Client Addition
Provides Opportunity to Lower Healthcare Costs for Ecom Covered Lives
Press Release Source:
American CareSource Holdings, Inc. On Monday February 1, 2010, 8:30 am
DALLAS--(BUSINESS WIRE)--American
CareSource Holdings, Inc. (Nasdaq: ANCI
- News),
the nation’s leading ancillary health care system, announced today that
it has signed a new client service agreement with Dallas-based Ecom PPO
Advisors (Ecom) a PPO network optimization organization.
“We are excited about
our new relationship with Ecom,” said David Boone, President and Chief
Executive Officer of American CareSource Holdings. “Through this
partnership, we will provide our leading ancillary network to their growing
list of clients. Ecom’s unique position in the healthcare industry makes
it a key technology solution for increasing the quality of healthcare while
also lowering the cost of care”
“Ecom works
proactively with all of our network partners to ensure the highest level of
performance which results in improved utilization and savings for each of our
clients,” said Rachel Graham, Ecom President and Chief Operating Officer.
“American CareSource Holding’s optimized network of more than
33,000 contracted ancillary provider locations will further enable our clients
to realize significantly higher in-network utilization and incremental per
employee per month medical cost savings.”
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 33,000 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 Ecom PPO Advisors
Ecom PPO Advisors, LLC
(Ecom), a healthcare services company based in Dallas, offers an unprecedented,
industry-changing approach to PPO network savings, analysis, selection and
administration.
Since 1998, Ecom has
navigated health insurance payers through more than 80 nationally recognized
PPO networks to pinpoint which PPO(s) “best-fit” their members
needs based on access and discounts. Ecom has provided a unique primary network
optimization solution for third party administrators (TPA’s),
self-insured groups and payers that utilize rental networks for the primary PPO
plans offered to plan subscribers. The service solution has a proven track
record of achieving substantial medical cost savings and administrative
efficiencies for its clients by focusing on improving in-network utilization
and average discounts while ensuring low provider disruption.
Today, Ecom is a subsidiary
of iHealth Technologies (iHT), which provides cost containment
solutions to commercial and government health care payers. iHT’s
solutions include payment policy management, post payment audit and network
optimization. iHT and Ecom provide healthcare cost containment services
to top-tier payers and healthcare organization clients.
For more details, please
visit www.ecomppo.com.
ANCI-G
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.
Company Contact
Angela Cloud, 972-308-6934
Marketing Manager
www.anci-care.com
or
The Cockrell Group
Investor Contact
Rich Cockrell, 404-942-3369
investorrelations@thecockrellgroup.com
www.cockrellgroup.com