Health & Fitness
Health and Fitness
Health and Fitness 
Thu, January 8, 2009
American CareSource: American CareSource Holdings Announces HealthSmart Contract Extension
DALLAS, TX--(Marketwire - January 8, 2009) - American CareSource Holdings, Inc. (
"We are delighted by HSPC's continued vote of confidence in our ability to lower their ancillary healthcare costs and serve their constituents with our high quality, cost effective network of providers," stated David S. Boone, Chief Executive Officer of American CareSource. "As the exclusive provider of ancillary services, American CareSource will be better positioned to drive additional market share to our participating providers, thus enhancing the value proposition for our contracted ancillary care givers. Under the terms of the new agreement, the logo for Ancillary Care Services, a subsidiary for American CareSource, will appear on all HSPC member ID cards. In addition, American CareSource providers will be identified in HSPC's directories. American CareSource and HSPC have also committed to the development of new products and services in order to provide comprehensive healthcare solutions in the marketplace."
Ted Parker, Chairman and Founder of HSPC, noted, "We are equally pleased to have extended our contract with American CareSource. They are a first-tier ancillary services provider and this extension is a direct reflection of the outstanding value added that they bring to the table."
About Ancillary Healthcare Services
American CareSource provides ancillary healthcare services through its network that offers cost effective alternatives to physician and hospital-based services. This market is estimated at $574 billion, and has grown to 30% of total national health expenditures. These providers offer services in over 30 categories, including laboratories, dialysis centers, free-standing diagnostic imaging centers, non-hospital surgery centers, as well as durable medical equipment such as orthotics and prosthetics, and others.
About American CareSource Holdings, Inc.
American CareSource Holdings, the first national, publicly traded ancillary care network services company, offers a comprehensive national network of approximately 2,500 ancillary service providers at over 25,000 sites through its subsidiary, Ancillary Care Services. The Company's ancillary network and management provides 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 ].
About HealthSmart Preferred Care II, LP
HSPC, together with its affiliated networks, constitutes the largest independently owned group of Preferred Provider Organizations (PPO) in the southwest United States. The Company maintains an extensive network of quality physicians and facilities that supports approximately 1.7 million members. HSPC is the industry leader in successfully integrating efficient technologies to expedite receipt, repricing and electronic transfer of claims. HSPC takes pride in offering outstanding products at competitive rates with excellent customer service. For additional information, please visit [ www.healthsmart.net ].
ANCI-G
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:
Any statements that are not historical facts contained in this release, including with respect to future engagements by clients, revenue growth, earnings, and guidance are forward-looking statements. It is possible that the assumptions made by American CareSource Holdings, Inc. for purposes of such statements may prove to be inaccurate or may not materialize. Actual results may differ materially from those projected or implied in any forward-looking statements. Such statements may involve further risks and uncertainties, including but not limited to those relating to demand for our services, pricing, market acceptance, our ability to integrate with our clients, our ability to attract and maintain providers, our ability to manage growth, the effect of economic conditions, and the affect of competitive services, risks in product development, the ability to complete transactions, and other risks identified in this release, and the Securities and Exchange Commission filings of American CareSource Holdings, Inc.