TAMPA, Fla., March 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 National Consulting & Analysis, LLC ("NCA"). The agreement calls for NCA 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.
NCA is an employee benefits consulting firm dedicated to helping employer groups, brokers, TPA's, carriers and others find cost-saving solutions to their health plan problems. It has multi-distribution channels and serves employers in all phases of growth, from startups to firms with more than five-thousand employees. NCA sets itself apart from other consulting firms by an unparalleled commitment to identify for its clients the best healthcare programs available.
John Lalli, President of NCA, stated, "We take pride in identifying for our clients programs that save them substantial sums of money without cost shifting to their employees. We recognize that organizations are under tremendous pressure to control healthcare costs while at the same time offering competitive benefits necessary to attract and retain employees. We are relentless in our pursuit of quality, cost-saving solutions and relish the opportunity to provide our clients with products and programs unique to the marketplace. PVMS' pharmacy program is just such a program, and we are convinced that it offers a creative, competitive solution to the pharmacy benefits management dilemma our clients are currently facing. We are excited to affiliate with PVMS and have already commenced providing them with one of our client's pharmacy spend data for repricing purposes."
Clark A. Marcus, Chairman and CEO of PVMS said, "We are excited about our association with NCA as I know we share a common commitment to generally bringing down the ever-spiraling high cost of healthcare and by attacking that cost, primarily by reducing excessive expenses inherent in pharmacy benefits management programs. Those costs can be reduced dramatically by relatively simple measures, but it takes the cooperation of companies like PVMS and healthcare consultants like NCA, dedicated to their clients, to achieve that goal."
About National Consulting & Analysis, LLC
National Consulting & Analysis, LLC (NCA), headquartered in Murray, Utah, is an employee benefits consulting firm with over 100 years of combined experience in areas such as employee benefits design, PPO network evaluation and other programs that can save self-funded employer groups money without cost-shifting to their employees.
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.
E & E Communications
SOURCE Advanzeon Solutions, Inc.