News

February 28; Memphis, TN: PHS Provider Health Services, a leading healthcare service organization focused on delivering high-quality, cost effective care to patients in long-term care settings throughout the United States, recently announced the addition of 5 Vital Care Providers, currently serving 7 senior living centers in New Hampshire, Massachusetts and Kentucky. Vital Care delivers healthcare products and services to thousands of people across the country.

"We are pleased to add these locations to our network of centers," stated Steve Clark, Founder and CEO of PHS. "Our mission is to focus on improving the quality of life for both the patient and the provider. This expansion allows us to further these goals and helps position us to impact the lives of many more people."

The addition of these 7 centers increased PHS revenues by 12% percent annually. PHS is also actively recruiting nurse practitioners in these areas to become a part of the PHS team.

"We already have a strong presence in many of these markets," stated Mark Smith, COO of Provider Health Services." This allows us to deepen those existing relationships in the community and form additional ones. PHS has aggressive growth plans for 2011 and this creates strong momentum as we head into the New Year."

About PHS, Provider Health Services
Headquartered in Memphis, TN, PHS is a leading healthcare service organization who employs nurse practitioners and physicians in nursing homes, assisted living facilities, home bound settings and other long-term care facilities. PHS currently provides care in 70 centers in 11 states across the Country and employs 63 people. PHS uses the latest in healthcare information technology to drive improved record keeping, coding, and billing with their integrated EHR (electronic health record) system to a marketplace that requires mobility and continues to grow as the population continues to age.

About the Long Term Care Industry
This year, about nine million men and women over the age of 65 will need long-term care. By 2020, twelve million older Americans will need long-term care. Most will be cared for at home and family and friends are the sole caregivers for 70 percent of the elderly. A study by the U.S. Department of Health and Human Services says that people who reach age 65 will likely have a 40 percent chance of entering a nursing home. About 10 percent of the people who enter a nursing home will stay there five years or more.