Apollo Medical Holdings Selected to Provide Multi-Specialty Hospitalist Services to Pacifica Hospital of the Valley
GLENDALE, Calif., May 8, 2013 /PRNewswire/ -- Apollo Medical Holdings, Inc. ("ApolloMed") (OTCQB: AMEH), an integrated physician-driven healthcare delivery company that puts 'Patients First,' today announced that its wholly-owned subsidiary, ApolloMed Hospitalists, signed a service agreement with Pacifica Hospital of the Valley to provide comprehensive multi-specialty hospitalist services to the hospital.
Under the terms of the agreement, ApolloMed will provide 24/7 hospitalist, cardiology and general surgical coverage for the hospital. ApolloMed will also work with the hospital administration to optimize lengths of stay, reduce Medi-Cal and RAC denial rates, improve documentation and increase hospital throughput.
Pacifica Hospital of the Valley is a 242-bed acute care hospital that has been a major provider of healthcare to adults and children in the San Fernando Valley for over three decades. With a population of nearly 405,000 living within a five-mile radius, Pacifica offers a full range of inpatient and outpatient services, including a 24-hour emergency department, surgical services, behavioral health services and maternity care.
"We are very pleased to have been selected as the new multi-specialty hospitalist group for Pacifica Hospital," stated Warren Hosseinion, M.D., CEO of Apollo Medical Holdings, Inc. "As we continue to execute our defined strategies to establish ApolloMed as a preferred provider of integrated inpatient and outpatient services focused on delivery of cost-effective, quality care, we look forward to working with Pacifica's medical staff and hospital administration to effectively and safely co-manage treatment, navigate care transitions, and coordinate the input of the many people required to achieve optimal outcomes for its patients."
"It is clear that ApolloMed shares Pacifica's core values of excellence, commitment to teamwork and dedication to improving patient care and outcomes," stated Pacifica Hospital CEO Ayman Mousa, MBA, DH. "Consequently, we are delighted to form this partnership and look forward to a prosperous affiliation with ApolloMed."
About Apollo Medical Holdings, Inc. (ApolloMed)
Headquartered in Glendale, California and dedicated to putting the 'Patient First,' ApolloMed is a physician-driven integrated healthcare delivery company, 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 through its complementary physician groups: ApolloMed Hospitalists and ApolloMed ACO (Accountable Care Organization). This platform combines hospitalist medicine, critical care medicine, patient care coordination, 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 Apollo Medical Holdings, Inc. ("the Company") future expectations, plans and prospects. In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements. Any statements made in this press release other than those of historical fact, about an action, event or development, are forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors, which may cause the results of the Company, its subsidiaries and concepts to be materially different than those expressed or implied in such statements. Unknown or unpredictable factors also could have material adverse effects on the Company's future results. The forward-looking statements included in this press release 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 these statements after the date of this release, 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 Apollo Medical Holdings, Inc.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Dodi Handy or Kathy Addison
407-585-1080 or via email at AMEH@hanoverelite.com
SOURCE Apollo Medical Holdings, Inc.
Released May 8, 2013