SYOSSET, N.Y., May 17, 2011 /PRNewswire/ -- Zen Holding Corp. (Symbol: ZNHL) today announced the signing of a Letter of Intent to purchase 100% of Millennium Healthcare Solutions Inc. and its accompanying subsidiaries and pending patent. Final agreements will be signed upon the completion of due diligence by all parties.
About: Millennium Healthcare Solutions Inc. and subsidiaries (www.millenniumhcs.com)
Millennium HealthCare Solutions Inc. is positioning itself to become a market leader in providing innovative coding & billing support & training; advanced communication services for the healthcare, trade and professional industries and advanced medical devices such as our patent pending " Twist A Way Retractable Safety Syringe."
Millennium Coding & Billing Specialists LLC
Millennium Coding & Billing Specialists LLC is built on the concept that "High-Quality Clinical Documentation is the Foundation of Every Health Record." The Company has aligned itself within the market and with its strategic partners and alliances to capitalize on the U.S. health care industry-wide change from ICD-9 to ICD-10 for medical diagnosis and inpatient procedure coding and from Version 4010/4010A1 to Version 5010 for electronic health care transactions which will become effective January 1, 2012. As a full resource company dedicated to the implementation of these changes and to the future of medical coding, medical billing, compliance and reimbursements, our goal is to provide and implement a relationship that will increase cash-flow, improve compliance and seek recovery of previously rejected claims while giving Management a concise, detailed and economically driven plan which we will execute together.
Millennium ProComm LLC
Millennium ProComm LLC provides personalized advanced communication services for the healthcare, trade and professional industries. The Management team has over 25 years of experience in developing the most effective and efficient methods for call processing, message management, reception services and emergency dispatching.
Millennium Medical Devices LLC
Millennium Medical Devices LLC researches, develops and markets medical devices, medical technology and medical supplies. The Company will be focusing on a specific range of medical devices and products that could have a substantial impact and benefit over existing alternatives based on technological advancement, price, safety and/or environmental implications. The criteria for our focus products are also based on high growth and high margin opportunities. Millennium Medical Devices LLC will distribute its proprietary products thru its own client network, company approved independent sales representatives and outside distribution channels. The company will initially focus on the domestic market but anticipates international distribution in the future.
The Company's directed focus is on recently enacted industry standards that will have a profound impact on how hospital's and other healthcare providers will conduct and be paid in the new era of medical practice reform. Specific efforts to advance standards for patient safety along with massive coding and billing changes will force the healthcare industry to adapt quickly or face the prospect of lower reimbursements, fines and cash flow shortfalls.
Our approach begins at the Executive Suite in assisting healthcare institutions in identifying and adapting to the sweeping changes that are affecting the entire industry. The need to manage compliance, cash flow and cost has never been more critical and the coordination of these functions can dramatically impact facility profitability and operation.
Millennium HealthCare Solutions Inc. was founded by a group of medical professionals, entrepreneurs and legal professionals to address the many new opportunities in the healthcare marketplace created by regulatory and legislative changes that will significantly impact how medical practices, hospitals and other healthcare providers will need to conduct their business over the next decade.
About Zen Holding Corp.
Zen Holding Corp. is a holding company that operates thru Greenleaf Management Corp., a wholly-owned subsidiary. Greenleaf Management Corp has been providing corporate strategy, operational analysis and advisory services to both public and private entities since 1999.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Certain written and oral statements made by us may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.
|SOURCE Zen Holding Corp.|
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