Birman Managed Care, Inc. Announces $3.4 Million Contract With Three Hospitals In Ohio.COOKEVILLE, Tenn.--(BUSINESS WIRE)--April 28, 1998-- --Brings Total Clients To 25 Hospitals, 11 States-- Birman Managed Care, Inc. (Nasdaq:BMAN BMAN - Broadband Metropolitan Area Network ), a physician-driven health care consulting and management company, announced today that its subsidiary, Birman & Associates Inc., has been awarded a two-year contract with three hospitals in Ohio List of hospitals in Ohio (U.S. state), sorted by county and name of hospital or medical center. A
Work at two of the hospitals will begin this May, and the third early this summer. The contract is valued at approximately $3.4 million. Since January, Birman has signed eight new hospital contracts bringing its client base to 25 hospitals in eleven states. David N. Birman, MD, President and Chief Executive Officer of Birman Managed Care, Inc., said, "We are very pleased with this significant addition to our client base. Our philosophy mandates what is best for the patient is best for the entire health care industry . Birman physicians work with physicians in hospitals and private practice to help them better define their goals and objectives for their patients, so that all agendas in the health care arena can be met. This is a system of teaching proactive continuous quality improvement on a patient-by-patient basis. We are proud of our staff and the fine work they have done to keep us in the lead as a diverse and premiere health care consulting organization." In these hospital environments, Birman will implement its Quality Management Program (QMP QMP Quality Medical Publishing QMP Quality Management Plan (USACE) QMP Quality Management Program (Canada) QmP Qualitätswein Mit Prädikat (German wine certification) ). Specific to this program is the use of Birman-trained physicians in the clinical setting. The fundamental application of Birman's QMP is to accurately determine the patient's severity of illness, enhance quality, focus on resource utilization management, meet regulatory standards, and assure hospitals receive appropriate reimbursement. Birman Managed Care, Inc. is a health care consulting company with a physician-focused core competency. The Company offers a range of compliance products and tools customized for health care providers including hospitals and physician offices. The Company also operates Care3, its HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, in Mississippi; as well as Hughes & Associates, a licensed pre-certification and utilization review u·til·i·za·tion review n. A process for monitoring the use, delivery, and cost-effectiveness of services, especially those provided by medical professionals. company; and Rehab Partners, a workers compensation Preferred Provider Organization pre·ferred provider organization n. Abbr. PPO A medical insurance plan in which members receive more coverage if they choose health care providers approved by or affiliated with the plan. (PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there ) in Mississippi. -0- Forward Looking Statements: Statements in this news release looking forward in time are made pursuant to 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 of 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. Investors are cautioned that forward-looking statements involve risks and uncertainties, including general economic conditions, delays and risks associated with the performance of contracts, consumer and industry acceptance, and regulatory risks. CONTACT: Birman Managed Care, Inc., Cookeville Jeff Drake, Senior Vice President Corporate Development (931) 372-7800 or Morgen-Walke Associates, Inc., New York Investor Relations: Stacey Levitz/Lauren Felice Press: Michael McMullan (212) 850-5600 |
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