Advanzeon Solutions, Inc. (OTC:BB: CHCR), (“Advanzeon” or the “Company”), which provides behavioral health, substance abuse and pharmacy management services, as well as sleep apnea programs, to employers, Taft-Hartley health and welfare funds, and managed care companies throughout the U.S. is pleased to announce that it has entered into an Agreement with WLT Software Enterprises, Inc. (“WLT”). The Agreement provides, in pertinent part, that WLT will make their “MediClaims” software available to Advanzeon. The Agreement is effective immediately and implementation commenced onDecember 2, 2014.
Mark Heidt, President of Advanzeon Solutions, commented, “We are particularly pleased to enter into this Agreement with WLT. They are one of the nation’s leading technology companies in the healthcare space. After interviewing a number of similar companies, we determined that WLT is best suited for our needs, and we could work closest with them in terms of not only the size of our projected growth, but the speed at which we expect such growth to occur. We, at Advanzeon, are confident that our relationship with WLT will be long-term and that they will be fully able to accommodate our needs for the next three years.
Mike Tuomey, Director of Business Development at WLT Software Enterprises, Inc., stated, “We, too, are excited at this new relationship with Advanzeon, believe our software is ideally suited for their needs, and their next generation of innovative healthcare programs that address behavioral health, wellness, pharmacy expenses and sleep apnea.”
About WLT Software Enterprises, Inc.
Founded in 1979, WLT Software has established itself as a leading provider of advanced employee benefits administration and claims processing software and systems for Insurance Companies, Government Employee Plans, TPAs, Cost Containment Companies, and Self Administered Groups.
About Advanzeon Solutions, Inc.
Established in 1969, Advanzeon provides behavioral health, substance abuse and pharmacy management services, as well as sleep apnea programs, for employers, Taft-Hartley health and welfare Funds, and managed care companies throughout the United States. Headquartered in Tampa, Florida, the Company focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches that address both the specific needs of clients and changing healthcare industry demands. For more information, please call 813-288-4808 or visit our website at www.advanzeon.com
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the current beliefs and expectations of the Company’s management, reflect numerous assumptions, and are subject to significant risks and uncertainties, many of which are beyond the Company’s control. If any of these underlying beliefs, expectations or assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.
These risk factors include, among others, the ability of the Company to maximize its market share with new pharmacy initiatives, the ability of the Company’s new pharmacy cost-savings program to guarantee a 10% or more reduction in pharmacy costs, our ability to achieve expected results from new business and to revolutionize the pharmacy sector of the healthcare industry, the ability to obtain a performance bond on satisfactory terms, the ability of the Company’s pharmacy program to promote greater medication adherence without restricting access to needed medications, technological advances, challenges in development of new products and services, new products and services developed by competitors, the Company’s ability to provide superior patient care while increasing its business and margins as a result of implementing its pharmacy cost-savings program, general industry conditions and competition, general economic factors, global trends toward health care cost containment, the effect of governmental regulation, including pharmaceutical industry regulation, insurance regulation and health care legislation, varying trends in member pharmacy utilization, increases or variations in cost of care, seasonality, our ability to manage healthcare operating expenses, the profitability (if any) from capitated pharmacy contracts or other products, and the Company’s ability to obtain additional financing.
Advanzeon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additional risk factors that could cause results to differ materially from those described in the forward-looking statements can be found in the Company’s most recent Annual Report on Form 10-K and the Company’s other filings with the Securities and Exchange Commission (SEC), which are available at the SEC’s website at www.sec.gov.
