American CareSource Holdings Signs New Client Agreement With Emerald Health Network
04 6월 2008 - 8:05PM
Marketwired
DALLAS, TX announced today it has signed a new agreement with
Emerald Health Network (EHN) to provide ancillary care services to
EHN's Preferred Provider Organization (PPO) and payor client base.
Emerald Health Network is one of Ohio's premier PPO networks and
has served as a leading healthcare solutions company for both the
employer and provider communities since 1983.
Under the agreement, American CareSource will make its growing
array of ancillary care services available to Emerald Health's
clients through its network of ancillary care providers. American
CareSource expects to realize an estimated $1 million in additional
annual revenue once the agreement is fully implemented.
Commenting on today's news, David S. Boone, Chief Executive
Officer of American CareSource, stated, "We are very pleased to
have added EHN, one of the strongest PPOs in the Midwest, to our
client roster, and look forward to bringing our services to their
growing constituency. As a result of this new relationship, we will
have the unique opportunity to provide EHN's customer base with
high quality benefit offerings while, at the same time, helping to
reduce the overall cost of ancillary care services."
About Ancillary Healthcare Services
American CareSource provides ancillary healthcare services
through its network that offers cost effective alternatives to
physician and hospital-based services. This market is estimated at
$574 billion, and has grown to 30% of total national health
expenditures. These providers offer services in over 30 categories,
including laboratories, dialysis centers, free-standing diagnostic
imaging centers, non-hospital surgery centers, as well as durable
medical equipment such as orthotics and prosthetics, and
others.
About American CareSource Holdings, Inc.
American CareSource Holdings, the first national, publicly
traded ancillary care network services company offers a
comprehensive national network of approximately 2,500 ancillary
service providers at over 25,000 sites. The Company's ancillary
network and management provides a complete outsourced solution for
a wide variety of healthcare payors and plan sponsors including
self-insured employers, indemnity insurers, PPOs, HMOs, third party
administrators and both federal and local governments.
About Emerald Health
EHN is comprised of 225 hospitals, 2,500+ ancillary providers
and over 30,000 physician locations throughout Ohio and bordering
areas of contiguous states. EHN also offers access to the Interplan
Health Group multi-state provider network, comprised of over
300,000 providers. Additionally, EHN's clients enjoy access to
Superien Health Network, a national network consisting of over
600,000 physicians and hospitals, as well as the Pharmacy Benefit
Manager services of AmeriScript, including more than 57,000
pharmacies nationwide. EHN is a division of The Parker Group, Inc.,
a privately held healthcare services company.
Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995:
Any statements that are not historical facts contained in this
release are forward-looking statements. It is possible that the
assumptions made by American CareSource Holdings, Inc. for purposes
of such statements may not materialize. Actual results may differ
materially from those projected or implied in any forward-looking
statements. Such statements may involve further risks and
uncertainties, including but not limited to those relating to
product demand, pricing, market acceptance, the effect of economic
conditions, and intellectual property rights, and the outcome of
competitive products, risks in product development, the ability to
complete transactions, and other risks identified in this release,
and the Securities and Exchange Commission filings of American
CareSource Holdings, Inc.
Contact: David S. Boone Chief Executive Officer American
CareSource Holdings, Inc. Tel: 972-308-6830
American Caresource Holdings (AMEX:XSI)
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