FPA Medical Management expands to Tampa.SAN DIEGO--(BUSINESS WIRE)--Nov. 11, 1996--FPA Medical Management, Inc. (Nasdaq:FPAM FPAM Financial Planning Association of Malaysia ) announced today that it has signed an agreement with Physician Corporation of America (NASDAQ: PCAM PCAM Private Clients and Asset Management PCAM Professional Community Association Manager (Community Associations Institute) PCAM Pacific Coast Air Museum (Sonoma County Airport, Santa Rosa, California) ) to service approximately 15,000 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, members in Tampa, Florida “Tampa” redirects here. For other uses, see Tampa (disambiguation). Tampa is a United States city in Hillsborough County, on the west coast of Florida. It serves as the county seat for Hillsborough County.GR6. through a network of approximately 135 primary care physicians. FPA 1. (hardware) FPA - floating-point accelerator. 2. (programming) FPA - Function Point Analysis. will immediately begin providing management service to the physicians. In addition, FPA will have local network development and provider relations representatives in Tampa with corporate support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to be provided from FPA's Coral Gables Coral Gables, city (1990 pop. 40,091), Miami-Dade co., SE Fla., SW of Miami; inc. 1925. Founded at the height of the Florida land boom, Coral Gables is a noted planned city, with tree-lined boulevards and Mediterranean-style buildings. office. Anticipated annual revenues as a result of this global capitation agreement are expected to be in excess of $16 million. Dr. Seth Flam, President and Chief Executive Officer, stated, "The addition of these members from PCA (tool, programming) PCA - A dynamic analyser from DEC giving information on run-time performance and code use. demonstrates FPA's execution of our previously announced plans to expand our relationships with existing payors." Dr. Sol Lizerbram, Chairman, added, "We believe opening the Tampa market will be attractive to several payors as we move toward state-wide payor contracting." FPA Medical Management, Inc. is a national healthcare management service organization which organizes and manages primary care physician networks to contract with HMOs and other prepaid health insurance plans to provide physician and related healthcare services and provides contract management and support services to hospital-based emergency departments. Certain statements contained in this release are forward looking. Although FPA Medical Management, Inc. believes that its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from its expectations. Factors that could cause actual results to differ from expectations include the difficulty in controlling healthcare costs, increasing and managing growth in the number of new enrollees in the FPA Network and the possible negative effects of prospective healthcare reform. For other important factors that may cause FPA Medical Management, Inc.'s actual results to differ materially from expectations and underlying assumptions, see reports filed by FPA Medical Management, Inc. with the Securities and Exchange Commission. CONTACT: Investor Contact: Steven M. Lash Executive Vice President and Chief Financial Officer 619/295-7005 or Robert P. Jones/Jill Ruja Media Contact: Miriam Adler Morgen-Walke Associates 212/850-5600 |
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