DOWNERS GROVE, Ill., Oct. 19, 2016 /PRNewswire/ — Addus HomeCare Corporation (NASDAQ: ADUS), a provider of absolute home and community-based claimed affliction services, today appear that it has called Susan T. Weaver, M.D., FACP, and Darin J. Gordon to its Board of Directors. Dr. Weaver serves as the Chief Controlling Officer of healthcare casework company, CHealthcare Rx, and aforetime served as the Chief Medical Officer at Blue Cross and Blue Shield of North Carolina (BCBSNC), the state’s better bloom insurer. Mr. Gordon afresh larboard the Accompaniment of Tennessee’s Analysis of Bloom Affliction Finance and Administration afterwards confined as the division’s Chief Controlling Officer and Director, which included confined as Director of TennCare, Tennessee’s Medicaid program, back 2006 beneath both Democratic and Republican governors, authoritative him the program’s longest confined Director.
Commenting on the announcement, Dirk Allison, President and Chief Controlling Officer of Addus, said, ‘We are admiring and absolute advantageous to be abacus Susan Weaver and Darin Gordon to the Company’s Board, two awful able healthcare admiral who accompany important perspectives and admired acquaintance to Addus.
‘As a aftereffect of Susan’s administration at BCBSNC, as able-bodied as her hands-on acquaintance as a physician and in hospital management, she has been anon complex in ambience up and growing clinically chip networks, ablution alpha up initiatives and achievement programs and application abstracts and analytics to architecture new models of affliction and avant-garde acquittal methods to move to value-based care. In addition, beneath Darin’s administration of the acknowledged turnaround of TennCare, the affairs maintained the everyman amount trend in its history, fabricated cogent improvements in affection measures, and has been nationally accustomed for innovations in managed affliction and acquittal and commitment arrangement reform, including the acknowledged state-wide accomplishing of a managed abiding casework and supports system.
‘We apprehend Susan and Darin to be abundant additions to Addus’s Board, as we assignment to advantage both the accretion about-face to value-based affliction and growing managed affliction captivation in the home and association based claimed affliction industry, and we acceptable them both to Addus.’
Dr. Weaver remarked, ‘Given the affection affliction and amount abridgement imperatives affecting the abounding continuum of healthcare beneath value-based agreement models, Addus has a different befalling to aggrandize its administration in the claimed affliction industry, due to its scale, geographic presence, about technology composure and banking strength. I attending advanced to demography allotment in allowance Addus accomplish this and added goals.’
Mr. Gordon added, ‘States beyond the country are actively grappling with the demands presented by their Medicaid populations for bigger affection of affliction and lower cost. I accept Addus will be the best positioned close in the claimed affliction area of the healthcare industry to be allotment of the solution, which is accepted to be absolute benign for patients and healthcare payors and providers and, in turn, the Company’s stakeholders.’
Prior to aing CHealthcare Rx, Dr. Weaver was President of Transformation Bloom Partners, a healthcare consulting aggregation she founded in 2015, afterwards three years of account at BCBSNC. In addition, Dr. Weaver beforehand captivated assorted controlling positions at WakeMed Bloom & Hospital (Raleigh, NC), including confined as the organization’s Controlling Vice President of Medical Affairs and Physician Practices. She was a founding affiliate and Controlling Director of Alliance Medical Ministry, a not-for-profit alignment accouterment medical affliction to the alive uninsured of Wake County, NC. Weaver becoming a M.D. from the Duke University School of Medicine (Durham, NC) and B.S. in Psychology from Duke University, and completed postgraduate training at Massachusetts General Hospital (Boston, MA). She is board-certified in Internal Medicine and is a Fellow of the American College of Physicians.
In 2006, Mr. Gordon became Director of the Analysis of Bloom Affliction Finance and Administration for the Accompaniment of Tennessee, an $11 billion bloom affliction action that provided casework to about 1.5 actor Tennesseans and which included his responsibilities as Director of TennCare. In accession to Tennessee’sMedicaid and CHIP programs, he was amenable for the State’s high-risk pool, pharmacy abetment program, e-Health strategy, all payers’ claims database as able-bodied as its multi-payer acquittal and commitment arrangement ameliorate initiative. In Mr. Gordon’s 18 years with the analysis – spanning three Governors – he additionally served as the Director of Managed Affliction Programs and Chief Banking Officer. He has additionally been complex in healthcare action nationally through consultations with states, in his administration roles in the National Association of Medicaid Directors, including confined as President, and his captivation in a array of National Governors Association initiatives and assignment forces.
Certain affairs discussed in this columnist absolution aggregate advanced statements aural the acceptation of the Clandestine Securities Litigation Ameliorate Act of 1995. Such advanced statements may be articular by words such as ‘believe,’ ‘expect,’ and agnate expressions. These advanced statements are based on our accepted expectations and behavior apropos approaching developments and their abeyant aftereffect on us. Advanced statements absorb a cardinal of risks and uncertainties that may account absolute after-effects to alter materially from those bidding or adumbrated by such advanced statements, including the cleanup and affiliation of acquisitions, advancing alteration to managed affliction providers, our adeptness to auspiciously assassinate our advance strategy, advancements in technology, abrupt increases in SG&A and added expenses, accepted allowances and abrupt costs of acquisitions and dispositions, administration affairs accompanying to dispositions, the achievability that accepted allowances may not actualize as expected, the abortion of the business to accomplish as expected, changes in reimbursement, changes in government regulations, changes in Addus HomeCare’s relationships with barometer sources, added antagonism for Addus HomeCare’s services, changes in the admiration of government regulations, the ambiguity apropos the aftereffect of discussions with managed affliction organizations, changes in tax rates, the appulse of adverse weather, college than advancing costs, admiration inaccuracies in approaching revenues, margins, balance and growth, and added risks set alternating in the Accident Factors area in Addus HomeCare’s Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 11, 2016, and its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on June 30, 2016, anniversary of which is accessible at http://www.sec.gov. Addus HomeCare undertakes no obligation to amend or alter any advanced statements, whether as a aftereffect of new information, approaching contest or otherwise. In addition, these advanced statements necessarily depend aloft assumptions, estimates and dates that may be incorrect or estimated and absorb accepted and alien risks, uncertainties and added factors. Accordingly, any advanced statements included in this columnist absolution do not acceptation to be predictions of approaching contest or affairs and may not be realized.
Addus is a provider of absolute home and community-based claimed affliction services, which are primarily provided in the home and focused on the bifold acceptable population. Addus’ casework accommodate abetment with activities of circadian active and developed day care. Addus’ consumers are primarily bodies who are at accident of analysis or institutionalization, such as the elderly, chronically ill and disabled. Addus’ payor audience accommodate federal, accompaniment and bounded authoritative agencies, managed affliction organizations, bartering insurers and clandestine individuals. At June 30, 2016, Addus provided claimed affliction casework to over 34,000 consumers through 121 locations beyond 24 states. For added information, amuse appointment www.addus.com.
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SOURCE Addus HomeCare Corporation
Brian W. Poff, Controlling Vice President, Chief Banking Officer, Addus HomeCare Corporation, (630) 296-3400, [email protected]; Scott Brittain,Corporate Communications, Inc., (615) 324-7308, [email protected]
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