TAMPA, Fla., Aug. 6, 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 expanded its product offering by entering into an agreement with National Consulting & Analysis, LLC ("NCA") whereby PVMS will market and distribute NCA's sleep apnea program throughout the United States. The agreement was effective immediately upon signing and marketing efforts have commenced.
Clark A. Marcus, Chairman and CEO of Advanzeon Solutions, Inc., stated, "We previously announced our agreement with NCA for them to market the Company's pharmacy and behavioral/wellness health programs; now, the Company will be working with NCA in the marketing of its sleep apnea program, known as "The SleepWorks Solution". This represents a major expansion of our programs and a very special affiliation with a premier marketer of healthcare products -- National Consulting & Analysis, LLC."
John Lalli, President of NCA commented, "We are pleased to partner with PVMS in the marketing and distribution of The SleepWorks Solution which will be another cost effective solution to help reduce the rising cost of healthcare. NCA is relentless in our pursuit of quality, cost-saving solutions, and we relish the opportunity to provide our clients with products and programs unique to the marketplace. We are convinced that The SleepWorks Solution offers a creative, competitive solution to the challenge our clients and their members are currently facing with sleep apnea, and we are very excited about the expansion of our affiliation with PVMS. We also believe that our association with Advanzeon's behavioral health program in combination with our sleep apnea program brings quantifiable value to our clients. We are extremely excited and confident of its success in our marketplace."
Clark A. Marcus commented, "We sought out this marketing/distribution agreement, in part, because of our relationship with unions and, particularly, the Teamsters Union, whose main members are commercial drivers. Our pharmacy program, in and of itself, provides unions with significant savings on their general pharmacy needs. The direct relationship between obesity, sleep apnea, high blood pressure, hypertension, diabetes and a significant number of other illnesses requiring medications make our tie-in with NCA a natural. By combining our behavioral health and pharmacy program sales efforts with The SleepWorks Solution we are positioned to open significant pathways to unions, self-insured groups and employer groups by providing the mechanism whereby these groups will be able to cut their overall healthcare costs while at the same time creating a significantly healthier workforce, safer conditions on the road and, literally, save lives. The combination of our programs with NCA's sleep apnea program more than pays for itself in many ways."
About National Consulting & Analysis, LLC
National Consulting & Analysis, LLC (NCA), headquartered in Las Vegas, Nevada, is an employee benefits consulting firm with over 75 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, email us at [email protected] 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.