| 2008-02-20 | Contract/Agreements | VERO BEACH, Fla.--(BUSINESS WIRE)--Aetna (NYSE: AET) announced today it has reached agreement with Indian River Medical Center on a three-year contract that adds the hospital to Aetnas provider network in the Central Florida area. The agreement takes effect March 1.
This is a very positive development for our members, said Ruth Fricke, Aetnas head of network operations in Florida. The addition of Indian River Medical Center significantly expands Aetnas hospital access in the Vero Beach area. Were hopeful it will enhance our efforts to attract new customers and retain existing ones.
Under the agreement, members of Aetna network-based plans will be able to receive covered in-patient and out-patient services, at in-network rates, from the Indian River Medical Center, which operates a 335-bed hospital in Vero Beach.
Aetna provides and administers health benefits to more than 225,000 members in Central Florida. Those members have access to a contracted network of 33 hospitals, 1,378 primary care physicians and 3,111 specialists.
Indian River Medical Center (IRMC) is a 335-bed, not-for-profit, community hospital that, with its related facilities, occupies a medical-services campus of more than 80 acres off U.S. Route 1 in Vero Beach, Fla. Its staff of health care professionals includes more than 240 affiliated physicians representing 40 different specialties who provide a wide range of quality medical care and services.
Founded by Garnett Radin, R.N., in 1932, the hospital celebrated its 75th anniversary of serving the community recently. With all private rooms, IRMC is the second-largest employer in Indian River County with more than 1,670 employees. IRMC is accredited by the Joint Commission and a number of departments and services have received state and national certification.
Aetna is one of the nations leading diversified health care benefits companies, serving approximately 36.7 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, government-sponsored plans and expatriates www.aetna.com
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| 2008-02-08 | Contract/Agreements |
DES MOINES, Iowa--(BUSINESS WIRE)--Principal Financial Group®, the nation's premier provider of employee benefits, announces an agreement with Aetna Signature Administrators that will allow current and new self-funded customers access to a bundled offering of Aetna Signature Administrators’ national PPO network and stop loss insurance. Self-funded medical customers of the National Accounts Division of The Principal® are now connected to one of the largest and most comprehensive PPO networks in the country.
“We’re ecstatic to be working with Aetna Signature Administrators. Their broad network of physicians and facilities directly impacts our customers with greater claim cost savings,” said Maria Volante, vice president of National Accounts for the Principal Financial Group. “The ability to offer Aetna’s network along with our current network and stop loss offerings ensures our clients receive tailored products focused on cost-containment.”
For National Accounts, the agreement is another step in a series of changes designed to enhance the Principal self-funded business. Strong network and stop-loss arrangements reinforce an ongoing commitment to curbing rising client healthcare costs through efficient administration and a focus on improving member health. Other examples of cost-containment initiatives include health savings accounts, wellness programs including on-site employee screenings, disease management for more than 30 conditions and a newly announced cancer care program.
“As one of the nation’s largest third party administrators, we are committed to working closely with our customers to control their healthcare costs long-term. This agreement strengthens our ability to deliver an even more competitive product in markets where the Aetna PPO network is strong,” said Volante.
“We are excited to partner with The Principal National Accounts Division to bring self-funded customers a unique benefits solution,” notes Dan Fishbein, M.D. head of Aetna’s Health Plan Alliances. “By combining the Aetna Signature Administrators’ PPO network with the strength and flexibility of The Principal administration platform, we will offer a compelling value to customers preferring a TPA administrative model,” added Mike Ciarrocchi, head of Aetna Signature Administrators.
About Aetna
Aetna Inc. and its subsidiaries are one of the nation's leading diversified health care benefits companies, serving approximately 34.9 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life, long-term care and disability plans, and medical management capabilities. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans and government-sponsored plans. www.aetna.com.
About the Principal Financial Group
The Principal Financial Group® (The Principal ®)1 is a leader in offering businesses, individuals and institutional clients a wide range of financial products and services, including retirement and investment services, life and health insurance, and banking through its diverse family of financial services companies and national network of financial professionals. A member of the Fortune 500, the Principal Financial Group has $270.1 billion in assets under management2 and serves some 17.6 million customers worldwide from offices in Asia, Australia, Europe, Latin America and the United States. Principal Financial Group, Inc. is traded on the New York Stock Exchange under the ticker symbol PFG. For more information, visit www.principal.com.
Insurance products and services issued by Principal Life Insurance Company.
