TAMPA, Fla., July 27, 2015 /PRNewswire/ -- Advanzeon Solutions, Inc.'s (OTC-BB: CHCR), (Advanzeon) wholly-owned subsidiary, Pharmacy Value Management Solutions, Inc. (PVMS), and its wholly-owned subsidiary, National Sleep Specialists Network, Inc. (NSSN) (collectively, sometimes referred to as the "Company"), announced today the signing of an Agreements with U.S. HealthWorks Medical Group Prof. Corp. ("U.S. HealthWorks") whereby U.S. HealthWorks agreed to add its over 200 medical locations specializing in occupational medicine, medical examinations and urgent care services to NSSN's growing national provider healthcare network, specializing in sleep apnea programs. This agreement is effective immediately.
Jerry Smith, the Company's Chief Operating Officer, stated, "We believe this collaboration is not only synergistic but will immeasurably enhance our ability to expand our programs and better service our clients. U.S. HealthWorks, a subsidiary of Dignity Health, is one of the country's largest operators of occupational health centers with over 200 clinics and worksites in 20 states serving in excess of 3,380,000 patients, annually. They provide the highest quality of medical care to their patients and, in our view, represent an excellent match for us to service our client base, which includes the Southern California Teamsters (see our release of July 6, 2015). It also facilitates our planned growth in servicing Teamsters throughout the U.S., as well as other corporate accounts having the same sleep apnea concerns. As a national provider of various healthcare programs and, in particular, servicing our Teamsters population with a highly-specialized sleep apnea program, it was critical to us that we identify high-quality providers located throughout the country capable of servicing a mobile population. For our Teamsters population, having a medical group such U.S. HealthWorks available to use in 20 states is ideal. This affiliation has the added benefit of simplifying the Teamsters members in terms of facilitating their being able to obtain timely appointments, necessary under new federal licensing regulations, and obtaining, through the Company, their sleep apnea testing and treatment equipment, when indicated (see our release dated December 29, 2014)."
Mr. Smith went on to say, "100% of the Drivers covered by the federal regulation are required to undergo testing and subsequent treatment when indicated. The Company's sleep apnea program is structured in such a way as to provide our members, firstly, with their initial screening to determine if they exhibit sleep apnea risk factors. If those factors are found, the Company then assists the patient in obtaining a quick, efficient and cost-effective home sleep study test. If that test indicates the presence of sleep apnea, the Company's program then further facilitates a longer-term treatment program, including the supplying of equipment throughout the applicable periods. The Company's ability to provide this benefit to its clients and potential clients along with the medical facilities located throughout the U.S. is believed by management to be the key to the Company's ultimate and rapid growth. To the best of the Company's knowledge, it is the only Company positioned to provide the full range of services needed for such a program to operate effectively."
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.
About US HealthWorks
U.S. HealthWorks, a subsidiary of Dignity Health, is one of the country's largest operators of occupational healthcare centers. We have over 200 clinics and worksites in 20 states and more than 3,600 employees, including about 800 medical providers. Our centers collectively serve more than 13,000 patients each day, providing quality medical care to help employees return to work and allow employers to effectively manage claims and reduce lost work time. U.S. HealthWorks also offers special early return-to-work, injury prevention and ergonomics programs.
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.