TAMPA, Fla., April 29, 2013 /PRNewswire/ -- Comprehensive Care Corporation (OTC BB: CHCR), a leading behavioral health, substance abuse and pharmacy management provider for employers, Taft-Hartley health and welfare Funds, managed care companies, third party administrators, and union–sponsored benefit plans today announced that Ramon Martinez, a U.S. Air Force Lieutenant Colonel, retired, who had been spearheading the Company's new, innovative pharmacy cost containment program as a Senior Management Advisor, has been named President of CompCare Pharmacy Solutions, Inc., a wholly-owned subsidiary dedicated to marketing CompCare's pharmacy program, which provides guaranteed savings of at least 10 percent to businesses and unions.
"Colonel Martinez was instrumental in securing CompCare's ability to guarantee the successful delivery of pharmacy benefits with cost savings to the client backed by a performance bond issued by a surety company," said Clark A. Marcus, CompCare's Chairman and CEO. "He has been an effective, persuasive proponent of our revolutionary new plan at key sales meetings, and he helped to develop a sales force of executives knowledgeable in pharmacy benefits. Moreover, Colonel Martinez has used his background and experience to introduce the Company to key government officials on both state and local levels."
"Working as a consultant, Colonel Martinez helped CompCare develop the business structure of its pharmacy benefits program. He is a skilled businessman, extraordinarily organized, and a tireless leader with contacts in both business and labor that are proving invaluable in building total brand value and marketing our pharmacy benefits program," Mr. Marcus said.
"We believe we have laid a solid foundation to deliver CompCare's unique at-risk pharmacy savings program as well as offer our clients greater budget predictably," Colonel Martinez said. "CompCare is so sure about the effectiveness of its program that it backs each contract with a fully guaranteed performance bond. This assures clients that we will deliver the value promised at significantly lower costs from their previous years' pharmacy spend."
Peering into the future, Colonel Martinez said, "We expect to put all of the components in place as well as position and connect the right collaborative partners in order to develop and offer a seamless and integrated suite of solutions that we are confident will actually provide more affordable, accessible and high quality health care and pharmacy benefits. We project CompCare's pharmacy program to play a significant role in revolutionizing health care in the U.S."
During his first 100 days as President, Colonel Martinez affirmed that he plans to connect with the Board of Directors, CEO, and stakeholders to help set and properly align shared expectations as well as define the challenges in moving forward. Colonel Martinez stated: "I will focus on crafting an agenda with priorities, building our brand, delivering the value promised to our clients, and strengthening the connection with our network partners. I believe all these will prove of great value to the Company's investors."
Colonel Martinez earned a Master of Arts degree in philosophy from the University of California at Santa Barbara, a Master's degree in public administration from the University of Northern Colorado, and a Bachelor of Arts degree in philosophy and geography from California State University at Long Beach.
He served a twenty-year military career in the regular component of the US Air Force and his positions included Combat Crew Commander, Test Director and Program Manager of Inter-Continental Ballistic Missiles; Assistant Professor of Philosophy at the US Air Force Academy; Deputy Secretary of the Inter-American Defense Board; US National Defense Fellow; Chief of Latin American Strategy of US Southern Command and Interim Director of the US Southern Command Washington Field Office.
Colonel Martinez entered the private sector as Vice President at Genetics & IVF Institute in Virginia, subsequently serving as Assistant Director of Strategic Planning at the South Florida Workforce Board, adjunct professor of philosophy at Miami-Dade Community College, and as a consultant working on Homeland Security issues. He also served as president/CEO of Progreso Latino, Inc., the state of Rhode Island's flagship Latino empowerment agency and largest bilingual, multi-cultural community based organization.
He is the recipient of the Hispanic American Chamber of Commerce of Rhode Island Community Leader of 2009; National Association for the Advancement of Colored People (NAACP) Providence Branch Thurgood Marshall Award of 2008; 2008 Service Person of the Year Award of Sigma Nu Chapter Omega Psi Phi Fraternity, Inc. and The Providence Phoenix Newspaper Local Hero of 2008. He is co-founder and former vice-chair of the Board of Directors of the Rhode Island Mayoral Academies, which the US Secretary of Education lauded as a nationally unique paradigm for public education excellence with a mayor-led regional network of public charter schools serving underserved students.
About Comprehensive Care Corporation
Established in 1969, CompCare provides behavioral health, substance abuse and pharmacy management services for employers, Taft-Hartley health and welfare Funds, managed care companies, third party administrators, and union–sponsored benefit plans throughout the United States. Headquartered in Tampa, Florida, CompCare 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.compcare.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 numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond CompCare's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, the ability of CompCare to maximize its market share with new pharmacy initiatives, the ability of CompCare's new pharmacy cost-savings program to guarantee a 10% or more reduction in pharmacy costs, the ability of CompCare's pharmacy program to promote greater medication adherence without restricting access to needed medications, the ability of CompCare's pharmacy cost-savings program to revolutionize the pharmacy sector of the healthcare industry, CompCare's ability to provide superior patient care while increasing its business and margins as a result of implementing its pharmacy cost-savings program, the ability to obtain a performance bond on satisfactory terms, the ability of CompCare and its staff to execute its business plan, the ability of CompCare to offer and sell any of its products at a profit, changes in local, regional, and national economic and political conditions, the effect of governmental regulation, competitive market conditions, varying trends in member pharmacy utilization, our ability to manage healthcare operating expenses, our ability to achieve expected results from new business, the profitability, if any, from capitated pharmacy contracts or other products, increases or variations in cost of care, seasonality, CompCare's ability to obtain additional financing, and additional risk factors as discussed in the reports filed by the company with the Securities and Exchange Commission, which are available on its website at www.sec.gov. Any forward- looking statement in this release speaks only as of the date on which it is made. CompCare assumes no obligation to update or revise any forward-looking statements.
E & E Communications
SOURCE Comprehensive Care Corporation