1 "The Principal Financial Group" and “The Principal” are registered service marks of Principal Financial Services, |
| 2008-02-07 | Earnings/Dividends | HARTFORD, Conn.--(BUSINESS WIRE)--Aetna (NYSE: AET) today announced fourth-quarter 2007 operating earnings of $0.88 per share. The increase in operating earnings per share reflects 12 percent total revenue growth, primarily from quarter-over-quarter membership growth and premium and fee rate increases, as well as solid underwriting results and continued general and administrative expense efficiencies. This improvement also reflects the benefit of continued share repurchases. Fourth-quarter net income was $0.87 per share, an increase of 9 percent over the prior-year quarter. Operating earnings exclude net realized capital gains (losses) and other items. (1)
Full-year 2007 operating earnings increased by 20 percent over the prior year to $3.49 per share. Net income was $3.47 per share, an increase of 16 percent over the prior year.
Quarterly Financial Results at a Glance Three Months Ended December 31, (Millions, except per share results) 2007 2006 Change Total revenue $ 7,144.4 $ 6,359.5 12 % Operating earnings(1) 454.5 424.2 7 % Net income 448.4 434.1 3 % Per share results: Operating earnings(1) .88 .78 13 % Net income .87 .80 9 % Weighted average common shares - diluted 516.3 541.8 Full-Year Financial Results at a Glance Twelve Months Ended December 31, (Millions, except per share results) 2007 2006 Change Total revenues $ 27,599.6 $ 25,145.7 10 % Operating earnings(1) 1,837.1 1,647.9 11 % Net income 1,831.0 1,701.7 8 % Per share results: Operating earnings(1) 3.49 2.90 20 % Net income 3.47 2.99 16 % Weighted average common shares - diluted 527.0 569.1 We are very pleased to have delivered another year of strong results in 2007, said Ronald A. Williams, chairman and CEO. Our disciplined focus on providing innovative products, integrated solutions and best-in-class customer service has resulted in consistent, profitable growth and a platform for continued success in 2008.
These accomplishments have been the direct result of the execution of our strategy, the efforts of our dedicated workforce and our unwavering focus on the people who use our services. Continued growth across product lines; our ongoing work to identify and reach underserved segments of the marketplace; and broadening our product portfolio, whether through recent acquisitions or innovation, have positioned Aetna well for future growth. It is through the combination of all of these factors, as well as targeting our growth by better understanding the needs of our customers through market segmentation, that we will attain industry leadership. Thats our goal.
Aetnas excellent results in 2007 validate our winning strategy, said Joseph M. Zubretsky, executive vice president and CFO. We continue to effectively manage medical costs, to increase our membership and revenues and to effectively deploy capital, three keys to delivering sustained profitable growth.
For full-year 2008, we project operating earnings to be $4.00 per share, in line with our prior guidance. We project our first-quarter 2008 operating earnings per share to be $0.92 per share, a 14 percent increase over the 2007 first-quarter level. We believe Aetna is very well positioned to continue to sustain long-term operating earnings per-share growth of 15 percent, Zubretsky said. (2)
Health Care business results
Health Care, which provides a full range of insured and self-insured medical, dental, pharmacy and behavioral health products and services, reported:
Operating earnings of $439.6 million for the fourth quarter of 2007, compared with $412.2 million for the fourth quarter of 2006. The increase in operating earnings reflects a 15 percent increase in revenue primarily from membership growth, premium and fee rate increases and acquisitions, as well as solid underwriting results, continued general and administrative expense efficiencies and higher net investment income. Net income of $439.2 million for the fourth quarter of 2007, compared with $418.7 million for the fourth |
| 2008-02-06 | Contract/Agreements | DALLAS--(BUSINESS WIRE)--Tenet Healthcare Corporation (NYSE: THC) today announced that it has signed a new multi-year agreement with CIGNA Corporation (NYSE: CI) including all of Tenets 54 acute care hospitals, outpatient centers and employed physicians. The agreement includes a provision to include any new facilities that might be added to Tenets portfolio. With CIGNAs planned acquisition of Great-West Healthcare, Tenet now has all of its acute care hospitals included in the networks of both managed care companies.
We are pleased that CIGNA has agreed to expand our relationship with the addition of nine Tenet hospitals to their network, said Stephen L. Newman, M.D., Tenets chief operating officer. With this expanded contract, we move incrementally closer to achieving our objectives for commercial volume growth.
