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American CareSource Holdings, Inc., d/b/a Ancillary Care Services, is an ancillary benefits management company that offers cost effective alternatives to physician and hospital-based services through its comprehensive national network of approximately 2,500 ancillary service providers at over 25,000 sites. Our ancillary network and management provide a complete outsourced solution for a variety of healthcare payor and plan sponsors by expanding the range of provider choices available to their payors while reducing overall ancillary benefits cost. Our customers include self-insured employers, indemnity insurers, PPOs, HMOs, third party administrators and both federal and local governments.
Ancillary healthcare services include a broad array of services that supplement or support the care provided by hospitals and physicians, including laboratories, dialysis centers, free-standing diagnostic, non-hospital surgery centers, as well as durable medical equipment such as orthotics and prosthetics, and others. The ancillary healthcare services market is estimated at $574 billion, and has grown to 30% of total national health expenditures.
American CareSource Corporation had been in operation since 1997. The predecessor company to American CareSource Corporation, Physician’s Referral Network, had been in operation since 1995. On December 23, 2005, the Company became an independent company when Patient Infosystems distributed by dividend to its stockholders substantially all of its shares of the Company. Ancillary Care Services, Inc. is a wholly owned subsidiary of the Company.