JZZ Technologies, Inc. (Pink Sheets: JZZI), announced today the formation of Omnigenics Medical. This division is being established to meet the growing demand for JZZ products from the medical and rehabilitative service sectors. JZZ Technologies Inc. has partnered with Innovative Insurance Specialists and Mason Consulting Group to support the design, development, and management of this new division and resultant products.
“Omnigenics Medical is well positioned to take advantage of the $1.7 trillion dollar healthcare service industry. Forty million Americans, who turn 65 over the next 12 years, are intent on retaining an active and athletic lifestyle. Our medical and physical therapy customers will use our product to support the maintenance and recovery of maximum physical functionality. Our product helps reduce and eliminate expensive inpatient care by relying on less costly and more effective therapeutic services,” says Aaron Pines President and CEO of JZZ Technologies, Inc.
Omnigenics Medical’s new product, ROMTech, is its primary introduction into the healthcare industry. ROMTech will fulfill two primary concerns of its customers - cost of care and the quality of medical outcomes. Payers are increasingly requiring real-time “patient status reports” as a condition for authorizing new, or ongoing medical treatments, physical therapy, and rehabilitative services. ROMTech provides the objective data necessary to fulfill those requests. The ever-increasing utilization and abuse of expensive pharmaceuticals in general, and pain medicine in particular, is causing patients and payers to look for alternative pain management techniques.
ROMTech is an electromagnetic motion capture system utilizing sensors placed on the body to capture any range of motion. The reports created detail the specific range of motion as compared to the AMA standard for that joint. One test will provide all three planes, sagittal, frontal, and transverse which with current technology cannot be done.
Innovative Insurance Specialists, LLC is focused on consulting and business services for companies that wish to position their products for entry into the healthcare services industry. Their strategy is to market their consulting services and solutions to clients developed through the personal networks and relationships that have been built throughout their professional careers. They understand the needs of these businesses and provide solutions based on those identified needs. They provide the unique opportunity to one stop shop for operations, sales and marketing, human resources and IT consulting services within one organization rather than four or five different organizations. The unique combination of expertise within IIS allows the firm to provide value added solutions to small to medium size organizations across a variety of markets.
Mason Consulting Group is the consultant’s consultant. Mason Consulting Group has over 15 years of experience in mergers and acquisitions for entertainment and corporate companies across America. We have quietly been involved in some of the most complex deals in the entertainment and corporate world. We take pride in being under the radar to ensure client confidentiality.
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