MAKING A DIFFERENCE IN HEALTHCARE

Editors Note:

We’ve all been bored to tears by the venerable adage, “Nothing’s certain except death and taxes” but somewhere between the paradigm of monetary and mortality lies other inevitable considerations such as the need for health care.

Factor in the aging juggernaut of baby boomers and one can understand the present malaise of delays, rising costs and haphazard care plaguing aspects of the health care industry. At base, they are simply overwhelmed and it is the singular patient who must suffer while they suffer.

But what if some of this could be assuaged via private entities eager to provide services that the traditional health care industry can’t or won’t? What if a concept, tested successfully in the complicated boroughs of New York, could be parlayed as an alleviating solution to some of the proverbial ills of The System?

Today’s feature introduces you to such a remedy if you will, an inspired business plan that grasps and turns malady into remedy, both for patients in need and potentially for the health care industry at large.

We may not be able to manage our deaths or taxes, but perhaps we can negotiate the terms of our own health and happiness.

Please review this interesting public company and its efforts to take care of you just a little bit better.
 

CRITICAL HOME CARE, INC., (OTCBB: CCLH)

Critical Home Care, Inc., markets, rents and sells surgical supplies, home respiratory therapy products, orthotics and prosthetics, and durable medical equipment, manufactured by third parties, primarily to individuals residing at home. In each line of products and services, the company provides patients with a variety of clinical services, related products and supplies, most of which are prescribed by a physician as part of an overall plan of treatment. 

Currently serving those living on Long Island and in the Five Boroughs of New York, Critical Home Care has six points of distribution and service and four retail stores in Patchogue, Babylon, Woodbury and East Setauket, New York.
 

INDUSTRY & MARKETS

The home health care industry is composed of three distinct segments: national home health care providers, regional home health care companies, and the myriad local, independent  “mom and pop” operations.  These companies operate based on their existing relationships and reputations with referral sources, including local physicians and hospital-based professionals. 

In the course of the last several years, managed care providers have placed an increasing importance on those home health care companies that can provide an integrated array of  health care services within a surrounding coverage area.

Small, independent operations make up approximately 60% of the home care market and generally provide a limited type of service such as oxygen supply.  Many of these companies are consolidating within the home health care sector for a myriad of reasons: 

• Increasing capital costs
• Lack of management expertise 
• An increasing number of baby-boomers requiring oxygen-therapy 
• Technological deficiencies
• An increasingly regulated environment

ACTIVE MANAGEMENT & RECENT NEWS

Last month on MoneyTV, David Bensol, CEO of Critical Home Care, Inc., announced the company is close to finalizing a deal for a $5 million credit line. Also, in the last several weeks, management at CCLH took positive action on the current  "naked short seller" controversy that has involved 50 NASDAQ and OTCBB companies. CCLH has become a "certificate only" or "custody only" issuer requiring physical certification of company ownership for all share transfers. This will decrease trading volatility and increase shareholder control. To read the company press release and disclaimer, Click Here.

WESTBURY, N.Y., Jan. 10 /PRNewswire-FirstCall/ -- Critical Home Care, Inc. (OTCBB: CCLH News) announced today the launch of an asthma intervention program with a major inner city insurance carrier. Asthma is a highly prevalent disease that affects the quality of life of many persons in the United States. Roughly one (1) of 18 (eighteen) Americans has asthma. Asthma is a major cause of emergency room visits, hospitalizations, missed school and workdays, many of which are preventable with proper intervention. Although the burden of asthma is especially great in those urban areas that have high levels of poverty and large minority populations, few interventions have been designed or evaluated specifically for these settings.

Chief Executive Officer David Bensol stated, "We are very pleased to have the ability to work with this insurance carrier to help improve the quality of life for asthmatic patients. We believe the efforts of our team will help reduce costs associated with this disease. We look forward to making further announcements regarding the Company's progress toward expanding this program with other third party payers, providers, and or state or government agencies".

To read the entire release and disclaimer, Click Here
 

A STRATEGY FOR GROWTH

Critical Home Care intends to capitalize on the consolidation opportunities that it believes exist within the fragmented home healthcare industry and has developed a strategic growth plan that envisions Critical  Home Care becoming one of the largest providers of comprehensive home healthcare services in the New York City metropolitan area.  CCLH intends to implement this strategy through internal growth and by acquiring other healthcare service providers operating in the New York City metropolitan area. Company management is also considering providing pharmacy services in the future. 

The home healthcare industry has undergone significant changes in the past five years.  The healthcare industry shows a trend toward home care over institutional care as a matter of patient preference and cost containment. With the passing of the Medicare Reform Act of 1997, healthcare providers were forced to accept widespread cuts in oxygen reimbursement, which have led to a dramatic shift in the industry landscape.  A weakness in the largest health care providers has created an opportunity for regional entities to cut into the national providers’ market share while also consolidating smaller home healthcare companies.  This is Critical Home Care’s growth strategy.
 

SERVICES

Critical Home Care specializes in assisting physicians, hospitals and insurance carriers with the discharge and care of patients in the home care setting.  Critical Home Care, Inc. provides three types of services and products:

• Home respiratory therapy 
• Home medical equipment 
• Orthotics and Prosthetics 

• Providing respiratory care 
• Educating patients and their caregivers about illnesses and the proper use of products in the home 
• Monitoring patients' individualized treatment plans 
• Reporting to the physician and/or managed care organization 
• Maintaining equipment and processing claims to third party payors 

OPERATIONS

Critical Home Care coordinates its administrative functions through an efficient centralized office, while its local business operations maintain a decentralized approach to maximize customer care and contact.  Critical Home Care, Inc. is not dependent upon any single supplier and believes that its equipment needs can be best met by maintaining relationships with a variety of manufacturers. 
 

SALES & REVENUES

Critical Home Care derives substantially all of its revenues from third party payors, including private insurers, managed care organizations,  Medicare and Medicaid.  Policies and procedures are in place to manage the claims submission process, including verification procedures to facilitate complete and accurate documentation, for all different sources of payment.

Critical Home Care operates in an environment with complex requirements governing billing and reimbursement for its products and services. Initiatives focused specifically on receivables management such as system enhancements, process refinements and organizational changes have resulted in improvement and consistency in key accounts receivable indicators.

No single referral source accounted for more than 10% of Critical Home Care, Inc.’s revenues for the three months ended March 31, 2002, nor for the year ended December 31, 2001.  Critical Home Care, Inc. currently has more than 500 active customers, and the loss of any single customer or group of customers would not materially impact its business.
 

SELECTED FINANCIAL HIGHLIGHTS

HISTORICAL BUSINESS INFORMATION: Mojave Southern, Inc. is a Nevada Corporation which was formed on December 13, 1994. On July 26, 2002 the Company entered into an Acquisition Agreement with New York Medical Acquisition Corp., Inc. (NYMA) to acquire all of the issued and outstanding common stock of NYMA. In connection with the Critical Home Care merger, New York Medical, Inc., changed its name to Critical Home Care, Inc. On September 27, 2002 the Company changed its name to Critical Home Care Inc. Critical Home Care, Inc. announced that on October 30, 2002, the Company entered into a Letter of Intent with Ocean Breeze Infusion Care of Farmingdale, which is beneficially owned by Staten Island University Hospital, and affiliated with North Shore University Hospital.

To view the SEC filings for CCLH, please Click Here
 

CONTACT

David Bensol, President and CEO

Critical Home Care, Inc., 762 Summa Avenue, Westbury, NY 11590. 
 Tel (516) 997-1200
To visit the CCLH Corporate Web site, Click Here

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