Spine Pain Management, Inc.(SPIN) is a unique business concept newly formed as a public company for nationwide expansion of the concept that had been developed and successfully deployed for over 3 ½ years by its founders in Houston, TX. Prior to forming SPIN in August of 2009. Its development was created by a need to pro-actively support an ever expanding market of spine surgeons, orthopedic surgeons, other health care providers and injured victims involved in the $50+ Billion Dollar personal Injury case sector with the highest quality spine pain diagnostics and financial management. SPIN assists in coordinating, streamlining and cost effectively financing the patient's needs with the appropriate medical providers to facilitate recovery to maximum medical improvement (MMI). SPIN through its ever growing list of affiliated Spine Injury Diagnostic Centers currently coordinates two minimally invasive injection procedures, Facet Nerve Blocks (Facets) and Percutaneous Disc Decompressions (Perks) to, in the case of Facets, assist the Spine Surgeon in diagnosing the specific problem area, and in the second case, Perks, provide a long lasting treatment to alleviate the patients pain.
As mentioned, SPIN's founders after having developed and successfully implemented their program in the private sector, elected to rapidly expand the concept by entering the public stock market as SPIN in late 2009. In addition to the initial Affiliated Center, owned by the Company's CEO in Houston (August 2009) three new Affiliated Diagnostic Centers have now been opened in McAllen TX (June 2010), Tampa FL (Feb. 2011), Orlando FL (January 2011) and Jacksonville FL. SPIN, through its proven Management team, will continue to "roll out" its system across the U.S. into major metropolitan cities through affiliates comprised of established Spine Clinics. As a "Service" Company providing only non-medical services such as scheduling, billing and collections, along with providing cash resources to the local affiliates, while assuming risk of a case not settling, the Company does not assume medical liability. Depending on cash available, the Company's goal is to add one or more new affiliates each quarter.
Since inception of its first center through the end of June, 2011, SPIN has been engaged in over 1000 individual cases, with new cases now being added exponentially as new centers are being added at an increasing pace.
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