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Advanzeon Solutions (CHCR)

Established in 1969, Advanzeon Solutions Inc., (formerly Comprehensive Care Corp.) (“Advanzeon”, “we”, “Parent”, or the “Company”), through its wholly-owned subsidiary Pharmacy Value Management Solutions Inc., (“PVMS”) and its wholly-owned subsidiaries during 2015, and partly in 2016, provided managed care services by acting as the administrator for certain administrative service agreements in the behavioral health and substance abuse fields. We primarily offered these services to commercial, Medicare, Medicaid, Children’s Health Insurance Program (“CHIP”) health plans, as well as self-insured companies. Our managed care operations consisted solely of servicing administrative service agreements. Starting in July of 2015, we implemented our comprehensive sleep apnea program, called “SleepMaster Solutions” ™. SleepMaster Solutions (“SMS”) utilizes an administrative system for the convenient identification/testing and therapy of Obstructive Sleep Apnea (“OSA”). We partnered with a national health care provider by initiating a sleep apnea wellness program whereby we screened, tested and when needed, offered a treatment programs for treating this disorder. We also contracted with a union to treat its driver members. Beginning in 2017, our only business was our SMS sleep apnea program.

Company profile

Ticker
CHCR
Exchange
CEO
Clark A. Marcus
Employees
Incorporated
Location
Fiscal year end
Former names
COMPREHENSIVE CARE CORP
SEC CIK
Subsidiaries
Pharmacy Value Management Solutions, Inc. ...
IRS number
952594724

CHCR stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Oct 21
20 Aug 22
31 Dec 22
Quarter (USD) Sep 20 Jun 20 Mar 20 Dec 19
Revenue
Cost of revenue
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Operating margin
Net income
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Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 14
Revenue
Cost of revenue
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Net profit margin
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13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

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Management Discussion
  • OSA services increased to $127,070 in 2020 from $68,173 in 2019. The increase was primarily the result of the Concentra account. Last year, on May 14, 2019, we reached an agreement with Concentra whereby Concentra engaged the Company, and the Company accepted the engagement, to serve as one of Concentra’s preferred national sleep apnea services provider. The launch was initiated during the fourth quarter of 2019.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: appeal, arising, automatic, automatically, bankruptcy, beta, brought, Burton, Chapter, Circuit, Code, companion, County, Delaware, District, Division, Dr, entitled, final, Hillsborough, independent, Jerry, joint, judgment, Judicial, jurisdiction, Katzman, online, payer, petition, Plaintiff, possession, presence, proceeding, properly, recover, regulatory, relief, shortened, stopped, surge, Tampa, TCA, turnaround, voluntary, Wiand
Removed: addition, anticipated, authorized, Certification, Clark, duly, Exhibit, implementation, Qualitative, registrant, smaller, thereunto, undersigned