(Dallas, TX. – October 28, 2011) StockGuru Shines its Spotlight on Medical Billing Assistance, Inc. (OTCBB: MDBL) through one of its wholly owned subsidiaries, FCID Medical, Inc. (FCID). Taking full advantage of positioning itself as a national leader in providing an innovative state-of-the-art approach to healthcare management, the Company announced yesterday the capital infusion of $2.5 million into First Choice Medical Group of Brevard, LLC (“FCMG”). The Company closed at $0.80 on October 27, 2011, trading in a fifty-two week range of $1.30 – 0.42.
“While MDBL is poised to purchase FCMG, in order to modernize the practice the amount of capital infusion supporting MDBL’s vision of creating a unique business and financial model is further solidified,” says Kris Jones, Vice President of Medical Operations.
In the final stages of due diligence, this capital infusion allows FCMG to parallel MDBL’s vision of becoming a modern state of the art facility, setting a new standard for healthcare going forward. The implementation of a fully functional and robust practice, combining practice management tools, electronic records, billing software and ancillary modalities including MRI, CT, X-Ray and EMG, allows FCMG to be positioned as MDBL’s corporate model.
In today’s volatile healthcare environment, the healthcare market remains a 100 billion dollar industry. MDBL remains committed to implementing its cost effective, unique business and financial model allowing MDBL’s shareholders to reap the benefits by pinpointing today’s necessities within acquired medical practices to re-create and re-innovate specialty groups to further position the success of the medical practices’ business operations.
MDBL’s commitment to success is driven by top management’s focus and dedication to the company’s unique business and financial model. “Capital infusions like this one are important to us as we continue to make ourselves the national leader in providing state-of-the-art healthcare management and facilities,” noted MDBL’s CEO, Chris Romandetti. “The monetary investment into FCMG is the first part of a necessary infrastructure required to prepare the company for the next steps in implementing MDBL’s unique business model,” Romandetti continued.
MDBL has focused its business plan on creating and incorporating state-of-the art technologies and efficiencies into inefficient medical practices by implementing MDBL’s unique business and financial model. MDBL’s newly focused plan, allows physician’s to practice medicine while MDBL takes care of the business. By acquiring medical practices, MDBL brings in expertise that allows the one-time inefficient medical practice, to become an efficient and streamlined medical practice, while many physicians’ are suffering in today’s healthcare environment, MDBL’s unique model allows physicians to benefit from ancillary services income they currently may not be entitled to. By doing so, MDBL creates a successful structure, reducing stress on the physician, while providing a more conducive environment towards a patient-centric orientation.
FCMG is a multi-specialty medical group located in Melbourne, Florida. Current specialties and focus within the group are Orthopedic, both operative and non-operative, Sports Medicine, Pain Management and Neurology.
SAFE HARBOR STATEMENT:
This press release contains statements which address such key issues as MDBL’s growth strategy, future financial results, market positions, product development, medical services and products in the pipeline, and product approvals. Such statements should be carefully considered, and it should be understood that many factors could cause forecasted and actual results to differ from these statements. These factors include, but are not limited to, price fluctuations, currency fluctuations, progress of technology development, clinical testing and regulatory approval, developments in raw material and personnel costs, pensions, physical and environmental risks, legal issues, and legislative, fiscal, and other regulatory measures. Stated competitive positions are based on management estimates supported by information provided by specialized external agencies.
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