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Chrysalis Medical Services Selects New Partner

Collaborative Health Systems is leader in physician-led Medicare ACOs

ATLANTIC CITY, N.J.--(BUSINESS WIRE)--Apr. 16, 2015-- Chrysalis Medical Services, LLC has selected Collaborative Health Systems (CHS), a subsidiary of Universal American Corp. (NYSE:UAM), as its partner to provide resources in care coordination, financial risk management, analytics and reporting, technology and other administrative services to its Medicare Accountable Care Organization (ACO), approved for participation in the Medicare Shared Savings Program starting January 2015.

The partnership will enable Chrysalis physicians to drive improvements in the quality and cost of care delivered to more than 11,000 Medicare Fee-For-Service beneficiaries in Atlantic, Cape May, and Ocean counties.

Chrysalis selected CHS for its expertise in collaborating with provider groups around the country, helping them to take advantage of new alternative payment systems, such as ACOs, that reward physicians for healthcare quality and value. With the addition of Chrysalis, CHS has 25 physician-led Medicare ACO partnerships, more than any other single company participating in the Medicare Shared Savings Program.

In addition to analytical and technical resources, and Atlantic City-based staff, CHS will provide operating infrastructure, and expertise to support Chrysalis’ providers as they drive positive change in their healthcare market.

Dr. Anthanasios Papastamelos, Chairman for Chrysalis Medical Services, said his physician group selected CHS because of its experience. “Collaborative Health Systems brings the expertise, infrastructure and perspective that we were looking for to move our physician community forward in the emerging value-based market,” he said.

Jeff Spight, president of Collaborative Health Systems, said the partnership between CHS and Chrysalis will benefit both the healthcare providers and their patients. “We are excited about this partnership. Dr. Papastamelos has shown himself to be a great leader who is passionate about patient care and sees the benefit of putting Primary Care Physicians in the driver’s seat to coordinate patients’ care,” Spight said. “Our organizations are aligned on how we want to improve the quality of care patients receive, compensate physicians for delivering quality care, and reduce overall costs to the healthcare system.”

About Chrysalis Medical Services, LLC

Chrysalis Medical Services, LLC was founded in 2013 by physician leaders to organize the physician community of Southern New Jersey and address the emerging population health initiatives. Chrysalis physicians provide care to more than 11,000 patients in Atlantic City, N.J.

About Collaborative Health Systems

Collaborative Health Systems (CHS) is a member of the Universal American Corp. (NYSE: UAM) family of healthcare companies. CHS partners with providers throughout the country in the development of Accountable Care Organizations (ACOs). CHS provides a range of care coordination, analytics and reporting, technology and other administrative services to enable physicians and other healthcare professionals to deliver improved care, improved health and lower healthcare costs to their patients. For more information, visit http://www.CollaborativeHealthSystems.com.

About Universal American Corp.

Universal American (NYSE:UAM), through our family of healthcare companies, provides health benefits to people covered by Medicare and/or Medicaid. We are dedicated to working collaboratively with healthcare professionals in order to improve the health and well-being of those we serve and reduce healthcare costs. For more information on Universal American, please visit our website at www.UniversalAmerican.com.

Source: Universal American Corp.

Chrysalis Medical Services
Dr. Anthanasios Papastamelos, 609-926-5451
or
Universal American Corp.
Robert A. Waegelein, 914-934-8820
President & Chief Financial Officer
or
The Equity Group Inc.
Fred Buonocore,212-836-9607
www.theequitygroup.com



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