8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

_____________________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Act of 1934

Date of Report (Date of earliest event reported): August 9, 2012

First Choice Healthcare Solutions, Inc.

 (Exact Name of Issuer as specified in its charter)

Delaware	000-53012	90-0687379
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

709 S. Harbor City Blvd., Suite 250, Melbourne, FL 32901

 (Address of principal executive offices including zip code)

(321) 725-0090

 (Registrant's telephone number, including area code)

Medical Billing Assistance, Inc.

(Former Name or Former Address, if Changed Since Last Report)

 Copies to:

Andrea Cataneo, Esq.

Andrew Smith, Esq.

Sichenzia Ross Friedman Ference LLP

61 Broadway, 32^nd Floor

New York, New York 10006

Phone: (212) 930-9700

Fax: (212) 930-9725

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

£	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
£	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
£	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
£	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

On August 9, 2012, First Choice Healthcare Solutions, Inc. announced its financial results for the quarter and six months ended June 30, 2012.

A copy of the press release announcing these financial results is attached as Exhibit 99.1.

Item 7.01  Regulation FD Disclosure

Additional information of the registrant is attached as Exhibit 99.2 to this report and is incorporated herein by reference. The registrant undertakes no obligation to update this information, including any forward-looking statements, to reflect subsequently occurring events or circumstances.

Item 9.01 Financial Statements and Exhibits.

Exhibit Number	Description
99.1	Press Release, dated August 9, 2012 , issued by First Choice Healthcare Solutions, Inc.
99.2	Company and financial highlights.

NOTE: The information in this report (including the exhibits) is furnished pursuant to Item 2.02 and Item 7 and shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. Such information in this Current Report on Form 8-K shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in any such filing. The information in Item 7.01 (and Exhibit 99.2) will not be deemed an admission as to the materiality of any information contained herein that is required to be disclosed solely by Regulation FD.

 SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	First Choice Healthcare Solutions, Inc.
Dated: August 14, 2012	By:	/s/ Christian Romandetti
		Christian Romandetti
		Chief Executive Officer

EX-99.1

At the Company:

Chris Romandetti

President and CEO

(321) 725-0090

First Choice Healthcare Solutions Reports Second Quarter Financial Results

and 210% Increase in Revenues from Recent Acquisition

Melbourne, Fla. (August 9, 2012) – First Choice Healthcare Solutions, Inc. (OTC/BB: FCHS) (“FCHS”), a company developing and acquiring efficient multi-specialty medical centers, today reported financial results for the three and six months ended June 30, 2012.

Revenues for the three months ended June 30, 2012, increased 210% to $1,192,033, compared to revenues of $384,518 for the three months ended June 30, 2011, and increased approximately 261% over first quarter 2012 revenue of $330,216. Revenues for the six months ended June 30, 2012 were $1,522,249, compared to $696,715 for the prior year period, or an increase of approximately 119%. This increase was due to medical segment revenues from the first multi-specialty medical center, First Choice Medical Group of Brevard (“FCMG”), which was acquired on April 2, 2012.

Operating expenses for the second quarter of 2012 were $1,162,202, compared to $304,216 for the prior year period. This increase was primarily attributable to costs of acquiring and operating the FCMG medical center. Also, one time professional and other expenses related to the acquisition of FCMG reduced net income from operations for the second quarter to $29,831, compared to $80,302 for the prior year period and resulted in a net loss of $69,358 for the first half of 2012.

Commenting on the second quarter financial performance of FCHS, Chris Romandetti, Chief Executive Officer, said, “We are pleased with our financial performance for the quarter and excited about the the performance of our medical operations segment, that reflected the revenue contribution of FCMG, our flagship multi-specialty medical center. To see net patient service revenues of $909,617 and net income of $58,866 for the medical operations segment is a remarkable accomplishment for our first center, which has only been under FCHS ownership for 90 days and is operating at less than 10% of its capacity. The accretive effect of this acquisition validates our business plan and reinforces our enthusiasm for continued growth and profitability.”

First Choice Healthcare Solutions, Inc.

First Choice Healthcare Solutions, Inc., through its wholly owned subsidiary FCID Medical, Inc., is developing and acquiring efficient multi-specialty medical centers. The Company is carving a new niche in the multibillion-dollar medical clinical service industry with specialized medical centers that offer an optimal mix of synergistic multi-specialty physicians combined with an array of diagnostic capabilities. More information is available at www.myfchs.com.

