Sims and Associates, LLC. | Application Preview
Sims and Associates, LLC. is seeking government grants to support its growth and operations as a women-owned minority business in the medical billing sector. The funding will be allocated for marketing efforts, intern stipends, and strategic partnerships, particularly with the AAPC, to provide training for interns until the company can hire full-time employees.
The company's business plan anticipates securing 3 to 5 contracts over the next five years, each worth between $20,000 and $100,000 annually, focusing on outsourcing medical billing and optimizing business processes. Sims and Associates is also pursuing certifications for Economically Disadvantaged Women-Owned Small Business (EDWOSB) and Women-Owned Small Business (WOSB) through partnerships with the Small Business Administration (SBA). The company has identified three potential interns to aid in its expansion and has obtained necessary training resources from ClaimTek.
Sims and Associates positions itself as a dedicated service provider aiming to create jobs and support other women entrepreneurs, emphasizing its commitment to honesty and community impact. The company’s competitive edge lies in its unique status as a women-owned minority business, serving not just South Carolina but also Georgia, Pennsylvania, and North Carolina. The mission of Sims and Associates is to assist medical and dental practices in optimizing operations and increasing revenue, allowing practitioners to concentrate on patient care.
The competitive landscape includes local companies such as Resources One Medical Billing, Medico, and Physicians Services, USA LLC. However, Sims and Associates differentiates itself by specializing in medical billing and being the only women-owned minority service in the area. The company aims to collaborate with government initiatives to extend entrepreneurial support to socially and economically disadvantaged communities, highlighting the significance of partnerships with minority-serving institutions.
-
General Information
Business Registration Number: 84-4850864
Location: Blythewood, SC, United States
Length of Operation: Less than 1 year
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
-
Funding Usage
The funds will be used expeditiously for marketing, stipends for interns, and partnerships. I plan to partner with the AAPC and offer training to potential interns until the company is financially stable to create employment.
-
Business Plan
I plan to receive 3 to 5 contracts within the next 5 years. Each contract can range from 1 to 5 years of service.The amount associated with outsourcing of medical billing and business optimization is $20K to $100,000 per annual contract. I have partnered with SBA to receive additional information about EDWOSB and WOSB, which, I am pending certifications. I have 3 potential interns that will assist me with expansion. I have also partnered with ClaimTek who has provided the necessary training and resources to assist with company expansion excluding financial resources. Why should you invest into Sims and Associates, LLC? This company is founded on basic principles which include the code of honesty. I am wanting to make a change by operating a fully women owned minority business. The purpose of this company is to create jobs within the United States. My vision is to help others and what better way than to serve this country then giving back. I would like to help other women that operate under a small business.
-
Self Identified Competition
1. Resources One Medical Billing 2. Medico 3. Physicians Services, USA LLC All three companies are local. I do not serve just Columbia, SC, I also serve Georgia, Pennsylvania, and North Carolina. There is no other Medical Billing company in the area that is a Women Owned Minority Business. Background on Company Since, 2014 Chief Executive Officer Ashley Sims has completed extensive research within the medical industry and proposes business optimization. Sims and Associates, LLC., is a professional billing service dedicated to meeting insurance and patient billing needs for a practice. We offer a variety of highly personalized services that can improve cash flow and lower operating expenses. Mission and Purpose Sims and Associates, LLC., goal is to help grow medical and dental practices by strategic analysis, increasing revenue, and practice customization. We strive to assure the best strategies are implemented to help practices continue to focus on patients while Sims and Associates focuses on business needs. There is no other Medical Billing company in the service area that is a Women Owned Minority Business that specializes in Medical Billing. South Carolina does not have a representative that serves the area for WOSB training or assistance with EDWOSB. I plan to operate as a WOSB and EDWOSB and partner with the government to offer services through SBA WOSB program. "Furthermore, recognizing the important role that Minority Serving Institutions (Historically Black Colleges and Universities [HBCUs], Hispanic-Serving Institutions [HSIs] from the Hispanic Association of Colleges and Universities [HACU], and Asian American Native American Pacific Islander Institutions [AANAPISIs]) play in meeting the needs of socially and economically disadvantaged markets, this program announcement seeks to encourage MSIs to provide entrepreneurial development services to socially and economically disadvantaged entrepreneurs."
-
Contact Applicant
Subscribe to our Administrator Dashboard to gain full access to this application. Learn More
