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HOUSTON, Aug. 13, 2018 (GLOBE NEWSWIRE) -- Spine Injury Solutions, Inc. (OTCQB:SPIN) announced today its subsidiary, Quad Video HALO Inc. (QVH), has reached an agreement with an injury relief treatment center for a multi-city implementation of the Quad Video HALO system.
QVH had introduced a new pricing model for non-SPIN Affiliated clinics in the second quarter of this year with a fee structure predominately based on the client’s monthly patient volume. The reception of the new pricing model saw immediate positive response from the pain management community as indicated by the recent multi-city agreement.
The new price model provides a comprehensive QVH-managed solution of hardware, software and HIPAA-compliant data management and support services for a “per-click” and monthly fee. The integration of the QVH system with support services and HIPAA-compliant video data management also enables clinical operations to have the benefit of the QVH system for videoing procedures without needing video technology resources in-house.
This business model of offering hardware, software and services for a monthly fee eliminates capital expenditures (and upfront cash outlay) for the client and allows for a monthly operating expense consistent with their monthly patient volume. Examples of this business model’s success and popularity of a Hardware-as-a-Service (HaaS), combined with Software-as-a-Service (SaaS) in other industries, such as, home security, the transportation industry and technology for the business sector.
Dr. William Donovan, CEO of Spine Injury Solutions Inc. said “ Dan Rogas, who has been consulting with us for the last three months, and David Spencer, QVH President, were instrumental in creating this business format where QVH can be valuable to areas of medical practices other than personal injury. Non-SPIN affiliated doctors that operate in the personal injury arena can now also benefit from the Quad Video HALO system in their practice with this new pricing model.”
About Quad Video HALO, Inc.:
A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc. (QVH) provides comprehensive video management systems and services for global reach of medical critique, review, risk mitigation, education, training, validation and collaboration. QVH Manages the visual experience for the healthcare industry.
Quad Video HALO is the only comprehensive video management solution company for the healthcare industry providing the platform, hardware, software, best in class support, video data management, projection services and analytics for medical professionals to incorporate the visual experience.
Its QVH System and QVH RX brings a total solution for physicians, pain management clinics and hospitals with an on-demand video system along with managing all video processing, filing and ongoing data storage management meeting all HIPAA requirements.
Additional information about QVH can be found at its website: www.quadvideohalo.com.
Quad Video HALO, Inc.
O. 855-784-4111 |
About Spine Injury Solutions, Inc.:
We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons, DOs and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries as well as traumatic brain injuries (TBI) and concussions resulting from automobile and work-related accidents. Our financing services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases.
Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.
Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.