"Sleep Ave., a Massachusetts company formed in the summer 2002, is one of the leading sleep diagnostic companies in the country. Our logo,"a meaningful avenue to better health," underscores the idea that good and adequate sleep is key to healthy living. We operate in three states covering ten accounts and do roughly 5,000 studies per year. Sleep Ave. has three different operating models, two of which are quite similar(hospital-based lab and physician-based lab) in which the hospital's main responsibility is to provide the necessary space for sleep lab, maintain the space, and bill the appropriate insurance company. Sleep Ave. is obligated to provide a turnkey package to our client which would include diagnostic equipment, technicians, training, scoring, scheduling, etc.

Our third model is where Sleep Ave. operates a freestanding center in which all of the above obligations would be our responsibility.

There are pros and cons to each of the different scenarios, but the key thing that we look at is referral patterns and will the sleep center be able to reach adequate volume in a relatively short period of time.

Company Goals

• Increase awareness of sleep disorders and their effect on public health within the population in a responsible manner
• Integrate diagnostic and treatment services through validated clinical pathways
• Increase market share by adding additional centers
• Maintain contractual obligations with health insurance payers and health maintenance organizations within Sleep Ave.'s various geographical service areas
• Accredit our centers through the appropriate accrediting agency (JCAHO or AASM)
• Retain board certified medical staff and physicians with a strong interest in sleep disordered breathing
• Add points of service components that complement the clinical management of sleep disorders, such as nutrition services, dental services, weight loss and psychological services (i.e., sleep mall)