Advanzeon Solutions, Inc.’s Wholly-Owned Subsidiary Pharmacy Value Management Solutions, Inc. Announces Attaining Preferred Provider Status With Most Major Insurance Carriers For Its Sleep Apnea Services

TAMPA, Fla.--()--Advanzeon Solutions, Inc.’s (OTCBB:CHCR) ("Advanzeon") wholly-owned subsidiary, Pharmacy Value Management Solutions, Inc. ("PVMS") (collectively, the "Company") announced today that it has received approval from most of the major insurance carriers to begin direct billing for patients utilizing its SleepMaster Solutions™ sleep apnea testing and treatment services. Specifically, PVMS is now a contracted, preferred provider with Aetna, Blue Cross Blue Shield, Cigna, Principal and United Healthcare, representing over 80% of commercial insurance coverage, nationwide, for working-age adults. Applications with a significant number of additional carriers, both national and local, are pending and expected to be approved shortly.

The Company’s CEO, Clark A. Marcus, stated, "Being able to accept most major, national and local insurance plans was a project we started months ago. We expect our ability to now take insurance will significantly increase our patient population and market share. As the nation’s premier, medically-driven, sleep apnea program in both the commercial trucking industry and for a substantially broader national population, we appreciate how important it is to both accept insurance from a large segment of the American population and to have an affordable pricing structure and payment plan available for those patients who do not have insurance coverage. Sleep apnea is a major factor in the rising cost of healthcare in the U.S. It is at an epidemic level. By attacking sleep apnea and the co-morbidity associated with it, we are convinced that we will not only be creating a healthier and safer population, but significantly assisting in reducing the overall cost of healthcare by as much as 20%. Our flexible payment plans and our ability to take insurance is a major step in that direction. We can now provide our patient population with not only the best medical care in the country for sleep apnea, but we can do so with minimal patient down time.”

Mr. Marcus went on to say, “It is important to realize that our medical team was, from inception, specifically designed not only to address sleep apnea, but also the various conditions causing or resulting from sleep apnea, such as cardiac disease, diabetes and obesity. We are extremely proud of our medical team and their accomplishments in that regard.”

About Advanzeon Solutions, Inc.

Established in 1969, Advanzeon, through its subsidiaries, owns and operates the nation’s most complete sleep apnea program known as SleepMaster Solutions™ (the “Program”). Headquartered in Tampa, Florida, the Company’s Program is available in all fifty states, Washington D.C. and Puerto Rico. The Program focuses on personalized attention, flexibility, a commitment to high-quality services and innovative approaches that address both the specific needs of clients and changing healthcare industry demands. For more information, visit our website at www.advanzeon.com.

Forward-Looking Statements

This press release contains forward-looking statements that are subject to risks and uncertainties. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. In some cases, you may identify forward-looking statements by words such as "may," "should," "plan," "intend," "potential," "continue," "believe," "expect," "predict," "anticipate" and "estimate," the negative of these words or other comparable words. These statements are only predictions. One should not place undue reliance on these forward-looking statements. The forward-looking statements are qualified by their terms and/or important factors, many of which are outside the Company's control, involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially from the statements made. The forward-looking statements are based on the Company's beliefs, assumptions and expectations of our future performance, taking into account information currently available to the Company. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to the Company. Neither the Company nor any other person assumes responsibility for the accuracy or completeness of these statements. The Company will update the information in this press release only to the extent required under applicable securities laws. If a change occurs, the Company's business, financial condition, liquidity and results of operations may vary materially from those expressed in the aforementioned forward-looking statements.

Contacts

For Advanzeon Solutions, Inc.
Philip Pulver, 509-528-9212
ppulver@pvmsco.com

Contacts

For Advanzeon Solutions, Inc.
Philip Pulver, 509-528-9212
ppulver@pvmsco.com