ANCI signs agreement with Annapolis for healthcare solution

Mar 18 2011

American CareSource Holdings, Inc. (NASDAQ: ANCI), the nation's leading ancillary health care network services company, announced today that it has signed and implemented an agreement with Annapolis, Maryland-based Self Funding Administrators Corporation ("SFA"), a third party administrator ("TPA") representing an additional 30,000 covered lives.

David S. Boone, Chief Executive Officer of American CareSource ("ACS") noted, "The addition of SFA to our client portfolio has provided us an opportunity to become an integral part of SFA's affordable healthcare solution. The SFA suite of services can all benefit from access to ACS' more than 36,000 quality provider locations."

Chris Hutchinson, President of SFA stated, "We are equally pleased to offer our clients the benefits of the ACS provider network. In today's changing world of healthcare, our goal is to design and manage employee benefit plans that are not only cost effective for the employer, but also meet the ever-changing needs of the employee and his family. ACS' network customization allows us to maximize provider access by all employees."