This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

American CareSource And HealthSmart Extend Relationship To Provide Innovative Healthcare Solutions To Self-Insured Employers

American CareSource Holdings, Inc. (NASDAQ: ANCI) today announced the multiyear extension of its agreement with HealthSmart Preferred Care II, LP and other provider network entities owned by HealthSmart Holdings Inc. (collectively, “HealthSmart”). HealthSmart, ACS’s most significant client, contributed 31 percent of the Company’s revenue during the nine months ended Sept. 30, 2012. ACS will continue to serve as the primary provider of ancillary services for HealthSmart and its client base. Additionally, the companies will work together on additional lines of business, including secondary group health networks, workers compensation networks and auto liability networks.

“ACS has been the primary ancillary network solution for HealthSmart since 2005 and continues to provide cost-effective alternatives to physician and hospital-based services through its comprehensive national network of 4,900 ancillary service providers at more than 35,000 sites,” said James M. Pennington, president of HealthSmart.

“HealthSmart has been a valuable client and partner of ACS, and we are excited about extending and expanding our relationship,” said Bill Simpson, president and chief operating officer of ACS. “This agreement reflects our effort to connect the value of our provider network with the evolving needs and opportunities in the marketplace.”

HealthSmart is a healthcare solutions company that manages more than $6 billion in claims annually. Based in Irving, Texas, with service locations around the country, HealthSmart is dedicated to delivering integrated, self-funded solutions via innovative products and services, including benefits administration, provider networks and care management. HealthSmart’s mission is to improve member health and reduce healthcare costs.

About American CareSource Holdings, Inc.

American CareSource Holdings is the first national, publicly traded ancillary care network services company. The company offers a comprehensive national network of more than 4,900 ancillary service providers at more than 35,000 sites through its subsidiary, Ancillary Care Services. ACS provides ancillary healthcare services through its network that offers cost-effective alternatives to physician and hospital-based services. These providers offer services in 30 categories including laboratories, dialysis centers, free-standing diagnostic imaging centers, infusion centers, long-term acute care centers, home-health services and non-hospital surgery centers, as well as durable medical equipment. The company’s ancillary network and management provide a complete outsourced solution for a wide variety of healthcare payors and plan sponsors including self-insured employers, indemnity insurers, PPOs, HMOs, third-party administrators and both federal and local governments. For additional information, please visit www.anci-care.com.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,374.76 +23.38 0.14%
S&P 500 1,951.13 +2.27 0.12%
NASDAQ 4,733.4970 -16.4820 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs