NMHC Enhances Customer Satisfaction Focus, Names Nathan J. Schultz, Pharm.D., Chief Services Officer; Appointment Aligns with Other Senior Level Management Positions.PORT WASHINGTON, N.Y. -- National Medical Health Card Systems, Inc. (Nasdaq: NMHC NMHC National Multi Housing Council NMHC Non-Methane Hydrocarbons NMHC National Modular Housing Council ), a national independent pharmacy benefits manager (PBM PBM - play by mail. See play by electronic mail. ), today announced the appointment of Nathan J. Schultz, Pharm.D., as chief services officer (CSO (Chief Security Officer) The person in charge of all staff members who are responsible for promulgating, enforcing and administering security policies for all systems within an enterprise or division. ), effective immediately. Schultz will be responsible for all account services and provider relations at NMHC, leading and coordinating all Company service teams including account services, member services, client services, and call center operations. "Recognized for its consistently strong customer satisfaction ratings, NMHC reconfirms its commitment to service with Nate's appointment," states James Smith, president 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 NMHC. "He is a seasoned healthcare executive who brings years of entrepreneurial, senior management, and clinical experience to NMHC. As CSO, he will help plan and execute the Company's vision for services with an emphasis on offering solutions that effect measurable results for our customers and drive revenue for NMHC." Schultz's C-level position is an affirmation of recent senior management title changes that unify NMHC's business structure as a single entity with a full portfolio of services, aligning each with a senior officer, including James (Jay) Flanick, chief mail service pharmacy officer; and Mark A. Adkison, chief specialty pharmacy officer. Well regarded in the industry, Schultz most recently served as managing director of The BayPine Consultancy, which specializes in strategic planning and operational management of healthcare- and pharmaceutical-related businesses. Prior to that, he was senior vice president of sales at Caresoft, Inc. Earlier in his career, Schultz was senior vice president, pharmaceutical industry relations, at Express Scripts, Inc., where he managed relationships with more than 50 of the world's largest pharmaceutical companies. He was also senior vice president, pharmaceutical management operations, at Diversified Pharmaceutical Services, Inc. then a unit of SmithKline Beecham, PLC and senior director of pharmaceutical industry operations at United Healthcare Corporation prior to Diversified's acquisition by SmithKline Beecham. Schultz's PBM industry leadership experience also included service on the Board of Directors of the Pharmaceutical Care Management Association (PCMA PCMA Professional Convention Management Association PCMA Pharmaceutical Care Management Association PCMA Professional Coaches and Mentors Association PCMA Paired Carrier Multiple Access PCMA Polish Centre of Mediterranean Archaeology ), the leading PBM trade association. Schultz received his Doctor of Pharmacy America Canada In Canada the Pharm. D. programme is offered in both English and French. It has been available from the University of British Columbia since 1991 and at the University of Toronto, both offering it as a post-graduate degree. and Bachelor of Science Noun 1. Bachelor of Science - a bachelor's degree in science BS, SB bachelor's degree, baccalaureate - an academic degree conferred on someone who has successfully completed undergraduate studies in Pharmacy degrees from the University of Minnesota (body, education) University of Minnesota - The home of Gopher. http://umn.edu/. Address: Minneapolis, Minnesota, USA. . He is a board-certified pharmacotherapy pharmacotherapy /phar·ma·co·ther·a·py/ (-ther´ah-pe) treatment of disease with medicines. phar·ma·co·ther·a·py n. Treatment of disease through the use of drugs. specialist and a registered pharmacist. About NMHC National Medical Health Card Systems, Inc. (NMHC) operates NMHC Rx (pharmacy benefits manager or PBM), Integrail (health information solutions), NMHC Mail (home delivery pharmacy), and Ascend (specialty pharmacy solutions), providing services to corporations, unions, health maintenance organizations, third-party administrators, and local governments. Through its clinical programs, value-added offerings, and advanced information systems, NMHC provides quality, cost effective management of pharmacy benefit programs. For more information, call 1.800.251.3883 or visit www.nmhc.com. Forward-Looking Statements This press release contains forward-looking statements which involve known and unknown risks and uncertainties or other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used herein, the words "may", "could", "estimate", "believes", "anticipates", "thinks", "intends", "will be", "expects", "plans" and similar expressions identify forward-looking statements. For a discussion of such risks and uncertainties, including but not limited to risks relating to demand, pricing, government regulation, acquisitions and affiliations, the market for PBM services, competition and other factors, readers are urged to carefully review and consider various disclosures made by NMHC in the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , as amended, for the fiscal year ended June 30, 2005, and other Securities and Exchange Commission filings. "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. " Statement 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: Statements in this press release regarding National Medical Health Card Systems' business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year. |
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