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Phyhealth Concludes $1.5 Million Financing for Launch of Its Pilot Community-Based HMO
Date:2/14/2008

With health care costs rising much faster than our economic growth and with over 47 million Americans without health insurance, an innovative approach to the problem is warranted. We are dedicated to bringing to market the first community-based solution, physician-driven and patient-centered, that will deliver the highest value for the healthcare dollar. By putting physicians back in charge of their patients' care, physicians can redirect resources to programs that take a preventive approach to disease and address disorders before they become acute, thereby maintaining patients' health and keeping costs down. Our model aligns incentives among the HMO, physician and their patients to benefit all concerned."

About Physicians Healthcare Management Group, Inc.

Physicians Healthcare Management Group, Inc. (Phyhealth) is a developer of community-based health maintenance organizations (HMOs) that are owned and operated in partnership with the participating physicians. Phyhealth Plans are designed to deliver high-quality affordable healthcare by enabling physicians to assume end-to-end management of healthcare for their patients. The Phyhealth model empowers physicians to provide preventive healthcare and proactively manage their patient's general health by aligning incentives amongst the HMO, physician and the patient. Phyhealth intends to offer additional value-added products and services in cooperation with physicians, including medical malpractice insurance, local care facilities and wellness programs, as well as information technologies such as secure electronic medical records.

Forward-Looking Statements

This press release contains statements, which may constitute "forward- looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of P
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SOURCE Physicians Healthcare Management Group, Inc.
Copyright©2008 PR Newswire.
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