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J.P. Morgan, the world famous banker at the American Bankers
Convention in 1903 was asked what was the secret of his success.
He replied "Opportunity passed me every single second of my life,
but I was perceptive enough to take advantage of these
opportunities."
The time is always now!
Visit http://www.webstocks2001.com for full details.
What is the single largest industry in the United States?
The answer is Healthcare. The Healthcare industry represents over
14% of our Gross Domestic Product and has over 700,000
physicians.
20% of this cost or $200 Billion is spent annually on healthcare
administration and continues to escalate. The system is
struggling to
keep up with claims processing using a disparate network of
thousands of insurance company payors processing on proprietary,
fragmented systems. The healthcare industry acutely needs a
change in its healthcare administration practices.
SIMS Communications, Inc. (Nasdaq: SIMSC) has solved that need.
Their MedCard System is the only one that processes 100%
paperless third-party insurance billings in the doctors office.
Using
a desktop terminal or a personal computer, the MedCard System is
a
technologically advanced medical benefits verification data
retrieval
and insurance claims billing system. The system has received
strong endorsements from the 5,000-member New York County
Medical Society representing physicians in Manhattan and the
1,600-member Suffolk County Medical Society. It provides
simplified
access to a patient's insurance plan information by the
healthcare
provider, streamlines front-office operations and reduces the
administrative costs of delivering healthcare. It eliminates most
errors in submitting claims, reducing the number of rejections
and
resubmittals that occur. And it expedites payment from the
insurance company. Claims typically are being paid in 7 to 21
days
instead of the industry average of 120 days. SIMS receives
revenues from the sale of the equipment, a license fee for their
software and residual income on each transaction processed, with
monthly guaranteed minimums.
SIMS is also a major player in another part of the healthcare
industry: home medical equipment products and services. By the
year 2020, there will be approximately 100 million Americans over
age 50. These people will be the potential home-care patients who
will need locally delivered Home Medical Equipment products and
services.
SIMS has entered into a strategic marketing partnership with the
Bergen
Brunswig Corporation (NYSE: BBC), a Fortune 200 Company with
annual revenues of $16 billion.
Bergen is selling SIMS' One Medical Service System to their
network of independent Good Neighbor Pharmacy(r) customers.
Using a customized, countertop display with a terminal and
telephone communications, the One Medical Service System utilizes
each independent pharmacy as a "gateway" to One Medical
Service's local network of healthcare service vendors. Since all
members of the network, including the pharmacy, are industry-
accredited, it is an extremely efficient organization for
obtaining
Home Medical Equipment managed-care contracts from medical
insurance
payors. For the first time, consumers can go to their local
neighborhood
pharmacy and obtain their prescriptions, softgoods, home medical
equipment and related healthcare services, such as oxygen supply
and wheelchair repairs, from a single source. SIMS obtains
revenues from over 15 profit streams and most of these are
immediately collected through electronic funds transfer (EFT).
SIMS is developing an electronic commerce Internet service also
whereby consumers will be able to order over 5,000 home medical
equipment products on the Internet.
In addition, SIMS has announced that it is launching a new
healthcare Internet "Portal" so that their web site will be the
Internet
gateway to other companies in the healthcare industry. SIMS plans
to become the dominant healthcare content provider on the
Internet.
Once again, visit http://www.webstocks2001.com for full details.
******** Disclaimer ********
This material is being provided by InterStock, Inc., an
electronic
newsletter paid by the issuer for publishing the information
contained in this report. SIMS Communications, Inc. has paid a
consideration of 100,000 section 144 restricted shares of common
stock of
SIMS Communications, Inc. to InterStock, Inc. as payment for the
publication of the information contained in this report. Because
InterStock,
Inc. is paid for its services, there is an inherent conflict of
interest
in InterStock, Inc.'s statements and opinions and such statements
and
opinions cannot be considered independent. The information
contained in this publication is for informational purposes only,
and
not to be construed as an offer to sell or solicitation of an
offer to
buy any security. InterStock, Inc. makes no representation or
warrant relating to the validity of the facts presented nor does
InterStock, Inc. represent or warrant that all material facts
necessary to make an investment decision are presented above. All
statements of opinions are those of InterStock, Inc. InterStock,
Inc.
relies exclusively on information gathered from public filings on
featured companies, as well as, in certain circumstances,
interviews
conducted by InterStock, Inc. of management of featured
companies. Investors should not rely solely on the information
contained in this publication. Rather, investors should use the
information contained in this publication as a starting point for
conducting additional research on the featured companies in order
to allow the investor to form his or her own opinion regarding
the
featured companies. Factual statements contained in this
publication
are made as of the date stated and they are subject to change
without notice. InterStock, Inc. is not a registered investment
adviser, broker or a dealer. Investment in the companies reviewed
is
speculative and extremely high-risk and may result in the loss of
some or all of any investment. Projections of future financial
results
are provided soley by SIMS Communications, Inc. No assurances are
given
that SIMS Communications, Inc. will achieve said projections.
This
publication contains forward-looking statements that are subject
to risk
and uncertainties that could cause results to differ materially
from
those set forth in the forward-looking statements. These
forward-looking
statements represent the judgment of SIMS Communications, Inc.
as of the date of this publication. The Company disclaims any
intent
or obligation to update these forward-looking statements.
