ActiveCare Reports Results For The Second Quarter of Fiscal Year 2015

Orem, Utah (PRWEB) May 20, 2015

ActiveCare, Inc. (ACAR), a supplier of diabetes management products and wellness services for self-insured employers nationwide, reported financial results for the second fiscal quarter ended March 31, 2015.

During the quarter, we focused on organizing a national sales program that can take the ActiveCare solution to an array of sophisticated clients nationwide. We are poised to deliver on our growth objectives and deploy the ActiveCare program that mitigates healthcare costs and improves the quality of care of those diagnosed with diabetes, commented James Dalton, Executive Chairman of ActiveCare.

Second Quarter Results

The Company reported total revenues of $ 1,552,000 compared to $ 1,037,000 for the second quarter of the prior year. The increase is due to resupply shipments to end users who were added in the previous year.
Gross profit was $ 463,000 compared to gross deficit of $ 1,440,000 in the second quarter of the prior year. The gross deficit in the prior year second quarter was due primarily to an increase in the reserve for inventory obsolescence of $ 1,400,000. The remaining increase in gross profit was primarily due to the increase in resupply shipments to end users.
Loss from continuing operations was $ 1,230,000 compared to $ 4,205,000 in the second quarter of the prior year. The decrease was due to the increase in gross profit, an increase in other income of $ 846,000 and a decrease in operating expenses of $ 226,000.
The Company reduced operating expenses by $ 226,000 despite an increase in stock-based compensation of $ 250,000. The decrease in operating expenses was due to the Companys initiative to control expenses and decrease consulting services, professional fees, and employee compensation paid in cash.
The Company increased other income by $ 846,000 primarily due to a gain on extinguishment of debt of $ 769,000 and a gain on liability settlements of $ 279,000, offset, in part, by an increase of $ 102,000 in interest expense. The increase in interest expense is due to the addition of third party and related party short-term debt.
We have continued to restructure the Companys sales model and reorganize our cost structure, continued Dalton. The Companys progress in these areas has reduced the cash used in operating activities for the first six months of the fiscal year by $ 2,765,000 compared to the comparable period in the prior year. We are focused on creating a structure that will add value to our customers and expect revenues to grow as we attract larger employers who are searching for ways to mitigate the costs and improve the quality of healthcare.

About ActiveCare

ActiveCare, Inc. provides patented diabetes monitoring and wellness solutions that increase visibility, lower costs and provide real-time care for members resulting in improved outcomes. Utilizing state-of-the-art meters with embedded cellular technology, trained CareSpecialists can intervene in real-time and provide members with the support needed to control their disease 24 hours a day, every day. Headquartered in Orem, Utah and publicly traded on the OTC Bulletin Board under the symbol ACAR, ActiveCare’s solution is changing the way employers, individuals and their health plans monitor chronic disease. To learn more about ActiveCare, Inc., visit the website at http://www.activecare.com.

Safe Harbor

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, regulatory uncertainty and economic pressure on the healthcare industry in particular, the governmental regulation of our products, manufacturing and marketing risks, and adverse publicity risks. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.







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Blue Cross and Blue Shield of Louisiana Releases Enhanced BCBSLA iPhone and iPad App


Baton Rouge, LA (PRWEB) May 08, 2015

As of today, Blue Cross and Blue Shield of Louisiana customers have streamlined access to their healthcare coverage information thanks to the latest release of the free BCBSLA app. The updated app is part of a digital strategy that makes it simpler for customers to interact with their health plan and helps them better understand plan benefits and terminology.

The app has a modern design with visual cues that alert users to helpful tips and definitions of terms in context at relevant moments. The app also builds a better experience using the concept of micro-moments.

This app is an exciting step in our digital transformation because its our first time experimenting with micro-moments, said Natalie Straight, manager of Blue Cross Digital Experience team. The app goes beyond traditional experiences with simple, yet thoughtful touches, like taking a steamboat ride down the Mississippi while information loads. Or a friendly nurse avatar appears at key moments to provide definitions of healthcare terminology, making it easier to understand.

