Voice Control, Inc. was set up to offer an orthopedic surgeon a solution. Specifically, the solution deals with the input of patient data into a medical records database.

The solution utilizes an increasingly popular and accurate speech recognition component known as “telephony.” This solution will provide the orthopedic surgeons with the ability to input patient data as they give the actual exam. This solution will fill a significant gap in the existing product offerings.

The value proposition for physicians is the ability to treat more patients at lower operating costs. This provides higher revenue and greater operating margins.

It will be distinguished from its competitors by offering the first-ever turnkey solution to electronic medical records that utilize telephony.

The American Academy of Orthopedics conducted market research last fall and found that 86% of patients would prefer electronic medical records with telephony input to traditional input.

According to additional market research, less than 10% currently use electronic medical record. 89% also plan to purchase electronic records within the next five decades. This is 42%, 36%, and 11% respectively, within 18 months and three years.

Currently, most physicians collect patient data on paper. It will include information such as patient demographics, lab reports, referral physician information, and patient examinations.

All of this information forms an individual patient file. All information about patients is stored electronically, creating an electronic medical record.

This market is mature, with approximately 15,000 licensed Orthopedists in the United States. It has the ability and need to pay for electronic medical record services. Our goal is for this market to grow at least 13% by the end of our fifth year.

To execute this plan, you will need to raise initial capital. The cash reserves for the fifth-year will be substantial. This will give the owners the chance to start buying back shares of the company that is needed to fund the startup. Currently, all outstanding shares are wanted back by the owners.

1.1 Objectives

Our main goal is $22 million more in sales revenue and $7million more in net profits in the fifth-year.

PRIMARY OBLIGIVES ARE:

1. By year five, you will have 13% penetration of the electronic medical records market in the orthopedic transcription market.

2. Prepare a business model which can be launched in additional vertical markets for medical services by year five.

3. By year five, penetrate 7% of the market for orthopedic dictation with speech recognition.

1.2 Mission

Voice Control, Inc. will use the latest technology to provide a fast, secure method for input, review, and sharing patient information.

Our customers are the lifeline to our mission. We will do everything possible to satisfy all customers’ expectations. The industry standard will be set by our quality product and service. We also have a high level of customer satisfaction.

Voice Control, Inc. will provide an environment for employees that will render individual growth opportunities, creativity, fair compensation, family values, and the opportunity for civic participation.

1.3 Keys To Success

These are our keys to success

1. Acceptance of speech recognition software as an alternative process to current methods of dictation/transcription.
2. Establishing our market leadership position by providing a “custom” solution to individual, end-users’ dictation/transcription needs.
3. Develop a package of ‘voice-created’ medical records that will include printed patient records and information to create a paperless record.
4. Profitably managing this market’s explosive growth opportunities.