Business
Comprehensive Healthcare Systems Secures New York City Based Client on Novus360 for Streamlined, High Value Utilization Management Solutions
Calgary, Alberta--(Newsfile Corp. - June 24, 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 New York City Union. This new client will onboard over 3,000 insured lives to the CHS Novus360 Platform, and has the potential to expand over the ...
About this update from Comprehensive Healthcare Systems Inc
[{"type":"text","content":"Calgary, Alberta--(Newsfile Corp. - June 24, 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 New York City Union. This new client will onboard over 3,000 insured lives to the CHS Novus360 Platform, and has the potential to expand over the next few years, bringing with it the opportunity for CHS to bring value with additional solution offerings. With this new partnership, the client will be implementing the Company's innovative Novus360 platform and award-winning Utilization Management Solutions to streamline the administration of their Healthcare Benefits.","length":822,"tagName":"p"},{"type":"text","content":"Novus360 is the first of its kind as a fully integrated benefits administration and technology services 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 the Novus360 Provider Portal to accelerate Prior Authorization and Medical Necessity checking, ensuring the appropriateness of care. CHS typically charges a per member per month (PMPM) fee for offering Novus360 platform and related technology enabled solutions, such as Utilization Management.","length":601,"tagName":"p"},{"type":"text","content":"Utilization management (UM) is a systematic process in healthcare that evaluates the necessity, appropriateness, and efficiency of medical services, procedures, and facilities provided to patients. Its primary goal is to ensure that patients receive the most suitable, cost-effective care at the right time, while also controlling healthcare costs and maintaining or improving quality of care.","length":393,"tagName":"p"},{"type":"text","content":""A rising number of customers are seeing the immense value in implementing our Novus360 software and technology services within their organizations," said CHS Chief Executive Officer, Chris Cosgrove. "The latest addition of this NYC based client base will now ensure they will have the ability to streamline how their healthcare benefits get administered all under one fu...