IPS Secures National Contract to Deliver FOCUS Healthcare Provider Network Access to Pain Management Specialists
October 25 2007 - 8:30AM
PR Newswire (US)
ORLANDO, Fla., Oct. 25 /PRNewswire-FirstCall/ -- Integrated Pain
Solutions, LLC (IPS), a wholly-owned subsidiary of PainCare
Holdings, Inc. (AMEX:PRZ), today announced that it has signed a
national contract with FOCUS Healthcare Management, Inc. to deliver
access to IPS' proprietary provider network of pain management
specialists. Pursuant to the agreement, IPS' national call center
will process patient appointments, originating from FOCUS' customer
base, with pain management specialists affiliated with IPS'
privileged provider networks initially established in New Jersey,
Michigan, Tennessee, Florida and Colorado. Additional states will
be added systematically as part of a planned national roll-out.
According to the American Pain Foundation, chronic pain takes a
greater toll on the U.S. economy ($100 billion) in health insurance
claims, lost wages and impaired productivity than any other chronic
condition, including heart disease, hypertension and diabetes. "We
feel very proud and privileged to be partnering with FOCUS. This
agreement represents a new revenue channel for our young company in
the coming year," stated Maria R. McAfee, President of IPS. "Just
as important, our relationship with FOCUS will provide IPS with an
influx of patients that we have confidence will benefit from the
specialized care and pain management expertise inherent in our
network." About Integrated Pain Solutions (IPS) Integrated Pain
Solutions (IPS), a wholly-owned subsidiary of PainCare Holdings,
Inc., is the first and only managed services organization offering
a multidisciplinary healthcare network focused on pain management
to payor organizations, such as insurance and workers' compensation
carriers and unions. IPS reduces costs and increases quality of
life by providing highly credentialed physicians and centers of
excellence on pay-for-performance incentives, a continuum of care
that begins with care coaching, a shared financial and clinical
data warehouse, and evidence-based clinical outcome measurements to
determine the most effective pain-management plan. For more
information, please visit http://www.integratedpainsolutions.net/.
About PainCare Holdings, Inc. Headquartered in Orlando, Florida,
PainCare Holdings, Inc. is one of the nation's leading providers of
pain-focused medical and surgical solutions and services. Through
its proprietary network of acquired or managed physician practices
and ambulatory surgery centers, and in partnership with independent
physician practices and medical institutions throughout the United
States and Canada, PainCare is committed to utilizing the most
advanced science and technologies to diagnose and treat pain
stemming from neurological and musculoskeletal conditions and
disorders. Through its wholly owned subsidiary, Caperian, Inc.,
PainCare offers medical real estate and development services.
Through Integrated Pain Solutions, the Company is engaged in
pioneering the nation's first Managed Services Organization that
offers a multi-disciplinary healthcare network focused on the
treatment of pain. For more information on PainCare Holdings,
please visit http://www.paincareholdings.com/. Safe Harbor
Statement This press release contains forward-looking statements
that may be subject to various risks and uncertainties. Such
forward-looking statements are made pursuant to the "safe harbor"
provisions of the Private Securities Litigation Reform Act of 1995
and are made based on management's current expectations or beliefs
as well as assumptions made by, and information currently available
to, management. These forward-looking statements, which may include
statements regarding our future financial performance or results of
operations, including expected revenue growth, cash flow growth,
future expenses, future operating margins and other future or
expected performance, are subject to the following risks: the
acquisition of businesses or the launch of new lines of business,
which could increase operating expenses and dilute operating
margins; the inability to attract new patients by our owned
practices, the managed practices and the limited management
practice; increased competition, which could lead to negative
pressure on our pricing and the need for increased marketing; the
inability to maintain, establish or renew relationships with
physician practices, whether due to competition or other factors;
the inability to comply with regulatory requirements governing our
owned practices, the managed practices and the limited management
practices; that projected operating efficiencies will not be
achieved due to implementation difficulties or contractual spending
commitments that cannot be reduced; and to the general risks
associated with our businesses. In addition to the risks and
uncertainties discussed above you can find additional information
concerning risks and uncertainties that would cause actual results
to differ materially from those projected or suggested in the
forward-looking statements in the reports that we have filed with
the Securities and Exchange Commission. The forward-looking
statements contained in this press release represent our judgment
as of the date of this release and you should not unduly rely on
such statements. Unless otherwise required by law, we undertake no
obligation to publicly update or revise any forward- looking
statements, whether as a result of new information, future events
or otherwise after the date of this press release. In light of
these risks and uncertainties, the forward-looking events and
circumstances discussed in the filing may not occur, and actual
results could differ materially from those anticipated or implied
in the forward-looking statements. FOR MORE INFORMATION, PLEASE
CONTACT: Media Relations Suzanne Beranek, APR, Beranek
Communications, LLC 407-475-0763 or via email at FOR MORE
INFORMATION, PLEASE CONTACT: Dodi Handy, President and CEO, or
Daniel Conway, Chief Strategist Elite Financial Communications
Group 407-585-1080 or via email at DATASOURCE: PainCare Holdings,
Inc. CONTACT: Media Relations, Suzanne Beranek, APR, Beranek
Communications, LLC, +1-407-475-0763, , or Dodi Handy, President
and CEO, or Daniel Conway, Chief Strategist, Elite Financial
Communications Group, +1-407-585-1080, Web site:
http://www.paincareholdings.com/
http://www.integratedpainsolutions.net/
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