Millennium Healthcare, Inc. Appoints Senior Healthcare Executive Ben Tischler as Executive Vice President of Operations

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MELVILLE, NY--(Marketwired - Sep 3, 2015) - Millennium Healthcare, Inc. (OTCQB: MHCC), a developer and distributor of healthcare services and medical devices, today announced the appointment of senior healthcare executive Ben Tischler as Executive Vice President of Operations effective September 15, 2015.

Mr. Tischler joins Millennium after serving as Vice President of NextGen RCM Services (NG) and being the Founder of HSI, a national provider of Revenue Cycle Management (RCM) services. NG/HSI provides a range of services including patient eligibility, billing, collections and analytics.

In 2008, HSI was merged into Quality Systems/NextGen Healthcare as a platform company, becoming NextGen's RCM Division, known as NextGen Practice Solutions (now NextGen RCM), utilizing the NextGen Enterprise Practice Management (EPM) system. The HSI management team also led the add-on acquisition of Physicians Practice Management based in Baltimore, Maryland, in 2011, and Matrix Management Solutions based in Akron, Ohio in 2012.

Mr. Tischler brings extensive experience in the Healthcare and Pharmaceutical arenas to Millennium. As Senior Vice President of Business Development for D&K Healthcare Resources, Mr. Tischler was responsible for the identification and execution of the strategic acquisition of Pharmaceutical Buyers, Inc. (PBI), and provided Group Purchasing Organization (GPO) services to alternate site classes of trade including Nursing Homes, Home Medical Equipment and Physician Offices. This transaction was the first of its kind in the wholesale drug business and was followed by similar acquisitions of GPO companies by AmerisourceBergen and Cardinal Health. D&K was acquired in 2005 by McKesson Corporation.

Prior to these positions, in 1990, Mr. Tischler co-founded American Home Therapies (AHT), a provider of home infusion therapy based in St. Louis. AHT was sold to Medysis, Inc. in 1993 and is now part of CVS/CareMark.

Ben Tischler, Millennium's incoming Executive Vice President of Operations, said, "I am very excited to be on the team and assist in the transformation of Millennium into a leading provider of niche healthcare wellness solutions."

"Ben's proven track-record strengthens Millennium's position in the industry and our focus on our ongoing strategy to create a high performing client-focused culture, which is a large part of our vision for becoming a fully technology-integrated infrastructure provider," said Noel Mijares, CEO of Millennium.

Mijares added, "We are bringing differentiated solutions to market, and Ben's healthcare experience and expertise in marketing, customer experience, data management and research and development will be instrumental and complement our executive management team. We are very confident that Ben's abilities and experience will further benefit our valued shareholders."

About Millennium Healthcare Inc. (www.millenniumhcs.com)

Millennium Healthcare Inc., through its wholly owned operating subsidiaries, provides hospitals, primary care physician practices, physician groups and healthcare facilities of all sizes with cutting-edge technology driven applications, systems and medical devices focused primarily on preventive care through early detection. The Company also provides advanced billing and coding services, and practice development and management services. For more information, please visit www.millenniumhcs.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains certain statements that may constitute "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995 (the "Reform Act"). Forward-looking statements are identified by such words and phrases as "we expect," "expected to," "estimates," "estimated," "current outlook," "we look forward to," "would equate to," "projects," "projections," "projected to be," "anticipates," "anticipated," "we believe," "could be," and other similar phrases. All statements addressing operating performance, events, or developments that we expect or anticipate will occur in the future, including statements relating to revenue growth, earnings, earnings-per-share growth, or similar projections, are forward-looking statements within the meaning of the Reform Act. Because they are forward-looking, they should be evaluated in light of important risk factors that could cause our actual results to differ materially from our anticipated results. The information provided in this document is based upon the facts and circumstances known at this time. We undertake no obligation to update these forward-looking statements after the date of this release.

CONTACT:

JP Fortune Group
James Moldenhauer
949-218-4020

Marketwired
September 3, 2015 - 8:30 AM EDT


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