CompCare Launches Substance Abuse Disease Management Solutions Powered By Hythiam's PROMETA Protocols
Posted on: Tuesday, 14 March 2006, 09:01 CST
Comprehensive Care Corporation (OTCBB:CHCR) (CompCare) today announced that it will market Hythiam's PROMETA(TM) physiological protocols as the centerpiece of its substance abuse disease management program. Hythiam(R) is a healthcare services management company focused on delivering solutions for those suffering from alcoholism and other substance dependencies. CompCare has been granted the exclusive right to market the substance abuse disease management program with Hythiam's PROMETA treatment protocols to its current and certain mutually agreed upon prospective clients. Hythiam has also agreed to sponsor two sales personnel to promote the program. CompCare is the first managed behavioral health organization to approve the use of PROMETA as part of an integrated disease management approach. By combining medical interventions and clinical support with managed care technology, CompCare's treatment program is designed to offer less restrictive levels of care, minimize repeat detoxifications, and improve the quality of life for individuals who suffer from addiction.
Mary Jane Johnson, Chief Executive Officer, said, "Hythiam's innovative medical technology, in the context of disease management, offers the hope of improved outcomes for the treatment of alcohol, cocaine and methamphetamine abuse. We believe that becoming an early adopter of this technology will position us to garner market share for this disease management program. According to the Substance Abuse and Mental Health Services Administration (SAMHSA), 22 million people suffered from substance dependence or abuse in each of the years 2004, 2003, and 2002. Nearly 77% of those adults classified with dependence or abuse were employed; meaning many of their employers incurred costs ranging from lost productivity and absenteeism to higher health care and workers' compensation costs. When also considering the expense of long-term recovery and co-occurring medical costs associated with prolonged substance use, the financial impact on public and private sectors is enormous."
Ms. Johnson continued, "This is CompCare's second stand-alone disease management product brought to market during the last seven months. In August 2005, we entered into an agreement with a company to conduct behavioral pharmacy analysis, in an effort to prioritize care management of medical and behavioral co-morbid conditions. As we move forward, we will strive to continue fostering additional innovative partnerships and solutions that complement our behavioral health carve-out business."
About Comprehensive Care Corporation
Established in 1969, CompCare provides behavioral health, substance abuse, and employee assistance programs for governmental agencies, managed care companies and employer groups throughout the United States. Headquartered in Tampa, Florida, CompCare operates regional service centers in Florida, Michigan, and Texas; serves approximately 800,000 covered individuals nationwide; and has a network of approximately 8,000 qualified behavioral health practitioners. With 36 years of experience in the industry, CompCare focuses on personalized attention, flexibility, a commitment to high-quality services, and innovative approaches to behavioral health that address both the specific needs of clients and changing healthcare industry demands.
"Safe Harbor" statement under the Private Securities Litigation Reform Act of 1995: Certain information included herein and in other Company reports, SEC filings, statements, and presentations is forward looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning the Company's anticipated operating results, financial resources, increases in revenues, increased profitability, interest expense, growth and expansion, and the ability to obtain new behavioral healthcare contracts. Such forward-looking information involves important risks and uncertainties that could significantly affect actual results and cause them to differ materially from expectations expressed herein and in other Company reports, SEC filings, statements, and presentations. These risks and uncertainties include, but are not limited to, changes in local, regional, and national economic and political conditions, the effect of governmental regulation, competitive market conditions, varying trends in member utilization, our ability to manage healthcare operating expenses, the profitability of our capitated contracts, cost of care, our ability to obtain new business, seasonality, and other risks detailed from time to time in the Company's SEC reports.
Source: Business Wire
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