HOUSTON, Dec. 31, 2018 /PRNewswire/ -- Nobilis Health
Corp. (NYSE American: HLTH) ("Nobilis" or the "Company") announced today that it has entered into an in-network contract ("Payor
Agreement") at Plano Surgical Hospital with one of the nation's largest commercial payors. The Payor Agreement went
effective January 1, 2019. This facility will now be in network with three of the nation's
four largest commercial payors.
"The execution of this agreement represents another significant step in our long-stated goal of becoming a comprehensive in
network health system," said James Springfield, incoming CEO. "Nobilis has worked to move
our facilities in network on a revenue neutral basis. The added benefits to our shareholders of moving in network will be
the increased predictability and speed of collections as well as opening up a new market of "in network only" surgeons that we
can attract to our facilities. This contract will put us at approximately 60% in network in Texas as we begin 2019. We continue to make progress in our negotiations with the nation's largest
payors and hope to have more to announce on this matter in the near future."
About Nobilis Health Corp.
Nobilis Health (www.NobilisHealth.com) is a full-service healthcare development and management company, with more than 30
locations across Texas and Arizona, including hospitals, ambulatory surgery centers, and multi-specialty clinics.
In addition, Nobilis Health partners with more than 30 facilities across the country. Marketing nine independent
brands, Nobilis Health deploys a unique patient acquisition strategy driven by proprietary, direct-to-consumer
marketing technology, focusing on a specified set of procedures that are performed at its facilities by local
physicians. Nobilis Health's business model connects patients with physicians and delivers the highest quality
healthcare.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Canadian and United States securities laws, including the safe harbor for forward-looking statements contained in the
Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements include all statements that do not
relate solely to historical or current facts and may be identified by the use of words such as "may," "believe," "will,"
"expect," "project," "estimate," "anticipate," "plan" or "continue." These forward-looking statements are based on current plans
and expectations and are subject to a number of risks, uncertainties and other factors which could significantly affect current
plans and expectations and our future financial condition and results. These factors, which could cause actual results,
performance and achievements to differ materially from those anticipated, include, but are not limited to our ability to
successfully maintain effective internal controls over financial reporting; our ability to implement our business strategy,
manage the growth in our business, and integrate acquired businesses; the risk of litigation and investigations, and liability
claims for damages and other expenses not covered by insurance; the risk that payments from third-party payers, including
government healthcare programs, may decrease or not increase as costs increase; adverse developments affecting the medical
practices of our physician limited partners; our ability to maintain favorable relations with our physician limited partners; our
ability to grow revenues by increasing case and procedure volume while maintaining profitability at the Nobilis Facilities;
failure to timely or accurately bill for services; our ability to compete for physician partners, patients and strategic
relationships; the risk of changes in patient volume and patient mix; the risk that laws and regulations that regulate payments
for medical services made by government healthcare programs could cause our revenues to decrease; the risk that contracts are
canceled or not renewed or that we are not able to enter into additional contracts under terms that are acceptable to us; and the
risk of potential decreases in our reimbursement rates. The foregoing are significant factors we think could cause our actual
results to differ materially from expected results. However, there could be additional factors besides those listed herein that
also could affect us in an adverse manner.
We have not undertaken any obligation to publicly update or revise any forward-looking statements. All of our forward-looking
statements speak only as of the date of the document in which they are made or, if a date is specified, as of such date. Subject
to any mandatory requirements of applicable law, we disclaim any obligation or undertaking to provide any updates or revisions to
any forward-looking statement to reflect any change in our expectations or any changes in events, conditions, circumstances or
information on which the forward-looking statement is based. All subsequent written and oral forward-looking statements
attributable to us or persons acting on our behalf are expressly qualified in their entirety by the foregoing factors and in our
Annual Report on Form 10-K for the fiscal year ended December 31, 2017, filed on March 12, 2018, as updated by other
filings with the Securities and Exchange Commission.
Contact Information:
Marty Spake
Vice President, Corporate Development
(281) 506-9794
mspake1412@Nobilishealth.com
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SOURCE Nobilis Health Corp.