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AMERICAN CARESOURCE HOLDINGS SIGNS NEW CLIENT AGREEMENT WITH EVOLUTIONS HEALTHCARE SYSTEMS
Dallas, Texas – November 6, 2008 -- American CareSource
Holdings, Inc. (Nasdaq: ANCI) announced today that it has implemented a new
client service agreement with Evolutions Healthcare Systems, Inc., one of the
largest independently owned Preferred Provider Organizations (PPOs) offering
healthcare provider access at carrier level discounts in Florida. Under the
agreement, American CareSource will make available its full complement of
ancillary care services to Evolutions’ clients through a network of ancillary
care providers. American CareSource expects to realize an estimated $4 - $6
million in additional annual revenue once the agreement is fully implemented.
Commenting on today’s news, David S. Boone, Chief Executive
Officer of American CareSource, stated, “We are delighted to be working with a
quality PPO such as Evolutions. By providing affordable ancillary healthcare
benefits to Evolutions, we will support their mission of promoting the highest
quality healthcare at the lowest possible costs. Evolutions’ strong local presence
will also allow us to gain an important foothold in Florida.”
Edward Johnes, Chief Executive Officer of Evolutions
Healthcare Systems, stated, “Our partnership with American CareSource will
provide our clients with enhanced access to high quality ancillary providers at
affordable costs.”
About Ancillary Healthcare Services
American CareSource provides ancillary healthcare services
through its network that offers cost effective alternatives to physician and
hospital-based services. This market is estimated at $574 billion, and has
grown to 30% of total national health expenditures.
These providers offer services in over 30 categories, including laboratories,
dialysis centers, free-standing diagnostic imaging centers, non-hospital
surgery centers, as well as durable medical equipment such as orthotics and
prosthetics, and others.
About American CareSource Holdings, Inc.
American
CareSource Holdings, the first national, publicly traded ancillary care network
services company offers a comprehensive national network of approximately 2,500
ancillary service providers at over 25,000 sites. The Company's ancillary
network and management provides a complete outsourced solution for a wide
variety of healthcare payors and plan sponsors including self-insured
employers, indemnity insurers, PPOs, HMOs, third party administrators and both
federal and local governments. For additional information, please visit www.anci-care.com.
About Evolutions Healthcare
Systems
Evolutions is Florida’s largest and strongest independent PPO network serving
Self-Insured Employers, Insurance Carriers and Third Party Administrators. Based
in New Port Richey, Florida, the company has been
privately held since 1992. Evolutions has built a solid reputation for robust
technology driven solutions for its Commercial, Health Carrier and Municipal
clients. Evolutions is a strong national network company with a focus on the
Florida self-insured and mid-range carrier markets. For over 15 years, the
company has developed innovative and competitive network solutions for its
clients delivering the best doctors and the best hospitals at absolutely the
best price. For additional information, please visit www.ehsppo.com.
Safe Harbor Statement Under the Private Securities
Litigation Reform Act of 1995:
Any statements that are not historical facts contained in
this release are forward-looking statements. It is possible that the
assumptions made by American CareSource Holdings, Inc. for purposes of such
statements may not materialize. Actual results may differ materially from those
projected or implied in any forward-looking statements. Such statements may
involve further risks and uncertainties, including but not limited to those
relating to product demand, pricing, market acceptance, the effect of economic
conditions, and intellectual property rights, and the outcome of competitive
products, risks in product development, the ability to complete transactions,
and other risks identified in this release, and the Securities and Exchange
Commission filings of American CareSource Holdings, Inc.
Evolutions Healthcare Systems Announces Enhanced Electronic Claims Capabilities
New Port Richey, Florida, March 21, 2007 – Evolutions Healthcare Systems can now receive professional and institutional claims electronically via Payer ID 59313. Via our Clearinghouse partners, including Availity, SSI Group, IPN/Emdeon et al, Evolutions now has connections with nearly 600 practice management systems and clearinghouse vendors. Evolutions welcomes our network providers to check with their system vendors and/or clearinghouse vendors for their published list of Payer connections to determine the most effective route of submitting electronic claims for Evolutions members.
Evolutions Healthcare Systems & Dimension Health Sign Agreement to Expand the Prime Network -- Partnership expands the Prime Network in Miami/Palm Beach Area --
New Port Richey, Florida, October 5, 2005 – Evolutions Healthcare Systems today announced the signing of a comprehensive network agreement with Dimension Health of Miami Lakes, Florida. Under the terms of the agreement, the Dimension Health Network, consisting of more than 50 hospitals and over 6,000 providers in Dade, Broward, and Palm Beach counties, will be accessible as an integral part of the Evolutions Prime Network in Southeast Florida.
“The launch of the Prime Network in Southeast Florida represents a significant milestone toward delivering a statewide PPO solution capable of competing with the largest carriers, “said Ed Johnes, Evolutions CEO. “The Dimension Plus Network is the highest value PPO solution in Southeast Florida, and we’re very excited to be combining the strengths of these two organizations in conjunction with the Evolutions Prime Network of providers and services.”
Dimension Health is a hospital sponsored Preferred Provider Organization (PPO) founded by the leading hospitals in their communities. With a commitment to meeting local employers' needs for managed health care options, they pooled their resources, focusing on the high standards of medical excellence they shared. With this commitment to quality they founded Dimension Health, an exceptional group of hospitals, physicians and ancillary providers. www.dimensionhealth.com
Evolutions Healthcare Systems, a Florida Corporation, is one of the largest independently owned Preferred Provider Organizations (PPO) offering healthcare provider access at carrier level discounts in Florida and expanded network coverage at over 600,000 healthcare providers 4,000 hospitals, and 40,000 ancillary facilities nationwide. Learn more at www.ehsppo.com.
