Ethema Health Corp (GRST)

[penny.dreamer]

Ethema Announces Blue Cross In-Network Contract for ARIA Treatment Center

https://www.globenewswire.com/news-release/2021/03/01/2184237/0/en/Ethema-Announces-Blue-Cross-In-Network-Contract-for-ARIA-Treatment-Center.html

WEST PALM BEACH, FL, March 01, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Ethema Health Corporation (OTCPINK: GRST) (“Ethema” “GRST” or the “Company”), is pleased to announce that the ARIA treatment facility in West Palm Beach Florida has become an approved provider to New Directions Behavioral Health, LLC (“New Directions”). New Directions manages behavioral health providers for Blue Cross and Blue Shield of Florida, Inc. (“Florida Blue”). ARIA is contracted to provide services to holders of HMO policies under the Florida Blue, My Blue and other Blue Cross brands. The ability to bill New Directions begins today March 1, 2021 and is retroactive to treatments provided on or after January 22, 2021.

The ability to treat Blue Cross HMO policyholders has created a significant increase in the number of clients ARIA has served since January 22, 2021. The facility has reached near capacity in its 18 PHP and IOP beds and has averaged between 50% and 75% of capacity in its detox and residential beds since it became an approved provider to New Directions. Blue Cross Blue Shield is the largest seller of health insurance in Florida.

ARIA will begin construction March 1, 2021 on its first floor PHP, IOP and OP offices which will provide more bed space on its second and third floors which will increase capacity from 40 beds to 52 Beds. This capacity will be required to meet the demand of the Florida Blue policyholders.