$MIHI 0.1 x 0.12 hit 0.18 today on big news here:
TeleLife Owns And Operates A Multi-Disciplinary Specialty Care Practice Formed For The Purpose Of Providing Telemedicine Services To Patients In Rural Underserved Areas; Company Subsidiary To Act As Its Management Service Organization (MSO) To Manage All Healthcare Operations.
Medina Innovation Holdings, Inc., which is changing its name to Medical Innovation Holdings, Inc. (MIHI) ("MIHI" or the "Company"
, today announced that its wholly owned subsidiary, 3PointCare, Inc. has entered into a Management Services Agreement to exclusively provide management services to TeleLife MD, Inc. The Company will be the exclusive provider to TeleLife. The agreement has an initial term of ten years together with certain renewal rights.
Previously, the Company announced that it had created a wholly owned subsidiary, 3PointCare to act as its management services organization (MSO) to manage all healthcare service operations of the Company. Now with this agreement, the Company has acquired the services of TeleLife MD, a multi-disciplinary specialty care practice formed for the purpose of providing telemedicine services to patients in rural underserved areas in various States.
The Company also licensed its cloud-based tele-health technology platform to TeleLife.
Under the agreement the Company will provide all technology, network services, implementation, support and training to TeleLife and its physicians to enable the use of the technology to its full capacity and engage in HIPAA compliant virtual patient encounters. The Company will maintain responsibility for all updates necessary to keep the technology efficient, secure and reliable. In addition to virtual connectivity, software will include centralized scheduling, electronic medical record (EMR) management, and practice management software (PMS) in addition to video network infrastructure support.
Additionally, the Company will provide core MSO services such as claims processing, billing and collection, physician services that include support and recruiting.
3PointCare offers unparalleled access to quality healthcare in real time, with centralized scheduling, credentialing support, 24/7 IT support, telemedicine video conferencing and much more.
Arturo "Jake" Sanchez, CEO and Director, stated: "This agreement with TeleLife provides us with a network of physician specialists that we can make available to rural practitioners and their patients. This enables rural patients and practitioners access to 16 types of physician specialists directly from inside the confines of the rural physicians' offices. At no cost to the practitioners (both rural and inside TeleLife) we also handle all administrative duties usually associated with the scheduling and billing for these services while creating additional revenues for these physicians without the traditional accompanying administrative or capital costs. Patients are real winners as well. They get access to high quality specialty care with the convenience of receiving services in their backyard with their doctor whom they know and trust. They no longer need to travel several miles to seek out these services."
Dr. Christopher JWB Leggett, the Company's Chief Medical Officer and CEO of TeleLife added: "The doctors at TeleLife immediately understood the value proposition the Company is offering. It allows TeleLife to immediately expand the size of our client base andour geographic footprint. The Company also assumes all the administrative support, staffing requirements, associated office functions, equipment & technical requirement and costs, including insurance for our doctors. It's a win-win for all parties."
TeleLife Owns And Operates A Multi-Disciplinary Specialty Care Practice Formed For The Purpose Of Providing Telemedicine Services To Patients In Rural Underserved Areas; Company Subsidiary To Act As Its Management Service Organization (MSO) To Manage All Healthcare Operations.
Medina Innovation Holdings, Inc., which is changing its name to Medical Innovation Holdings, Inc. (MIHI) ("MIHI" or the "Company"
, today announced that its wholly owned subsidiary, 3PointCare, Inc. has entered into a Management Services Agreement to exclusively provide management services to TeleLife MD, Inc. The Company will be the exclusive provider to TeleLife. The agreement has an initial term of ten years together with certain renewal rights. Previously, the Company announced that it had created a wholly owned subsidiary, 3PointCare to act as its management services organization (MSO) to manage all healthcare service operations of the Company. Now with this agreement, the Company has acquired the services of TeleLife MD, a multi-disciplinary specialty care practice formed for the purpose of providing telemedicine services to patients in rural underserved areas in various States.
The Company also licensed its cloud-based tele-health technology platform to TeleLife.
Under the agreement the Company will provide all technology, network services, implementation, support and training to TeleLife and its physicians to enable the use of the technology to its full capacity and engage in HIPAA compliant virtual patient encounters. The Company will maintain responsibility for all updates necessary to keep the technology efficient, secure and reliable. In addition to virtual connectivity, software will include centralized scheduling, electronic medical record (EMR) management, and practice management software (PMS) in addition to video network infrastructure support.
Additionally, the Company will provide core MSO services such as claims processing, billing and collection, physician services that include support and recruiting.
3PointCare offers unparalleled access to quality healthcare in real time, with centralized scheduling, credentialing support, 24/7 IT support, telemedicine video conferencing and much more.
Arturo "Jake" Sanchez, CEO and Director, stated: "This agreement with TeleLife provides us with a network of physician specialists that we can make available to rural practitioners and their patients. This enables rural patients and practitioners access to 16 types of physician specialists directly from inside the confines of the rural physicians' offices. At no cost to the practitioners (both rural and inside TeleLife) we also handle all administrative duties usually associated with the scheduling and billing for these services while creating additional revenues for these physicians without the traditional accompanying administrative or capital costs. Patients are real winners as well. They get access to high quality specialty care with the convenience of receiving services in their backyard with their doctor whom they know and trust. They no longer need to travel several miles to seek out these services."
Dr. Christopher JWB Leggett, the Company's Chief Medical Officer and CEO of TeleLife added: "The doctors at TeleLife immediately understood the value proposition the Company is offering. It allows TeleLife to immediately expand the size of our client base andour geographic footprint. The Company also assumes all the administrative support, staffing requirements, associated office functions, equipment & technical requirement and costs, including insurance for our doctors. It's a win-win for all parties."
