Birman Managed Care, Inc. Announces Hospital Contract in Ohio.COOKEVILLE, TN--(BUSINESS WIRE)--August 13, 1998-- -- Renews Contracts with Three Hospitals -- Birman Managed Care, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : 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 a hospital in Ohio. Additionally, the Company has renewed three one- year contracts with two Michigan-based hospitals and an Iowa-based hospital. The value of these four contracts is approximately $800,000. Additional terms of the agreements were not disclosed. 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 of care, focus on resource utilization management and meet regulatory compliance. As a result, hospitals receive appropriate reimbursement for the services they provide. Birman Managed Care, Inc. is a health care consulting company with a physician-focused core competency. Through its subsidiary, Birman & Associates, the Company offers a range of compliance products and quality management services customized for health care providers including hospitals and physician offices. The Commpany also operates 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. Forward Looking Statements: Statements in this news release looking forward in time are made pursuant to the safe harbor 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.
Jeff Drake, 931/372-7800
or
Investor Relations:
David Walke/ Lauren Felice
Press: Michael McMullan
Morgen-Walke Associates, Inc., 212/850-5600
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