RPHL has great news today. Those of you looking for a great long term investment with unbelievable potential must read this PR very closely. RPHL gets 25% of the billing cost for doing billings for Healthcare Companies. They are currently in negotiations with major corporations for billings in excess of $120 million. That would generate revenue in excess of $30 million for the company.
Also, RPHL will be in a Wall Street Journal article in the next 7-10 days. I talks about RPHL being the only publicly traded company that is doing what they are doing. They are saving insurance companies millions of dollars doing their billing for them.
Friday August 13, 10:47 am Eastern Time
Company Press Release
SOURCE: Rockport Healthcare Group, Inc.
Rockport Healthcare Group, Inc. to Acquire Elite Data Systems
(www.microcap1000.com/ceo/rphl-pro.html)
HOUSTON, Aug. 13 /PRNewswire/ -- Rockport Healthcare Group, Inc., (OTC Bulletin Board: RPHL - news; a fully reporting company) an integrated healthcare service
company, announced today that it has entered into an agreement to acquire Elite Data Services, Inc. of Dallas, Texas. Elite is a data processing company that utilizes state of the
art scanning and OCR capabilities to enter data into its proprietary claims re-pricing software system.
Harry Neer, Rockport CEO stated: ``The Elite acquisition will generate significant additional revenues for Rockport Healthcare Group, by enabling Rockport to grow faster and
more efficiently during the coming months and into the future. Elite will enable Rockport Healthcare Group, Inc. to dramatically increase its client base during the remainder of
this year and minimize the need for additional data entry and re-pricing personnel.'
Rockport has experienced dramatic growth during the past six months. RPHL operates provider networks in eight states with its clients base spending over $61,500,000 in
medical bills during the past year and covering over 278,500 employees. Rockport is in current negotiations with 10 new potential clients with paid medical bills of in excess of
$120,000,000.
Elite's data processing system is a proprietary system developed over the past seven years. The system keeps track of closed claims insuring that all bills are tracked for
payment. It also handles duplicates bills. If the system finds a duplicate bill, processed or unprocessed it can be sent to the client for proper handling. Further, the system also
tracks injury-related information to insure that all bills are related to a particular claim. Elite's re-pricing system also handles multiple states per client because the jurisdictions or
states are set up on the claim level, thus the system will pay in accordance to that jurisdiction as opposed to where the provider is located or where the client is located.
The Rockport Healthcare Group, Inc. family of companies includes Rockport Community Network, Inc., a managed care organization; Rockport Occupational Network, Inc.,
an Exclusive Provider Worker's Compensation Network; Rockport Preferred, Inc., Medical Access Savings Card Programs; Newton Healthcare Network, LLC, a Preferred
Provider Organization for individual and group health; and Rockport Group of Texas, Inc., a healthcare administrative company.
This press release contains forward-looking information. The forward- looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or
achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements.
Additional risks and uncertainties are described in the Company's public filings with the Securities and Exchange Commission.
www.rockporthealthcare.com
www.stockprofiles.com/rphl
FOR MORE INFORMATION PLEASE CONTACT: Larry Hinson
Rockport Healthcare Group, Inc.
Investor Relations
713-621-9424
SOURCE: Rockport Healthcare Group, Inc. |
