 million in revenue in just one year's time, it is clear we are now in a better position to leverage our size and scale. Consequently, we recently terminated our relationship with an outside medical billing agency, hired experienced billing professionals, and established our own billing capability. Because of the strength of the platform we have established, we can now expect to achieve efficiencies that will drive down marketing expenses as a proportion of sales. These are just a few of the most significant and obvious changes that will contribute to an increase in operating margins. The implementation of these actions will not only reduce expenses, but should improve efficiencies throughout the organization, freeing additional resources that can be dedicated to further expanding our sales efforts, as well as invest in marketing and new product and business development efforts, which should have a beneficial effect on the top line."
About ScripsAmerica, Inc.
ScripsAmerica, Inc. is a supplier of prescription, OTC and nutraceutical drugs, delivering pharmaceutical products to a wide range of end users across the health care industry. End users include retail pharmacies, hospitals, long-term care facilities and government and home care agencies. For more information, visit www.ScripsAmerica.com.
CONTACT: Joe Hassett
Gregory FCA
610-228-2110
joeh@gregoryfca.com
(MORE TO FOLLOW) Dow Jones Newswires
April 20, 2015 08:30 ET (12:30 GMT)
ScripsAmerica Implements Operational Improvements to Improve Efficiencies, Increase Margins
Patient Billing Services Brought In-House
Marketing Expenses Significantly Slashed Through Organizational and Structural Realignment
TYSONS CORNER, Va., April 20, 2015 (GLOBE NEWSWIRE) -- ScripsAmerica, Inc. (OTCBB:SCRC), a leading provider of a range of specialty prescription and over the counter pharmaceuticals and medical supplies, today announced that recently implemented operational improvements have resulted in immediate operating efficiencies and increased margins.
Mr. Robert Schneiderman, Chief Executive Officer and Co-Founder, said, "While our organizational structure enabled us to grow from $600,000 to more than $30 million in revenue in just one year's time, it is clear we are now in a better position to leverage our size and scale. Consequently, we recently terminated our relationship with an outside medical billing agency, hired experienced billing professionals, and established our own billing capability. Because of the strength of the platform we have established, we can now expect to achieve efficiencies that will drive down marketing expenses as a proportion of sales. These are just a few of the most significant and obvious changes that will contribute to an increase in operating margins. The implementation of these actions will not only reduce expenses, but should improve efficiencies throughout the organization, freeing additional resources that can be dedicated to further expanding our sales efforts, as well as invest in marketing and new product and business development efforts, which should have a beneficial effect on the top line."
About ScripsAmerica, Inc.
ScripsAmerica, Inc. is a supplier of prescription, OTC and nutraceutical drugs, delivering pharmaceutical products to a wide range of end users across the health care industry. End users include retail pharmacies, hospitals, long-term care facilities and government and home care agencies. For more information, visit www.ScripsAmerica.com.
CONTACT: Joe Hassett
Gregory FCA
610-228-2110
joeh@gregoryfca.com
(MORE TO FOLLOW) Dow Jones Newswires
April 20, 2015 08:30 ET (12:30 GMT)
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