TAMPA, Fla., Jan. 5, 2015 /PRNewswire/ -- Advanzeon Solutions,
Inc. (OTC:BB:CHCR) ("Advanzeon" or the "Company"), which provides
behavioral health, substance abuse and pharmacy management
services, as well as sleep apnea programs, to employers,
Taft-Hartley health and welfare funds and managed care companies
throughout the U.S. is pleased to announce its January 2015 launch of a new state-wide HMO
contract in Nevada. Under the Agreement, Advanzeon will
provide mental health and substance abuse services to the HMO
throughout the State of
Nevada.
Mark Heidt, President of
Advanzeon Solutions, Inc., stated, "We are pleased to announce this
important new contract with an exceptional HMO, noted for
delivering quality healthcare services. Implementation of the
program started approximately three months ago with the hiring of
Lisa Smithers (see our announcement
of October 27, 2014). This was
followed by important technology upgrades, which were
simultaneously accompanied by our provider relations staff
embarking upon an aggressive program to expand our state-wide
population of providers. Our program launch occurred January 1, 2015 and was remarkable only in that
it took place 'without a hitch.'"
Mr. Heidt added, "We believe we were selected for this task
because we are, in our opinion, truly the 'best of breed' in what
we do with a range of providers and programs second to none. We
feel we bring to our HMO partner a level of expertise,
professionalism and comfort that is exceptional in our industry. We
expect to have a long and mutually beneficial relationship with our
HMO partner and look forward to further expanding our program with
them as time goes on."
About Advanzeon Solutions, Inc.
Established in 1969,
Advanzeon provides behavioral health, substance abuse and pharmacy
management services, as well as sleep apnea programs, for
employers, Taft-Hartley health and welfare Funds, and managed care
companies throughout the United States. Headquartered in
Tampa, Florida, the Company
focuses on personalized attention, flexibility, a commitment to
high-quality services and innovative approaches that address both
the specific needs of clients and changing healthcare industry
demands. For more information, please call 813-288-4808 or
visit our website at www.advanzeon.com
Forward-Looking Statements
Except for statements
of historical fact, the matters discussed in this press release are
forward looking and made pursuant to the Safe Harbor provisions of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements reflect the current beliefs and
expectations of the Company's management, reflect numerous
assumptions, and are subject to significant risks and
uncertainties, many of which are beyond the Company's
control. If any of these underlying beliefs, expectations or
assumptions prove inaccurate or risks or uncertainties materialize,
actual results may differ materially from those set forth in the
forward-looking statements.
These risk factors include, among others, the ability of the
Company to maximize its market share with new pharmacy initiatives,
the ability of the Company's new pharmacy cost-savings program to
guarantee a 10% or more reduction in pharmacy costs, our ability to
achieve expected results from new business and to revolutionize the
pharmacy sector of the healthcare industry, the ability to obtain a
performance bond on satisfactory terms, the ability of the
Company's pharmacy program to promote greater medication adherence
without restricting access to needed medications, technological
advances, challenges in development of new products and services,
new products and services developed by competitors, the Company's
ability to provide superior patient care while increasing its
business and margins as a result of implementing its pharmacy
cost-savings program, general industry conditions and competition,
general economic factors, global trends toward health care cost
containment, the effect of governmental regulation, including
pharmaceutical industry regulation, insurance regulation and health
care legislation, varying trends in member pharmacy utilization,
increases or variations in cost of care, seasonality, our ability
to manage healthcare operating expenses, the profitability (if any)
from capitated pharmacy contracts or other products, and the
Company's ability to obtain additional financing.
Advanzeon undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. Additional risk
factors that could cause results to differ materially from
those described in the forward-looking statements can be found in
the Company's most recent Annual Report on Form 10-K and the
Company's other filings with the Securities and Exchange Commission
(SEC), which are available at the SEC's website at
www.sec.gov.
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SOURCE Advanzeon Solutions, Inc.