TAMPA, Fla., Nov. 23, 2015 /PRNewswire/ -- Advanzeon Solutions, Inc. (OTCBB: CHCR), ("Advanzeon") announced today that, through its wholly-owned subsidiary, Pharmacy Value Management Solutions, Inc. ("PVMS") (collectively, sometimes referred to as the "Company"), it has signed an agreement with Ultimate Consultation, Inc. ("UCI") to market, promote, and participate in operating the Company's SleepMaster Solutions™ sleep apnea program to a wide variety of medical service providers providing care to individuals with "Special Needs." These include developmentally disabled, mental health, substance abuse, and a variety of other individuals requiring specialized care. The Agreement is effective immediately. The initial population being earmarked for the home sleep apnea testing program totals approximately 2,000, with testing planned to commence December 15, 2015. The first round of testing is projected to generate gross revenue of approximately $2.8 million. Additional patient testing will be added as quickly as manpower and availability of testing equipment permits.
This engagement provides that UCI will introduce the Company's innovative sleep apnea diagnostic and treatment program (the "Program") as its exclusive sleep apnea program along with its other healthcare products servicing various Special Needs agencies throughout the State of New York. The Special Needs population has, traditionally, when tested, demonstrated a high instance of obstructive sleep apnea ("OSA"). Unfortunately, testing of this group has not traditionally been the norm and a large segment of this population goes undiagnosed as sufferers of OSA. UCI has a long and distinguished history of providing clinical care to the Special Needs communities. UCI currently services Special Needs agencies who collectively service tens of thousands Special Needs patients. For the past two months, prior to the signing of the above Agreement, members of UCI's staff have been training with the Company's staff in New York, learning the intricacies of providing the Program to their various end users.
Jerry Smith, Advanzeon's Chief Operating Officer, stated, "We have long been aware that our sleep apnea program has tremendous application in the Special Needs communities. We are also very familiar with UCI's strong position as a premier servicer of the Special Needs communities. This relationship with UCI allows us to dramatically advance our mission of implementing our Program, quickly, to a vast group of end users. The relationship also allows us to provide our services in a manner consistent with the specialized needs for this very special group. The Program will be delivered in various settings, including group homes, specialized clinics, day treatment programs and other specialized care settings. Through this relationship with UCI, we expect our customer volume to grow rapidly and to significantly widen our geographic footprint in the Northeast commercial markets. Phase one is scheduled to commence December 15, 2015, with major regional hospitals and clinics currently servicing the Special Needs agencies. We believe that a significant number of the Special Needs population being serviced by UCI will require an initial home sleep apnea test with a significant number of the population being tested requiring long-term sleep apnea treatment."
Dr. Eric Plaue, CEO of Ultimate Consultation, Inc., states "We are thrilled to be part of the PVMS family and we are excited at the opportunity to implement these great programs throughout the Special Needs communities. Our long history of providing clinical services throughout these communities and our familiarity with their intricate needs places us in a great position to successfully market and implement the SleepMaster Solutions™ Program to a wide variety of providers. Our initial research gives us excellent reason to anticipate a very positive response to the Program by both the providers and patients."
About Advanzeon Solutions, Inc.
Established in 1969, Advanzeon, directly and through its subsidiaries, provides behavioral health, substance abuse and pharmacy management services, as well as sleep apnea programs, 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 813-367-9080 or visit our website at www.advanzeon.com.
About Ultimate Consultation, Inc.
Ultimate Consultation is a premier medical and psychiatric recruitment and consultation agency serving the greater New York area. Ultimate Consultation provides full-service recruitment, staffing and consultation for medical and allied health care needs and has been servicing hospitals and clinics since 1988.
This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to the Company. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these statements. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.
SOURCE Advanzeon Solutions, Inc.