Advanzeon Solutions, Inc. Announces the Appointment of James L. Koenig to its Board of Directors
TAMPA, Fla., May 11, 2015 /PRNewswire/ -- Advanzeon Solutions, Inc. (OTCBB: CHCR), ("Advanzeon" or the "Company") is pleased to announce that James L. Koenig has been appointed to serve on the Company's Board of Directors, effective immediately. Mr. Koenig has functioned as the Company's Acting Chief Financial Officer since December, 2013.
"We actively recruited Mr. Koenig to accept a director's position on the Board because of his background, prudence and desire to assist the Company to achieve its immediate goal to provide the value promised to our customers and shareholders," said Dr. Mark Heidt, President and Director of Advanzeon Solutions, Inc..
"I am excited and honored to join the Company's Board of Directors. I believe this appointment allows me the platform to continue moving the Company forward to its next level of success," said Mr. Koenig. "I have seen, first hand, the potential of Advanzeon and its subsidiary, Pharmacy Value Management Solutions, Inc., and I am confident that the Company is absolutely poised to achieve its full financial potential."
Prior to joining the Company, Mr. Koenig was Senior Vice President and Chief Financial Officer of The Amacore Group from 1994 to 2007; Director of Regulatory Affairs and other executive positions for TECO Energy, Inc. from 1984 to 1994; and, various positions, the most recent being Assistant Comptroller for Duke Energy from 1970 to 1984. He received his Bachelors in Accounting from Indiana State University.
About Advanzeon Solutions, Inc.
Established in 1969, Advanzeon provides behavioral health, substance abuse and pharmacy management services, as well as sleep apnea programs, for employers, Taft-Hartley health and welfare Funds, and managed care companies throughout the United States. Headquartered in Tampa, Florida, the Company 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, please call 813-367-9080 or visit our website at www.advanzeon.com.
Forward-Looking Statements
Except for statements of historical fact, the matters discussed in this press release are forward looking and made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect the current beliefs and expectations of the Company's management, reflect numerous assumptions, and are subject to significant risks and uncertainties, many of which are beyond the Company's control. If any of these underlying beliefs, expectations or assumptions prove inaccurate or risks or uncertainties materialize, actual results may differ materially from those set forth in the forward-looking statements.
These risk factors include, among others, the ability of the Company to maximize its market share with new pharmacy initiatives, the ability of the Company's new pharmacy cost-savings program to guarantee a 10% or more reduction in pharmacy costs, our ability to achieve expected results from new business and to revolutionize the pharmacy sector of the healthcare industry, the ability to obtain a performance bond on satisfactory terms, the ability of the Company's pharmacy program to promote greater medication adherence without restricting access to needed medications, technological advances, challenges in development of new products and services, new products and services developed by competitors, the Company's ability to provide superior patient care while increasing its business and margins as a result of implementing its pharmacy cost-savings program, general industry conditions and competition, general economic factors, global trends toward health care cost containment, the effect of governmental regulation, including pharmaceutical industry regulation, insurance regulation and health care legislation, varying trends in member pharmacy utilization, increases or variations in cost of care, seasonality, our ability to manage healthcare operating expenses, the profitability (if any) from capitated pharmacy contracts or other products, and the Company's ability to obtain additional financing.
Advanzeon undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. Additional risk factors that could cause results to differ materially from those described in the forward-looking statements can be found in the Company's most recent Annual Report on Form 10-K and the Company's other filings with the Securities and Exchange Commission (SEC), which are available at the SEC's website at www.sec.gov.
SOURCE Advanzeon Solutions, Inc.
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