Press Release
June 2, 2008
For Immediate Release
Media Contacts:
Jay Hamel, (518) 235-8010
MMTG Chief Executive Officer
John L. Shermyen, (770) 907-7596
LogistiCare Chief Executive Officer
LogistiCare Signs Exclusive Software Licensing Agreement with Medical Management Technology Group
ATLANTA (June 2, 2008) LogistiCare Solutions, LLC (LogistiCare), the
nation’s leading provider of non-emergency medical transportation
management services, is pleased to announce an exclusive software licensing
agreement with Medical Management Technology Group (MMTG) of Troy, New
York, to provide a custom transportation management suite for members
of LogistiCare’s transportation subcontractor network. This new
browser-based set of software tools results from a joint development
effort between MMTG and Provado Solutions, a LogistiCare software development
subsidiary. The product has been tested by LogistiCare subcontractors
in Nevada and Oklahoma and is now being offered for free to all 1100
LogistiCare providers nationwide.
"We evaluated many third party transportation management software
packages to find one that can help our provider base become more efficient
in running their businesses and at the same time interface easily with
our LogistiCare software,” said John Shermyen, CEO of LogistiCare.
“MMTG really understands the challenges of running a small transportation
business in these difficult times. By sharing our intellectual property
and expertise, we can reduce back office expenses for our providers
and help them be more efficient and profitable.”
The new software allows transportation providers with Internet access
to download trips assigned to them by LogistiCare, create efficient
vehicle routes, and print a bar-coded driver manifest containing all
important trip information. After completing trips, recording trip outcomes
(pick up times, rider no shows, etc), and obtaining rider signatures,
the completed driver manifest is faxed back to LogistiCare for processing.
The manifest bar code identifies the trip, and a series of advanced
imaging processes, Optical Mark Recognition (OMR) and Optical Character
Recognition (OCR), are used to record trip outcome information and verify
the rider and driver signatures. If information is complete and matches
trip data in the LogistiCare database, this process provides LogistiCare
all it needs to process provider payments.
The announcement comes just weeks after MMTG completed a six month pilot
of its product in upstate New York. MMTG worked closely with the Department
Of Health Transportation Division and Greene County Department of Social
Services to carry out the pilot of its signature-capture system. The
product yielded significant time and cost savings with its more efficient
authorization and tracking of transportation services covered by Medicaid.
The success of the pilot added momentum to the already fast-moving company
and helped set the stage for its latest achievement.
“We are excited about our partnership with LogistiCare. With the
largest management company in the non emergency medical transportation
space, we feel that our software will reach a much bigger community
and make a positive contribution to the transportation industry through
LogistiCare’s network and participation.” said Jay Hamel,
CEO of MMTG.
About Medical Management Technology Group Inc.
Medical Management Technology Group Inc. (MMTG), a Troy NY based company,
is a leading provider of software systems that help government and enterprises
maximize medical service delivery and efficiency. MMTG solutions yield
measurable cost savings and modernize operations with powerful electronic
data systems. MMTG's patent-pending systems combine the best in biometric,
optical recognition, and modern web technology for cutting edge solutions
that are un-paralleled in the industry. The company's software solutions
include medical related transportation management, home-based healthcare
management, identity verification, and electronic billing. For more
information please visit www.mmtginc.com
About LogistiCare
LogistiCare is the nation's leading Medicaid transportation management
company. Proprietary software, innovative management strategies, and
a proven record of creating budget stability and quality improvements
for our clients distinguish LogistiCare as the leader in its field.
From its corporate office in Atlanta and its numerous state-based operations
nationwide, LogistiCare manages a national network of more than 1,100
transportation companies that provide more than 17 million trips to
customers annually. LogistiCare’s clients have included state
Medicaid agencies, school boards, transit authorities, hospital systems
and many of the nation's largest MCOs. For more information, visit www.logisticare.com.
About Providence Service Corporation
LogistiCare is a subsidiary of Providence Service Corporation. Providence
Service Corporation, through its owned and managed entities, provides
home and community based social services to government sponsored clients
under programs such as welfare, juvenile justice, Medicaid and corrections.
Providence operates no beds, treatment facilities, hospitals, or group
homes preferring to provide services in the client’s own home
or other community setting. Through its owned and managed entities,
Providence maintains 773 government contracts in 35 states, the District
of Columbia and British Columbia as of September 30, 2007.
Certain statements herein, such as any statements about Logisticare’s operations and growth, constitute "forward-looking statements" within the meaning of the private Securities Litigation Reform Act of 1995. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause Providence's actual results or achievements to be materially different from those expressed or implied by such forward-looking statements. These factors include, but are not limited to, reliance on government-funded contracts, risks associated with government contracting, risks involved in managing government business, legislative or policy changes, challenges resulting from growth or acquisitions, adverse media and legal, economic and other risks detailed in Providence's filings with the Securities and Exchange Commission. Words such as "believe," "demonstrate," "expect," "estimate," "anticipate," "should" and "likely" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on those forward-looking statements, which speak only as of the date the statement was made. Providence undertakes no obligation to update any forward-looking statement contained herein.