Press Release Source:
American CareSource Holdings, Inc. On Wednesday January 13, 2010, 8:30 am
DALLAS & CONCORD,
Calif.--(BUSINESS WIRE)--American CareSource Holdings, Inc. (Nasdaq: ANCI
- News),
the nation’s leading ancillary health care system, announced today the
expansion of its chiropractic services with the signing of California-based
ChiroSource, Inc. ChiroSource represents 1,600 chiropractic care providers in
all 50 states and the District of Columbia.
“Back and neck pain
are the most common causes of pain among all medical conditions. Chiropractic
care has been proven to be a safe and effective treatment option,” said
ACS CEO and President David S. Boone. “ChiroSource’s business model
is very similar to ACS in that they contract with the most highly qualified
chiropractors in the country to ensure the best service and value for our
clients. This new partnership is an important addition to our ancillary
provider network as we address the growing demand for chiropractic care. We
look forward to working with ChiroSource to provide quality care to our clients
for many years in the future.”
“ChiroSource and CHPC
have been involved in the effective management of chiropractic claims for over
26 years,” said Vice President Robert Cataldo, Jr. “Our long
history in physical medicine has allowed us to develop systems that are
responsive to the special needs of health plans. Our mission is to provide
prompt, thorough and professionally superior service to our clients and their
members.”
“The ideal ChiroSource
provider is one who provides quality chiropractic care based on reasonable
clinical criteria and who meets ChiroSource’s rigorous credentialing
standards which are very much in line with the standards of credentialing and
provider quality held by ACS,” said Vice President of Provider
Development Cornelia Outten. “Our collective goal is to provide our
clients with access to the best providers available.”
About American CareSource
Holdings, Inc.
American CareSource
Holdings, the first national, publicly traded ancillary care network services
company, offers a comprehensive national network of over 4,100 ancillary
service providers at more than 32,000 sites through its subsidiary, Ancillary
Care Services. Ancillary Care Services provides ancillary health care 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
31 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. The Company's
ancillary network and management provides a complete outsourced solution for a
wide variety of health care payors and plan sponsors including self-insured
employers, indemnity insurers, PPOs, HMOs, third party administrators and both
federal and local governments. For additional information, please visit www.anci-care.com.
About ChiroSource, Inc.
Chiropractic Health Plan of
California (CHPC), a full service chiropractic benefit management company, was
founded in 1986. ChiroSource, Inc. (CSI) was established in 1997 to extend
CHPC’s services beyond the original California service area. Through
ChiroSource, self-insured groups, PPOs and health plans can access the same
high quality services offered by CHPC throughout the United States.
Chiropractic benefits
through CHPC or CSI help increase the health and productivity of your members,
which directly benefits those employers or insurance groups who choose us to
manage their chiropractic benefit. Employee benefit plans with a robust, but
well managed chiropractic benefit significantly reduce claims expenses in other
areas like surgery, prescription drugs and physical therapy. To learn more
about CHPS or CSI, please visit their website at www.chpc.com
or contact Ron Cataldo, Jr. at (800) 680-9997.
Safe Harbor Statement
Under the Private Securities Litigation Reform Act of 1995:
Any statements that are not
historical facts contained in this release, including with respect to future
engagements by clients, revenue growth, earnings, and guidance are
forward-looking statements. It is possible that the assumptions made by
American CareSource Holdings, Inc. for purposes of such statements may prove to
be inaccurate or 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 demand for our services, pricing, market acceptance, our ability to
integrate with our clients, our ability to attract and maintain providers, our
ability to manage growth, the effect of economic, political and regulatory
conditions, the effect of competition, 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:
American
CareSource Holdings, Inc.
Angela Cloud, 972-308-6934
Marketing Manager
acloud@anci-care.com
or
The Cockrell Group
Investor Contact
Rich Cockrell, 404-942-3369
rich.cockrell@thecockrellgroup.com
cockrellgroup.com
