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Comprehensive Care Corporation Signs Agreement With WellDyneRx as Part of CompCare's New Pharmacy Savings Center Program
Date:9/17/2012

TAMPA, Fla., Sept. 17, 2012 /PRNewswire/ -- Comprehensive Care Corporation ("CompCare" or the "Company") (OTC BB: CHCR), which provides behavioral health, substance abuse and pharmacy management services, is pleased to announce that it has signed an agreement with WellDyneRx, one of the most prominent pharmacy benefit management companies in the nation, to implement CompCare's newly designed Pharmacy Savings Center Program.

CompCare currently manages, on an "at-risk" basis, the prescription drug benefit of a number of its clients' health plans.  Under its existing program, CompCare receives a fixed fee, per member per month, in exchange for CompCare assuming the financial risk of paying for the client's members' prescription drugs as well as performing ancillary pharmacy management services.

"Over the past year, the Company has been developing an enhanced pharmacy program which would not only expand its pharmacy management services, but also provide us with the ability to guarantee to our clients a pharmacy spend of approximately 10% less than the client spent the previous year," said Clark A. Marcus, Chairman and CEO. "We have now secured certain relationships that allow CompCare to enter into 'at-risk' pharmacy contracts with clients offering per member per month pharmacy costs for our services that are at least 10% lower then the client's previous year's spend.  Most importantly, we can guarantee those savings."

"We anticipate that our Pharmacy Savings Center Program will become an integral part of CompCare's and its clients' future profit-planning endeavors," Mr. Marcus added.

WellDyneRx, a key component of the Pharmacy Savings Center Program, is a national pharmacy benefits management company that serves its health plan members through a retail network of more than 60,000 pharmacies nationwide.  Its personalized care management program and attention to specialty drug therapy at considerable cost savings epitomi
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SOURCE Comprehensive Care Corporation
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