Forward-looking Statements  

This press release contains statements which are forward-looking statements.  Such forward-looking statements are based on current expectations, estimates, and projections about our industry, management beliefs, and certain assumptions made by our management.  Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words, and similar expressions are intended to identify such forward-looking statements.  These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements.  Information concerning factors that could cause the Company’s actual results to differ materially from those contained in these forward-looking statements can be found in the Company’s periodic reports on Form 10-K and Form 10-Q, and in its Current Reports on Form 8-K, filed with the Securities and Exchange Commission. Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.  

EX-99.2

	Recent Stock Price (8/7/12)	$2.70
	Market Capitalization	$34.2 mil.
	Shares Outstanding	12.7 mil.
	Fiscal Year-End	Dec. 31

OTC/BB: FCHS

www.myfchs.com

First Choice Healthcare Solutions (FCHS) is taking a fresh, innovative approach to the management of medical group practices by forming a network of efficient, professional Multi-Specialty Medical Centers through the acquisition of solo or group practices, or by developing new ones from the ground up. FCHS provides a broad range of high-quality management services to each Multi-Specialty Medical Center. Each center will be comprised of a mix of medical specialists to include orthopedics, neurology and pain management, and potentially others, with high usage of certain ancillary services. The Multi-Specialty Medical Centers will be housed in state-of-the-art facilities that will accommodate an array of diagnostic and rehabilitative services. This model allows physicians to focus on practicing medicine while providing patients with high-quality care and a superior experience. FCHS completed the acquisition of its first Multi-Specialty Medical Center in April 2012.

INVESTMENT HIGHLIGHTS

Ø 2Q12 Financial Results: Generated medical revenue of $909,617 and positive operating income in first quarter of ownership of flagship Multi-Specialty Medical Center with facility operating at less than 10% of capacity.

Ø Leveraging Unprecedented Fundamental Shifts in the Multibillion-Dollar Healthcare Sector: Changes in the field of medicine are making it increasingly attractive from operational and financial standpoints for physicians to join FCHS Multi-Specialty Medical Centers to handle non-clinical practice management and drive efficiencies.

Ø Highly Scalable, Capital-efficient Business Model: FCHS expects its business model is scalable for expansion, and will produce fairly consistent and predictable cash flow from operations. The Company anticipates a benefit from economies of scale as new centers are added.

Ø Drives Practice Revenues and Operational Efficiencies, Captures Ancillary Services Revenues: Each center will include ancillary diagnostic and rehabilitative services that are frequently used by physicians in the Multi-Specialty Medical Centers, which support higher practice revenues and physician compensation.

Ø Proven Management Team: Executives have a history of successes and extensive sector-specific experience.

Ø Tremendous Growth Potential: Given the large number of physician group practices (100 centers would account for less than 1% of U.S. physicians), FCHS envisions virtually unlimited growth opportunities.

 FAVORABLE INDUSTRY DYNAMICS & COMPETITIVE ADVANTAGES 

Physicians are burdened with rising costs and increasing time commitments related to non-clinical administrative functions such as overhead, staffing and regulatory compliance – without increases in patient reimbursement. Results: Less time for practicing medicine, higher patient dissatisfaction and an inability to maximize efficiencies.

At the same time, physicians face limited career options. They can join a hospital staff making them a cogs in the hospital system with a salary the effectively caps their income, join a traditional group practice, maintain their status quo and go it alone, or retire.

THE FCHS SOLUTION benefits physicians and patients. FCHS provides each Multi-Specialty Medical Center with:

Ø Proprietary patent-pending suite of reporting and management tools, state-of-the-art patient scheduling, leading-edge billing platform and paperless EMR

Ø Professional certified staffing

Ø High-exposure marketing directed toward primary care physicians as referral sources, as well as direct-to-consumer advertising

Physicians are allowed to retain their independence and focus their full attention on practicing medicine, free from the burden of non-clinical functions. FCHS offers physicians:

Ø First-rate administration functions and staffing in state-of-the-art medical centers

Ø Proven marketing expertise to drive patient acquisition

Ø Increased income from efficiencies

Ø The ability to share in bonuses & profits from FCHS unique business model.

