LOS ANGELES, July 8 /PRNewswire/ -- Ancillary Care Management, Inc. (ACM), the industry leader in managing the complex system of ancillary healthcare services delivery, recognizes a decade of offering customers on-line tools to manage and simplify the delivery of ancillary healthcare services in non-hospital settings.
ACM offers products and services designed to deliver solutions that manage high-dollar, highly fragmented services, such as specialty pharmacy, home infusion therapy, home care, and physician-administered prescriptions. With $1.2 billion in spend and 4.8 million transactions processed, ACM continues to deliver the only comprehensive approach to managing specialty pharmaceutical utilization, drug therapy spend, and related patient care.
During the company’s second quarter Board Meeting, CEO David Willcutts announced, “ACM is now delivering savings to our clients in excess of $50 million annually.” In fiscal year 2003 - 2004 alone, the company’s revenue increased nearly five-fold, and Mr. Willcutts reports new client implementations planned for 2005 are expected to almost double revenue in the current fiscal year.
ACM markets a complete solution that links participants in the complex ancillary benefits environment through a revolutionary suite of Web-based tools, accessible to customers through http://www.ACMcentral.com (TM). ACM’s network management model is unmatched in the industry. It is a flexible, proven Web-based system that delivers significant cost savings, receives superior client satisfaction ratings, and is managed by an experienced healthcare management team.
With the introduction of a Medicare Part D solution for home infusion drugs, ACM is poised once again to lead the way in providing technology solutions to ease the complexity of the drug therapy field. “ACM is pleased to offer Medicare payers an effective network solution for the coverage of home infusion therapies with our new Part D program,” said Mr. Willcutts.
Ancillary Care Management was originally established in 1995 by David Willcutts and Thomas McNulty as Health Integration Strategies. These two founders recognized the inefficiencies in the management of ancillary services and developed an information infrastructure for managing the many facets of the home care industry. For 10 years, ACM has developed and implemented solutions for the complex, disjointed, and largely manual-process-based ancillary care environment.
Managed care organizations signed contracts with ACM in 1996, enabling the company to manage the ancillary benefits for more than one million covered lives within the first 18 months in business. ACM’s technology was merged onto a Web-based platform in 1998 ( http://www.ACMcentral.com ), making the company’s technology more accessible to clients.
ACM has received venture funding from Delphi Ventures, Validus Partners, Split Rock Partners (formerly St. Paul Venture Capital), and Salix Ventures, positioning the company for rapid expansion. Today, ACM employs more than 200 clinicians and administrative staff involved in health care and technology management.
For more information on ACM, please visit our Web site at http://www.ACMcentral.com .
Ancillary Care Management, Inc.
CONTACT: Wendy Capetz of Ancillary Care Management, Inc., Director ofMarketing, +1-952-826-2552
Web site: http://www.ACMcentral.com/
