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.
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|SOURCE PainCare Holdings, Inc.|
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