StockWizard
SureQuest Systems, Inc.
Ticker Symbol: SUQU
Fundamental rating: Over-perform
StockWizard searches out major up-trends in smaller over-looked stocks.
We focus on stocks at the beginning of upward trend reversals, with strong
fundamentals.
Our focus this week is on SureQuest Systems: SUQU
The Story
The healthcare industry has been put on alert.
The foodservice department is one of the highest cost centers of all healthcare facilities, spending over $30 billion/yr. Consequently, it has the highest priority towards dramatically reducing costs.
Managing thousands of patients' specific nutritional/medical needs, meanwhile maximizing intrinsic quality and safety--as well as minimizing costs--is one of healthcare's biggest challenges.
Nowadays it is nearly impossible to maintain all patient
information in the outdated, traditional way. Today's more detailed patient
information, importantly, contains food allergies, drug interactions and health
related conditions such as diabetes, liver problems, etc, which if used
inaccurately could become life threatening.
Stories from many hospitals tell of serious problems occurring when patient's
plans are wrongly directed. Accidents in surgery, such as digestive contents
spilling into other organs, major allergic reactions and abdominal testing gone
afoul.
What can be done
SureQuest's revolutionary software enables institutions to correctly direct
plans to patients with 100% accuracy and with minimum human interaction. No more
misinterpretations or errors. SureQuest's software solution provides electronic
menu management, selection and preparation, inventory and personnel cost
controls, electronic purchase, improved operating efficiencies and electronic
documentation of meals prepared and served to a facility's patients.
SureQuest's Market
Healthcare is booming. The main reason is the US population is aging. The over
age 85 segment is projected to grow an incredible five fold by 2050.
Today, only 25% of the nation's 57,000 healthcare and retirement facilities are using nutritional/dietary software solutions. But the change is seemingly exponential and happening overnight. SureQuest is leading the way in providing the technology necessary for this rapidly changing environment.
SureQuest-leading the pack
SureQuest is presently working with over 1000 healthcare and retirement
facilities in 47 states and Canada.
SureQuest is the private label provider for many of the
largest food distributors in North America, including Sysco, Food Services of
America, Hawkeye Foodservice and Bunn Capitol Company, and recent press releases
show how SureQuest is moving rapidly to implement its software.
1) SureQuest announces that it has entered into an agreement with Quick-to-Fix
Foods, a Smithfield Foods Company. Smithfield Foods, registered on the NYSE:
SFD, is a major industry player with annual sales of $2.21 billion.
2) SureQuest announces implementation of a $1 million agreement with one of the
largest nursing chains in the US. This nursing chain will receive shipment to
over 270 of its facilities.
3) SureQuest announces that it has been approved as a vendor for the state of
Texas. SureQuest has now been approved to bid on contacts in one of the largest
and most populated states in the nation.
So you can see, SureQuest is not only aware of the problems associated with
out-dated methods in its industry, it has the solutions and is well on the way
to implementing them.
Investment Conclusion
There are well over 42,000 healthcare and retirement facilities in the US alone
still relying on outdated menu and production methods to maintain their
foodservice departments.
SureQuest has already established itself as the leader in providing solutions for this industry, is already working with over 1000 clients and we believe will capture a major portion of this $30 billion/yr market.
For more information on SUQU, or a Quote, ENTER HERE
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