- The expected number of assessments pursuant to the contract
is approximately 20,000 annually at a minimum of US$200 per assessment.
- With nearly 80 clinicians, CareSpan is starting to attract
the attention of large organizations requiring health services as
its "Clinic-in-the-Cloud" led provider network aims to help address
the primary care shortage in the US.
VANCOUVER, BC, December 7, 2021 /CNW/ - CareSpan Health,
Inc. (TSXV: CSPN) ("Company" or "CareSpan"), the
provider of the "Clinic-in-the-Cloud" platform addressing the
primary care shortage and improving the delivery of chronic, urgent
and mental health care is pleased to announce that American
Advanced Practice Network ("American-APN"), a CareSpan
professional corporation, has been awarded a contract to conduct
disability assessments for veterans in multiple states and
locations across the United States
(the "Contract"). American-APN, has approximately 80
practitioners in the United States
using the CareSpan "Clinic-in-the-Cloud"™ solution to deliver
primary, chronic, and urgent care to underserved geographies in
the United States.
As of November 2021, the Company
has begun to conduct such disability assessments pursuant to the
Contract, and the first group of American-APN nurse practitioners
("NPs") have been approved to conduct patient examinations.
The NPs will deliver high-quality, empathetic, and efficient
examinations as they help reduce the large volume of exams.
Pursuant to the Contract, the Company expects to conduct
approximately 20,000 assessments annually, billing a minimum of
US$200 per assessment.
"This Contract is an example of how CareSpan enables Nurse
Practitioners to address care delivery gaps across the United States," noted Melissa Magstadt, CEO of American-APN.
"Initiatives like this allow NPs to grow their practices without
sacrificing the quality of care and help CareSpan American-APN grow
its NP network by attracting new NPs to join."
Rembert de Villa, CareSpan's CEO
commented, "With nearly 80 clinicians in our network, this contract
demonstrates how CareSpan has achieved sufficient reach to start
attracting the attention of organizations such as government
agencies, insurance companies, and other payors requiring
healthcare services for their members. For this veterans' medical
assessments contract, CareSpan expects about a third of its current
NPs in the network to be approved and trained to support this
engagement as examination volumes grow over the next several months
in our assigned locations."
About CareSpan Health
CareSpan is a healthcare technology company that has developed
and deployed a unique, proprietary integrated digital care
platform, the CareSpan Clinic-in-the Cloud™, that creates
unfettered access to care for the underserved. With a
patient-centric approach focused on improving health outcomes,
CareSpan uses sophisticated digital tools and capabilities to
improve patient outcomes in primary care, chronic care, urgent
care, and mental health.
In addition to the integrated digital care platform, CareSpan
has built and deployed a business support infrastructure for its
professional network partners, American-Advanced Practice Network
and American-MedPsych Network. American-Advanced Practice Network
harnesses the clinical capabilities of Nurse Practitioners to
address the shortage in primary and chronic care in the
country. American-MedPsych brings together providers to
tackle shortages in mental health, as well as primary care.
Clinic-in-the-Cloud is a trademark of CareSpan USA Inc., a subsidiary of CareSpan Health,
Inc.
For more information, visit: www.carespanhealth.com
Forward-Looking Statements Disclaimer
This news contains "forward-looking statements" within the
meaning of applicable Canadian securities laws (collectively,
"forward-looking statements") which reflect the current
expectations of management of the company's future growth, results
of operations, performance, and business prospects and
opportunities, including the statements made above with respect to:
(i) CareSpan obtaining future opportunities of the same nature as
the Contract; (ii) the number of NPs obtaining the credentials and
training necessary to support the engagement described herein;
(iii) the quality and delivery of services by the NPs; and (iv) the
anticipated revenues generated by the engagement described herein.
Forward-looking statements are frequently, but not always,
identified by words such as "may", "would", "could", "will",
"should", "expect", "plan", "anticipate", "believe", "estimate",
"predict", "potential for", "intend" and similar expressions or the
negative of these terms or other comparable terminology, although
these words may not be present in all forward-looking
statements.
Should assumptions or uncertainties underlying the
forward-looking statements prove incorrect, actual results,
performance, or achievements may vary materially from those
expressed or implied by the forward-looking statements contained in
this news release. Some of these risk factors include, but are not
limited to, general market and economic risk; any necessary
regulatory approvals required (if applicable) for the Company to
deliver the services under the Contract; the ability of the
Company's management to execute its strategy; and the ability of
all parties to the Contract to fulfill their obligations under the
Contract. In addition, investors are encouraged to review the risk
factors set forth in the Filing Statement dated November 15, 2021. These factors should be
considered carefully, and prospective investors should not place
undue reliance on the forward-looking statements. Although the
forward-looking statements contained in the news release are based
upon what management currently believes to be reasonable
assumptions, the company cannot assure prospective investors that
actual results, performance or achievements will be consistent with
these forward-looking statements. Except as required by law, the
company expressly disclaims any intention or obligation to update
or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
This press release does not constitute an offer to sell or
the solicitation of an offer to buy securities.
The TSX-V and its Regulation Services Provider have not
approved the contents of, nor taken responsibility for the adequacy
or accuracy of, this press release.
SOURCE CareSpan Health, Inc.