EXHIBIT 10.10
My800 Doctor &
InteractiveMD
Proposed Statement of Work
9-20-12
MY800Doctor (MY800DR)and interactiveMD (iMD) haveagreed to initiate amulti-part business relationship whereby iMDwill use itsplatform, system and doctors to serve the needs of the My 800 Doctor service. MY800DR willuseits marketing and distribution expertiseto drive prospects tothe iMDplatform and website. Over time,MY800DR intends tooffer the iMD system and technology to the doctors licensingthe MY800DR scheduling software. SothisStatementof Workprovides MYSOODRthat option
iMD willserve MY8OODR in a two-part effort to providetheservices needed.The two parts will be:
1. Telehealth productsforsale to MY800DR customers
iMD will package for MY8OODRaco-brandedtelehealth service that can be sold asa stand-alone service. MY8OODR willhave the right to sellthat product to its customers.
2.White label version of the iMD platform
iMD will, at MY8OODR's option, build for MY800DR a "white label" version of the iMD website, E.H.R. and customer database. !twill function exactlylike the current
iMDsystem butwillbe branded My800Doctor.
Part I Details: Telehealth Product for saleto Customers
• | Parties willenter intoa three year agreement forMY8OODRto sell telehealth services to its customers. |
• | Two co-brandedwebsites forpatient enrollment into the iMD service orthe Spanish language Hoi a Medicoservicewillbe builtand co-funded by both parties. MY800DR will linkprospects totl1e co-branded sites and earn a revenue share for each prospect that becomes an iMD member. The parties shallsplit the cost ofthe co brand sites (English/Spanish) upto $5,000 each party foreach site. Once exact pricing is received from amutually agreed web services firm the partieswillsplit the cost 50%/50% and make the appropriate deposits and payments upon completion. |
(1) |
• | MY800DR shall have the right to sell iMD and HolaMedico co-branded telehealth services. MYBOODR will refer prospects to the sitesfor sign uponline orby telephone enrollment. iMDwill trackallreferrals coming fromMYSOODR. A dedicated phone number willbe created for telephone enrollmentand the landing pages of theco-branded siteswillcount and track allreferrals coming from MY8OODRwebsites. Foreach newmember that isreferred byMY800DR to iMD or HolaMedico MY8OODRwillbe paid $10per member per month irrespective of the typeof membership sold. |
The co-branded offering will be a month to month servicewith no consults included. MY8OODR will guarantee to iMDaminimum of 200 new patient enrollment perquarter. In the event that atthe end of each quarter, beginning with Q42012, lessthan 200 new members have been referred by MY8OODR, then MY8OODR willpay to iMD a penalty fee equal to $90 foreach member lessthan 200 actuallyenrolled. Soifonly 120 new members enrolled during thequarter, then MY800DRwouldowe iMD80 (200-120=80) x $90=$7200, payable within 30 days fromtheend of the quarter.
PartH Details: White LabelVersionoftheiMDSntem
• | My800DR shallbe granted an option for 12 months to have iMD build awhite label version ofthe iMDsystem |
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• | Should MY8OODRtrigger the option, iMDwill build forMY800DR, a"white label"version of the iMD website, E.H.R. and customer database and willlicenseto MY8OODRtheright to use the system.ltwill functionexactly like the current iMD system butwillbe brandedMY800DR. Timetabletocomplete12 weeks |
• | Full video conference functionality |
• | License allows utilizationfor up to 100,000members; up to 10 concurrent video conversations at the same time |
• | Unlimited Tier1tech support |
• | All fulfillment of member brochures, customer service, call center activity, and doctor consults will be provided by MY8OODR. |
Three year contract | |
• | Pricing |
Building the platform and system- $42,000 (year1 cost only)
Use ofthe system-
$1.20 pmpm< 50,000 members;
$1.00 pmpm 50,000-150,000 members
$0.80 prnpm 150,000+ members
Consults: $2.00perconsult
Monthly minimum guarantee: $10,000
•3%price increaseper annum
(2) |
iMD will alsogrant MY800DR an ongoing license to usethe platformin the eventthe companyis acquired or merged with anotherentity.
l\lext Steps
1.ApproveStatement ofWork
2. Proceed to bindingagreement
3.Begin work onco-branded website
Gary Wald | |
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Garywa’ld | Date: 10/ /12 |
Chief Operating Officer | |
Interactive MD |
Michael Friedman | |
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Michael Friedman | Date: 9/ 24/12 |
Chief Operating Officer | |
800 Commerce Inc. |