Millennium HealthCare Opens State of the Art Distribution Center to Support Rollout of Medical Device Business
GARDEN CITY, N.Y., May 7, 2014 /PRNewswire/ -- Millennium HealthCare Inc. (OTCBB: MHCC) today announced that it has opened a new state-of-the-art distribution facility in the Boynton Commerce Center in Boynton Beach, Florida. The new 30,000 plus square foot facility will manage inventory and distribution for Millennium's regional operations and house local management and training facilities.
Dominick Sartorio, Chief Executive Officer of Millennium stated, "We are very excited with the momentum of our medical device business. We recently announced signed contracts with US based healthcare organizations to place VasoScan, OralCDx and DermCDx tests in more than 1,000 locations. These agreements include an average monthly minimum use of 350 units per location, per device. The additional infrastructure provided by this facility will support our rollout, while maintaining the highest standard of regulatory compliance and enable us to provide seamless distribution and world class service to our customers."
Millennium's infrastructure is fully HIPPA Compliant. The Health Insurance Portability and Accountability Act (HIPAA) sets the standard for protecting sensitive patient data. HIPPA requires any company that stores protected health information to ensure that all of the required physical, network, and process security measures are in place and maintained. Millennium's Information Security Management System (ISMS) incorporates a combination of technical, administrative, and physical controls to safeguard personal information consistent with the industry standards and laws applicable to customers. Millennium has ensured that the requirements set forth by HIPAA, including those for encryption, password restrictions, and data storage have been implemented. Millennium's systems meet the standards for PCI DSS, ISO/IEC 27001, SSAE 16, SOX, HIPPA and GLBA. Customer data is protected with military-grade encryption and stored at world-class data centers.
About Millennium HealthCare Inc.
Millennium HealthCare Inc. through its wholly owned operating subsidiaries provides primary care physician practices, physician groups and healthcare facilities of all sizes with cutting edge medical devices focused primarily on preventive care through early detection. The Company also provides advanced billing and coding services and practice development and management services.
This press release contains certain statements that 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.