MIT Holding, Inc. (MITD) Reaps Strong Benefits from Corporat MIT Holding, Inc. (MITD) Reaps Strong Benefits from Corporate Reorganization Efforts
Since its establishment in 2006, MIT Holding has made major strides in expanding its healthcare service line. In addition to offering services to its patient base that includes home medical equipment, an ambulatory center and a compounding pharmacy, the company’s specialized educational programs have laid the foundation for more successful treatment throughout its operating region. Programs including healthcare professional training, clinician education programs, home infusion processes and emergency preparedness tips have allowed MITD to establish close relationships with healthcare providers and patients in the area, providing a significant foothold in a fragmented niche of the industry.
According to the company’s recent financial reports, its growth strategy is working. For full-year 2014, MITD achieved positive net income from operations of $14,152 compared to a loss of $1.12 million for the 12 months of 2013. MITD attributes the swing to its successful reorganization and renewed focus on its home health recovery business.
“Our in-home health recovery business, which facilitates and assists patients from the time of their release from a hospital through a full in-home recovery, is now in place,” Tommy Duncan, president of MITD, stated in the news release. “This was an area of significant focus in our restructuring efforts and which led to our financial turnaround in 2014. We look for continued growth in this business in 2015 and beyond.”
To satisfy the need for additional revenue streams moving forward, MITD has focused on the assembly of a strong portfolio of licenses, contracts, agreements and working arrangements designed to create a ‘one-stop-provider’ of services for patients in transition between inpatient and outpatient care. With the health care system continuing to push for quicker patient discharges, the company is strategically positioned to fill the gap in an environment that now places much of the responsibility throughout the recovery process on the shoulders of patients.
“Our goal is to ease this burden and create for patients a single source for all of their necessary medical products and services. We want to care for the patient for the rest of their lives, for any future medical needs” said Duncan.
As the company continues to make strides towards establishing itself as a leader in medical and technological innovations designed to enhance the quality of life of patients, look for continued growth in the rapidly changing medical industry.
According to a report from Health Affairs, unsustainable costs is forcing the U.S. healthcare system to transform into a more outpatient, community-based model. With this trend in mind, MITD is in a strong position to grow its influence for years to come.
For more information on MIT Holding, visit www.mitholdinginc.com
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