The following hospitals are being added to CIGNAs network of providers:
Providence Memorial Hospital, 508 beds, El Paso, Texas Desert Regional Medical Center, 367 beds, Palm Springs, Calif. Sierra Medical Center, 351 beds, El Paso, Texas Garden Grove Hospital and Medical Center, 167 beds, Garden Grove, Calif. Nacogdoches Medical Center, 150 beds, Nacogdoches, Texas John F. Kennedy Memorial Hospital, 145 beds, Indio, Calif. Community Hospital of Los Gatos, 143 beds, Los Gatos, Calif. Twin Cities Community Hospital, 84 beds, Templeton, Calif. Sierra Providence Eastside Hospital, a 100-bed hospital in El Paso, Texas, will be added to the CIGNA network when it opens in the first half of 2008.
The new CIGNA contract is consistent with our strategy of achieving full participation for all our facilities with managed care partners at competitive financial terms, said Clint Hailey, Tenets chief managed care officer. This agreement with CIGNA represents a continuation of Tenet's strategy that began in the summer of 2007 with our national agreement with Aetna and was continued with our national agreement with United Healthcare announced in Novemberand now includes CIGNA.
Since mid-year 2007, Tenet announced multi-year national agreements with Aetna (NYSE: AET), UnitedHealthcare (NYSE: UNH) as well as additional regional contracts including Blue Cross of California, Coventry, Blue Cross Blue Shield of Texas, and Blue Cross and Blue Shield of North Carolina.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates acute care hospitals and related ancillary health care businesses, which include ambulatory surgery centers and diagnostic imaging centers. Tenet is committed to providing high quality care to patients in the communities we serve. Tenet can be found on the World Wide Web at www.tenethealth.com.
Some of thestatements in this release may constitute forward-looking statements. Such statements are based onourcurrent expectationsand could be affected by numerous factors and are subject to various risksand uncertaintiesdiscussed inourfilings with the Securities and Exchange Commission, includingourannual report on Form 10-K for the year ended Dec. 31, 2006, our quarterly reports on Form 10-Q and periodic reports on Form 8-K. Do not rely on any forward-looking statement, as we cannot predict or control many of the factors that ultimately may affect our ability to achieve the results estimated. We make no promise to update any forward-looking statement, whether as a result of changes in underlying factors, new information, future events or otherwise.
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| 2008-01-28 | Company Financing | Aetna (NYSE:AET) and the Aetna Foundation in 2007 awarded community grants and sponsorships in Georgia totaling $450,000, with a particular focus on targeting diabetes and related conditions.
Among the community grants awarded were:
$75,000 to the American Diabetes Foundation; $50,000 to Wellstar; $50,000 to the 100 Black Men of Atlanta; $50,000 to the Childrens Healthcare of Atlanta Foundation; $50,000 to the Metropolitan Atlanta chapter of the National Coalition of 100 Black Women. Other Georgia organizations that were recipients of Aetna grants and-or sponsorships included The King Center; The Greater Atlanta Economic Alliance; The National Black College Hall of Fame; Georgia West Mental Health Foundation; CHOICES (Center Helping Obesity In Children End Successfully); and The Center for Health Care Transformation Foundation.
Aetna also sponsored the Atlanta Football Classic weekend, funding a panel discussion on the dangers of childhood obesity, particularly among African-American children.
Georgia is a state that matters a great deal to Aetna, said Cynthia Follmer, head of Aetnas Georgia markets. As a company with a significant customer and employee presence in the state, were committed to using our resources to promote awareness and improve health outcomes for Georgians.
Aetna awarded $75,000 to the American Diabetes Association to help fund programs aimed at decreasing obesity and increasing diabetes awareness and improved results in Atlantas African American community. One of those was Project Power, a program focused on The program includes diabetes days, during which preachers at 15 large African American churches are asked to speak from the pulpit about early diagnosis and managing diabetes. It also features a one-day educational program for more than 600 residents, taught by African American health care professionals.
Aetna awarded Wellstar a $50,000 grant to support Be Well 101 a program focused on helping children and adolescents who have been diagnosed with obesity, hypertension, hyperlipidemia, insulin resistance and-or diabetes. The program incorporates a multidisciplinary approach to education and intervention and promotes lifestyle changes to reduce risk factors. It incorporates exercise, health and disease education, nutrition education and psychosocial fitness, engaging both youths and their family members in a comprehensive approach.
