About Advanzeon Solutions

Advanzeon Solutions, Inc., through its wholly-owned subsidiary, Pharmacy Value Management Solutions, Inc., administers and operates a medically-driven sleep apnea program branded SleepMaster Solutions (SMS). SMS utilizes an administrative system for the identification/testing and therapy of obstructive sleep apnea (OSA). The company provides a solution designed to keep drivers on the road with no down time and compliant with Department of Transportation (DOT) regulations, improve their health, and decrease legal liability risk for the employer. It provides a ‘Program’ of services that addresses all the needs of a corporate transportation system, union or other driver-related organizations. The company’s services start with the identification of the target population and the potential risk the client has. The company could do this through its SMS Program, which includes the ability to screen every driver to identify if signs and symptoms of sleep apnea are present. The company could then take this data and provide the employer with a list of those drivers that should be tested and the statistical likelihood of the percentage of those drivers who would test positive for OSA. Together with the employer/union, SMS provides a time frame, actual total cost, and process for testing all drivers who need to be tested. For those drivers testing positive for OSA, the company then provides the appropriate treatment such that the driver would meet the DOT requirements and remain on the road. It monitors 365 days per year driver’s usage of the treatment device according to DOT standards and it reports that usage to all stakeholders as required/permitted. The company utilizes mathematical algorithms to determine if the driver is predicatively meeting the annual DOT requirements for usage. Using those predictive algorithms, the company reaches out to those drivers to provide case management and encouragement designed to solve problems such that the driver increases usage, if necessary, and remains compliant. SMS constructed its model based upon the foregoing principles. The SMS Program includes all processes attended in sleep apnea screening, testing, treatment, monitoring and overall management of commercial drivers’, as well as their employers’ needs. The company has established relationships with national health care clinic providers, all with certified medical examiner status. These clinics total approximately 1,000 throughout the U.S. The company also has both formal and informal relationships with employers; municipalities; a veteran’s group; union and non-union driving organizations; suppliers of home sleep testing equipment and various OSA treatment devices; and a national network of telemedicine sleep specialists covering all 50 states. The company obtains the required equipment on a per order basis from a durable medical equipment distributor. Marketing and Sales The company utilized independent sales agents for direct sales to commercial, Children’s Health Insurance Program health plans, and health care providers, as well as self-insured companies and unions. The company enters into written agreements with these sales agents. It has five such agents. The company’s customer service operations and telemarketing efforts are handle by independent contractors. It has seven such contractors. Government Regulation The company is subject to the requirements of the Health Insurance Portability and Accountability Act of 1996, as amended. History The company was founded in 1969. It was formerly known as Comprehensive Care Corporation and changed its name to Advanzeon Solutions, Inc. in 2014.

Country
Industry:
Hospital and medical service plans
Founded:
1969
IPO Date:
01/21/2009
ISIN Number:
I_US2046202071
Address:
2901 West Busch Boulevard, Suite 701, Tampa, Florida, 33618, United States
Phone Number
813 517 8484

Key Executives

CEO:
Marcus, Clark
CFO
Finestone, Arnold
COO:
Rauf, Abdul