Assure Holdings Enters into In-Network Agreement with Aetna Colorado
2021年4月28日 - 9:30PM
Assure Holdings Corp. (the “
Company” or
“
Assure”) (TSXV: IOM; OTCQB: ARHH), a provider of
intraoperative neuromonitoring services (“
IONM”),
is pleased to announce that it has signed an agreement (the
“
Agreement”) with Aetna Colorado
(“
Aetna”). The Agreement is effective as of May 1,
2021, and allows the Company to provide its neuromonitoring
services as an in-network healthcare provider for Aetna in the
state of Colorado.
The Agreement will help streamline the Company’s billing and
collections process in Colorado by including contracted rates,
payment of claims within 45 days, medical necessity conditions and
dispute resolution steps. The Agreement includes a right for both
parties to terminate the Agreement with 90 days written notice.
“Aetna is one of the largest commercial insurance companies in
the U.S., and given our growing network of contracts with this
payor, we view them as a strategic partner and look forward to
working with them in other markets,” said John A. Farlinger,
Assure’s executive chairman and CEO. “Executing this Agreement is
another important step forward as Assure further develops an
in-network revenue stream.”
Farlinger added, “This Agreement reduces Assure’s risk,
minimizes complexity and accelerates payment on cases associated
with Aetna Colorado. Few of our IONM peers have the scale or
experience to strike similar deals.”
About Assure HoldingsAssure Holdings Corp. is a
Colorado-based company that works with neurosurgeons and orthopedic
spine surgeons to provide a turnkey suite of services that support
intraoperative neuromonitoring activities during invasive
surgeries. Assure employs its own staff of technologists and uses
its own state-of-the-art monitoring equipment, handles 100% of
intraoperative neuromonitoring scheduling and setup, and bills for
all technical services provided. Assure Neuromonitoring is
recognized as providing the highest level of patient care in the
industry and has earned the Joint Commission’s Gold Seal of
Approval®. For more information, visit the company’s website
at www.assureneuromonitoring.com.
Forward-Looking StatementsThis news release may
contain “forward-looking statements” within the meaning of
applicable securities laws, including but not limited to: comments
with respect to strategies; expectations; planned operations;
future actions of the Company; the Company’s growth potential and
strategy and the expected effects of the Agreement on the Company’s
business and operations. These statements are based upon the
current expectations and beliefs of management and are subject to
certain risks and uncertainties that could cause actual results to
differ materially from those described in the forward-looking
statements. These risks and uncertainties include, but are not
limited to: the Agreement may not streamline the Company’s billing
and collections process in Colorado; the Company may not work with
Aetna in markets outside Colorado; the Company’s strategy to
develop an in-network revenue stream; the uncertainty surrounding
the spread of COVID-19 and the impact it will have on the Company’s
operations and economic activity in general and the risks and
uncertainties discussed in our most recent annual and quarterly
reports filed with the Canadian securities regulators and available
on the Company’s profile on SEDAR at www.sedar.com, which risks and
uncertainties are incorporated herein by reference. Readers are
cautioned not to place undue reliance on forward-looking
statements. Except as required by law, Assure does not intend, and
undertakes no obligation, to update any forward-looking statements
to reflect, in particular, new information or future events.Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
ContactScott Kozak, Investor and Media
RelationsAssure Holdings
Corp.1-720-287-3093Scott.Kozak@assureiom.com
Assure (TSXV:IOM)
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