The 100 Black Men of Atlanta (BMOA) received a $50,000 grant to help address health disparities in the African American community. Partnering with the National Center for Primary Care at Morehouse School of Medicine, the BMOA created community health fairs, which provided health and wellness education to students from the Atlanta public school system and their families. One fair, called Celebrate Health, Celebrate Living, was held as part of the Atlanta Football Classic weekend. Aetnas grant also helped fund other BMOA activities throughout the year.
Aetna awarded a $50,000 grant to the Childrens Healthcare of Atlanta Foundation to help support Childrens TIPPs, an after-school program of individualized nutrition and physical activity sessions for overweight children ages 10 to 18 with two or more risk factors for type 2 diabetes. Children are referred by their physicians. TIPPs was successfully implemented in Childrens Healthcare facilities in DeKalb, Gwinnett and Cobb counties, and the foundation expanded the programs reach by offering it at an Atlanta YMCA facility.
The Metropolitan Atlanta chapter of the National Coalition of 100 Black Women received a $50,000 grant to help fund health fairs and community forums that keep women and children informed about illnesses disproportionately affecting African American women. These included programs on HIV/AIDS, sudden infant death syndrome (SIDS), breast cancer, hypertension and diabetes. |
| 2008-01-17 | Contract/Agreements | MACON, Ga.--(BUSINESS WIRE)--Aetna (NYSE: AET) announced today it has reached agreement with Central Georgia Health Network (CGHN) on a multi-year contract that adds the Medical Center of Central Georgia and its affiliated physicians to Aetnas provider network in the Macon area. The agreement provides current and new Aetna enrollees with access to the CGHN provider network.
Were very pleased to announce this new agreement, said Ramzy ElGomayel, Aetnas head of network operations in Georgia. This is very good news for Aetna members and prospective future customers in the Macon area. Weve greatly expanded access to hospitals, facilities and physicians in Central Georgia.
This agreement extends access to the Medical Center of Central Georgia and our physicians for a significant number of Aetna members in and around the Macon area, said Don Faulk, president and CEO of Central Georgia Health System. We welcome them to the Central Georgia Health Network and look forward to serving them with world-class care.
Under the agreement, members of Aetna network-based plans will be able to receive covered in-patient and out-patient services, at in-network rates, from the Medical Center of Central Georgia, the childrens hospital in Macon, home health, home infusion, three urgent care centers, radiology centers, a rehab hospital, an ambulatory surgery center, and approximately 180 physicians who previously had not participated with Aetna. These physicians include hospital-based doctors and community physicians. Aetna members will continue to have access to about 220 of CGHNs affiliated physicians who had previously established contractual arrangements with Aetna.
Aetna provides and administers health benefits to more than 500,000 members in Georgia. Those members currently have access to a contracted network of 153 hospitals, 4,360 primary care physicians and 8,790 specialists.
About Central Georgia Health System
Central Georgia Health System is a private, not-for-profit corporation that includes The Medical Center of Central Georgia and Central Georgia Health Network and other health related companies. CGHN is a physician-hospital organization, which includes more than 400 primary-care and specialty physicians.
About Aetna
Aetna is one of the nations leading diversified health care benefits companies, serving approximately 36.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, government-sponsored plans and expatriates www.aetna.com
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| 2008-01-10 | Company Financing | Aetna (NYSE: AET) today announced the donation of $500,000 to UC Davis Childrens Hospital to expand its pediatric intensive care unit (PICU) and telemedicine capabilities throughout Northern California.
Aetna shares the UC Davis Childrens Hospital goal of improving the health of the communities we serve, said Gerald Bishop, M.D., Aetna senior medical director for the Central Valley. Were proud to support UC Davis passion for excellence and this expansion of their pediatric intensive care unit, which will ensure that our members throughout Northern California have even better access to high quality care.
The enhanced ability for UC Davis Childrens Hospital to provide telemedicine consultations throughout the Northern California region will have a tremendous positive impact far beyond the Sacramento area, and we are pleased to be able to support their efforts, he said.
Aetnas support of our Pediatric Intensive Care Unit expansion and our telemedicine program is critical to helping us care for more of our regions most seriously ill and injured children and to sharing our specialty expertise with hospitals throughout the region, said Anthony Philipps, medical director of UC Davis Childrens Hospital.
The UC Davis Childrens Hospital PICU treats children with serious injuries, respiratory failure, heart conditions and other life-threatening illnesses. The PICUs survival rates are among the highest in the nation, the planned expansion increases the number of patients the unit can serve at any one time from 16 to 24.
