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Metropolitan Medical Care, Inc. REVISION #6. Savannah Quarters Center 2 Pooler, GA. Comprehensive Services. Acute Care Surgery Pre/Post Lodging/Recovery Center within Hotel Lab Imaging Center Multi-specialty practices Dental Plastic Surgery Radiation Therapy
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Metropolitan Medical Care, Inc. REVISION #6 Savannah Quarters Center 2Pooler, GA
Comprehensive Services • Acute Care • Surgery • Pre/Post Lodging/Recovery Center within Hotel • Lab • Imaging Center • Multi-specialty practices • Dental • Plastic Surgery • Radiation Therapy • Wellness/Rehab Programs • Spine Center
Current development team • : Medical facilities and systems- David T Schwartz MD Construction management - Joseph M Cross Jr* Architects - LS3P- Charleston SC GC: Mashburn/ Christman Consultants: • Georgia CON: Michael W. Kleinpeter,EdD,MHSA Hotel feasibility Hank Staley (Atlantic Hospitality) Sport feasibility W T S International Senior facilities feasibility Promatura Senior facilities design Dennis O'Keefe AIA Management groups (optional, and at operations) Hotel KELCO Senior facilities Life Care (Des Moines IA) Sports club WTS international
Savannah Quarters Center II 195,000 sq ft MOB with core services 175-room 3 star hotel 70,000 sq ft sports and health facility 200,000 sq ft assisted living facility Up to 480,000 sq of research/commercial facilities Participants are tenants and optionally members of single-asset LLC. BOEI (Build-out, equipment and IT) provided to health care providers at no cost to them. EMR’s, and integration to Backbone IT system- provided Global (bundled) billing contracts with payers ( increased revenue) provided.
The Location • New Savannah Quarters Mall • Near mixed-use upscale development • Convenient access to I-95 and I-16 and Pooler Parkway • Growing residential density • First major medical facility in Western Chatham County
SQC2 LLC Doctors 30% MMC 35% Capital Partner 35% Real Estate (Hotel, MOB, Sports,CCRC) Ownership Structure Non-recourse
Governance • Real Estate: SQC2 LLC • Medical Operations: All doctor-tenants
Each practice leases space, designs, builds, operates, and bills for their own service. • Global Billing for care rendered with hotel stay in lieu of hospitalization is provided by MMC as a parallel service Entire build-out, equipment (including surgery center) and IT enhancements are furnished to you at no cost. (BOEI)
Global Billing MMC can negotiate global insurance payment for care documented to be in lieu of hospitalization Realized savings of up to 30% of same cost in hospital Payment is divided among providers in proportion to their UCR fees Global billing can double or triple your per case fee revenue on 30-60% of your current in-patient work 9/7/2014 15
Efficiency • All Providers will have, or be furnished EMR of their choice • All Providers’ systems integrated with backbone system
Integration Enterprise-wide system will: • Increase your practice efficiency • Enhance financial control • Enable cost-saving and revenue-increasing interactions with payers • Provide unified portal for clinical research studies, saving research time and cost, while increasing study participants’ revenue.
Equity Opportunity • Shares in SQC2 LLC are optional until end of construction, which will not begin until financing, permits and insurance contracts have been secured • Membership units corresponds to 1,000 sf leased1 unit = 0.25% of total project
What is Required to Sign On? • 10-year lease contingent on 70% leasing, financing, permitting, and delivery of project • An automatically refunded $5/foot deposit for your office space • Shares in SC2 LLC can be secured by leveraging your liquid securities.
How do I get my BOEI for free? You don’t. You get it (from LM Foundation)for rendering that dollar amount of free care over five year period, and… • Insurance write-offs qualify • You control patient and procedure/services selection • The program itself is viable, as it covers subsidized care at half the cost
Summary • Increased efficiency thru IT enhancements • Increased revenue from on-site referrals, project marketing, and global billing • Real estate equity ownership for all facilities • Collegial environment • Excellent location and proximity • Minimal to zero upfront investment