PPJ Enterprise (PPJ) is announcing acquisition of a medical billing service in the Los Angeles, CA area.
Reno, Nevada (PRWEB) September 8, 2009 -- PPJ Enterprise (PPJ) (Pinksheets: PPJE: PK), a leader in proprietary automated healthcare multi-specialty provider reimbursement cycle technology and EHR development/information management digital system software for health care providers. PPJ is generating momentum for their strong comeback. The Company's short term strategic goal is to invest into a business that can sustain its everyday operational costs. So PPJ is developing alliances and making acquisitions/mergers in the medical billing service industry to eventually regain their position in the market.
The Company has purchased a small medical billing service as its subsidiary, Professional Billing Service (PBS) for $25K in deposit and 200mm Restricted Common Shares valued at .005. Currently, PBS, located in Los Angeles, California, has several clients including internal medicine group of 9 physicians. Their net income is currently approx. $12,500 per month; however, this will increase with the onset of future clients. "PPJ executives have 19 extensive years of professional experience in operating the medical billing service company and are recognized as pioneers in the industry. We were able to grow the former medical billing service business 100 to 500 times per year to $25,000,000 to $30,000,000 collections per year and we are counting on this venture having at least the same level of success as in the past. Our experience will exponentially increase the earning potential of PBS within the next year" noted Ms. Basu, our CEO.
As of September 1, 2009 PPJ established a local sales office in Upland, California; all PBS operations will continue in Los Angeles for the time being. A marketing team will also be established that will be dedicated to increase medical billing client base in the local area and nationwide. We have hired one marketing executive, Ms. Mitchell Powers. Ms. Powers has been affiliated with PPJ Enterprises in the past and has proven herself to be an aggressive and creative marketer.
As need arises PPJ Enterprises will further develop the marketing team to increase client base nationwide. PPJ will sponsor PBS to attend the American Society of Anesthesiologists yearly convention in New Orleans, October 17-21, 2009.
A stride in Health Information Management Technology has reduced the operational costs of medical billing and PPJ is confident that they can capitalize on these new opportunities by acquiring PBS. All records including physician service Super bills are scanned into the database to store healthcare records Electronic (EHR) which could be accessed by any healthcare professional as authorized from any where. EHR technology allows employees to manage higher collection volumes than before because of the elimination of time wasted on searching for paper files. This will save PBS on its operational costs in the form of labor, paper storage, shredding, postage, communications, and office space. With the onset of new medical billing clients, the increased expenditures on capital information system equipment, and the reduction in operation costs, PPJ Enterprises forecasts a net income potential of $200K for PBS in the first year. This forecast will change as we are able to bring in more medical billing clients.
PPJ Enterprise is currently trading under the symbol (PPJE:PK)
For more information please contact: PPJ Enterprise Management at (775) 348-5735, website: www.ppjenterprise.com, email: pm(at)ppjenterprise(dot)com
Forward Looking Statements
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release contains or may contain forward-looking statements such as statements regarding the Company's growth and profitability, growth strategy, liquidity and access to public markets, operating expense reduction, and trends in the industry in which the Company operates. The forward looking statements contained in this press release are also subject to other risk and uncertainties, including those more fully described in the Company's filings with the Securities and Exchange Commission. The Company assumes no obligation to update these forwarding looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect."
At the Company:
P. Madero, Investor Relations Consultant
(775) 348-5735, Fax (888) 213-5031
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