COLUMBIA, SC – Richard K. Bogan, MD, Chairman and Chief Medical Officer of SleepMed was interviewed and featured at the top of the article entitled, "Sleep Center Success Doesn't Happen Overnight" in the January 2006 Premier Issue of Chest Physicians, the official news publication of the American College of Chest Physicians (ACCP).
He was quoted as follows: "The industry revenue forecast is good. The total business – equipment, therapy services and sleep studies – is a $1.6 billion industry, and we're seeing tremendous growth in sleep diagnostics." Dr. Bogan goes on to explain the penetration of the hospital sleep lab market, the specialties of medicine using sleep lab services, the snoring, apnea and insomnia prevalence, and their presenting symptoms. He also explains the importance of a successful business model and business plan in the development of a successful sleep laboratory. Bogan stresses the importance of effective negotiations for reimbursements with third-party payers. Lastly, he discusses the importance of networking with your referring physicians.