Evolutions Healthcare Systems reports local PPO solution exceeds 60,000 members --Substantial Growth shift toward Carrier Alternative PPO Solution--
New Port Richey, FL, February 18, 2005 – Evolutions Healthcare Systems today announced that plan participation in the Prime Network has exceeded 60,000 local members. “Our anticipated growth is attributable to the price value proposition offered by the Prime Network,” said Ed Johnes, Evolutions CEO. “We’ve attracted the attention of some very large and fairly sophisticated buyers of employee health care services including All Children’s Hospital, University Community Hospital System, and The BayCare Health System, as clients based on our demonstrated ability to deliver comprehensive medical coverage and medical cost savings.”
The Prime Network, an independent health care delivery system of more than 30 hospitals and over 6,700 providers in the Tampa Bay Metro Area, is designed for self-insured commercial and government health plans seeking comprehensive medical services and savings. The Prime Network is available through a variety of local and national Third Party Administrators, offering highly effective administrative services, medical management controls, and aggressive stop-loss coverage at competitive rates.
Evolutions Healthcare Systems, a Florida Corporation, is one of the largest independently owned Preferred Provider Organizations (PPO) offering healthcare provider access at carrier level discounts in Florida, with expanded network coverage at over 600,000 healthcare providers 4,000 hospitals, and 40,000 ancillary facilities nationwide.
Evolutions Healthcare Systems Announces Expanded PPO Coverage for Prime and Select Networks
New Port Richey, FL, July 30, 2004 – Evolutions Healthcare Systems today announced the expansion of their core products, the Prime and Select Preferred Provider Networks (PPO), to include the addition of the Prime Plus and Select Plus network options.
The Prime Network, a highly rated Florida Network providing carrier-level savings at local hospitals and providers, can now be extended using the Prime Plus option, offering a fully integrated complementary network for national provider coverage. In a similar manner, The Select Network, Evolutions’ National PPO Provider Network is complemented by the Select Plus option, offering a multi-network extension to the core network by more than 200,000 additional providers. The Select Plus Network had previously been known as the Advantage Network.
“The Prime Plus and Select Plus network options provide a very high degree of flexibility in network design,” said Ed Johnes, Evolutions Co-CEO and Chief Marketing Officer. “While at the same time, our claims repricing and directory services can support these new capabilities in a fully integrated and seamless manner for our clients.”
Evolutions Healthcare Systems is one of the largest independently owned Preferred Provider Organization (PPO) offering healthcare provider access at carrier level discounts in Florida, with expanded network coverage at over 600,000 healthcare providers 4,000 hospitals, and 40,000 ancillary facilities nationwide.
Evolutions Healthcare Systems & BayCare Health System Sign Strategic Provider Network Agreement -- Combination supports Carrier Independent PPO Network --
New Port Richey, FL, May 27, 2004 – Evolutions Healthcare Systems today announced the completion of a definitive Preferred Provider Network (PPO) Agreement with the BayCare Health System, a joint operating alliance of seven private, not-for-profit hospitals in the Florida Counties of Pinellas and Hillsborough. The agreement formalizes a year old operating agreement providing for participation by the BayCare hospitals in the Evolutions Prime Network throughout West Central Florida.
The Prime Network, consisting of more than 30 local hospitals and over 6,700 providers in the Tampa Bay Metro Area, provides self-funded commercial and government health plans with comprehensive access to carrier-level discounts. The Prime Network is available through a variety of Third Party Administrators, offering highly effective cost & medical management services, at very competitive rates.
Evolutions Healthcare Systems is one of the largest independently owned Preferred Provider Organization (PPO) offering healthcare provider access at carrier level discounts in Florida, with expanded network coverage at over 600,000 healthcare providers 4,000 hospitals, and 40,000 ancillary facilities nationwide.
BayCare Health System is the fifth largest not-for-profit health system in the U.S. – and one of the largest employers in the Tampa Bay area including seven area-leading hospitals, 16,000 employees, and 2,622 total beds.
Evolutions Forges Strategic Relationship with Fiserv Health
New Port Richey, FL February 19, 2004 – Evolutions
Healthcare Systems has executed an agreement with Fiserv Health, a division of
Fiserv Inc., to offer health plan administration services using Evolutions’
Preferred Provider (PPO) networks.
The agreement allows all five Fiserv Health plan
administration subsidiaries including: Benefit Planners, Benesight, Fiserv
Health, Harrington Benefit Services, and Wausau Benefits, to offer their
services in conjunction with Evolutions networks, including the Prime Network
which competes directly with the largest carrier-based networks within the
State of Florida.
“The timing is right for a solution that significantly
increases the competition for self-funded commercial and government health
plans”, said Ed Johnes, Evolutions Co-CEO.
“Healthcare is about offering service and quality at an affordable price
and together we’re bringing a total solution to the market.”
EvolutionsHealthcare Systems is one of the largest independently owned Preferred Provider
Organization (PPO) offering healthcare provider access at carrier level
discounts in Florida, with expanded network coverage at over 600,000 Healthcare
Providers 4,000 Hospitals, and 40,000 Ancillary Facilities nationwide.
Fiserv Health, is a division of Fiserv, Inc., and has five
national brands for health plan administration – Benefit Planners, Benesight,
Fiserv Health, Harrington Benefit Services, and Wausau Benefits. These units offer health plan management,
pharmacy benefits management, and business process outsourcing services to
self-funded commercial and government employers and health plans. www.fiserv.com.
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