5429 Lyndon B. Johnson Freeway
Dallas, TX 75240
USA - Map
Phone: +1 972 308-6830
|Exchange:||NASDAQ national market|
|Stock:||American Caresource Holdings, Inc.|
|American CareSource Holdings, Inc. was incorporated under the laws of the State of Delaware on November 24, 2003 as a wholly-owned subsidiary of Patient Infosystems, Inc. (Patient Infosystems) in order to facilitate Patient Infosystems’ acquisition of substantially all of the assets of American CareSource Corporation. American CareSource Corporation had been in operation since 1997. The predecessor company to American CareSource Corporation, Physician’s Referral Network, had been in operation since 1995. On December 23, 2005, the Company became an independent company. The Company is an ancillary benefits management company that offers cost effective access to a comprehensive national network of ancillary healthcare service providers. The Company offers payors this solution by: lowering the cost of its payors’ ancillary care costs throughout its network of high quality, cost effective providers that it has under contract at more favorable terms than they could generally obtain on their own; providing payors with a comprehensive network of ancillary healthcare services providers that is tailored to each payor’s specific needs and is available to each payor’s covered persons for covered services; providing payors with claims management, reporting, and processing and payment services; performing network/needs analysis to assess the benefits to payors of adding additional/different service providers to the payor -specific provider networks; and credentialing network service providers for inclusion in the payor -specific provider networks. The Company’s clients are national, regional and local health plans, which include preferred provider organizations (PPOs), third party administrators (TPAs), insurance companies, large self-funded organizations and Taft-Hartley union plans (i.e., employee benefit plans that are self-administered under collective bargaining agreements), that engage the Company to provide them with a complete outsourced solution designed to manage each payor’s obligations to its covered persons. Ancillary healthcare services include a broad array of services that supplement or support the care provided by hospitals and physicians, including the non-hospital, non-physician services associated with surgery centers, free-standing diagnostic imaging centers, home health and infusion, supply of durable medical equipment, orthotics and prosthetics, laboratory and other services. Some of the competitors are Aetna, Blue Cross/Blue Shield plans, Cigna, Humana, and United HealthCare. The healthcare industry is extensively regulated by both the Federal and state governments.|
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