HC Innovations Signs Contract With HealthSpring to Provide Medical Management Services to Members Residing in Long-Term Care Facilities
Posted on: Tuesday, 22 January 2008, 09:01 CST
HC Innovations, Inc. (OTCBB: HCNV), a specialty care management company, today announced that it has signed a contract with HealthSpring (NYSE: HS) to provide medical management services to HealthSpring's Tennessee members residing in certain long-term care facilities.
Enhanced Care Initiatives, Inc. (ECI), HC Innovations' wholly owned management subsidiary, will administer services through its NP Care program, a nurse practitioner medical service that works with physicians to bring the best medical care available to residents in long-term care facilities. Long-term care residents of HealthSpring's SpecialCare Medicare Advantage plan which live in facilities covered by the contract with ECI will receive around-the-clock, hands-on care by an on-site ECI nurse practitioner. This care will be supported by ECI's electronic medical records (EMR) system that allows for rapid documentation and capture of accurate diagnosis.
"This is an important opportunity for HC Innovations and represents a win/win/win situation for everyone involved," said David Chess, MD, chief executive officer of HC Innovations. "Combining an insurance product with a state-of-the-art, hands-on program allows us to provide the best medical care for patients residing in nursing homes. Nursing homes are able to provide more acute care to their residents within the facility, thereby maintaining occupancy levels, and the health plan is able to support enhanced services to their members while controlling the cost of care. Most importantly, residents are often able to receive appropriate medical care from a familiar caregiver, within familiar surroundings as opposed to having to endure traumatic hospitalizations or emergency room visits."
Shawn Morris, President of HealthSpring of Tennessee, said, "The SpecialCare plan is specifically designed for older, frailer members. By partnering with HC Innovations' NP Care program, we can combine our efforts to keep these members healthier and improve quality of life for them and their caretakers. We look forward to working closely with HC Innovations to make this benefit available to more members."
About HealthSpring, Inc.
HealthSpring is based in Nashville, Tenn., and is one of the country's largest coordinated care plans whose primary focus is the Medicare Advantage market. HealthSpring currently owns and operates Medicare Advantage plans in Alabama, Florida, Illinois, Mississippi, Tennessee and Texas and also offers a national stand-alone Medicare prescription drug plan. For more information, visit www.healthspring.com.
About HC Innovations, Inc.
HC Innovations creates value and cost savings for HMOs, nursing homes, and insurance companies (government and private) by identifying niche markets with high medical costs and implementing proprietary solutions. HC Innovations combines proprietary information systems with highly trained nurses and nurse practitioners to improve health conditions with hands-on care. The results are improved patient outcomes. HC Innovations currently provides services for Medicare, Medicaid, sub-acute care and specialty-needs programs in Connecticut, New Jersey, New York, Tennessee, Texas, Florida, Ohio, Illinois and Massachusetts. For more information, visit www.hcinnovationsinc.com.
SAFE HARBOR ACT DISCLAIMER NOTICE
"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: The statements contained in this release which are not historical facts are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those set forth in or implied by forward-looking statements. These risks and uncertainties include the Company's entry into new commercial businesses, the risk of obtaining financing, recruiting and retaining qualified personnel, and other risks described in the Company's Securities and Exchange Commission filings. The forward looking statements in this press release speak only as of the date hereof, and the Company disclaims any obligation to provide updates, revisions or amendments to any forward-looking statement to reflect changes in the Company's expectations or future events.
Source: Business Wire
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