This
month contains an especially significant milestone for InvestMed
as we hit our 2-Year Anniversary as a company!! We are pleased
to offer you a glimpse into portions of our business plan as we
have finally moved past Phase 1 of our company's goals and are
working towards completing Phase 2 and beyond.
We began InvestMed in May of 2004 with the knowledge that the
healthcare software industry has been an industry that has
enjoyed sustained growth over the last 15 years. With a low
overhead and substantial profit margin, a well-designed,
well-marketed medical software company can experience fast
growth with a high return on investment. Healthcare, in general,
is mostly unfazed by what the market as a whole has done.
1.0 Objectives
InvestMed’s objectives for the first three years
of operation include -
Phase I (completed): In the year of operation, we will create a
Patient Kiosk new patient demographics package that interfaces
with AltaPoint, Lytec, and Medisoft. This package will also
have web and digital signature pad capabilities. This can be
sold immediately through the AltaPoint, Lytec, and Medisoft
resellers. Additionally, a 6000+-subscriber eNewsletter will
generate advertising revenues from software and other
manufacturers in the medical community.
Phases II and III: Version 2/3 of Patient Kiosk will be released
incorporating requested features and enhanced interface. Our
patent application, currently in pending status with US Patent
Office, will be finalized. Version 4 of Patient Kiosk will
incorporate appointment scheduling and request capabilities.
2.0
Company Summary
Kevin Burdick, Founder and Owner. Mr. Burdick has a
Bachelors of Science Degree from Brigham Young University and
has worked as a middle sales manager at NDCHealth,
Vice-President of Sales at AltaPoint Data Systems, and National
Sales Director at AdvancedMD. Mr. Burdick has been in this
industry for nearly nine (9) years, and spent the last year as
National Sales Director for AdvancedMD where he has helped their
reseller network grow from zero to 80 resellers nationwide in
just 12 months. While VP of Sales at AltaPoint, he helped
triple their installation base and increase their sales
dramatically. Mr. Burdick has a reputation in the medical
industry for creating sales programs and strategies that are
extremely lucrative to the companies and departments he has
managed.
Bruce Bogdan, VP Development and Support. Bruce has been
involved in software engineering since 1989. He has worked for
such organizations as Optical Data Systems in Calgary, Alberta;
WordPerfect Corporation in Orem, Utah; Microlink Networks of
Salt Lake City, Utah, and Unishippers of Salt Lake City. Bruce
has studied engineering and computer science at BYU and
University of Utah, and has also taught programming and network
engineering at a technical college in Alberta.
Greg Johnson, VP Marketing and Sales. Mr. Johnson, also a
Brigham Young University graduate, has been instrumental in
growing revenues at companies such as WordPerfect Corp., Novell
Inc., and Software Spectrum. He built and sold a training and
development company, and increased revenues by over a million in
one year at a national franchise corporation.
Allison Petersen, VP Operations/Finance. Mrs. Petersen
has excelled at managing Operations and HR for the following
organizations: Aspen Motors, L. Roberts Attorney at Law and
the Dempsey Burdick Memorial Foundation; just to name a few,
as well as her rambunctious twin boys. Allison is a
detail-oriented, hard-working, capable manager who brings her
own unique talents to that role.
2.1 Company Ownership
InvestMed, L.L.C. is a privately held Utah Limited Liability
Company. Kevin Burdick, the founder of InvestMed, L.L.C. is the
majority owner. Bruce Bogdan and other investors hold minority
stock positions as private investors.
2.2
Company Products
Patient Kiosk allows clinic patients to enter billing and
medical history information both over the web and at the clinic.
InvestMed Monthly eNewsletter is a monthly publication emailed
to over 6,000 industry resellers. This publication provides
growing advertising revenue.
3.0
Products
During Phase I (completed): InvestMed will provide the Patient
Kiosk software with Topaz Digital Signature Pad interface and
X-Link EMR software package interface. This product is currently
shipping.
During Phase II and III we will continue to enhance this
product, adding requested features and functionality.
3.1 Product Description
InvestMed Patient Kiosk is software which operates in both a
kiosk (computer station) in the healthcare clinic and also over
the web. The purpose of this software is to fill in a missing
link – that of gathering patient information for import into the
clinic Practice Management System (PMS) and Electronic Medical
Records (EMR) package.
The InvestMed Monthly eNewsletter is a simple yet effective
mechanism to provide valuable information as well as advertising
to the medical reseller community.
4.0 Strategic Alliances
InvestMed already has strategic alliances in place. These
alliances include the personal relationships of Kevin Burdick
with nearly 400 independent medical software resellers
nationwide as well as companies such as X-Link and Topaz.
Because we use an open database, InvestMed encourages 3rd
party development in our software as well as private label
opportunities.
-- Kevin Burdick,
InvestMedLLC.com
July 2006, TOP STORY: MGMA-zing!
April 2006, TOP STORY: EMR
or EHR - Which is it?
