Comprehensive Healthcare Systems Inc. Expands Client Portfolio with Midwest Union Addition
Comprehensive Healthcare Systems (TSXV: CHS) has secured a 5-year recurring revenue agreement with a Midwest Union for implementing its Novus 360 platform. The platform will integrate healthcare benefits and pension administration technology into a centralized system.
The new client will utilize CHS's digital engagement solutions, including Mobile Application and Member Portal, to enhance union member engagement and control costs. The Novus 360 platform features include billing and eligibility processing, retirement pension management, and disability benefits administration.
The agreement represents CHS's strategic expansion in offering Novus 360 to a broader market, with potential for future growth through additional solution offerings. The platform stands as the first fully integrated benefits administration solution that digitizes organizational plan administration through an accessible, user-friendly, and secure interface.
Comprehensive Healthcare Systems (TSXV: CHS) ha ottenuto un contratto di entrate ricorrenti di 5 anni con un sindacato del Midwest per l'implementazione della sua piattaforma Novus 360. La piattaforma integrerà la tecnologia per i benefici sanitari e l'amministrazione delle pensioni in un sistema centralizzato.
Il nuovo cliente utilizzerà le soluzioni di coinvolgimento digitale di CHS, inclusa l'applicazione mobile e il portale per i membri, per migliorare il coinvolgimento dei membri del sindacato e controllare i costi. Le funzionalità della piattaforma Novus 360 includono la fatturazione e l'elaborazione dell'idoneità, la gestione delle pensioni per la pensione e l'amministrazione dei benefici per disabilità.
Il contratto rappresenta l'espansione strategica di CHS nell'offrire Novus 360 a un mercato più ampio, con potenziale di crescita futura attraverso ulteriori offerte di soluzioni. La piattaforma si presenta come la prima soluzione di amministrazione dei benefici completamente integrata che digitalizza l'amministrazione dei piani organizzativi attraverso un'interfaccia accessibile, intuitiva e sicura.
Comprehensive Healthcare Systems (TSXV: CHS) ha asegurado un acuerdo de ingresos recurrentes de 5 años con un sindicato del Medio Oeste para implementar su plataforma Novus 360. La plataforma integrará la tecnología de beneficios de salud y administración de pensiones en un sistema centralizado.
El nuevo cliente utilizará las soluciones de compromiso digital de CHS, incluyendo la aplicación móvil y el portal para miembros, para mejorar el compromiso de los miembros del sindicato y controlar costos. Las características de la plataforma Novus 360 incluyen facturación y procesamiento de elegibilidad, gestión de pensiones de jubilación y administración de beneficios por discapacidad.
El acuerdo representa la expansión estratégica de CHS al ofrecer Novus 360 a un mercado más amplio, con potencial de crecimiento futuro a través de ofertas adicionales de soluciones. La plataforma se presenta como la primera solución de administración de beneficios completamente integrada que digitaliza la administración de planes organizativos a través de una interfaz accesible, fácil de usar y segura.
Comprehensive Healthcare Systems (TSXV: CHS)는 중서부 노동조합과 5년간의 반복 수익 계약을 체결하여 Novus 360 플랫폼을 구현합니다. 이 플랫폼은 의료 혜택과 연금 관리 기술을 중앙 집중식 시스템으로 통합합니다.
새로운 고객은 CHS의 디지털 참여 솔루션인 모바일 애플리케이션과 회원 포털을 활용하여 노동조합 회원의 참여를 향상하고 비용을 관리합니다. Novus 360 플랫폼의 기능에는 청구 및 자격 처리, 퇴직 연금 관리 및 장애 혜택 관리가 포함됩니다.
이 계약은 CHS가 Novus 360을 더 넓은 시장에 제공하기 위한 전략적 확장을 나타내며, 추가 솔루션 제공을 통한 미래 성장 가능성이 있습니다. 이 플랫폼은 접근 가능하고 사용자 친화적이며 안전한 인터페이스를 통해 조직의 계획 관리를 디지털화하는 최초의 완전 통합 혜택 관리 솔루션으로 자리 잡고 있습니다.
Comprehensive Healthcare Systems (TSXV: CHS) a sécurisé un accord de revenus récurrents de 5 ans avec un syndicat du Midwest pour la mise en œuvre de sa plateforme Novus 360. La plateforme intégrera la technologie de gestion des avantages sociaux et des retraites dans un système centralisé.
Le nouveau client utilisera les solutions d'engagement numérique de CHS, y compris l'application mobile et le portail des membres, pour améliorer l'engagement des membres du syndicat et contrôler les coûts. Les fonctionnalités de la plateforme Novus 360 comprennent la facturation et le traitement de l'éligibilité, la gestion des retraites et l'administration des prestations d'invalidité.
L'accord représente l'expansion stratégique de CHS pour offrir Novus 360 à un marché plus large, avec un potentiel de croissance future grâce à des offres de solutions supplémentaires. La plateforme se présente comme la première solution d'administration des avantages entièrement intégrée qui numérise l'administration des plans organisationnels via une interface accessible, conviviale et sécurisée.
