9.01.04 Volume 1 Edition 3 iMed eNewsletter

The voice for the medical software reseller community.

 Top Story:  To Lease or Not to Lease

For many resellers leasing and everything associated with it is a concept as difficult to comprehend as Shakespeare, "To Lease or Not to Lease?."  For others, leasing is already a natural part of their business.  I sat down with four experienced healthcare leasing experts in an effort to dissect the leasing industry and discover how resellers can use leasing to make more money and have more opportunities for their business.  More.

 Product Spotlight:  NexTrust eStatements
As I sat down for lunch with Blake Jensen and Tyler Walton, I immediately felt relaxed.  Here were two experienced businessmen who were down-to-earth and full of enthusiasm.  The conversation moved from the exceptional food at Cafe Rio, to the healthcare industry, and then to electronic statements.  I was reminded of the quote by Peter Drucker, a wealthy corporate consultant who once said, "Outsource anything that is not your core business.”   More.
 Quote-of-the-Month
"Doctors need help in adopting these technologies. They need help in picking the right systems, implementing them, and deriving value from them. There's a lot more the private sector can do to identify systems that may be a better bet for physicians—particularly those in small practices."

-- David J. Brailer, The National Health Information Technology Coordinator (8.20.04)

 About InvestMed

InvestMed President and Founder, Kevin Burdick, is in his 7th year in the medical software industry.  Mr. Burdick brings a unique perspective to resellers because of his industry knowledge and experience. 

After graduating from Brigham Young University in 1997, Kevin began working for Medisoft.  As the Medisoft Northwest Regional Sales Manager, he helped hundreds of resellers by counseling them on developing and growing their business in the Northwest.  After NDCHealth purchased Medisoft in 2000, Kevin Burdick was promoted to a mid-level sales manager, managing sales of both Medisoft and Lytec throughout the mid-west.  In 2001, Mr. Burdick left NDCHealth after accepting a job as Vice-President of Sales for AltaPoint Data Systems.  At AltaPoint he helped develop their unique reseller program and worked to expand their reseller coverage nationwide.  Following almost 2 1/2 successful years there where AltaPoint tripled its installation base and grew from 30 to 210 resellers nationwide, Mr. Burdick left to develop and manage InvestMed.

Mr. Burdick currently works as a medical software consultant working directly with both resellers and industry professionals on a variety of topics including: finding recurring revenue, developing a focused marketing plan, maintaining good salesmanship, building a lasting customer base, choosing the right products, understanding HIPAA, and more...

Kevin BurdickTo contact Kevin Burdick with questions, e-mail:  kburdick@investmedllc.com

 Refer a Friend

There are currently 848 industry professionals and medical software resellers who receive the InvestMed eNewsletter monthly.

Do you know a reseller that could benefit from this free eNewsletter?  Sign-up a friend by going to:  www.investmedllc.com

 
Q&A
 Q&A
Would you like to contribute an article to the newsletter?  Have a 3rd party product you'd like to promote to other resellers?  Do you have a unique topic you'd like to see more information on?  Feel free to forward any requests to:  articles@investmedllc.com

Also see FAQ's.

 HIPAA Corner

The Risk Analysis -- Cornerstone of Effective Computer Security

VARs who are tired of HIPAA should grab a Gatorade, because HIPAA is a marathon, not a sprint. With a compliance deadline of 4/20/2005, VARs need to prepare for the HIPAA Security rule. In fact, VARs have always provided security-related products and services – system backup tools, firewalls, virus protection, and more. More.

 Industry News
Recent News that Might Affect Your Business

8.26.04 - XP Tablet PC Edition 2005 Released

8.26.04 - South Georgia Hospital gets upgrade in technology

8.26.04 - Tablet PC looks like laptop but acts like notepad

8.25.04 - Email Privacy Protection Not Available Under Current US Law

8.24.04 - Feds Get First Privacy Conviction

8.23.04 - Medical Info Close At Hand

8.23.04 - Medical Records May Go Online

8.23.04 - Tablet PCs come of age

8.20.04 - EHRs: The Feds' big push

8.19.04 - Sprint Deploys Innovative Medical Wireless Solution for University of California - Davis

 Marketing Tip
An eNewsletter can be a great way to get information, training, and marketing materials to your existing client base.  If done properly, this can be a very effective and inexpensive marketing and communication tool. Have you created an eNewsletter for your clients?  If not, what are you waiting for?  After gathering your client's e-mail addresses, you can use your on-line newsletter to talk about new products and new upgrades to the software.  You can include a section of your newsletter to train on a unique feature found in your software package or to educate an office on HIPAA guidelines.  Regardless, the regular contact between you and your clients will be a welcomed reminder of the importance of your relationship.

With any good newsletter, the contents should be atleast 65% educational and only around 35% marketing.  If good information is not present, no one will want to read your newsletter and your marketing efforts will be in vain.

 

 Coming Soon!  Detailed Medical Software Comparison Matrix.  Coming Soon!

Stay tuned this fall for our new annual comparison matrix including many of the industries top medical packages.  If you would like to see the software you represent included in the comparison study, please e-mail: kburdick@investmed.com

 

You are receiving this announcement as a member of the medical software reseller community and industry. To unsubscribe, reply with "unsubscribe" in the subject line.

 

 

Copyright © InvestMed, LLC and its licensors.  All rights reserved.
 Images provided by www.plattphotography.com