RJD has developed a business model that utilizes the healthcare industry experience and extensive industry relationships of RJDG’S management and team. The team has long-term relationships with many key providers within the service sectors of the healthcare industry. As well there are relationships with most major hospital systems, and surgical centers through-out the United States.
The initial focus is the acquisition of companies which provide services that reduce cost and / or enhance management capability through support services, within the healthcare industry.
An additional opportunity is to utilize the hospital relationships to create significant revenues by sourcing additional value-added products and services for distribution into the supply chain operators of multiple hospital groups and others; creating a user friendly one source option.
The first healthcare services acquisition of RJD Green is IoSoft Inc., a company that provides discrete payment technologies, services and software that can be integrated into targeted offerings for healthcare provider networks, hospitals, healthcare payers, and individual providers.
IoSoft was formed in 1998 by current principal, Vincent Valentine, to provide proprietary software for medical billing, Healthcare claims adjudication, automotive warranty payments, and electronic payments between healthcare Payers and Providers, and several other platform developments. Since formation, IoSoft has been a third-party developer of software and provides IT support for the platforms developed. Most of the Company’s efforts have been healthcare oriented in paperless claim filing and provider payment services.
Southbridge Advisory Group assisted IoSoft in procuring the resources needed to successfully launch complete marketing and customer support operations, which allows IoSoft to create rapid growth in procurement of product development and support contracts with major industry corporations in, and thru direct sales of their proprietary software. Another revenue stream with major revenue potential for IoSoft is the licensing of its software to large companies that utilize the technology to perform in-house servicing of clients. IoSoft has three new software developments that are being introduced in the fourth quarter of 2016.
Initial efforts of IoSoft are in healthcare payment systems that provide unique payment technologies and services or software that can be integrated with legacy or existing systems of healthcare payers, such as, Blue Cross, Aetna, CIGNA and others. IoSoft provides targeted product offerings for healthcare providers, provider networks, physicians and hospitals; and clearinghouse companies such as Relay Health, a McKesson division, and SSI – ClaimsNet. The IoSoft team has years of experience and relationships within the more than one million providers in the healthcare market.