Shares of Hythiam (OTC:HYTM) were on the buying block today jumping more than 30 percent in early trading on heavy volume. As I write, the stock is up nearly 4 cents at $0.15 per share on volume of more than 881,000 shares compared to its average daily volume of about 312,000 shares. Hythiam has a market cap of $26 million and a 52-week range between $0.01 and $0.64 per share.Hythiam provides through its Catasys subsidiary, specialized behavioral health management services to health plans, employers and unions through a network of licensed and company managed health care providers. The Catasys substance dependence program was designed to address substance dependence as a chronic disease.
The program seeks to lower costs and improve member health through the delivery of integrated medical and psychosocial interventions in combination with long term care coaching, including their proprietary treatment program for alcoholism and stimulant dependence. Hythiam does not practice medicine or manufacture, distribute, or sell any medications and has no relationship with any manufacturers or distributors of medications used in the program.
For further information, please visit www.hythiam.com.
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