Emergency Medical Services signs Medical Transportation Management Agreement with State of Idaho
29 Aprile 2010 - 10:30PM
Business Wire
Emergency Medical Services Corporation (NYSE: EMS) (The Company)
today announced that its American Medical Response (AMR) subsidiary
has entered into a new agreement with the State of Idaho to provide
non-emergency medical transportation management services for the
State’s Medicaid beneficiaries.
Under the terms of the three-year agreement, which was effective
on April 16, 2010 with an expected 120-day implementation date, AMR
will provide management of non-emergency medical transportation
services for eligible Medicaid participants across the state
through its Access2Care operation.
According to William A. Sanger, EMSC Chairman and CEO, “As one
of the nation’s leading managers of medical transportation
services, we view the business of managing non-emergency medical
transportation — or NEMT — for states’ Medicaid populations as well
as health plans, as a natural extension of our core competencies in
logistics and call center management. We manage thousands of trip
requests daily from Access2Care’s sophisticated call centers across
the country. Our broad experience, advanced call center technology
and extensive transportation provider networks offer clients
high-quality, cost-effective medical transportation management
services for their beneficiaries.”
The Company anticipates the Idaho contract will contribute net
revenue of approximately $16 million in the first year, and a total
of approximately $50 million over the three year term of the
initial agreement. The Company estimates that nationwide, companies
providing NEMT management services in this segment generate
approximately $750 million in annual revenue.
Sanger concluded, “This is a growing market, as more states are
outsourcing this needed service to private providers. The Company
will continue to respond to requests for proposals from other
states as those opportunities arise.”
About Emergency Medical Services Corporation
Emergency Medical Services Corporation (EMSC) is a leading
provider of emergency medical services in the United States. EMSC
operates two business segments: American Medical Response, Inc.
(AMR), the Company’s healthcare transportation services segment,
and EmCare Holdings Inc. (EmCare), the Company’s outsourced
facility-based physician services segment. AMR is the leading
provider of ambulance services in the United States. EmCare is a
leading provider of outsourced physician services to healthcare
facilities. In 2009, EMSC provided services in 13.0 million patient
encounters in more than 2,200 communities nationwide. EMSC is
headquartered in Greenwood Village, Colorado. For additional
information, visit www.emsc.net.
About American Medical Response
American Medical Response Inc. (www.amr.net), America’s leading
provider of medical transportation, provides services in 39 states
and the District of Columbia. AMR’s 18,500 paramedics, EMTs and
other professionals transport more than three million patients
nationwide each year in critical, emergency and non-emergency
situations. Operating a fleet of approximately 4,500 vehicles, AMR,
a subsidiary of Emergency Medical Services Corporation, (NYSE: EMS)
is headquartered in Greenwood Village, Colorado.
Forward-Looking Statements
Certain statements and information herein may be deemed to be
"forward-looking statements" within the meaning of the Federal
Private Securities Litigation Reform Act of 1995. Forward-looking
statements may include, but are not limited to, statements relating
to our objectives, plans and strategies, and all statements (other
than statements of historical facts) that address activities,
events or developments that we intend, expect, project, believe or
anticipate will or may occur in the future. Any forward-looking
statements herein are made as of the date of this press release,
and EMSC undertakes no duty to update or revise any such
statements. Forward-looking statements are not guarantees of future
performance and are subject to risks and uncertainties. Important
factors that could cause actual results, developments and business
decisions to differ materially from forward-looking statements are
described in EMSC's filings with the SEC from time to time,
including in the section entitled “Risk Factors” in the Company’s
most recent Annual Report on Form 10-K and subsequent periodic
reports. Among the factors that could cause future results to
differ materially from those provided in this press release are:
the impact on our revenue of changes in transport volume, mix of
insured and uninsured patients, and third party reimbursement rates
and methods; the adequacy of our insurance coverage and insurance
reserves; potential penalties or changes to our operations if we
fail to comply with extensive and complex government regulation of
our industry; the impact of potential changes in the healthcare
industry generally resulting from legislation currently under
consideration; our ability to recruit and retain qualified
physicians and other healthcare professionals, and enforce our
non-compete agreements with our physicians; our ability to generate
cash flow to service our debt obligations; the cost of capital
expenditures to maintain and upgrade our vehicle fleet and medical
equipment; the loss of one or more members of our senior
management team; the outcome of government investigations of
certain of our business practices; our ability to successfully
restructure our operations to comply with future changes in
government regulation; the loss of existing contracts and the
accuracy of our assessment of costs under new contracts; the high
level of competition in our industry; our ability to implement our
business strategy; our ability to successfully integrate strategic
acquisitions; and our ability to comply with the terms of our
settlement agreements with the government.
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