American CareSource Holdings, Inc is Selected as Ancillary Benefits Manager by WorkLink.ROCHESTER, N.Y. -- American CareSource Holdings, Inc. (ACS (Asynchronous Communications Server) See network access server. or the Company) of Irving, TX, a subsidiary of Patient Information Systems of Rochester, NY (PATY PATY Please and Thank You :OTCBB OTCBB See OTC Bulletin Board (OTCBB). ), and Memorial Hermann Health Network Providers, Inc. - WorkLink (WorkLink) of Houston, TX are pleased to announce that WorkLink has selected ACS as their ancillary benefit manager for all of WorkLink's occupational injury programs. The Company stated that it is too early to estimate the financial value of this relationship to ACS, but believes that the selection by WorkLink and the resulting patient referrals could prompt a significant expansion of its business. ACS President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Wayne Schellhammer stated, "We are delighted to expand our relationship with Memorial Hermann Health Network Providers to include WorkLink." He also added, "Our network is our primary asset and we, as an organization, have worked hard to develop a strong presence in the ancillary marketplace. As we continue to grow, it is one of our top priorities to determine and meet our clients' needs. The agreement established between WorkLink and ACS is the type of business development that acts as a conduit for growth in both organizations." "Utilizing ACS as our ancillary benefit management partner will help strengthen WorkLink's position in the market. It enables us to impact more claims and realize greater customer savings for ancillary services," said Danielle Barrera, Director/Occupational Medicine Services of WorkLink. WorkLink is a division of Memorial Hermann Health Network Providers, Inc. and specializes in occupational benefit management programs designed to help corporations manage employee accidents and injuries. WorkLink is currently working with 500 companies in Texas, California, Georgia, Illinois, Louisiana and Florida. ACS is a comprehensive ancillary benefit management company. Based in Irving, Texas, the company is capable of achieving reduced ancillary costs for clients with its broad provider network, offering coverage for over 30 ancillary services, reaching across 17,000 facilities nationwide. ACS has developed advanced information systems, which contribute to the ease of use for all clients regardless of processing paper or EDI (Electronic Data Interchange) The electronic communication of business transactions, such as orders, confirmations and invoices, between organizations. Third parties provide EDI services that enable organizations with different equipment to connect. claims. Being a leader in the ancillary repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing market has allowed ACS to refine and develop tools to assist organizations such as PPO's, Third Party Administrators, Workers' Compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. Benefit Administrators, Insurance Companies, Employers and Unions in all aspects of benefit cost reduction. This release contains information that constitutes forward-looking statements for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Actual events may differ materially from those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with the company's financial condition, the continued use of the Company's services by its customers, the growth of its business and revenue base, its ability to sell its products, its ability to compete with competitors, the growth of the healthcare market as well as other factors that are discussed in the company's filed Annual Report on Form 10-KSB, as well as other documents filed with the Securities and Exchange Commission. |
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