Millennium HealthCare Developing and Managing First Vascular Ambulatory Surgical Center
SYOSSET, N.Y., Nov. 11, 2011 /PRNewswire/ -- Millennium HealthCare Inc. (OTC Pink: MHCC) announced today that its wholly owned subsidiary, Millennium Vascular Management Group has executed a management & service agreement with a physicians group for the opening of their first Vascular AMB-SURG Center in the Greater New York area. This Vascular AMB-SURG Center plans to begin operations by the end of this year.
Millennium President Chris Amandola stated, "Millennium HealthCare's core business goal is to provide the most efficient Healthcare Practice Management Solutions in the industry. We are excited to have identified an area of opportunity to manage and develop the physicians' practices in the Greater New York market that perform out-patient procedures on patients suffering from Peripheral Vascular Disorders. We see this as a great first step as we look to expand in the future. Millennium is pursuing high growth areas within the industry that offer attractive alternatives to specialized doctors within certain geographical parameters."
Mr. Amandola also added, "Our combined expertise in practice management, coding, billing and multiple levels of hospital management have positioned our company to service and support most practice management functions."
About Millennium HealthCare Inc.
Millennium HealthCare Inc. provides physician practices and healthcare facilities of all sizes with the information and tools to identify and resolve operational cost inefficiencies, practice development & management services along with cash-flow enhancement strategies through our subsidiaries listed below:
Millennium Vascular Management Group offers physician practice development and management services to AMB-SURG facilities & physician practices with a focus on vascular disorders.
Millennium Coding & Billing Inc. offers all aspects of medical billing along with medical diagnosis and procedure coding and training for ICD-10. Our Clinical Documentation Improvement Program Services include concurrent and retrospective CDI Reviews, DRG Validation Services and secure remote and on-site coding.
Millennium ProComm Solutions Inc. provides 24 hour/365 day HIPAA compliant full service call processing for physicians, hospitals, home care agencies, nursing homes and other service companies and professionals.
Millennium Medical Devices LLC researches, develops and seeks patents for innovative safety medical devices and equipment.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Certain written and oral statements made by us may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.
SOURCE Millennium HealthCare Inc.
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