Netsmart Technologies Signs Five Contracts With Combined Value of $1.1 Million With North Carolina Payors and Providers
06 January 2005 - 2:03AM
PR Newswire (US)
Netsmart Technologies Signs Five Contracts With Combined Value of
$1.1 Million With North Carolina Payors and Providers Netsmart
continues to execute its plan to implement its Integrated Solutions
for North Carolina Managed Care Requirements GREAT RIVER, N.Y.,
Jan. 5 /PRNewswire-FirstCall/ -- Netsmart Technologies, Inc.
(NASDAQ:NTST), a leading supplier of enterprise-wide software for
health and human services providers through its wholly owned
subsidiary, Creative Socio-Medics Corp. (Creative), today announced
that Creative has been awarded five contracts with a total value of
$1.1 million for Local Management Entities (LME's) for mental
health services in North Carolina. These contracts are with
Guilford Mental Health, Wilson-Greene and Roanoke-Chowan Mental
Health, Southeastern Regional Mental Health, Port Human Services
Methadone Treatment and Life Incorporated and are to be performed
over a 1-year period. The contracts cover the license, service and
maintenance of Creative's Avatar ensemble of products and
value-added web-based ASP products in a multi-tiered delivery
environment. Netsmart management reports, "The CareLink product, is
an integral component of the North Carolina system solution and has
been adapted to meet the dynamic compliance requirements of the
North Carolina market. We believe that our state-specific product
the web-based CareLink platform and ASP deployment model have
brought us to this point in North Carolina." Creative now has 10
LME's under contract representing more than 30 percent of the
counties in North Carolina. Each LME is responsible for authorizing
treatment, monitoring outcomes, and billing state governed funds,
including Medicaid, through an Integrated Payment and Reporting
System. Creative's HIPAA compliant integrated Avatar MSO and
CareLink solution, is designed to enable the LME to seamlessly
communicate with its contract provider network, manage enrollments,
authorizations and complete the claims process. About Netsmart
Technologies, Inc. Netsmart Technologies, Inc. of Great River, NY,
through Creative Socio- Medics, is an established, leading supplier
of enterprise-wide software solutions for health and human services
providers with over 600 clients, including 26 systems with state
agencies. Creative's clients include health and human services
organizations: public health agencies, mental health and substance
abuse clinics, psychiatric hospitals, and managed care
organizations. Avatar Practice Management and the Avatar Clinician
Work Station, Creative's core products, are full-featured
information systems that operate on a variety of operating systems,
hardware platforms, and mobile devices and offer unlimited
scalability. Statement on Behalf of Netsmart Technologies, Inc.
Statements in this press release may be "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Words such as "anticipate," "believe,"
"estimate," "expect," "intend" and similar expressions, as they
relate to the Company or its management, identify forward-looking
statements. These statements are based on current expectations,
estimates and projections about the Company's business based, in
part, on assumptions made by management. These statements are not
guarantees of future performance and involve risks, uncertainties
and assumptions that are difficult to predict. Therefore, actual
outcomes and results may, and probably will, differ materially from
what is expressed or forecasted in such forward-looking statements
due to numerous factors, including those described above and those
risks discussed from time to time in Netsmart's filings with the
Securities and Exchange Commission. In addition, such statements
could be affected by risks and uncertainties related to product
demand, market and customer acceptance, competition, pricing and
development difficulties, as well as general industry and market
conditions and growth rates, and general economic conditions. Any
forward-looking statements speak only as of the date on which they
are made, and the Company does not undertake any obligation to
update any forward-looking statement to reflect events or
circumstances after the date of this release. Information on
Netsmart's or Creative's websites do not constitute a part of this
release. DATASOURCE: Netsmart Technologies, Inc. CONTACT: Netsmart
Technologies - Ron Marge, 1-800-421-7503, ext. 2026, ; or Stuart
Fine of Carpe DM, Inc., +1-908-490-0075, , for Netsmart
Technologies, Inc. Web site: http://www.netsmartech.com/
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