The app is authentically Louisiana, delightfully human and groundbreaking in simplicity, said David Le, senior user experience designer. This is a flagship example of Blue Cross new approach to digital tools.

Core features of the app include:

Bankers Fidelity Life Promotes Bob Hines as new President

Atlanta, GA (PRWEB) May 20, 2015

ATLANTA, Georgia, May 20, 2015 Atlantic American Corporation (Nasdaq-AAME) today announced that Bankers Fidelity, the core company of its life and health operations, has appointed Bob Hines as their new President. Hines has over 25 years of experience in the life insurance industry, with 20 of it at Bankers Fidelity, as a Vice President and lastly, as an Executive Vice President. To compliment his extensive industry experience, Hines has a BS in Business Management and Masters of Arts in Organizational Leadership from Shorter University in Rome, GA.

In his tenure with the company, Hines has been able to expand goals and knowledge that translated into customer satisfaction and company growth. A focus point of Hines new position will be to maintain the integrity, credibility and work ethic he has helped build within the company, We are not going to sacrifice the fundamental values and principles that our leadership has long relied upon to enable us to be the company we have become, stated Hines. Bankers Fidelity Life is excited for the industry knowledge, talent and motivation Hines will bring to the organization and how his attributes will translate into client expansion.

In a message to all Bankers Fidelity Life Agents, Bob Hines stated, As most of you know, it is a time of significant change within our organization. We are excited and optimistic about the many opportunities that lie in front of us. We are thankful to have the outstanding relationships we have built with each of you over the years. It is our hope that you see the future of Bankers Fidelity with optimism and excitement.

Bankers Fidelity is an insurance provider specializing in life and supplemental health products. Headquartered in Atlanta, GA, Bankers Fidelity has 60 years of experience in the insurance industry and a reputable A- rating from A.M. Best.







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UConn School of Medicine Expands Partnership with MRM Group

Hartford, CT (PRWEB) May 11, 2015

MRM Group, LLC, a leading national provider of healthcare risk management and patient safety solutions, today announced the expansion of its partnership with the University of Connecticut School of Medicine, providing live and online risk education to 15 residency programs and 15 fellowship programs.

UConns engagement with MRM Group began in 2008, delivering risk education to seven of their residency programs. Since that time, over 3,000 residents have participated in the program, and as a result, the university has experienced significant, measured improvements.

We are required to make residents practice ready when they leave this institution, said Jacqueline Nissen, MD, Associate Dean for Graduate Medical Education. The residents fully appreciate how a curriculum in risk management and patient safety principles is critical to success as they progress through their training, and weve seen greater than 95% effectiveness with regard to how it impacts their practice, Dr. Nissen added.

In addition, one of the universitys principal residency training sites has seen a 76 percent decrease in claim frequency since implementing the MRM Group program in 2008, as well as a 99 percent decrease in claim severity during the same period.

Today, the MRM Group program is provided to the universitys residents and fellows as the Quality and Patient Safety Certificate Program and successful completion requires passing a comprehensive exam.

The University of Connecticuts experience with MRM Group is a terrific success story, and demonstrates the extraordinary impact that risk education and practice change initiatives can have during the formative years that residents spend in clinical training, stated Kevin W. Kelly, MRM Groups president and CEO. Residency programs provide a core foundation of patient safety and risk avoidance habits, and the team at MRM Group is delighted that one of the most respected graduate medical education programs in our region has so deeply embraced this sentiment. We look forward to expanding and deepening our partnership with UConn, and helping to ensure the highest possible levels of patient care with new generations of providers.

About MRM Group, LLC

With clients from coast to coast, MRM Group empowers healthcare providers and institutions to eliminate preventable adverse events, reduce the frequency and severity of claims, and reduce malpractice premiums, while increasing patient safety and improving the patient experience. Founded in 2003 by leading malpractice defense attorneys, as well as healthcare and insurance executives, MRM Group has transformed the way institutions think about risk and patient safety education, creating a highly-effective, specialty-specific methodology that has proven time and again to drive sustained practice change and consistently deliver a remarkable return on investment. For more information, visit http://www.mrmgroup.com.

