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SK3 GROUP, INC (SKTO)
SK3 Group, Inc. has two divisions that provide medical related services to its customers.
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| Recent Price |
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| Market Capitalization |
$2.52M |
| Est Float |
21M |
| Outstanding Shares |
29M |
| Quotation |
OTC.PK |
SK3 Group, Inc.
2255 Glades Road
Suite 324A
Boca Raton, FL 33431
Phone: 760-268-9611
Fax:
http://www.sk3groupinc.com
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SK3 Group Signs Joint Venture With Chiropractic USA Inc.
SK3 Group, Inc. has signed a joint venture with Chiropractic USA Inc. a Colorado based franchisor of chiropractic services. Chiropractic USA has been in business for seven years and currently has thirty five franchisees across the US, generating systemwide annual revenues in excess of $14,000,000. SK3 sees this joint venture as a way to increase its service offerings and hereby increase revenues, as SK3 earns a 19% fee per visit. SK3 will also earn a 30% override on long-term patients (over five visits) referred. SK3 will be marketing these services to the existing 27,000 clients as an ancillary service
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SK3 Group Signs Two Year Contract With Leading Edge
SK3 Group, Inc. has signed a two year contract with Leading Edge Benefits Inc., an Englewood, New Jersey discount medical provider. The contract will service the more than 19,000 Leading Edge members and will provide 24/7 nurse support for medical related issues including: general information on all types of health concerns; answers about medication usage and interaction; translation services for non-English speaking callers; TTY/TTD access for the hearing impaired; and computerized record keeping system. Nurses On-Line will charge each user a monthly $10 fee and a $25 dollar per call after the first free call a month.
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SK3 Group, Inc. (OTC.PK: SKTO)
SK3 Group has two divisions that provide medical related services to its customers. Nurses On-Line is a subscription service for employers who are seeking pre-screening of workers' compensation injuries by a registered nurse prior to disposition of medical treatment - first aid, clinical referral, or emergency hospital. Nurses On-Line provides a 24/7 telephone triage system for employees and employers, which helps reduce overall exposure to financial risk and has been demonstrated to reduce reportable claims to insurance companies by as much as 61%. SK3 Group also markets preferred medical services through its facilitation partners to its client base.
Nurse On-Line provides 24/7 nurse coverage for worksite injuries - both employees and supervisors. Since there is only one basic fee, there is no additional cost for higher call volumes. Their staff of licensed Registered Nurses is oriented around providing sound clinical decisions when an injury is called in on our 800 number. Their system provides for first-aid referrals or emergency treatment referral if applicable. All referrals are made to associated clinics in the immediate geographic area who subscribe to medical protocols that are state-certified and offered by their medical director. The system provides for prompt attention and report of worksite injuries using online technology.
- Nurse On-Line Triage: services for workers' compensation control and reduce claims expenses.
- Medical Staffing and Staffing Partners: Serving the needs of the medical community's nurse-staffing services to hospitals.
- Home Healthcare Nursing: services on an outcall basis. Insured, disabled, elderly patients WorkFit Licensed physical therapy practice post-surgical and occupational injury care.
Their expertise at reducing employer risk in relation to workers' compensation claims is unmatched. Their clients have included dozens of companies who have been able to reduce their mod rates, claims exposure, and insurance premiums through the use of their treatment protocols and management services. They have been so successful on the west coast that they now provide their services nationally.
Benefits
- Manage worksite injuries quickly and efficiently
- Reduction in the number of claims (frequency and severity)
- Better and more efficient system of care for employees
- More consistent and efficient management of claims and costs
- Lower workers' compensation costs
- Easy system to put in place
- No underwriting process
- No risk categories (All employees qualify)
The table below outlines the historical savings they have provided their clients. Note the differences in the actual costs using Nurse On-Line versus the costs (paid by insurance) associated with filing the same claim with an insurance company. Client’s premium and reserves will be calculated by their insurance carrier based upon claims made.
The Problem
Supervisors who are required to respond to injuries often lack proper medical training or experience to determine the seriousness of an injury and the appropriate response. Minor injuries such as strains and sprains that would respond favorably to first aid treatment are often referred to expensive providers whose treatments may be more expensive and time-consuming than first aid. Injured employees who are simply referred out to a clinic or hospital can get caught up in a lengthy process that can stretch recovery time and missed workdays. The process becomes claim-intensive and costly for employers. Independent clinics and hospitals are often unfamiliar with the worksite environment, first aid options, or return-to-work programs.
The Solution
All referrals are made to SK3 Group, Inc. associated clinics who subscribe to medical protocols that are state-certified and established by their medical director. The system provides for prompt attention and reporting of worksite injuries using on-line technology. SK3 Group, Inc. Nurse On-Line provides 24/7 nurse coverage for worksite injuries - both employees and supervisors. They offer sound clinical decisions about when first aid is appropriate (according to established medical protocols) or when referrals are necessary. They also assist in the implementation of back-to-work programs, further reducing financial risk.
Additional client services:
- Pre-placement services (drug testing and physical exams)
- Back-to-work and compliance programs
- Physician claims review/medical directorship to lower premiums even more
- On-site consulting and training
- Immunizations, fitness, and health maintenance
- A better system of care for employees
- Immunizations, fitness, and health maintenance
- Lower costs related to workers' compensation insurance premiums and claims
- More consistent and efficient management of claims and associated costs
Leadership
Peter Bell, President and Director
The director of the company and its president is Peter Bell, who resides in Florida. He is a sales and marketing professional with over 20 years experience. He will be responsible for creating the marketing team for SK3 Group, Inc.
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Disclosure
OTCReporter.com and HotOTCChina.com are owned by Oceanic Consulting, LLC ("Oceanic") and Garden State Resources NJ, LLC ("Garden State"), both of which are New Jersey limited liability corporations (OTCReporter.com and Hot OTCChina.com and its owners, Oceanic and Garden State, and their affiliates, directors and officers and immediate family members are referred to in our Disclaimer as "OTCR" or "we" or "us" or "our"). Oceanic and Garden State are referred to herein collectively as the "LLC Companies" when the context of the statements pertain to compensation matters, including our "Compensation Disclosure" section that seeks to comply with Section 17(b) of the Securities Act of 1933, as amended, which states that any person who disseminates publications or other communications (through interstate commerce) for consideration received or to be received, directly or indirectly, from an issuer, underwriter, or dealer, must disclose the receipt and amount, whether past or prospective, of such consideration. The LLC Companies contracted to receive and received twenty five thousand dollars from a non-affiliate third party shareholder of SKTO in return for OTCR’s services to publicly and electronically disseminate information pertaining to SKTO. It is imperative that all readers of the above Compensation Disclosure Section click on the link below to carefully review our Disclaimer in its entirety, which contains important information about penny stocks, our operations, the limited nature of the information presented in our publications and various risks attendant to the companies that we profile.
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