MIAMI, April 24 /PRNewswire-FirstCall/ -- Physicians Healthcare Management Group, Inc. (Phyhealth) (Pink Sheets: PHYH), a developer of health maintenance organizations (HMOs) in partnership with physicians, today announced that Phyhealth Plan Corporation, a wholly-owned subsidiary of Phyhealth, has signed an agreement with Advantica EyeCare to provide comprehensive vision services for its Pilot HMO scheduled to be launched in the latter half of 2008.
Mr. Robert Trinka, chairman and chief executive officer, stated, "We are pleased to have Advantica EyeCare on board as a premium provider of vision services for our Pilot HMO members. With its wide selection of comprehensive vision plans and pre-paid vision care benefits, plan participants can make choices that are best suited to their needs. Advantica's creative benefit options were an important consideration in our due diligence process as was its reputation for quality care."
Mr. Richard Sanchez, chief executive officer and president of Advantica EyeCare, commented, "Phyhealth's novel approach to healthcare is commendable and we look forward to participating in the company's Pilot HMO that will be launched right here in our home state of Florida. We believe that Phyhealth is on the right path to improving the effectiveness and costs associated with healthcare through the establishment of its community-based HMOs that are consumer-driven and where physicians, the HMO and the patients' interests are aligned. At Advantica, we focus on consumer driven management of eye health and vision care and we fully appreciate Phyhealth's commitment to keeping patients healthy."
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 patients' 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.
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 Physicians Healthcare Management Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Additional information is available at: http://www.phyhealth.com.
|SOURCE Physicians Healthcare Management Group, Inc.|
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