Anywhere MD, Inc. (anwm.pk)
Health Services
- Increased Adoption: Unlike many other industries, healthcare has been slow to adopt advanced IT strategies. Concerns over regulatory compliance, the integrity of medical records, and the dedication of resources to research are all possible reasons for this reluctance. However, the increased efficiency and improved care, as well as reduced costs, are prompting more and more healthcare providers to adopt EMR platforms. One recent industry publication estimated that roughly 25% of medical groups in the U.S. were either already using or in the process of implementing electronic health care record (EHR) systems, and another 32% had plans to do so in the next two years (Source: Health Affairs 2005). With 13 years of operations and more than 4,400 systems installed nationwide, Anywhere MD is well-positioned to take advantage of this quantum shift in medical record storage and management.
- Cost Reduction and Efficiency: The major driving forces behind increased adoption of EMR software usage are clear: reduced administration costs, greater efficiency, and above all, improved quality of care. The benefits are such that one health care publication concluded, "effective EMR implementation and networking could eventually save more than $81 billion annually - by improving health care efficiency and safety-and that HIT-enabled prevention and management of chronic disease could eventually double those savings while increasing health and other social benefits…" (Source: Health Affairs 2005). The additional mobility of the Anywhere MD platform make it especially attractive to health service providers that wish to enhance
- Positive Results, Positive Earnings: Anywhere MD is continuing to expand and grow, even as the market itself maintains a strong growth pace. The healthcare information technology market is currently worth approximately $30 Billion with an average growth rate of 9% per year (Source: Dorenfest & Associates). Combined with the strong industry performance, the Company's aggressive marketing efforts have driven growth, and referrals from existing customers are up more than 200% and rising. On the basis of such successful efforts, in May 2007 Anywhere MD announced positive earnings for Q1 2007. This is particularly significant in that given the average TTM P/E of 70:1 for companies engaged in healthcare IT, the recently-announced positive earnings of Anywhere MD would equate to an implied value of $1.40/share, more than 30 times the share price at the time of the release.
- Bottled-up Demand: Even with the increasing shift to convert medical records to electronic format, there is still a tremendous untapped demand. The specialized electronic medical records market niche is expected to reach approximately $1.4 Billion by 2008, an increase of 39.7% from 2003 levels (Source: Forrester Research). At the same time, due to the slow implementation among healthcare practitioners market penetration remains low, with only 5% of the approximately 450,000 physicians nationwide currently using an EMR system (Source: RL Johnson & Associates).
Company Contact Information
3528 El Camino Real
Atascadero, CA, 93422
USA
- Phone:805-460-1932
- Fax:n/a
- E-mail:info@anywheremd.com
On-line contact form
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