Comprehensive Care Corporation Announces Strategic Partnership With Major Health Care Data Analytics Company

Sep 27, 2011, 05:02 ET from Comprehensive Care Corporation

TAMPA, Fla., Sept. 27, 2011 /PRNewswire/ -- Comprehensive Care Corporation (OTC BB: CHCR), which provides behavioral health, substance abuse and psychotropic pharmacy management services for managed care companies throughout the U.S., today announced a strategic partnership with Care Management Technologies (CMT), Morrisville, North Carolina.

CMT, a specialized health information technology company, will provide to CompCare data and analytics support in its effort to better integrate behavioral health, medical and pharmaceutical care for consumers, while also reducing drug distribution and administrative costs.  "CMT can target patients who are at-risk for poor health outcomes because of inappropriate medications or patients with more than one disorder who need specialized treatment," said Clark A. Marcus, CompCare's Chairman and CEO.

"CMT, one of the best analytic companies in the sector, will provide synergy for our focus on integrated care and 'wellness,' including keeping the patient optimally healthy, while decreasing the need for expensive behavioral intervention and pharmaceutical interventions.  We are pleased to announce this alliance which will also allow us to work toward our goal of reducing the use of inappropriate emergency room admissions and excessive lengths of hospital stays.  We believe that CompCare is not only at the forefront of recognizing the relationship between poor general health and behavioral health problems, but, more to the point, we are in the forefront of developing ancillary programs aimed at reducing those problems from inception – wellness.  Health information technology and analytics will play a vital role in achieving these important goals," Mr. Marcus said.

"Care Management Technologies is delighted to be Comprehensive Care's partner in the important work being done in Puerto Rico.  We look forward to this alliance, and to helping improve behavioral health care for the people of Puerto Rico," says Carol Duncan Clayton, PhD, CMT's President.

About Care Management Technologies:

Care Management Technologies, Inc. (www.cmthealthcare.com), with broad clinical experience and extensive experience in behavioral health, provides proprietary health information technology that delivers actionable information to clinicians with the dual aim of improving quality of care and reducing costs.  

About CompCare:

Established in 1969, CompCare provides behavioral health, substance abuse and psychotropic pharmacy management services for managed care companies throughout the United States. Headquartered in Tampa, Florida, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches to behavioral health 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.  

Forward-Looking Statements

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 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 utilization, our ability to manage healthcare operating expenses, our ability to achieve expected results from new business, the profitability, if any, of our capitated contracts or other products, increases or variations in cost of care, seasonality, and 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.

Investor Contacts:
Paul Knopick
E & E Communications
pknopick@eandecommunications.com
949.707.5365

SOURCE Comprehensive Care Corporation



RELATED LINKS

http://www.compcare.com


http://www.cmthealthcare.com