Milestone Client, My Health Care Manager, Featured in the News

Monday, August 31, 2009 by Glenn Dunlap
The August 24th edition of the Indianapolis Business Journal featured Milestone Advisors' client, My Health Care Manager. The company's CEO, Alan Stanford (pictured here), began working with Milestone three years ago when planning the start-up of the new business.

My Health Care Manager helps older adults achieve better management and control of their total health care, longer independence and greater peace of mind for themselves and their loved ones.

Here's an excerpt of the article about their recent success:

Indianapolis-based startup My Health Care Manager has signed an agreement with Indianapolis-based WellPoint Inc. that will eventually put My Health Care Manager’s elder care service in front of the health insurer’s thousands of employer clients and their workers around the country.

It’s a coup for My Health Care Manager, which has only about 500 individual customers now. But in September and October, WellPoint salespeople will pitch My Health Care Manager’s service to employers around Indiana.

Late this year or maybe next, WellPoint will talk up the service around the Midwest. Eventually, the company plans to roll it out in all 14 states where it operates.

“We now have a way to get to the market,” said Alan Stanford, founder and CEO of My Health Care Manager. He added that he will now pitch his service to Blue Cross and Blue Shield plans that WellPoint does not own.

“It just gives our company credibility as an established company very quickly,” he said of the WellPoint deal.

My Health Care Manager has annual revenue of less than $1 million now. But within a year, Stanford expects sales to near $10 million.

“We’re past the development phase and now we’re in the scaling phase,” Stanford said. “We have the potential to be a very large business.”

Milestone is proud to have worked with Alan Stanford and My Health Care Manager to develop their financial projections and business plan in their formative stages and to continue to provide them with part-time CFO, controllership and accounting services. Congratulations to Alan and his team. We wish you much success!!
 

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