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Integrated Healthcare Systems, traded on the OTC Bulletin Board under the symbol IGHS, looks like a great value in the fast growing field of developing software for the healthcare industry. The undervalued stock seems to be picking up interest of late, bottoming near a dollar, and currently trading at 1.31 by 1.375. I currently have placed the stock on my watch list (have not purchased any of yet). I am now waiting to see if we'll get a slight pullback from current prices in the next couple of days. (We've had a decent pop in share price in the past few days, based on anticipation of news or promotional activity. . . I believe that the buying may have been premature, and may drift down slightly more before a permanent upswing begins). I've been told that we could be seeing some major news releases in the next couple of weeks, though I haven't yet confirmed this or their potential content. Hopefully I'll have some more information on towards next week. Here's a brief description of the company's business activities, taken from one of their recent press releases: "Integrated Healthcare Systems, Inc. designs, develops, markets and maintains integrated quality risk and case management systems for the healthcare industry. The DataQual Systems are helping hospitals all over the country build focused quality improvement and risk reduction programs by identifying inconsistent elements and trends, and in developing effective process improvement strategies. An integrated suite of independent systems and modules is available for Quality Management, Risk Management, Staff Credentialing, Case/Utilization Management and Infection Control. Integrated Healthcare Systems, Inc. is a publicly owned company that is traded on the OTC Bulletin Board under the symbol -- IGHS." For a better overview of the company, check their recent press releases, and visit their website at: www.integratedhealthcare.com It is a very nicely set-up website with plenty of information. Currently the company is not filing with the SEC, so financial information is hard to come by. . . in the next few days I may try to put in a call to the company, and then hopefully can report back to you. However, it looks like the company is serious about attaining a listing on a major exchange, and has been preparing audits of the past two years which should be available shortly. Here is another good source of info, a copy of the company's letter to shareholders dated February 3: "Dear Shareholder, Client or Prospect: Integrated Healthcare Systems, Inc. (OTC Bulletin Board: IGHS - news) is pleased to provide this company update to you. We have made remarkable progress in the last year as we focused our efforts on our highly accepted commercial DataQual(R) hospital quality and risk management system. Product Highlights: Our DataQual Product was successfully redeveloped into DataQual for Windows(TM), which positioned us to take full advantage of the burgeoning healthcare service marketplace. We believe this new release, with its emphasis on reducing healthcare costs by improving quality and reducing healthcare risk, bodes well for IHS's continued growth. -- Redeveloped the DataQual System into Microsoft Windows 95 that will run in either Microsoft or Novell network environments within hospitals. -- Installing the first Beta Site of this new DataQual for Windows(TM) product on Monday, February 9, 1998. -- Installing the Beta version of our new I-Linksm 32 Interface Engine linking DataQual for Windows to hospital information systems on Monday, February 9, 1998. -- Began development of both our new Case Management System and Healthcare Data Repository. Marketing Highlights: Long-term market strategy is to expand our products to serve healthcare networks of hospitals, physician practices, clinics and other healthcare providers. These healthcare networks will be searching for companies offering software for disease management, true patient centered ''managed care,'' case and outcomes management and other systems IHS is ideally positioned to provide using our DataQual for Windows data warehouse as the base. -- Established national marketing through independent Insurance agencies. -- Began marketing our new Risk Management System in conjunction with general liability and malpractice insurance to healthcare providers. -- Signed strategic alliance agreement with Insurance Information Exchange (iiX), a leading Insurance Industry Internet Service Provider to over 26,000 insurance agencies, to be our Risk Management System Internet and Intranet communication partner. Corporate Highlights: -- Signed a strategic advisory and corporate finance services agreement with Pennsylvania Merchant Group Ltd. to assist IHS in developing strategic plans and partnerships and other advisory and investment banking services. -- Finishing a $500,000 financing through a warrant offering with Frith Brothers Investments, Inc. -- Proceeded with a FY 1996 and 1997 audit with anticipated completion in the first quarter of 1998. -- During 1998, the Company anticipates becoming listed on a national or regional exchange. As we, at IHS, look forward into 1998 and beyond, we have never seen our prospects for growth and success look brighter. We have collected a stellar team of employees, dedicated and talented, who see our future as a company continuing to make a difference in healthcare. Should you have any comments or questions, please do not hesitate to contact me. Sincerely, Michael Black CEO and Chairman" So keep this company on your watchlist. Myself, I'll be looking for an entry point in the next week or so. Good luck. | ||||||||||||||
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