APOLLO MEDICAL HOLDINGS, INC. (OTCMKTS:AMEH) Files An 8-K Regulation FD Disclosure
Item 7.01
Regulation FD Disclosure.
On December 21, 2018, Apollo Medical Holdings, Inc. (the “Company”) issued a press release announcing that its subsidiary, APA ACO, Inc. generated $12.96 million in gross savings in its first performance year (2017) under the Next Generation Accountable Care Organization Model sponsored by the Centers for Medicare & Medicaid Services (“CMS”) and, as a result, it will receive $5.90 million in shared savings from CMS. Since the Company already accrued APA ACO, Inc. expenses in 2017, the $5.90 million payment will be recognized as net income in the Company’s 2018 3rd quarter income statement. A copy of the press release is attached hereto as Exhibit 99.1.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference to such filing.
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Item 9.01 |
Financial Statements and Exhibits |
(d)
Exhibits.
Apollo Medical Holdings, Inc. Exhibit
EX-99.1 2 ameh_ex99z1.htm PRESS RELEASE Submission Proof – tv500936 EXHIBIT 99.1 APOLLO MEDICAL HOLDINGS ANNOUNCES THAT APA ACO GENERATED $12.96 MILLION IN GROSS SAVINGS IN 2017 AND ACHIEVED $5.90 MILLION IN SHARED SAVINGS FROM THE CENTERS FOR MEDICARE AND MEDICAID SERVICES AS A RESULT Alhambra,…
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About APOLLO MEDICAL HOLDINGS, INC. (OTCMKTS:AMEH)
Apollo Medical Holdings, Inc. is a patient-centered, physician-centric integrated population health management company working to provide coordinated, outcomes-based medical care. The Company operates in healthcare delivery segment. Its operations include Hospitalists, which include its contracted physicians focusing on the delivery of medical care to hospitalized patients; an accountable care organization (ACO), which focuses on providing care to Medicare fee-for-service patients; an independent practice association (IPA), which contracts with physicians and provides care to Medicare, Medicaid, commercial and dual-eligible patients on a risk- and value-based fee basis; approximately three clinics, which it owns or operates, and which provide specialty care in the greater Los Angeles area, and Palliative care, home health and hospice services, which include its at-home and end-of-life services.