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Press Release June 11, 2007
Integrated Pain Solutions Selects Heartland Therapy Provider Network, a Division of HCR Manor Care, to Serve as Integral Member of Priviledged Provider Network
ORLANDO, Fla., June 11, 2007 /PRNewswire-FirstCall via COMTEX/ -- The nation's first pain- focused managed services organization, Integrated Pain Solutions, LLC (IPS), a wholly-owned subsidiary of PainCare Holdings, Inc. (PRZ), today announced that it has signed Heartland Therapy Provider Network (HTPN), a division of HCR Manor Care (HCR), to serve as IPS' nationwide provider of rehabilitation services, including physical, occupational and speech therapy.
Founded in 2002, HTPN () has fast established itself as a leading national provider of work injury management services. The agreement between IPS and HTPN represents a component of the managed clinical services IPS plans to provide payors as part of its fully integrated managed services platform. HTPN has a national presence with more than 1,200 outpatient rehab providers based in 26 states across the nation, offering IPS' payors convenience and cost-effective access for their patients requiring rehabilitation therapies.
"Representing a key participant in the privileged provider network currently being built and administered by IPS, HTPN will provide IPS with the national reach and presence we require to provide patients with geographical convenience and qualified therapies critical to achieving positive care outcomes," stated Maria R. McAfee, president of IPS. "This agreement with HTPN marks a milestone in IPS' ongoing development efforts and should help to accelerate our strategic growth objectives."
Established to serve major medical insurers, workers compensation carriers, and large self-insured trade unions and employer groups, IPS is the nation's first and foremost pain-focused managed services organization that is dedicated to achieving value-based, cost-saving and patient-centric care through a multi-disciplinary network of highly privileged providers and specialists; its proprietary, evidenced-based clinical pathways for the treatment of acute and chronic musculoskeletal pain; a novel IT platform used to capture, track, analyze and report outcome data; and a fully-integrated support and service platform to provide telephonic and electronic utilization management, case management and care coaching services.
"HTPN is very pleased to have been selected to serve as a key component of IPS' national provider network," said HTPN Executive Director Kelly Ingram- Mitchell, MPT. "Our dedicated team of clinical experts will work closely with IPS' team to ensure optimal clinical outcomes for those patients under their care. Because IPS and HTPN share a mutual philosophy to maximize treatment outcomes through evidence-based clinical pathways, we are very excited about combining our strengths, expertise and experience to positively influence the delivery of care to those patients seeking relief from chronic or severe pain."
About Integrated Pain Solutions (IPS)
Integrated Pain Solutions (IPS) is the first and only managed services organization offering a multidisciplinary healthcare network focused on pain management to payor organizations, such as insurance and workers' compensation carriers and unions. IPS reduces costs and increases quality of life by providing highly credentialed physicians and centers of excellence on pay-for- performance incentives, a continuum of care that begins with care coaching, a shared financial and clinical data warehouse, and evidence-based clinical outcome measurements to determine the most effective pain-management plan. For more information, please visit .
About PainCare Holdings, Inc.
Headquartered in Orlando, Florida, PainCare Holdings, Inc. is one of the nation's leading providers of pain-focused medical and surgical solutions and services. Through its proprietary network of acquired or managed physician practices and ambulatory surgery centers, and in partnership with independent physician practices and medical institutions throughout the United States and Canada, PainCare is committed to utilizing the most advanced science and technologies to diagnose and treat pain stemming from neurological and musculoskeletal conditions and disorders.
Through its wholly owned subsidiary, Caperian, Inc., PainCare offers medical real estate and development services. Through Integrated Pain Solutions, the Company is engaged in pioneering the nation's first Managed Services Organization that offers a multi-disciplinary healthcare network focused on the treatment of pain. For more information on PainCare Holdings, please visit .
This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management's current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements, which may include statements regarding our future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses, future operating margins and other future or expected performance, are subject to the following risks: the acquisition of businesses or the launch of new lines of business, which could increase operating expenses and dilute operating margins; the inability to attract new patients by our owned practices, the managed practices and the limited management practice; increased competition, which could lead to negative pressure on our pricing and the need for increased marketing; the inability to maintain, establish or renew relationships with physician practices, whether due to competition or other factors; the inability to comply with regulatory requirements governing our owned practices, the managed practices and the limited management practices; that projected operating efficiencies will not be achieved due to implementation difficulties or contractual spending commitments that cannot be reduced; and to the general risks associated with our businesses.
In addition to the risks and uncertainties discussed above you can find additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements in the reports that we have filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent our judgment as of the date of this release and you should not unduly rely on such statements. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise after the date of this press release. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in the filing may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements
FOR MORE INFORMATION, PLEASE CONTACT: Media Relations Suzanne Beranek, APR, Beranek Communications, LLC 407-475-0763 or via email at suzanne@beranekcommunications.com FOR MORE INFORMATION, PLEASE CONTACT: Elite Financial Communications Group, LLC Dodi Handy, President and CEO, or Daniel Conway, Chief Strategist, 407-585-1080 or via email prz@efcg.netSOURCE Paincare Holdings, Inc.
media, Suzanne Beranek, APR, Beranek Communications, LLC, +1-407-475-0763, orsuzanne@beranekcommunications.com, for Paincare Holdings, Inc.; or investors, DodiHandy, President and CEO, or Daniel Conway, Chief Strategist, both of Elite FinancialCommunications Group, LLC, +1-407-585-1080, or prz@efcg.net, for Paincare Holdings,Inc.
