GLENDALE, Calif., Sept. 16, 2013 /PRNewswire/ -- Apollo
Medical Holdings, Inc. ("ApolloMed") (OTCQB:AMEH), a
physician-centric integrated healthcare delivery company,'
today announced that Integrated Healthcare Holdings, Inc. (OTCBB:
IHCH) ("IHHI") has signed a hospital ACO (Accountable Care
Organization) participation agreement with ApolloMed ACO in
Orange County, California.
Based in Santa Ana, California,
IHHI is a publicly traded hospital management company that owns and
operates four hospital facilities in Orange County, California: 282-bed
Western Medical Center in Santa
Ana, 188-bed Western Medical Center in Anaheim, 178-bed Coastal Communities Hospital
in Santa Ana and 114-bed Chapman
Medical Center in Orange.
Under the terms of the agreement, ApolloMed and IHHI will
partner to provide ACO patients with high quality care focused on
achieving better outcomes at lower costs. ApolloMed will also
work with IHHI aligned providers to share clinical data, manage
high-risk patients, coordinate care across each patient's full care
continuum and to establish quality benchmarks for the delivery of
highly attentive care.
"We are very pleased that IHHI has elected to team its hospitals
with ApolloMed ACO," stated Warren
Hosseinion, M.D., Chief Executive Officer of Apollo Medical
Holdings, Inc. "We look forward to working with our network of ACO
physicians in Orange County, as
well as IHHI's hospital case managers, nursing staff and hospital
administrators to enhance patient care and efficiencies, and to
share in the cost savings we realize as a result of our concerted
efforts."
According to the L.E.K. Consulting Strategic Hospital
Priorities Study, published in April
2013, the most critical initiatives of hospitals' strategic
plans in 2013 continue to be "cost management," "data connectivity
across the spectrum of clinical care," and "utilization of outcomes
data." The survey tracked disruptions to traditional
healthcare models that have been underway for the past few years
and found that ACOs are taking hold with over 80% of surveyed
hospitals making future plans to join or are already participating
in an ACO.
"The success of healthcare reform rests on transforming into a
more effective, cost-efficient healthcare system," stated
Kenneth Westbrook, Chief Executive
Officer and President of Integrated Healthcare Holdings, Inc. "By
leveraging ApolloMed ACO's coordinated care platform, IHHI looks
forward to identifying opportunities to further enhance the high
quality metrics and outcomes of our patients' care, and, in the
process, to increase our competitive edge in the markets we
serve."
About Apollo Medical Holdings, Inc. (ApolloMed)
Headquartered in Glendale,
California and dedicated to putting the 'Patient First,'
ApolloMed is a leading provider of physician-centric integrated
healthcare management services, fueled by its commitment to provide
exceptional multi-disciplinary care in the communities it serves in
Southern and Central California. ApolloMed is addressing the
healthcare needs of the nation's largest population center by
leveraging its integrated healthcare delivery platform comprised of
three affiliated and complementary physician groups:
ApolloMed Hospitalists, ApolloMed ACO (Accountable Care
Organization) and Maverick Medical Group (Independent Physician
Association). This platform combines hospitalist medicine,
critical care medicine, case management and transition management
that enable healthcare organizations to engage in performance
payments for utilization efficiency, quality of care objectives and
shared accountability arrangements. ApolloMed strives to
improve medical outcomes with high quality, cost efficient
care. For more information, please
visit www.apollomed.net.
Forward Looking Statements
This press release may contain forward-looking statements,
including information about management's view of future
expectations, plans and prospects for Apollo Medical Holdings, Inc.
("the Company"). In particular, when used in the preceding
discussion, the words "predicts," "believes," "expects," "intends,"
"seeks," "estimates," "plans," "anticipates," and similar
conditional expressions or future or conditional verbs such as
"will," "may," "might," "should," "would" and "could" are intended
to identify forward-looking statements. In addition, our
representatives may from time to time make oral forward-looking
statements. Any such statements, other than those of
historical fact, about an action, event or development, are
forward-looking statements. Such statements are based on the
current expectations and certain assumptions of the Company's
management. Such statements are, therefore, subject to a
variety of known and unknown risks, uncertainties and other
factors, many of which are beyond the control of the Company, which
could cause the actual results, performance or achievements of the
Company, its subsidiaries and concepts to be materially different
than those that may be expressed or implied in such statements or
anticipated on the basis of historical trends. Should one or
more of these risks or uncertainties materialize, or should
underlying assumptions prove incorrect, the Company's actual
results, performance or achievements may vary materially from those
described in the relevant forward-looking statement as being
expected, anticipated, intended, planned, believed, sought,
estimated or projected. Unknown or unpredictable factors also
could have material adverse effects on the Company's future
results. The forward-looking statements included herein are
made only as of the date hereof. The Company cannot guarantee
future results, levels of activity, performance or
achievements. Accordingly, you should not place undue
reliance on these forward-looking statements. Finally, the
Company undertakes no obligation to update or revise these
forward-looking statements to reflect the impact of circumstances
or events that arise after the date the forward-looking statement
was made, except as required by law, and also takes no obligation
to update or correct information prepared by third parties that are
not paid for by the Company. You should not place undue reliance on
any forward-looking statement and should consider the uncertainties
and risks discussed under Item 1A. "Risk Factors" of the Company's
Annual Report on Form 10-K for the year ended January 31, 2013 and in any of the Company's
other subsequent Securities and Exchange Commission
filings.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT
HANOVER|ELITE
Kathy Addison, Chief Operating
Officer
407-585-1080 or via email at AMEH@hanoverelite.com
SOURCE Apollo Medical Holdings, Inc.