American CareSource and HealthSmart Extend Relationship to Provide
Innovative Healthcare Solutions to Self-Insured Employers
Alliance expands to encompass opportunities in secondary, workers compensation
and auto liability markets
DALLAS -- January 15, 2013
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
“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.
American CareSource Holdings, Inc.
Matthew Thompson, 972-308-6830
Chief Financial Officer
Press spacebar to pause and continue. Press esc to stop.