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Cavit Sciences' National Health Services Inks National Deal for
WellnessSuite (TM)
Last update: 7/24/2009 8:32:00 AM
PATERSON, N.J., Jul 24, 2009 (BUSINESS WIRE) -- National Health
Services, a wholly owned subsidiary of Cavit Sciences, Inc. (CVIT) has
signed a deal to provide access to it's newest Wellness Plan to a
population of over 455,000 plan members through a Third Party
Administration Services company that provides benefit programs to
unions, municipalities, self-funded health plans and to mid-sized and to
large employers nationally.
"Given the size of the population, with even a 30% participation rate,
the company stands to earn revenues in excess of $3 million dollars in
the first year. We expect participation to rise significantly in years 2
and 3," says Elizabeth Gannon, President National Health Services.
"We are very excited, this being the first national client for new My
Healthy Lifestyle(R) WellnessSuite(TM). More and more organizations are
seeing the value of introducing wellness as a cost containment
strategy." Gannon added "NHS is in discussions to supply several custom
solutions for a variety or national clients. With the ease of
implementation and modest pricing in this economy, NHS' Wellness
Solutions are poised to be the wellness plans of choice for the mass
market of small to mid-sized employers looking to for affordable
effective wellness solutions giving NHS market share at a rapid pace."
According to an article published by the Boston Globe, Members of
Congress have announced the introduction of health care legislation. A
provision in the Senate bill would increase the insurance discount
companies can offer to employees who take steps like losing weight.
Workers who quit smoking, lose weight, and eat right could have their
health insurance premiums cut by as much as half, possibly saving them
thousands of dollars per year, under a measure inserted with little
notice this week into the Senate health care overhaul bill.
About Cavit Sciences, Inc.
Cavit Sciences, Inc. ("Cavit") is a biotechnology company engaged in
developing treatments and prevention for cancer, viral infections and
related diseases along with natural supplements for a healthy lifestyle.
Additional information regarding Cavit can be obtained on the company's
website, which is listed below along with subsidiary websites.
About National Health Services
National Health Services (NHS) is a leading provider of national health
care cost containment strategy and innovation with a wellness focus. NHS
provides access to turn key wellness plans at modest prices via its
proprietary platform and streamlined administrative processes. NHS
brings welcome relief to clients looking for affordable high end
seamless business solutions. Unique engineering and design provides
custom, seamless integration, creating modestly priced centrally
administered wellness solutions.
SOURCE: Cavit Sciences, Inc.
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