Patients at enjoy a superior experience with a human touch that includes:

Ø Consistently high levels of service from best-in-class physicians

Ø State-of-the-are diagnostic and rehabilitative services in the same facility

Ø On-time appointments in pleasant surroundings

Ø Personalized attention and detail for follow up

Ø Centrally located services=convenient 1-stop shopping

THE FCHS BUSINESS MODEL

FCHS serves as the hub in its business model with the Multi-Specialty Medical Centers as spokes. Each center benefits from financial and operational efficiencies built into a scalable model. This infrastructure allows FCHS to select the most efficient partners and technology available to the medical industry, and bypass the burden and overhead of legacy systems.

FCHS has entered into a strategic arrangement with Medtrx, which offers unmatched expertise in medical billing and collections, to tailor a system specifically to accommodate FCHS Multi-Specialty Medical Centers.

Multi-Specialty Medical Center Model

Physician Structure

Ø Comprised of 8-10 high-performance physicians

Ø Clinical specialties include neurology, orthopedics and pain management, among other

Ø User of diagnostic equipment

Facility

Ø MRI, ultrasound, physical therapy, CT, aquatic therapy, sports therapy and X-Ray

Ø Capture revenue that is otherwise lost to others

Ø Revenues pooled and shared – 100% compliant with state and federal regulations

Multi-Specialty Medical Center Acquisition Profile

Direct acquisition costs of $500,000-$1 million Capital improvements

Ø $2-$3M leasehold improvements

Ø $2.5-$3M in diagnostic and rehabilitation equipment

Operational in 4-6 months including physician and site selection, vendor lead time and credentialing

Expansion Plan

2012: Flagship Center fully operational

2013: 2 additional centers

2015: 6-8 additional centers

MANAGEMENT TEAM 

Chris Romandetti, President & CEO

Ø Medical practice consultant since 2007

Ø Managing member of Marina Towers, LLC since 2003

Ø	Managing Member of C&K, LLC – property management company
Ø	Director of Sunrise Bank

Kris Jones, VP of Medical Operations

Ø Previous director of multi-specialty, multi-physician, multi-location medical practice

Ø Experience in building efficiencies in acquired medical practices and streamlining cutting-edge technology solutions

Ø Human resources and staffing

Donald Bittar, CFO, Treasurer, Secretary & Director

Ø Previous President & Chairman of Associated Mortgage of North America, Inc., President of DA Bittar and Associates, Inc., and President & Chairman of Marine Telephone, Inc.

Ø Adjunct Professor at Florida Institute of Technology

Ø Frequent speaker at the National Association of Mortgage Bankers, National Council of Savings Institutions, Council of Presidents, New England Bankers Association and the National Corporate Cash Managers Association

RECENT MILESTONES

Ø	Completed $7.55M refinance of corporate headquarters
Ø	Obtained $500,000 revolving line of credit
Ø	Acquired flagship Multi-Specialty Medical Center in 4/2/12
Ø	Executed agreement with GE for $2.65M for equipment and build-out of ancillary facility

FINANCIAL HIGHLIGHTS  

	2Q12			2Q11
Total Revenues	$	1,192,033		$	384,518
Net Patient Service Revenue		909,617			-
Rental Revenue		282,416			384,518
Operating Expenses		1,162,202			304,216
Net Income from Operations		29,831			80,302
Net (loss) Income	$	(105,883	)	$	56,304

CONTACTS

At the Company:	Company Address:	Investor Contact:
Chris Romandetti, CEO	709 S. Harbor City Blvd.	Kris Jones
321-725-0090	Melbourne, FL 32901	kris@myfchs.com 800-914-0090 ex 131

The information contained herein was obtained from the management of First Choice Healthcare Solutions and other sources believed to be reliable. This does not constitute the solicitation of the purchase or sale of securities. Except for the historical information contained herein, the matters discussed in this document are forward-looking statements, the accuracy of which is subject to risks and uncertainties. Such forward-looking statements are based on current expectations, estimates, and projections about our industry, management beliefs, and certain assumptions made by our management.  Words such as “anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,” “estimates,” variations of such words, and similar expressions are intended to identify such forward-looking statements.  These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict; therefore, actual results may differ materially from those expressed or forecasted in any such forward-looking statements.  Please see First Choice’s most recent Form 10-K and Forms 10-Q for additional information about the company and related risks. Unless required by law, we undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events, or otherwise to reflect future events or circumstances or reflect the occurrence of unanticipated events.   August 2012