Comprehensive Healthcare Systems (TSXV: CHS) hat einen 5-jährigen wiederkehrenden Einnahmenvertrag mit einer Gewerkschaft im Mittleren Westen gesichert, um seine Novus 360 Plattform zu implementieren. Die Plattform wird Technologie zur Verwaltung von Gesundheitsleistungen und Pensionen in ein zentrales System integrieren.
Der neue Kunde wird die digitalen Engagementlösungen von CHS, einschließlich der mobilen Anwendung und des Mitgliederportals, nutzen, um das Engagement der Gewerkschaftsmitglieder zu verbessern und Kosten zu kontrollieren. Zu den Funktionen der Novus 360 Plattform gehören Abrechnung und Berechtigungsprüfung, Verwaltung der Altersvorsorge und Verwaltung von Invaliditätsleistungen.
Der Vertrag stellt die strategische Expansion von CHS dar, Novus 360 einem breiteren Markt anzubieten, mit Wachstumspotenzial durch zusätzliche Lösungsmöglichkeiten in der Zukunft. Die Plattform gilt als die erste vollständig integrierte Lösung zur Verwaltung von Leistungen, die die Verwaltung von Organisationsplänen über eine zugängliche, benutzerfreundliche und sichere Schnittstelle digitalisiert.
- Secured 5-year recurring revenue agreement
- Potential for expansion with additional solutions
- Strategic market expansion in Midwest region
- None.
Calgary, Alberta--(Newsfile Corp. - March 4, 2025) - Comprehensive Healthcare Systems Inc. (TSXV: CHS) (the "Company" or "CHS"), a leading provider of healthcare benefits administration software and services, is pleased to announce the expansion of its client portfolio with a 5 year recurring revenue agreement with a prominent Midwestern Union. This new client has the potential to expand over the next few years, and the Company will have the opportunity to bring value with additional solution offerings. With this new partnership, the client will be implementing the Company's innovative Novus 360 platform to streamline the management of their Healthcare Benefits and Pension Administration technology in one centralized system.
Novus 360 is the first of its kind as a fully integrated benefits administration solution that digitizes how organizations administer their plans through an accessible, user-friendly, and secure platform. The client will be leveraging CHS's digital engagement solutions, including our Mobile Application and Member Portal to improve engagement with union members and control costs, while additional software features will enable our new client to process billing and eligibility, retirement for pension, and disability benefits. CHS has made it a strategic priority to offer Novus 360 to a wider market as it continues to advance its growing client portfolio.
"A rising number of customers are seeing the immense value in implementing our Novus 360 software solution within their organizations," said CHS Chief Executive Officer, Chris Cosgrove. "The latest addition to our Midwest client base will now have the ability to streamline their healthcare benefits administration all under one fully integrated, comprehensive platform, ensuring their program's needs are easily and efficiently met."
About Comprehensive Healthcare Systems Inc.
Comprehensive Healthcare Systems Inc. is a corporation incorporated under the laws of the Province of Alberta and is the parent company of Comprehensive Healthcare Systems Inc. (Delaware). The Company is a vertically integrated software as a services (SaaS) company focused on digitizing healthcare with Healthcare Benefits Administration solutions, providing reliable and high-volume transaction capable systems. The Company's state-of-the-art Novus 360 Healthcare Welfare and Benefits Administration (HWBA) SaaS platform is used by clients for all aspects of healthcare benefits administration (including self-funded employers, providers, and labor unions), providing healthcare administrative software and technology-enabled services.
FORWARD-LOOKING INFORMATION:
The press release contains "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "budget," "believe," "project," "estimate," "expect," "scheduled," "forecast," "strategy," "future," "likely," "may," "to be," "could," "would," "should," "will" and similar references to future periods or the negative or comparable terminology, as well as terms usually used in the future and conditional. An example of a forward-looking statement in this news release is the intended use of the proceeds of the Private Placement. These forward-looking statements are based on assumptions as of the date they are provided. However, there can be no assurance that such assumptions will reflect the actual outcome of such items or factors.
Additionally, there are known and unknown risk factors that could cause the Company's actual results and financial conditions to differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important risk factors that could cause actual results and financial conditions to differ materially from those indicated in the forward-looking statements, include among others: general economic, market and business conditions in Canada and globally; market volatility; unforeseen delays in timelines for any of the transactions or events described in this press release; and the risk of regulatory changes that may impact the business of the Company. All forward-looking information is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking statement or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Comprehensive Healthcare Systems Inc.
For further information: COMPREHENSIVE HEALTHCARE SYSTEMS INC., Toni Haugh, Chief Marketing Officer, E-mail: toni.haugh@comphealthcare.com, Phone: 914-573-8859
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/243204
FAQ
What is the duration of CHS's new contract with the Midwest Union?
What services will CMHSF provide to the Midwest Union through Novus 360?
What digital engagement solutions are included in the Midwest Union agreement?
How does the Novus 360 platform benefit the Midwest Union's operations?
