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Company Contact Information Chas Scarantino, President William Pittman, Vice President w.pittman@magnushealthportal.com
919.424.4547 | Magnus Health PortalCould not generate link to image with ID: Magnus Health Portal has developed Msense™, a coordinated software platform that consolidates thousands of points of healthcare information. The Msense™ software package imports information from disparate medical information systems, Internet connected PC’s and paper records. These secure tools then search the records in a Google fashion, analyze them to provide current health status and active medical recommendations, and can generate real-time reports with the click of a button. Consumers and businesses both gain, while Magnus Health Portal generates multiple revenue streams from one proprietary software platform. The company launched its product in July and began generating revenues in August 2007. | |
CEO Photo and Interview
Could not generate link to image with ID: | Meet The Company
Our
competitive advantage originates with our platform which allows us to import
information from disparate medical systems, as well as Internet connected PC’s
and even paper records. We can then
search the records, analyze them to provide preventative medical recommendations, or distribute them with the click of a button. The beauty of our proprietary organizational
and analytical processes is that they require little to no user interaction. The platform is fully encapsulated and the
products are delivered within an Internet browser so when information is
viewed, analyzed, or distributed, no extra programs on the local PC have to be
executed. This allows users all over the
world running different systems to view and utilize the information. The various products can be categorized as
collection, analysis, and distribution. Capital
Investment Sought: To accelerate its growth path, Magnus Health Portal is actively seeking to complete its initial $1 million round of equity investment. Anticipating the conversion of $100K from its initial seed investors, the Company is now seeking an additional $900K of growth capital to expand its business and accelerate a successful exit.
Participation
Considerations:
Revenues – we began generating income in
August 2007. Our platform allows for a portfolio of revenue generating
opportunities. Milestones – raised $100K with the goal of completing phase I development; we are now well into phase II with same money. Scaleable – employee to customer ratio is very high.
Exit potential – ours is an acquisitions-rich market of emerging health information technology companies. IP – Patent pending
technology. Other – Management is focused on rapid
growth of the company and a successful exit for investors.
| Background At a time when information is
generated and processed at an astonishing pace, there is still no recognized
and comprehensive record of personal or corporate healthcare information.
Privacy laws, disparate technical interfaces, lack of ROI for hospitals and
physicians, and an increasing volume of paper records are all factors that
continue to compound the problem. Additionally, as healthcare costs rise at
rates three times higher than inflation, consumers are frustrated and employers
struggle to contain their costs. The opportunity now exists for Magnus Health
Portal (MHP) to establish a coordinated information technology platform that
targets the right driver, sells to the right payer and delivers real benefit to
both consumers and businesses. |
Management TeamChas Scarantino, President William Pittman, Vice President Erkang Zheng, Chief Technical Officer Advisory BoardCharles Scarantino M.D., Founder of Magnus Health Portal and Sicel Technologies (www.siceltech.com) Frank Mascia, Former CEO UnitedHealthcare Kathy Blum, SVP for Customer Operations - Mysis Healthcare | Company Information
Target Markets:
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