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Comprehensive Care Corporation Signs Agreement With A National Leader In Pharmacy Benefit Management
Date:7/30/2013

TAMPA, Fla., July 30, 2013 /PRNewswire/ -- Comprehensive Care Corporation (OTC BB: CHCR), ("CompCare" or the "Company"), a leading behavioral health, substance abuse and pharmacy management provider for employers, Taft-Hartley health and welfare funds, managed care companies, third party administrators, and union–sponsored benefit plans, today announced the signing of an agreement with one of the nation's leading pharmacy benefit managers ("PBM").  The signing of this agreement completes the structure needed by CompCare to initiate the national launch of its Pharmacy Value Management Program ("PVM Program").  The PVM Program, constructed by CompCare over the last two years, is designed to save clients approximately 10% or more on their annual pharmacy spend by providing them with a pharmacy management price that is 10% less than their prior year's spend – fully secured by a performance bond.

Ramon Martinez, President of CompCare Pharmacy Solutions, Inc., said, "CompCare has placed all of the major components in the right order and is moving ahead with the initiation of the PVM Program.  We believe that we will use our innovative Fourth Party Pharmacy Value Network (4PVNTM) to change and improve the delivery of pharmacy benefit management while providing greater value and helping our clients decrease their costs in pharmacy spending."

In January of this year, CompCare announced the signing of its agreement with a leading, national surety bond provider giving CompCare the ability to "…back its new 'at-risk' Pharmacy Cost-Savings Program with fully guaranteed performance bonds." (See CompCare's release of January 8, 2013.)  In March of this year, CompCare announced the signing of an agreement with Blasters, Drillers & Miners Union, Local No. 29, Laborers' International Union of North America (LIUNA), which agreement prov
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SOURCE Comprehensive Care Corporation
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