WellTek Announces Final Phase of Program Rollout for Wholly-Owned Subsidiary Pure HealthyBack
2010年1月16日 - 6:05AM
PRニュース・ワイアー (英語)
Bundled-Payment Strategy Fits Right into Healthcare Reform
Initiative ORLANDO, Fla., Jan. 15 /PRNewswire-FirstCall/ -- WellTek
Incorporated (OTC Bulletin Board: WTKN), a global health, fitness
and wellness company that is committed to combating chronic neck
and back pain, announced today that Pure HealthyBack, Inc., a
wholly owned subsidiary, is in advanced discussions with several
health plans across the country to adopt and rollout its Pure
HealthyBack Program. More specifically, over the past year, Pure
HealthyBack has been implementing a multi-phased plan to ultimately
build and operate a national network of medical rehabilitation
centers for chronic neck and back pain utilizing MedX medical
machines, scientifically proven clinical protocols, and an
innovative patient-centric approach that places a keen focus on
quality care, measurable health outcomes, and cost savings over the
life of the patient. The Program's unique approach effectively
manages each patient's condition with long-term value in mind. The
overriding mission of the Pure HealthyBack Program is to get
patients out of the formal healthcare system's expensive
merry-go-round and measurably improve their quality of life. The
game changing innovation of the Pure HealthyBack model is its
"bundled-payment approach" that is a big part of the discussion on
Capital Hill these days. The Congressional Budget Office (CBO) has
estimated that the bundled payment approach would save $19 billion
between 2010 and 2019; and according to the New England Journal of
Medicine, even greater opportunities exist in bundling payments for
treatment of chronic diseases. Randy Lubinsky, Chairman and CEO of
WellTek Inc., stated, "Our objective is to get chronic neck and
back pain patients off the medical merry-go-round and out of the
formal healthcare system. By bundling services and payments, we
provide health plans with the solution to chronic neck and back
pain that help to address the nation's concerns: controlling costs,
achieving better outcomes and delivering higher quality of care."
There are over 1,500 health plans (both private and public) across
the nation covering 175 million insured lives. About Pure
HealthyBack, Inc. Pure HealthyBack offers a forward-thinking,
turnkey program for health plans, large self-insured employer
groups, federal government agencies and consumers. Its viable
non-surgical treatment helps patients resolve chronic neck and back
pain - ailments that cost the U.S. healthcare system as much as
$100 billion each year and afflict an estimated 80% of all adult
Americans. The Program is designed to provide care based on the
needs of the patient, not the system - avoiding costly treatments
and procedures that are often unnecessary, unproven and
unsuccessful, thereby drastically cutting the costs of claims,
improving patient satisfaction and quality of life, and reducing
utilization rates. For more information, please visit
http://www.purehealthyback.com/. About WellTek Incorporated WellTek
is a global health, fitness and wellness company that provides
solutions to help address some of the world's most pressing and
costly health challenges--obesity and chronic neck and back pain.
The Company's subsidiary, MedX Limited, manufactures, markets and
distributes the most advanced medical exercise equipment to the
medical and fitness markets. Through its wholly owned subsidiary
Pure HealthyBack, Inc., WellTek is redefining healthcare delivery
by providing health plans, self-insured employer groups, and
consumers with a viable non-surgical, lower cost treatment for
patients who are seeking lasting relief from chronic neck and back
pain. The Company also owns and operates lime Fitness, Inc., a
high-end fitness and exercise studio specializing in lifestyle
fitness coaching designed to facilitate life, image and mind
enrichment. For more information on the Company, please visit
http://www.welltekinc.com/. Certain statements contained in this
press release, which are not based on historical facts, are
forward-looking statements as the term is defined in the Private
Securities Litigation Reform Act of 1995, and are subject to
substantial uncertainties and risks in part detailed in the
respective Company's Securities and Exchange Commission filings,
that may cause actual results to materially differ from
projections. Although the Company believes that its expectations
are reasonable assumptions within the bounds of its knowledge of
its businesses, expectations, representations and operations, there
can be no assurance that actual results will not differ materially
from their expectations. Important factors currently known to
management that could cause actual results to differ materially
from those in forward-looking statements include the Company's
ability to execute properly its business model, to raise additional
capital to implement its continuing business model, the ability to
attract and retain personnel - including highly qualified
executives, management and operational personnel, ability to
negotiate favorable future debt facilities and capital raises, and
the inherent risk associated with a diversified business to achieve
and maintain positive cash flow and net profitability. In light of
these risks and uncertainties, there can be no assurance that the
forward-looking information contained in this press release will,
in fact, occur. FOR MORE INFORMATION, PLEASE CONTACT: Elite
Financial Communications Group, LLC Dodi B. Handy, President &
CEO (Twitter: dodihandy) Kathy Addison, VP of Elite Media Group
(Twitter: kathyaddison) 407-585-1080 or via email at DATASOURCE:
WellTek Incorporated CONTACT: Elite Financial Communications Group,
LLC: Dodi B. Handy, President & CEO (Twitter: dodihandy), Kathy
Addison, VP of Elite Media Group (Twitter: kathyaddison),
+1-407-585-1080, Web Site: http://www.welltekinc.com/
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