GLENDALE, Calif., March 16, 2012 /PRNewswire/ -- Apollo Medical Holdings, Inc. ("ApolloMed") (OTC-AMEH.PK), a leading provider of hospitalist, critical care and integrated medical management services in California, today announced that ApolloMed Hospitalists, one of its affiliated medical groups, signed a service agreement with Care1st Health Plan to provide inpatient care services to its members at 15 hospitals throughout Los Angeles County.
Care1st, based in Monterey Park, CA, is a regional health plan that provides health care benefits to a combined membership of 350,000 patients in California and Arizona. Initially begun as a Medi-Cal plan in 1994, Care1st expanded into a full service health plan that now offers multiple products, including Medicare Advantage.
"Care1st is well-known in the community as a leading health plan that delivers quality care throughout its network to its members," stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings, Inc. "We look forward to working with management to improve patient care and efficiencies."
About Apollo Medical Holdings, Inc.
ApolloMed is a leading provider of integrated medical management services that improves the quality and efficiency of inpatient hospital care plus multi-disciplinary care management services targeting inefficiencies in healthcare payer and provider networks. The Company's integrated model combines hospitalist medicine, critical care medicine, 24-hour physician call centers, case management and transition management that offers to help healthcare organizations engage in performance payments for utilization efficiency, quality of care objectives and shared accountability arrangements. The company's strategy is to capitalize on the growing market for hospital-based physicians and care management services. There are currently 4900 acute care hospitals in the U.S., with more than 35 million annual admissions. Total U.S. spending on hospital care currently exceeds $650 billion, and is expected to increase to $1.3 trillion by 2016. ApolloMed is located in Glendale, CA and has over 40 contracts with health plans, hospitals and medical groups in Los Angeles County and in Central California.
For more information, please visit our website: www.apollomed.net
SOURCE Apollo Medical Holdings, Inc.