ORLANDO, Fla., Oct. 27 /PRNewswire-FirstCall/ -- PainCare Holdings, Inc. , one of the nation’s leading providers of pain-focused medical and surgical solutions and services, today announced the appointment of Maria R. McAfee as President of Integrated Pain Solutions (IPS), a newly formed, wholly-owned subsidiary of PainCare Holdings that is engaged in developing and implementing the healthcare industry’s first pain-focused Specialized Managed Service Organization.
“PainCare’s vision for establishing a true continuum of excellence in the delivery and administration of pain-related care is not only pioneering and intuitive, but precisely in sync with the prevailing needs of payers who are actively seeking a comprehensive solution to address rising pain costs,” noted McAfee. “PainCare is widely recognized across the healthcare industry as a noted expert in its field. Consequently, the Company is ideally qualified to provide care providers with evidenced-based clinical pathways to maximize successful pain treatment outcomes, while aiding payers in controlling associated medical costs. I’m very pleased to be joining the PainCare team, and fully expect that IPS will represent yet another exciting growth platform for the Company.”
Prior to joining IPS, McAfee served as Executive Vice President, National Labor Union Services for MedLink HealthCare Networks, Inc., a specialized Managed Service Organization engaged in administering diagnostic imaging services for the payer community. With over 20 years senior managerial experience in the healthcare industry, McAfee brings IPS a proven skill set in the design, development and financial management of ancillary services networks, practice management and comprehensive outpatient service delivery systems. She has in-depth expertise in reimbursement methodologies, including experience in managing capitated risk profitability for a broad range of physician specialty segments in a number of geographic regions. McAfee also has comprehensive knowledge of provider organizations, including design and implementation of computerized support systems and quality assurance programs exceeding third party standards of service, equipment and emergency protocols.
Noted as an industry expert, McAfee is a regular industry spokesperson and speaker for national healthcare organizations, including the American College of Radiology, the Radiology Business Managers Association, the Medical Group Management Association and the Magnetic Resonance Managers Society. She is an accountant with a degree from Queens College and has completed post graduate studies at New York University in Health Care Business Administration.
Randy Lubinsky, Chief Executive Officer of PainCare, stated, “Maria’s appointment as IPS’ President represents the first critical step in launching our Specialized Managed Service Organization for pain. Her extensive healthcare background, highly regarded industry reputation and understanding of both provider networks and third party payer organizations makes her the right choice to lead the development and implementation of IPS. We’re delighted to welcome her aboard.”
About PainCare Holdings, Inc.
Headquartered in Orlando, Florida, PainCare Holdings, Inc. is one of the nation’s leading providers of pain-focused medical and surgical solutions and services. Through its proprietary network of acquired or managed physician practices and ambulatory surgery centers, and in partnership with independent physician practices and medical institutions throughout the United States and Canada, PainCare is committed to utilizing the most advanced science and technologies to diagnose and treat pain stemming from neurological and musculoskeletal conditions and disorders.
Integrated Pain Solutions, a wholly owned subsidiary of PainCare Holdings, is a pain-focused Specialized Managed Service Organization currently engaged in establishing provider networks in select U.S. markets to manage and administer the delivery of pain care for the payer community. Through its wholly owned subsidiary, Caperian, Inc., PainCare offers medical real estate and development services. For more information on PainCare Holdings, please visit http://www.paincareholdings.com.
This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and are made based on management’s current expectations or beliefs as well as assumptions made by, and information currently available to, management. These forward-looking statements, which may include statements regarding our future financial performance or results of operations, including expected revenue growth, cash flow growth, future expenses, future operating margins and other future or expected performance, are subject to the following risks: the acquisition of businesses or the launch of new lines of business, which could increase operating expenses and dilute operating margins; the inability to attract new patients by our owned practices, the managed practices and the limited management practice; increased competition, which could lead to negative pressure on our pricing and the need for increased marketing; the inability to maintain, establish or renew relationships with physician practices, whether due to competition or other factors; the inability to comply with regulatory requirements governing our owned practices, the managed practices and the limited management practices; that projected operating efficiencies will not be achieved due to implementation difficulties or contractual spending commitments that cannot be reduced; and to the general risks associated with our businesses.
In addition to the risks and uncertainties discussed above you can find additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements in the reports that we have filed with the Securities and Exchange Commission. The forward-looking statements contained in this press release represent our judgment as of the date of this release and you should not unduly rely on such statements. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward- looking statements, whether as a result of new information, future events or otherwise after the date of this press release. In light of these risks and uncertainties, the forward-looking events and circumstances discussed in the filing may not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
FOR MORE INFORMATION, PLEASE CONTACT: Media Relations Suzanne Beranek at 407.475.0763 or via email at suzanne@beranekcommunications.com Investor Relations Dodi Handy, Elite Financial Communications Group, LLC at 407.585.1080 or via email at prz@efcg.net
PainCare Holdings, Inc.
CONTACT: Media Relations, Suzanne Beranek, +1-407-475-0763, orsuzanne@beranekcommunications.com, or Investor Relations, Dodi Handy ofElite Financial Communications Group, LLC, +1-407-585-1080, orprz@efcg.net, both for PainCare Holdings, Inc.
Web site: http://www.paincareholdings.com//
