Apollo Medical Holdings, Inc. ("ApolloMed") (OTC-QB: AMEH), an integrated physician-centric healthcare delivery company, today announced that ApolloMed ACO has partnered with Rite Aid (NYSE: RAD), one of the nation’s leading drugstore chains, on a pioneering program to provide community-based health management for patients with chronic and poly-chronic health conditions. Rite Aid Health Alliance will help patients in the greater Los Angeles area achieve health improvement goals established by their ApolloMed ACO physicians.
“Rite Aid's Health Alliance fits with our integrated model of providing comprehensive care and support to individuals with chronic conditions,” stated Warren Hosseinion, M.D., Chief Executive Officer of Apollo Medical Holdings. “ApolloMed ACO patients will have access to dedicated care teams of pharmacists, who are among the most accessible and trusted healthcare resources, and specially trained in-store healthcare coaches at select Rite Aid locations throughout the Greater Los Angeles area. We started this program in the fall of 2013 and the initial feedback from patients, their families and primary care physicians has been outstanding.”
Patients with conditions such as congestive heart failure, COPD, high cholesterol and diabetes, are recommended to the program by their ApolloMed ACO primary care physician. Rite Aid pharmacists and specially trained care coaches, located in Rite Aid pharmacies, work with the physician and patient on an on-going basis to improve the patient’s overall health and self-management abilities. The care team members collaborate with the patient to establish health goals, eliminate barriers and create a personalized health care action plan in coordination with the patient’s physician.
“Through our innovative Rite Aid Health Alliance program and partnership with ApolloMed, we will help patients with the resources and support necessary to successfully manage their conditions and improve their overall health and well being,” said Rite Aid Chairman and CEO John Standley.
The full range of services available to patients participating in Rite Aid Health Alliance includes medication compliance support, comprehensive medication reviews and reconciliation, nutrition and weight management information, disease education, exercise coaching and tobacco cessation support. Records of all program patient interactions occurring in Rite Aid pharmacies and updates from their ApolloMed ACO physician are stored electronically, along with patient profiles including medications and lab results. This supports continuity of care and provides convenient access of information to other members of the patient's healthcare team.
About ApolloMed ACO
A subsidiary of Apollo Medical Holdings, Inc., ApolloMed ACO was one of only eight ACOs selected to participate in the Medicare Shared Savings Program (MSSP) by CMS in the State of California in 2012. Physicians in Greater Los Angeles, Orange County and Central California have joined ApolloMed ACO to enhance patient engagement and lower healthcare costs through the coordination of care and integration of clinical services across all aspects of a patient’s healthcare needs – whether in the primary care office, seeing a specialist, admitted to the hospital or at home. Through a shared commitment to reducing Medicare expenditures and delivering superior quality care to its patients, ApolloMed ACO and its physicians enjoy a culture that supports, incentivizes and rewards continuous quality improvement across the care continuum.
About Apollo Medical Holdings, Inc. (ApolloMed)
ApolloMed is a leading provider of physician-centric, integrated healthcare management services, fueled by its commitment to provide exceptional multi-disciplinary care in the communities it serves in Southern and Central California. ApolloMed is addressing the healthcare needs of the nation’s largest population center by leveraging its integrated healthcare delivery platform comprised of three affiliated and complementary physician groups: ApolloMed Hospitalists, ApolloMed ACO (Accountable Care Organization) and Maverick Medical Group (Independent Physician Association). This platform combines hospitalist medicine, critical care medicine, case management and transition management that enable healthcare organizations to engage in performance payments for utilization efficiency, quality of care objectives and shared accountability arrangements. ApolloMed strives to improve medical outcomes with high-quality, cost-efficient care. For more information, please visit www.apollomed.net.
Forward Looking Statements
This press release may contain forward-looking statements, including information about management's view of future expectations, plans and prospects for Apollo Medical Holdings, Inc. (“the Company”). In particular, when used in the preceding discussion, the words “predicts,” “believes,” “expects,” “intends,” “seeks,” “estimates,” “plans,” “anticipates,” and similar conditional expressions or future or conditional verbs such as “will,” “may,” “might,” “should,” “would” and “could” are intended to identify forward-looking statements. In addition, our representatives may from time to time make oral forward-looking statements. Any such statements, other than those of historical fact, about an action, event or development, are forward-looking statements. Such statements are based on the current expectations and certain assumptions of the Company’s management. Such statements are, therefore, subject to a variety of known and unknown risks, uncertainties and other factors, many of which are beyond the control of the Company, which could cause the actual results, performance or achievements of the Company, its subsidiaries and concepts to be materially different than those that may be expressed or implied in such statements or anticipated on the basis of historical trends. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company’s actual results, performance or achievements may vary materially from those described in the relevant forward-looking statement as being expected, anticipated, intended, planned, believed, sought, estimated or projected. Unknown or unpredictable factors also could have material adverse effects on the Company’s future results. The forward-looking statements included herein are made only as of the date hereof. The Company cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, the Company undertakes no obligation to update or revise these forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made, except as required by law, and also takes no obligation to update or correct information prepared by third parties that are not paid for by the Company. You should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed under Item 1A. “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended January 31, 2013 and in any of the Company’s other subsequent Securities and Exchange Commission filings.
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