Juniper Group, Inc. Finalizes Contract With New York Methodist Hospital; Continues Growth in the New York Metropolitan Area.GREAT NECK, N.Y.--(BW HealthWire)--Feb. 25, 1998--Juniper Group, 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 :JUNI,JUNIZ) announced today that its PartnerCare, Inc. subsidiary has signed an agreement with New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Methodist Hospital Methodist Hospital is the name of numerous medical institutions.
Under terms of the agreement, PartnerCare will act on behalf of New York Methodist Hospital, reviewing managed care agreements in order to rectify payment errors. The subsidiary will customize its efforts based upon the Hospital's specific operating criterion. The program will emphasize payment patterns for inpatient rates and payor conformance with state regulations. Vlado P. Hreljanovic, chairman and 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. of Juniper Group, commented, "I am pleased to welcome New York Methodist Hospital into the growing circle of health care providers represented by PartnerCare. This agreement illustrates the success of our regional growth strategy and paves the way for future expansion." Recognizing the financial implications managed care has upon health care providers and organizations, PartnerCare also developed the managed care revenue enhancement revenue enhancement An increase in revenues, especially by way of increased taxes. Revenue enhancement includes reducing taxpayer deductions and eliminating tax credits. program (MCREP MCREP Military Committee Representative to the North Atlantic Council ) to review managed care agreements and claims. PartnerCare's MCREP enables providers to collect unanticipated revenue and minimize loss due to inadequate procedures by examining daily operations and providing support for the definition of internal controls. Juniper Group, Inc. operates in the health care management area through two subsidiaries of Juniper Medical Systems, Inc. which offers medical revenue enhancement to hospitals and cost containment cost containment, n the features of a dental benefits program or of the administration of the program designed to reduce or eliminate certain charges to the plan. to managed care health care groups, insurance companies, and other medical entities. Juniper Group also operates in the entertainment industry through its Juniper Entertainment, Inc. subsidiary which distributes feature films to various media, including television and cable. -0- Any forward-looking statements contained in this press release are based upon assumptions believed by the Company to be reasonable and attainable, but they are subject to important factors relating to the Company's operations and business environment, as detailed in the Company's Securities and Exchange Commission filings, which may cause the actual results of the Company to be materially different from any future results expressed or implied by such forward-looking statements. For further information, updates, and a corporate profile, see www.otcfn.com/juni CONTACT: Juniper Group Inc. OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Communications Terry Sue Klein Geoffrey J. Eiten (516) 829-4670 (888) 399-7539 / (781) 444-6100 geiten@otcfn.com |
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