Date: Thu, 18 Dec 1997 19:23:20 GMT Server: Stronghold/1.3.4 Ben-SSL/1.3 Apache/1.1.3 Content-type: text/html Content-length: 12030 Last-modified: Wed, 05 Nov 1997 21:19:53 GMT
Company Overview
A National Healthcare ProviderAmerica Service Group Inc. (NASDAQ: ASGR) through our subsidiary, Prison Health Services, Inc. ("PHS"), was the first private corporation formed for the exclusive purpose of providing managed healthcare services to correctional and detention facilities nationwide. We are also one of the largest providers, offering a solid commitment and resources to meet client needs. Since 1978, PHS has dedicated 100% of its efforts and resources to ensure that we excel at correctional medicine. We recognize that the demands and ever-changing environment of managed care, especially as it pertains to correctional healthcare, requires a new, innovative and more efficient approach. PHS responds to this constantly changing environment with a team of exceptional people who are experts in their field. We have correctional healthcare management professionals in-house with outstanding experience and track records. We have recruited new managers from managed care/HMOs, hospital management, behavioral health, and integrated medical delivery systems. With this cutting-edge knowledge, we can apply the best principles of a dynamic healthcare environment to correctional healthcare. No one else can claim such expertise. Back to OverviewServing a Growing MarketApproximately 1.6 million adults are incarcerated in the United States. The number of inmates is projected to grow 8% per annum for the next several years. Approximately 62% of inmates in the U.S. are housed in state prisons, 30% in local jails, and the balance in the federal prisons or jail supervision. (Source: Bureau of Labor Statistics). Healthcare must be provided to inmates by the government. Total inmate healthcare spending in the United States is estimated between $3-$5 billion. Approximately 30% of spending is currently privatized; that is, provided by private contractors overseen by the appropriate government agency. Privatization of inmate healthcare services continues to increase due to growing acceptance and success of privatization, pressure on government to contain taxes, tougher sentencing guidelines and the managed care trend in healthcare delivery. Approximately $100-$200 million of inmate healthcare services contracts will be available to bid in 1997. Back to OverviewPrison Health Services, Inc. A Wholly-Owned Subsidiary of ASGPrison Health Services, Inc. (PHS), a wholly owned subsidiary of ASG, contracts to provide managed healthcare services to correctional facilities throughout the United States. PHS contracts with state, county and local governmental agencies to provide comprehensive healthcare services to inmates of prison and jails, with a focus on those facilities that maintain an average daily population of over 300 inmates. PHS believes it is the second largest private provider of correctional healthcare services, based upon revenue. Back to OverviewOur MissionPrison Health Services, Inc specializes in providing quality managed healthcare to correctional facilities throughout the United States. We are a team of dedicated healthcare professionals sharing a common vision of delivering high quality, cost effective client services. We are committed to promoting and maintaining a positive work environment. We value and respect the contributions and ideas of employees and clients. With this mission of excellence and commitment to client services, we will remain the industry leader. Back to OverviewTop of PageHome | Investor Relations | Services | Locations | Job Postings | Contact Us Send mail to webmaster@asgr.com
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