Phoenix, AZ (PRWEB) May 22, 2012
Cloud Medical Doctor Software Corporation (Cloud-MDs) ( Pink Sheets: NSCT) , a leading provider of “Cloud Based” Practice Management (PMS) and Electronic Medical Record (EMR) software solutions for the healthcare industry announced today that it has signed a Letter of Intent to acquire Doctors Network of America in Flowood, Mississippi.
Doctors Network of America (DNA) is a leading provider of Physician billing and consulting services to healthcare providers in Mississippi. Doctors Network of America provides personalized medical billing services to fit your practice's specific needs and requirements.
Mr. Michael DeLaGarza, CEO of Cloud-MDs stated, "This move strengthens our position in the medical billing services vertical and adds to our portfolio of healthcare companies. We are very pleased to announce that Mrs. Marie Krooss who is President and CEO of DNA will continue in her current position after completion of acquisition of the company. Mrs. Marie Krooss, who has worked in the medical industry for over 30 years and has extensive contacts throughout the industry, will bring her experience and leadership to ensure that Cloud-MDs will continue to expand and become a major player in the medical billing space in addition William Krooss, MD will also bring his 35 years of Medical Experience to the company. Cloud-MDs will continue to look to acquire other companies that complement our business, help us grow, and offer our clients a comprehensive range of services."
Mrs. Marie Krooss, President of DNA stated, "My goal has always been to provide medical providers with the resources they need so that they can focus squarely on their patients instead of technology. Joining forces with Cloud-MDs allows us to aggressively grow the business and dramatically increase shareholder value. We have the ability to lower operating costs for both companies, and plan to market our combined products and services to both new and current customer bases."
For further information about DNA go to http://www.dna.gs.
Cloud-MDs is a “Cloud Based”, 5010 and ICD-10 compliant, medical software solution and service, designed by experienced healthcare programmers for healthcare providers, that produces “Actionable Information” to help Independent Physician Practices, New Care Delivery Models (ACO), Healthcare Systems and Billing Services optimize a wide range of business processes resulting in Increased Profits, Higher Quality, Greater Efficiency, Noticeable Cost Reductions and Better Patient Care. In this era of tighter controls on healthcare spending, continued downward pressure on reimbursements by insurance companies, the lack of reliable patient balance management and unsustainable cost levels, providers are looking for new ways to remain competitive. Cloud-MDs offers Providers the tools, organization and knowledge required to accomplish these critical items and still do what they love – practice medicine while simultaneously improving the health of their medical business. Major components of this ground breaking solution include Practice Management, Electronic Health Care Records, Revenue Management and a Business Intelligence (BI) Dash board.
For further information about Cloud Medical Doctor Software Corporation go to http://www.cloud-mds.com or mdlg(at)cloud-mds(dot)com.
Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Cloud Medical Doctor Software Corporation (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) sell its software; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at http://www.sec.gov under "Search for Company Filings."