TAMPA, Fla., Feb. 18, 2014 /PRNewswire/ -- Advanzeon Solutions, Inc. (OTC:BB: CHCR) ("Advanzeon" or the "Company"), a leading behavioral health, wellness and pharmacy management provider for employers, Taft-Hartley health and welfare funds and managed care companies, today announced that its wholly-owned subsidiary, Pharmacy Value Management Solutions, Inc. ("PVMS"), has entered into an agreement with Rampart Benefit Planning, Inc., part of The Rampart Group, Inc. ("Rampart"). The agreement calls for Rampart to provide sales and marketing services to PVMS in connection with PVMS' unique and innovative pharmacy savings and behavioral/wellness programs, offering its clients a guaranteed minimum savings of ten percent (10%) on their annual pharmacy spend, backed by a performance bond.
Rampart has multiple distribution channels in which to offer the PVMS solution, including, current clients with large, self-insured employee benefit programs; prospective clients that have significant pharmacy benefit expenses to manage; relationships with investment companies that advise large employer groups and the companies in which they invest; associations of professional organizations and a consortium with over 100 institutional members in the New York metropolitan area. Servicing self-insured groups, unions, commercial businesses and municipalities, Rampart sets itself apart from other insurance brokerage agencies and consultants by an unparalleled commitment to its clients and a strong sense of its history.
Ramon Martinez, President of PVMS said, "Rampart and PVMS share a common commitment to provide access to affordable, high-quality healthcare to every organization that Rampart and PVMS work with. Lowering pharmacy costs and improving the health and well being of any general population is a key element in achieving that goal. In this time of change and uncertainty for the financing of healthcare programs, I see a tremendous opportunity to take advantage of the synergy between our organizations and do some real good in reducing the costs of healthcare on a national scope."
Mr. Evan Portnoy, President of Rampart Benefit Planning, Inc. stated, "The Rampart organization has a goal of creatively working to reduce the cost of healthcare for our clients, their employees and their dependents while maintaining access to a high level of healthcare coverage. We are relentless in our pursuit of quality cost savings. Part of this goal is to offer group medical products and solutions unique to the marketplace. We have reviewed PVMS' program and are convinced it offers a very creative and competitive solution to the pharmacy benefit management dilemma currently facing our healthcare clients. The opportunity to work with PVMS and its program is very exciting and I look forward to having Rampart participate very actively in the process. We have already identified several situations in which to introduce to the program, and we intend to work diligently to systematically integrate the PVMS solution into our various programs."
"With Rampart's prestigious background, client base and excellent contacts, PVMS anticipates entering into numerous union and other contracts in the coming months," said Mr. Martinez.
About The Rampart Group, Inc.
Rampart, headquartered in Lake Success, New York, is one of the largest and fastest growing, full-service insurance brokerage companies in the nation specializing in providing large, self- insured groups, unions, commercial sector groups and municipalities with exceptional, cost-effective healthcare coverage. With over 40 years of cultivated, exceptional relationships, Rampart delivers the finest, most competitive products in the employee-benefits industry to its clients.
About Advanzeon Solutions, Inc.
Established in 1969, Advanzeon provides behavioral health, substance abuse and pharmacy management services 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
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.