CareGuide/Patient Infosystems Announces 3-Year Contract Renewal with the State of Louisiana Office of Group Benefits.CORAL SPRINGS Coral Springs, city (1990 pop. 79,443), Broward co., SE Fla.; inc. 1963. Largely residential, it is a city that has grown rapidly along with the southern Florida and Fort Lauderdale area. The population of Coral Springs nearly doubled between 1980 and 1990. , Fla. -- Patient Infosystems, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : PATY PATY Please and Thank You ) ("CareGuide/Patient Infosystems"), a health and care management company, today announced the renewal of its contract with the State of Louisiana CODE, OF LOUISIANA. In 1822, Peter Derbigny, Edward Livingston, and Moreau Lislet, were selected by the legislature to revise and amend the civil code, and to add to it such laws still in force as were not included therein. Office of Group Benefits ("Louisiana OGB OGB OXFAM Great Britain OGB OnGuard Backup (Palm) OGB Open Gastric Bypass "). Since October 2003, CareGuide/Patient Infosystems has been providing 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. and case management services for 60,000 State of Louisiana employees and their families. During this time, CareGuide/Patient Infosystems has achieved in excess of $25 Million dollars in savings for this group. This success can be attributed to CareGuide/Patient Infosystems' collaborative, proactive approach to medical management. A close working relationship with the Louisiana OGB staff over the past three years has allowed CareGuide/Patient Infosystems to provide the necessary support to ensure appropriate care of their members and effective communication and collaboration with contracted providers. The care management nurses have worked very closely with the Louisiana OGB providers to prevent inappropriate hospitalizations. When hospitalizations have been necessary, the nurses have assisted with discharge planning to ensure a safe return to their prior level of function, or to an alternatively appropriate level of care, continuously working to optimize the members' benefits while ensuring appropriate, cost-effective care. With the success of these programs, the Louisiana OGB has renewed its contract with CareGuide/Patient Infosystems for an additional 3 years. Chris Paterson, CareGuide/Patient Infosystems' 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. stated, "Working together, CareGuide/Patient Infosystems and Louisiana OGB have saved significant healthcare dollars for the State. We are pleased with the opportunity to continue working with the Louisiana OGB in their efforts to control healthcare cost trend while maintaining and enhancing employee satisfaction with benefits." The renewal of this contract was mentioned, without specific identification, in the press release issued by the Company on May 10, 2006. ABOUT CAREGUIDE/PATIENT INFOSYSTEMS CCS (1) (Common Channel Signaling) A communications system in which one channel is used for signaling and different channels are used for voice/data transmission. Signaling System 7 (SS7) is a CCS system, also known as CCS7. See SS7. Consolidated, Inc. (d/b/a CareGuide) and Patient Infosystems have merged to create a uniquely positioned, single-source provider of information-based health and care management services. The company's technology platform translates population data into actionable information, leading to targeted interventions tailored to the individual. The company's multidisciplinary care management teams are focused on consistent execution of physician-guided evidence-based care evidence-based care, n a philosophy of treatment that relies on up-to-date, germane research as its foundation. planning, producing optimal health outcomes by empowering individuals and connecting a fragmented health care support system. Services include care management (telephonic and onsite), utilization management, disease management, complex care management, health risk assessments, maternity management, a 24-hour nurse help line, and provider quality improvement services. Any combination of available services can be fully integrated with one another or carved out to enhance a client's existing plan design. Visit www.careguide.com and www.ptisys.com for more information. ABOUT LOUISIANA OFFICE OF GROUP BENEFITS The Office of Group Benefits is the second largest payer of employer-sponsored health insurance claims in Louisiana. The self-insured, self-administered program provides life and health benefits to over 250,000 Louisiana plan members and their families. 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 This release contains information about management's view of the company's future expectations, plans and prospects, our ability to reduce costs for our clients, to benefit their businesses and our ability to recognize our goals for 2006 that constitute forward-looking statements for purposes of the safe harbor 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 results may differ materially from historical results or 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, its ability to sell its products, its ability to compete with competitors and the growth of the healthcare market as well as other factors that are discussed in Patient Infosystems' Annual Report on Form 10-KSB for the year ended December 31, 2005 filed with the SEC on March 31, 2006, in the Form 8-K/A filed with the SEC on March 8, 2006, in the Form 8-K Form 8-K The form required by the SEC when a publicly held company incurs any event that might affect its financial situation or the share value of its stock. Form 8-K See 8-K. filed with the SEC on May 11, 2006, in the Form SB-2 filed with the SEC on May 15, 2006 as well as other documents filed by Patient Infosystems with the SEC. |
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