QMed, Inc. Announces Formal Launch of Forward Health
25 4월 2006 - 11:01PM
PR Newswire (US)
EATONTOWN, N.J., April 25 /PRNewswire-FirstCall/ -- QMed, Inc.
(Nasdaq Symbol: QMED) today announced that it has formalized the
name change for its weight and health management subsidiary,
Forward Health, previously referred to as Health e Monitoring.
Forward Health's highly personalized, interactive program assists
individuals with obesity, metabolic syndrome and related
co-morbidities. Forward Health is actively offering their
integrated services through a variety of business channels as well
as direct-to-consumer. Forward Health entered the market to offer a
powerful solution to the obesity epidemic vastly threatening our
nation. According to the American Obesity Association, obesity and
metabolic syndrome are the leading causes of preventable death in
the U.S., costing the nation between $69-$117 billion per year, as
stated by the Centers for Medicare & Medicaid Services (CMS).
Providing an effective protocol has become a financial and health
priority, with great franchise value. Forward Health's mission is
addressing these weight-related issues as well as the rising trends
of associated chronic conditions, thereby increasing overall
medical health and wellness. "Forward Health offers the best of
'high tech and high touch' solutions," said Randall Burt, Forward
Health President. "Our highly customized program is designed to
help its members manage their weight concerns as well as improve
their overall long-term health. We enable participants to engage in
our services from the convenience and privacy of their home or
office, with online support as well as Personal Health Coaching to
address their core diet and nutrition, exercise and fitness, and
behavior modification needs." Michael W. Cox, QMed President and
CEO, said, "The formalization of the Forward Health name marks
QMed's commitment and continued course to improve the health and
quality of life for our members with engaging support, as we
continue to reduce costs for healthcare providers and health plan
administrators. We have over 20 years experience offering wellness
and care management programs to patients through physicians, and we
are excited to bring this proven expertise to those in need of
medically based health and wellness programs." About QMed, Inc.
QMed provides evidence-based clinical information management
systems around the country to its health plan customers. The system
incorporates Disease Management services to patients and decision
support to physicians. The Company's QMedCare subsidiary
specializes in serving high-risk populations of Medicare
beneficiaries. Forward Health is QMed's subsidiary offering weight,
obesity and health promotion programs. The Company has participated
in two Medicare Demonstrations to test the feasibility of
reimbursing its care coordinated DM services in the vast Medicare
fee-for-service program and one is still in operation. More
information on QMed, Inc. can be obtained at
http://www.qmedinc.com/, by calling 732.544.5544 or by emailing .
About Forward Health Forward Health provides comprehensive weight
management and health improvement programs to individuals with or
at risk of obesity and associated chronic conditions. These
programs are beneficial to health insurance plans, healthcare
companies and employer groups, providing them an effective means of
improving member and employee health while reducing related
healthcare costs. Programs are also offered directly to consumers
and through Registered Dietitians in private practice. More
information on Forward Health can be obtained by calling
732.544.5544 or by emailing . DATASOURCE: QMed, Inc. CONTACT:
Randall Burt, President of Forward Health for QMed, Inc.,
+1-732-544-5544, or Web site: http://www.qmedinc.com/
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