Health and FitnessHealth and Fitness
Wed, January 18, 2012
[ Wed, Jan 18th 2012 ] - Market Wire
Malbex Grants Share Options
[ Wed, Jan 18th 2012 ] - Market Wire
Gas Bills Dropping Again

Comprehensive Care Corp. (CHCR) Completes Its Network Across Puerto Rico


Published on 2012-01-18 05:37:12 - Market Wire
  Print publication without navigation


January 18, 2012 08:30 ET

Comprehensive Care Corp. (CHCR) Completes Its Network Across Puerto Rico

Note to Editor: The Following News Coverage Is Being Released by Century Market Research

NEW YORK, NY--(Marketwire - Jan 18, 2012) - Comprehensive Care, Corp. (OTCBB: [ CHCR ]), a behavioral health, substance abuse and at-risk psychotropic pharmacy management services company, has announced that they have completed its build out of a fully contracted and credentialed specialty behavioral health provider network across the island of Puerto Rico to serve its clients and insured Medicare members. Comprehensive Care could help manage behavioral health and pharmacy services for mid-size health plans or larger that focus on Medicare and Medicaid-entitled members.

National health care spending grew for the second consecutive year in 2010 to $2.6 trillion, bringing it in line with growth in the U.S. economy, the Department of Health and Human Services reported this month. As health plans have been incurring new compliance and regulatory costs related to the health care reform law, there could be more need for management services for the managed care providers.

Medicare spending grew 5 percent in 2010. One of the factors for the growth was that health laws required the federal government to decrease payments to Medicare Advantage plans. The health law aims to equalize what the federal government pays for beneficiaries in both programs. This could also benefit Comprehensive Cares position.

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid Century Market Research twelve hundred and ninety five dollars for the publication and circulation of this news release. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation; do no trading of any kind and send no faxes or emails.