CHS Comprehensive Healthcare Systems Inc

CALGARY, AB, March 23, 2023 /CNW/ - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (the "Company" or "CHS"), a leading provider of healthcare benefits administration software and services, is pleased to announce the expansion of its client portfolio with a prominent Midwest union. This new client has the potential to expand over the next few years, and the Company will have the opportunity to bring value with additional solution offerings. With this new partnership, the client will be implementing the Company's innovative Novus 360 platform to streamline the management of their benefits program in one centralized system.

Novus 360 is the first of its kind as a fully integrated benefits admin solution that digitizes how organizations administer their plans through an accessible, user-friendly, and secure platform. The client will be leveraging our member portal to improve engagement with union members and control costs, while additional software features will enable it to process billing and eligibility, retirement for pension, and disability benefits. CHS has made it a strategic priority to offer Novus 360 to a wider market as it continues to advance its growing client portfolio.

"A rising number of customers are seeing the immense value in implementing our Novus 360 software solution within their organizations," said CHS Chief Executive Officer, Chris Cosgrove. "The latest addition to our Midwest client base will now have the ability to streamline their healthcare benefits administration all under one fully integrated, comprehensive platform, ensuring their program's needs are easily and efficiently met."

Comprehensive Healthcare Systems Inc. is a corporation incorporated under the laws of the Province of Alberta and is the parent company of Comprehensive Healthcare Systems Inc. (Delaware). The Company is a vertically integrated software as a services (SaaS) company focused on digitizing healthcare with Healthcare Benefits Administration solutions, providing reliable and high-volume transaction capable systems. The Company's state-of-the-art Novus 360 Healthcare Welfare and Benefits Administration (HWBA) SaaS platform is used by clients for all aspects of healthcare benefits administration (including self-funded employers, providers, and labor unions), providing healthcare administrative software and technology-enabled services.

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Additionally, there are known and unknown risk factors that could cause the Company's actual results and financial conditions to differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important risk factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements, include among others: general economic, market and business conditions in Canada and globally; market volatility; unforeseen delays in timelines for any of the transactions or events described in this press release; and the risk of regulatory changes that may impact the business of the Company. All forward-looking information is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking statement or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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SOURCE Comprehensive Healthcare Systems Inc.