Business
InnerScope Hearing Technologies Announces Updated Business Plan to Create a Continuous Revenue Eco-System
InnerScope Hearing Technologies Announces Updated Business Plan to Create a Continuous Revenue Eco-System.
About this update from Innerscope Hearing Technologies, Inc.
[{"type":"text","content":"\nInnerScope Hearing Technologies Announces Updated Business Plan to Create a Continuous Revenue Eco-System\n\nInnerScope Hearing Technologies Announces Updated Business Plan to Create a Continuous Revenue Eco-System\n\n\nThe Company will operate interconnected divisions each generating revenues in major markets of hearing industry\n\nROSEVILLE, CA--(Marketwired - September 27, 2017) - InnerScope Hearing Technologies Inc. (OTCQB: INND) today announced its' updated business plan to scale its infrastructure to develop and deploy a revenue eco-system strategy including expanding the revenue model to other major sectors of the global hearing industry. The Company, recently announced plans to acquire AUDserv Inc., and will create 7 separate revenue generating divisions. Each division will generate revenue and be poised for growth, increasing the Company's market penetration. These 7 separate divisions will be:Patient Management System (PMS) Division: a SaaS based software program which was created, designed and customized by and for audiologists, specifically to fill a much-needed clinical gap solved in other multidiscipline software programs. It allows audiological retail clinics to better manage their day-to-day operations, through efficient clinical workflow, patient follow up and logical organization of data. INND's PMS system, called Prism Connect is the only PMS software platform that delivers a comprehensive business solution that is easy for any front desk staff to use. Once the data is uploaded, Prism Connect seamlessly integrates the needs of the audiologist, management, patient and marketing. Prism Connect also provides a link (\"Prism ENT\") between an electronic medical record (EMR) system, containing patient's medical history, giving the audiology clinic a \"Best-In-Class\" PMS, while seamlessly integrating the schedule and patient files of the clinics patient management platform. EMR systems are not designed for Audiology and the records are often not integrated. Prism ENT solves that problem by linking the two platforms. The Company believes the PMS system can be in thousands of private practices by 2022, which will be on a monthly subscription fee per practice facility. Buying Group Division: INND will create an exclusive Buying Group experience for the practice to reduce their wholesale costs, so they could worry le...