About UConn Health

UConn Health is the academic medical center for the University of Connecticut. It is a major health care provider for central Connecticut with more than 600 providers across 57 clinical disciplines. Our teaching programs encompass bio-medical sciences, dental medicine and medicine. Our residency programs offer training to 800 physicians in every major hospital in Hartford. Our research attracts more than $ 150 million annually in research funds from government and industry.







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Car Auto Insurance Prices Lower Thanks To New Devices!


(PRWEB) April 27, 2015

Carinsuranceshoppingsource.com has released a new blog post presenting 5 new car safety devices. The blog post explains how to reduce the costs of an auto insurance policy.

Drivers can reduce the costs of their auto insurance policies by making their vehicles safer. The 5 new car safety devices presented in the newly released article can make a big impact on auto insurance rates. Clients should also compare online car insurance prices to find the best possible policy for them.

Clients should visit an insurance brokerage website to compare various insurance plans. It is now possible to get all the necessary resources on a single website: http://carinsuranceshoppingsource.com/.

Carrying minimum car insurance is also mandatory. Drivers should make sure they have proper liability coverage or else, they can be accused for insurance fraud. By comparing rates, clients can find low cost policies for their cars.

Carinsuranceshoppingsource.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

Carinsuranceshoppingsource.com is owned by Internet Marketing Company.

For more information, please visit http://carinsuranceshoppingsource.com/.







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WellCare Gives $5,000 to Create Safe and Positive Environment for Abused and Neglected Children in Louisville, Kentucky


TAMPA, Fla. (PRWEB) April 22, 2015

WellCare Health Plans, Inc. (NYSE: WCG), a leading provider of managed care services for government-sponsored health care programs, announced today that it gave $ 5,000 to Famly & Children’s Place to support their efforts to give abused and neglected children a safe and positive environment to visit with their families, while they work through the healing process.

WellCares donation transformed a basic room into a fitness inspired center, which is now called the FIT Room, where children of all ages can engage in fun, physical activities. WellCares support provided a wide array of equipment, including bean bag chairs, ping pong and air hockey tables, an interactive video game system with large screen TV, and an outdoor basketball hoop.

We have the greatest success in helping child victims of abuse and neglect when we support both the child and the family, said J.T. Henderson, vice president of resource development for Family & Childrens Place. With WellCares help, we were able to revolutionize our family visitation room to provide children and families with a positive environment where they can reconnect and heal through fun games and activities.

This is a serious issue with far reaching effects that extend beyond the family to the broader community that must also deal with the aftermath, said Dr. Howard Shaps, medical director for WellCare of Kentucky. WellCare is proud to support Family & Childrens Place efforts to help heal the familial relationships that are central to providing children and communities with the stability and security needed for long-term health and wellbeing.

April is Child Abuse Prevention Month. To learn more about child abuse and neglect prevention awareness strategies, ideas and activities visit http://www.famchildplace.org.

As of Dec. 31, 2014, WellCare serves approximately 408,000 Medicaid members, 5,000 Medicare Advantage plan members and 21,000 Medicare Prescription Drug Plan members in Kentucky. To learn more about how we care for Kentuckians, watch Brandis story at http://youtu.be/YwOw5EgeSYo.

About WellCare Health Plans, Inc.

WellCare Health Plans, Inc. provides managed care services targeted to government-sponsored health care programs, including Medicaid, Medicare, Prescription Drug Plans and the Health Insurance Marketplace. Headquartered in Tampa, Fla., WellCare offers a variety of health plans for families, children, and the aged, blind and disabled. The company serves approximately 4.1 million members nationwide as of Dec. 31, 2014. For more information about WellCare, please visit the company’s website at http://www.wellcare.com or view the companys videos at https://www.youtube.com/user/WellCareHealthPlan.







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