More on
SKTOMake sure you put
SKTO on your watch list for a possible hard bounce move!! It`s basically back where it started and if you look at the chart from Tuesday you can see it started to trade sideways once it hit the bottom.
If it was to rally again and test highs it made last week, it could be close to a double!!!
Health care is a trillion dollar market and
SKTO may see a lot of demand for their services. They are already signing contracts left and right.
Workplace deaths, illnesses and injuries cost society $155.5 billion annually. This is a staggering figure!
SKTO 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.
Each year, more than 4.1 million people in the United States suffer a workplace injury or occupational illness!
Employers have to protect their employees at work but what about having to protect themselves
Fraudulent cases have cost employers and tax payers a lot of money!
The purpose of
SKTO`s Nurses On-Line service is to assist employers with managing the ongoing risk associated with workers` compensation claims and their relationship to premiums and reserves charged by insurance carriers.
SKTO also markets preferred medical services through its facilitation partners to its PEO client base.
According to the National Association of Professional Employer Organizations, there are more than 700 PEOs in the US with 2008 gross revenues of $68 Billion!
SKTO`s intention is to strategically roll-out is Nurses On-Line and ancillary fee based services initially to these US based PEOs.
"We have recently contracted to provide our Nurses On-Line service to several PEOs. In the process, it has become clear that there is a need for add-on services that we can provide," said Peter Bell, President of
SKTO.
SKTO has signed a three year co-marketing agreement with Smart-Tek Automated Services Inc. which provides financial services to small and medium-size businesses.
This relieves its clients from many of the day-to-day tasks that impact their core business operations, such as payroll processing, human resources support, workers` compensation insurance, safety programs, employee benefits, and other administrative and aftermarket services predominantly related to staffing - staff leasing, temporary staffing and co-employment.
The contract is expected to generate $360k in revenues for
SKTO!
Smart-Tek has agreed to co-market
SKTO`s services to Smart-Tek employees as well as to other PEO`s throughout the country.
SKTO has also just signed a two year contract with Leading Edge Benefits Inc., an Englewood, New Jersey discount medical provider.
The contract will service the more than 19k Leading Edge members and will provide 24/7 nurse support for medical related issues.
SKTO President Peter Bell commented, "Leading Edge Benefits is a perfect consumer extension of our Nurses On-Line product line. It shows that the company can service multiple markets simultaneously including the PEO and worker`s compensation sectors and address the needs of the average hard working American."
In a recent sampling, over 74% of Leading Edge`s clients were trying to reduce their health costs, and over 43% stated that they would try a Nurses On-Line service to reduce their medical expenditures!
Nurses On-Line will charge each user a monthly $10 fee and a $25 dollar per call after the first free call a month. Leading Edge Benefits will be adding the Nurses On-Line option on all new clients and for existing monthly renewals.
SKTO has signed a two year contract with Allegiant Professional Business Services Inc., a $100 million annual revenue staffing and PEO (Professional Employer Organization) to service its 20,000 plus employees.
"This contract with Allegiant, validates that our cost saving strategies can be implemented by a large business and assist them in effectively managing their insurance and worker`s compensation claims," said
SKTO President Peter Bell.
What is the point of sending an employee to a hospital with a sprain when that sprain can be treated with some quick first aid
SKTO`s Nurses On-Line manages worksite injuries quickly and efficiently.
SKTO `s Nurse On-Line offers major benefits that include a reduction in the number of claims.
When the frequency of workers` compensation claims is lowered, employers generally enjoy reductions in premium and a reduction in deposits and reserves.
SKTO`s Nurses On-Line has been able to assist their employer-clients in reducing worksite injury claims by as much as 70% to 75%!
Accidents can happen surprisingly at work. Whether it`s a slippery surface or a heavy box that falls. Once a workplace accident happens, it`s crucial that it is responded to in an effective manner.
A lot of employers aren`t well trained to make medical decisions though.
SKTO`s staff of licensed Registered Nurses is oriented around providing sound clinical decisions when an injury is called in on their 800 number. Their system provides for first-aid referrals or emergency treatment referral if applicable.
All referrals are made to associated clinics in an immediate geographic area who subscribe to medical protocols that are State-certified.
SKTO has signed a two year services contract with American Transport Administrative Services (
ATAS), a California based Professional Employer Organization (PEO) primarily providing human resource services to employers of long-haul truckers.
The contract will begin to cover the more than 3,000 employees over the next 180 days, and will provide 24/7 nurse support for any medical related issues.
Worker`s compensation laws are a government mandated, employer provided benefit; and employers have a statutory obligation to provide medical and income benefits to injured workers.
According to the California Division of Worker`s Compensation, in California alone, there was an estimated $7 Billion in Worker`s compensation losses in the year 2007!
SKTO`s Nurses On-Line program is designed to help employers, and indirectly insurers, reduce the costs associated with worker`s compensation claims.
SKTO President Peter Bell stated, "The contract with American Transport Administrative Services solidifies our strategy of ramping up our growth by marketing our services to multiple thousand employee PEOs. Our Nurses On-Line service is a natural fit for the PEO market because it helps employers reduce worker`s compensation claims, probably the most costly aspect of their business."
More information on
SKTO is available at their website: http://www.sk3groupinc.com Make sure you always do your own research and consult with your own financial professional.
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