|
|
|
Healthcare Management |
| |
Conmed Healthcare Management, Inc. Announces $1.6
Million in Annual Price Increases and Service Additions
Other Topics:
Medical Informatics
Software Development,
Bioinformatics Initiatives
Conmed Healthcare Management, Inc.
July 20, 2008
Hanover, MD -- Conmed Healthcare Management, Inc. (OTCBB:CMHM) a
leading full service provider of correctional facility
healthcare services to county detention centers, today announced
it has been awarded over $1.6 million in annual price increases
and service additions to fourteen existing medical service
contracts. These increases, which represent a 13% increase in
revenue on these 14 contracts with contract anniversary dates
between April 1 and June 30, are the result of annual price
adjustments, as well as additional services Conmed has been
asked to provide at these facilities. |
| |
|
|
| |
Dr.
Richard W. Turner, President and Chief Executive Officer,
commented, "These price and service increases further validate
our business value proposition as our performance and compliance
rate continue to result in long-term customer relationships and
opportunities for us. We are proud of our track record in
serving our clients and look forward to continuing to provide
the high quality care and services our clients have come to
expect. Conmed today continues to win new medical service
contracts and to expand existing contracts, and has maintained a
100% client retention rate, which is unrivaled in our industry.
We believe it is also a validation of our ability to deliver
incremental, organic revenue growth for our shareholders."
About Conmed
Conmed has provided correctional healthcare
services since 1984, beginning in the Sate of Maryland, and
currently services detention centers and correctional facilities
in thirty-one counties in six states, including Washington,
Oregon, Kansas, Virginia, Arizona and Maryland. Conmed's
services have expanded to include mental health, pharmacy and
out-of-facility healthcare services.
Forward Looking Statements
This press release may contain, among other things, certain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995, including, without
limitation, (i)
statements with respect to the company's plans, objectives,
expectations and intentions; and (ii) other statements
identified by words such as "may", "could", "would", "should",
"believes", "expects", "anticipates", "estimates", "intends",
"plans", "projects", "potentially" or similar expressions. These
statements are based upon the current beliefs and expectations
of the Company's management and are subject to significant risks
and uncertainties including those contained in its public
filings. Actual results may differ from those set forth in the
forward-looking statements. These forward-looking statements
involve certain risks and uncertainties that are subject to
change based on various factors (many of which are beyond the
Company's control including, without limitation, the Company's
ability to increase revenue and to continue to obtain contract
renewals and extensions). |
| |
|
|
| |
|
|
