TAMPA, Fla., July 8, 2015 /PRNewswire/ -- Advanzeon Solutions, Inc.'s (OTC-BB: CHCR), ("Advanzeon" or the "Company") announced today that it has entered into an addendum (the "Addendum") to its Memo of Understanding ("MOU") with the Nevada Health CO-OP (the "CO-OP") (see the Company's announcement dated February 25, 2015). The Addendum enlarges the territory being serviced by Advanzeon in order to include all members of the CO-OP throughout the State of Nevada, and it extends the term of the MOU for the Company's behavioral health services to December 31, 2015.
Mark Heidt, the Company's President, stated, "We are extremely pleased at the confidence and trust given to us by the CO-OP in not only extending the term of our existing agreement to the end of the year, but substantially enlarging the population that we will now be servicing to include all CO-OP members located in Clark County. By reason of the enlarged territory, we are now positioned to service the CO-OP's entire population in the State of Nevada who wish to use Advanzeon's behavioral health services."
About Advanzeon Solutions, Inc.
Established in 1969, Advanzeon 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.
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.
SOURCE Advanzeon Solutions, Inc.