Curative Health Services Signs National Services Agreement With VHA.Business Editors HAUPPAUGE, N.Y.--(BUSINESS WIRE)--Oct. 23, 2002 Curative Health Services health services Managed care The benefits covered under a health contract , Inc., (Nasdaq: CURE), announced today that it has signed a multi-year contract with VHA VHA Veterans Health Administration VHA Variable Housing Allowance VHA Villages Homeowners Association VHA Voluntary Hospitals Association VHA Virtual Home Agent VHA Very High Altitude VHA Vapor Hazard Area VHA Vermont Holstein-Friesian Association Inc. VHA is a cooperative representing more than 2,200 leading community-owned health care organizations and their affiliated physicians. Under terms of the agreement, Curative will offer wound management services to VHA members across the nation. VHA serves 25 percent of the community-owned hospitals in the United States Lists of hospitals for each U.S. state:
tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. by the outcome of VHA's evaluation that affirms our leadership position in wound management services," said Joseph Feshbach, Curative's Chairman and Chief Executive Officer. "Their designation demonstrates our unique ability to meet VHA member needs." Selection criteria included financial value/performance, operational performance, management team/employees, experience/innovation, cultural fit, commitment to health care and customer service. Curative's Wound Management Program(SM) establishes a continuum of wound care services to provide ongoing prevention and treatment for people with chronic non-healing wounds. With over 14 years of experience in wound care, Curative's wound care programs have evolved from outpatient Wound Care Center(R) programs to Wound Management Programs capable of providing integrated outpatient, inpatient, post-acute and hyperbaric oxygen therapy Hyperbaric oxygen therapy (HBO) A treatment in which the patient is placed in a chamber and breathes oxygen at higher-than-atmospheric pressure. This high-pressure oxygen stops bacteria from growing and, at high enough pressure, kills them. components. The Joint Commission on Accreditation of Hospital Organizations focus on integrated patient care throughout the continuum underscores the importance of this capability. Curative utilizes a care management approach that is unsurpassed in the wound care industry and yields successful results in healing wounds that resist conventional methods. "Our members voiced a need to have access to outsourced wound management services," said K. Jeffrey Hayes, VHA's senior vice president of business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . "Our market assessment validated that five to six million people in the U.S. suffer with chronic, non-healing wounds. We conducted due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on alternative approaches, and our credentialing process singled out Curative as the best fit to meet our member's needs in providing high value in this area." About VHA Built on the premise there is strength in numbers in numbered parts; as, a book published in numbers. See also: Number , VHA is a nationwide network of 2,200 leading community-owned health care organizations and their affiliated physicians. Based in Irving, Texas Irving (pronounced 'er-ving') is a city located in the U.S. state of Texas within Dallas County. According to the 2000 U.S. Census, the city population was 191,615; the 2006 estimate was 201,927 according to the North Central Texas Council of Governments, and 196,084 according to , with 18 local offices across the U.S., VHA comprises 25 percent of the nation's community hospitals, including many of the nation's largest and most respected institutions. VHA offers member organizations access to products and services that will help them improve financial and clinical performance and achieve market success. As a cooperative, VHA distributes income annually to members based on their participation. In January 2002, for the third year in a row, VHA was named one of the "100 Best Companies to Work For" by Fortune. About Curative Health Services Curative Health Services delivers superior clinical outcomes and unmatched patient satisfaction for patients experiencing serious medical conditions See carpal tunnel syndrome, computer vision syndrome, dry eyes and deep vein thrombosis. through two unique business units. Curative's Specialty Pharmacy Services business unit provides services to help patients manage the health care process, and offers related pharmacy products to patients for chronic and critical disease states, such as Hemophilia hemophilia (hē'məfĭl`ēə,–fēl`yə), genetic disease in which the clotting ability of the blood is impaired and excessive bleeding results. . Curative's Specialty Healthcare Services ("SHS SHS Shares (stock) SHS SAW (Surface Acoustic Wave) Humidity Sensor SHS Sciences Humaines et Sociales (French: Social Sciences) SHS Student Health Service SHS Second Hand Smoke ") business unit is an industry leader in chronic wound care management, consistently achieving an outcome success rate of more than 80 percent. SHS provides a broad continuum of services to health care providers through a nationwide network. This national network of more than 100 hospital-based Wound Care Center programs has offered comprehensive treatment to over 300,000 patients, achieving more than a 95 percent patient satisfaction rate. For more information, visit www.curative.com This press release contains forward-looking statements within the meaning 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. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance, or achievements expressed or implied by such forward-looking statements. Factors that might cause such differences include, but are not limited to, the termination or non-renewal of a material number of contracts, an inability to obtain new contracts, changes in the government regulations relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the Company's Specialty Healthcare Services or Specialty Pharmacy Services business units, changes in the regulations governing third party reimbursements for the Company's services, manufacturing shortages of products sold by Curative's Specialty Pharmacy Services business unit, and the other risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. Readers of this release are referred to the Company's Quarterly Report on Form 10Q for the quarter ended June 30, 2002, for further discussion of these and other factors that could affect future results. Editors Note: This release is also available on the Internet over the World Wide Web at: http://www.curative.com |
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