1
MEDICAL BG FAMILY AND MANAGEMENT OWNED headquartered outside of Chicago, IL NEXT-GENERATION HERNIA REPAIR MEDICAL DEVICES ,000,000 COMPANY OVERVIEW (Additional Company information at: www.linkedin.com/company/bg-medical-llc/careers) PRODUCT OVERVIEW SALES MODEL / COMPENSATION TRAINING HIGHEST COMMISSIONS UPWARD & INDUSTRY MOBILITY (Additional Product information http://www.SurgiMesh.com) Sales Rep Overview 35 Sales Territories 55 Projected by 2020: SURGIMESH® hernia implant sold to surgeons in 1,800+ hospitals ACROSS AMERICA $1BILLION+ MARKET PROCEDURES ANNUALLY 1 8 REPAIR = HERNIA MIL GROWTH PER YEAR largely due to aging baby boomers % KEY SELLING POINTS HOSPITALS HAVE SIGNIFICANT COST SAVINGS PATIENTS EXPERIENCE NO LONG TERM MESH PAIN and get back to normal activities quicker. 25 % <1 % SURGIMESH ® RECURRENCE RATES/ REPEAT PROCEDURES INDUSTRY AVERAGE $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 6M/7C 5M/6C 4M/4C 3M/3C 2M/2C 1M/1C MONTH/CONVERSIONS REVENUE AND CONVERSIONS PER MONTH FOCUS: CONVERTING SURGEONS TO SURGIMESH. Each hospital represents a highly recurring revenue opportunity given the 1Million+ procedures per year nationwide 1099 GUARANTEE 1099 SALES REP COMMISSION STRUCTURE allows for maximum take home pay and tax write-offs. PER MONTH FOR THE FIRST 6 MONTHS as new team members ramp up to full-commission. 4 K $ Reps target one surgeon conversion per month, leads to recurring revenue of ~$5k per hospital on average. $75K AVERAGE FIRST YEAR compensation ALL STAR FIRST YEAR compensation $100K + $100K AVERAGE SECOND YEAR compensation ALL STAR SECOND YEAR compensation $150K + 40 % 25 % BG Medical pays what we believe are the highest commission rates in Medical commissions up to 40% of invoice Reps take home 25% of each month’s revenue On average AS AN “ENTRY LEVEL” MEDICAL DEVICE ROLE, MANY OF OUR REPS HAVE SUCCESSFUL STINTS WITH BG BEFORE TRANSITIONING TO LARGER MEDICAL DEVICE COMPANIES WITH $200-300K+ REP INCOME POTENTIAL. BG HAS HAD NUMEROUS INTERNAL PROMOTIONS TO REGIONAL MANAGER POSITION WITH 2 - 3x EARNINGS POTENTIAL TRAVEL TO BG’S TRAINING FACILITY IN FT. LAUDERDALE OR CHICAGOLAND TO BECOME A CERTIFIED MEDICAL SURGICAL REPRESENTATIVE COVERING: WEEK 2 & ONGOING: MANAGER-LED, FIELD-BASED INSTRUCTION IN REPS’ HOME TERRITORY. MEDICAL BG LEARN MORE AT www.linkedin.com/company/bg-medical-llc/careers MESH INDUSTRY COMPETITION SURGIMESH ® PRODUCT OPERATING ROOM SALES MODEL FOR SUCCESS OPERATING ROOM PROCEDURE & PROTOCOL ®

MIL - SURGIMESH...MONTH/CONVERSIONS REVENUE AND CONVERSIONS PER MONTH FOCUS: CONVERTING SURGEONS TO SURGIMESH. Each hospital represents a highly recurring revenue opportunity given

  • Upload
    others

  • View
    5

  • Download
    0

Embed Size (px)

Citation preview

Page 1: MIL - SURGIMESH...MONTH/CONVERSIONS REVENUE AND CONVERSIONS PER MONTH FOCUS: CONVERTING SURGEONS TO SURGIMESH. Each hospital represents a highly recurring revenue opportunity given

MEDICALBG

FAMILY ANDMANAGEMENT

OWNEDheadquartered

outside of Chicago, IL

NEXT-GENERATIONHERNIA REPAIR

MEDICAL DEVICES

,000,000

COMPANY OVERVIEW (Additional Company information at:www.linkedin.com/company/bg-medical-llc/careers)

PRODUCT OVERVIEW

SALES MODEL / COMPENSATION

TRAINING

HIGHEST COMMISSIONS

UPWARD & INDUSTRY MOBILITY

(Additional Product information http://www.SurgiMesh.com)

Sales RepOverview

35 Sales Territories

55Projectedby 2020:

SURGIMESH® hernia implantsold to surgeons in 1,800+ hospitals

ACROSSAMERICA

$1BILLION+ MARKET

PROCEDURESANNUALLY

1 8REPAIR=HERNIA

MILGROWTH PER YEAR

largely due to aging baby boomers

%

KEY SELLING POINTS

HOSPITALS HAVE SIGNIFICANT

COST SAVINGS

PATIENTS EXPERIENCE NO LONG TERM

MESH PAIN and get back to normal

activities quicker.25%<1%

SURGIMESH®

RECURRENCE RATES/ REPEAT PROCEDURES

INDUSTRYAVERAGE

$0

$5,000

$10,000

$15,000

$20,000

$25,000

$30,000

6M/7C5M/6C4M/4C3M/3C2M/2C1M/1C

MONTH/CONVERSIONS

REVENUE AND CONVERSIONS PER MONTH

FOCUS: CONVERTING SURGEONS TO SURGIMESH. Each hospital represents a highly recurring revenue opportunitygiven the 1Million+ procedures per year nationwide

1099

GUARANTEE

1099 SALES REP COMMISSION STRUCTURE

allows for maximum take homepay and tax write-offs.

PER MONTH FOR THE FIRST 6 MONTHS as new team members ramp

up to full-commission.

4K$

Reps target one surgeon conversion per month, leadsto recurring revenue of ~$5k per hospital on average.

$75KAVERAGE

FIRST YEAR compensation

ALL STARFIRST YEAR compensation

$100K+ $100KAVERAGE

SECOND YEAR compensation

ALL STARSECOND YEAR

compensation

$150K+

40% 25%

BG Medical pays what we believeare the highest commission rates in Medical

commissions up to 40% of invoice

Reps take home 25% of each month’s revenue

On average

AS AN “ENTRY LEVEL” MEDICAL DEVICE ROLE, MANY OF OUR REPS HAVE SUCCESSFUL STINTS WITH BG BEFORE TRANSITIONING TO LARGER MEDICAL DEVICE COMPANIES WITH $200-300K+ REP INCOME POTENTIAL.

BG HAS HAD NUMEROUS INTERNAL PROMOTIONS TO REGIONAL MANAGER POSITION WITH

2-3x EARNINGS POTENTIAL

TRAVEL TO BG’S TRAINING FACILITY IN FT. LAUDERDALE OR CHICAGOLAND TO BECOME A CERTIFIED MEDICAL SURGICAL REPRESENTATIVE COVERING:

WEEK 2 & ONGOING: MANAGER-LED, FIELD-BASED INSTRUCTION IN REPS’ HOME TERRITORY.

MEDICALBG

LEARN MORE AT www.linkedin.com/company/bg-medical-llc/careers

MESH INDUSTRY

COMPETITION

SURGIMESH®PRODUCT

OPERATING ROOM SALES MODEL FOR SUCCESS

OPERATING ROOMPROCEDURE & PROTOCOL

®