Phyhealth Appoints Gerald H. Priceman as Medical Director

MIAMI, May 1 /PRNewswire-FirstCall/ -- Physicians Healthcare Management Group, Inc. (Phyhealth) (Pink Sheets: PHYH), a developer of health maintenance organizations (HMOs) in partnership with physicians, today announced the appointment of Gerald H. Priceman, M.D. as medical director of Phyhealth Plan Corporation.

Dr. Priceman is a practicing physician in Orlando, Florida, who has extensive experience as the medical director at managed healthcare organizations, including Physicians United Plan, Associated In-Patient Services, North American Medical Management (NAMM) and Primary Physicians of Greater Orlando/Mariner Physicians Services, Inc., among others. As Medical Director of Physicians United Plan, Dr. Priceman supervised all utilization management, quality assurance and regulatory programs for this newly organized Medicare Advantage HMO. While at Associated In-Patient Services, Dr. Priceman developed, implemented and executed a disease management program for congestive heart failure, coronary artery disease, chronic obstructive pulmonary disease and diabetes mellitus. He also developed and implemented a program for optimizing inpatient hospital care though the efficient use of hospitalist physicians. Dr. Priceman has been appointed to numerous clinical positions during his career and holds both Florida and Connecticut medical licenses. He has earned Board Certifications from the American Board of Internal Medicine and the National Board of Medical Examiners. He holds an M.D. degree from The Chicago Medical School and a Bachelor of Arts degree from New York University.

Mr. Robert Trinka, chairman and chief executive officer, stated, "Dr. Priceman is a welcome addition to our team as we prepare to launch our Pilot HMO later this year. He has extensive experience in managed care, clinical practice and health plan management and has provided clinical oversight for thousands of Medicare HMO patients during his 30-year career. We are honored to have such a highly regarded medical professional on board in this important role. We look forward to his contribution."

About Physicians Healthcare Management Group, Inc.

Physicians Healthcare Management Group, Inc. (Phyhealth) is a developer of community-based health maintenance organizations (HMOs) that are owned and operated in partnership with the participating physicians. Phyhealth Plans are designed to deliver high-quality affordable healthcare by enabling physicians to assume end-to-end management of healthcare for their patients. The Phyhealth model empowers physicians to provide preventive healthcare and proactively manage their patients' general health by aligning incentives amongst the HMO, physician and the patient. Phyhealth intends to offer additional value-added products and services in cooperation with physicians, including medical malpractice insurance, local care facilities and wellness programs, as well as information technologies such as secure electronic medical records.

Forward-Looking Statements

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Physicians Healthcare Management Group, Inc, and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. Additional information is available at: http://www.phyhealth.com .

SOURCE Physicians Healthcare Management Group, Inc.

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