EATONTOWN, N.J., Aug. 16 QMed, Inc.,(Nasdaq: QMED) today reported new enrollment figures for its Medicare SpecialNeeds Plans in New Jersey and South Dakota, including its SNP for dualeligible members. QMedCare of New Jersey added 55 new members to its SNP forthe chronically ill in July, bringing total enrollees to 267 as of July 31st.
The Company's South Dakota SNP for the chronically ill added 122 in July,bringing total enrollment to 2770. In addition, the SNP for dual eligibles inthe state added 106 new members since June for a total of 164. Both figuresfor total enrollment are as of July 31st.
Jane Murray, president and CEO, said, "We are pleased with the progressthat these numbers show. They indicate that we are executing our plan and thisgives us confidence in our marketing approach as well as for the outlook as weapproach the open enrollment season. We anticipate continued growth throughthe rest of the year and going forward."
About QMed, Inc.
QMed provides evidence-based clinical information management systemsaround the country to its health plan customers. The system incorporatesDisease Management services to patients and decision support to physicians.The Company's QMedCare subsidiary specializes in serving high-risk populationsof Medicare beneficiaries. The Company also operates a Medicare Demonstrationto test the feasibility of reimbursing its care coordinated DM services in thevast Medicare fee-for-service program. More information on QMed, Inc. can beobtained at http://www.qmedinc.com, by calling (732) 544-5544 or by firstname.lastname@example.org.
Except for historical information contained herein, matters discussed inthis news release are forward-looking statements that involve risks anduncertainties. They include but are not limited to those relating to thetimely implementation of programs, the impact of competitive productintroductions, acceptance and pricing, and those risks detailed in theCompany's filings with the Securities and Exchange Commission (SEC). Actualresults may differ materially from any forward-looking statements due to theserisks and uncertainties.
SOURCE QMed, Inc.