UC Davis is also a national leader in health and technology. Through the use of enhanced video and Internet capabilities, the hospitals telemedicine program connects the specialists of UC Davis with health-care facilities that do not have access to a full-range of pediatric services. The pediatric critical-care telemedicine program is the first of its kind in the country, providing expert and immediate assistance to acutely ill and injured children in locations far from Sacramento. |
| 2008-01-09 | Earnings/Dividends | HARTFORD, Conn.--(BUSINESS WIRE)--Aetna (NYSE: AET) announced today that its fourth quarter and full-year 2007 results will be made public on Thursday, February 7, 2008, at 6 a.m. ET. Following the earnings release, Aetna will host a conference call, which will begin at 8:30 a.m. ET on February 7.
The public may access the conference call through a live audio webcast available on Aetnas Investor Information link on the Internet at www.aetna.com. Financial, statistical and other information, including GAAP reconciliations, related to the conference call also will be available on Aetnas Investor Information web site.
The conference call also can be accessed by dialing 866-454-4207, or 913-312-0824 for international callers. The company suggests participants dial in approximately 10 minutes before the call. Individuals who dial in will be asked to identify themselves and their affiliations.
A replay of the call may be accessed through Aetnas Investor Information link on the Internet at www.aetna.com or by dialing 888-203-1112, or 719-457-0820 for international callers. The replay access code is 8490606. Telephone replays will be available from 11:30 a.m. ET on February 7 until midnight ET on February 20, 2008.
Anyone listening to the Aetna Inc. call and/or webcast is encouraged to read Aetnas 2006 Annual Report on Form 10-K, on file with the Securities and Exchange Commission, and Aetna's 2007 Annual Report on Form 10-K, when filed with the SEC, including the discussion of risk factors and Aetna's historical results of operations and financial condition.
Aetna is one of the nations leading diversified health care benefits companies, serving approximately 36.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, government-sponsored plans and expatriates. www.aetna.com
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| 2008-01-08 | Contract/Agreements | SEATTLE--(BUSINESS WIRE)--The Leapfrog Group and Aetna (NYSE: AET) announce the launch of a Leapfrog Hospital Rewards ProgramTM (LHRP) pilot in the Puget Sound and Spokane regions. Aetna is the first national health insurance plan to pilot the hospital incentive and reward program with The Leapfrog Group. The LHRP is the first national hospital incentive program that can be licensed and implemented by private healthcare purchasers -- employers, healthcare coalitions, and health plans -- to advance hospital performance improvement and enhance the value of hospital care.
The Leapfrog Hospital Rewards ProgramTM measures the quality of care and the efficiency with which hospitals use resources in clinical areas that represent a significant portion of hospital admissions and expenditures among the commercially-insured population. The program utilizes a standardized methodology to assess the value of patient care by measuring performance along two dimensions the quality of the care hospitals provide and how effectively they deliver it. The methodology employs nationally accepted quality measures endorsed by the National Quality Forum (NQF) and collected and reported by the Joint Commission and Centers for Medicare & Medicaid Services (CMS). To measure efficiency of resource use, Leapfrog examines severity-adjusted average length of stay and readmission rates. All data are collected from hospitals via the Leapfrog Hospital Quality and Safety Survey.
The Leapfrog Hospital Rewards pilot program will enable us to identify hospitals providing improved quality and more efficient care, said Drew Oliveira, M.D., medical director for Aetnas Northwest markets. Through the data gathered during this pilot, hospitals will be able to create processes to minimize medical errors and achieve the best possible outcomes for our members.
Aetna strives to work collaboratively with doctors, hospitals and employers to improve health care quality and efficiency, and this pilot is another example off that commitment, Oliveira said.
At Virginia Mason, we are well aligned with employers and Aetna around support of Leapfrog's emphasis on quality. Better quality means better access to care, better outcomes and better value for the dollar," said Gary Kaplan, M.D., CEO and chairman, Virginia Mason Medical Center. "Creative approaches like the Leapfrog Hospital Rewards Program will help spur needed change in our health care system."
Karen Linscott, Acting CEO of The Leapfrog Group, stated, The main goal of the Leapfrog Hospital Rewards ProgramTM is to provide extra incentives for hospitals to improve patient care.
Aetna
Aetna is one of the nations leading diversified health care benefits companies, serving approximately 36.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group lifeand disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, government-sponsored plansand expatriates. www.aetna.com
The Leapfrog Group (www.leapfroggroup.org)
On behalf of the millions of Americans for whom many of the nations largest corporations and public agencies buy health benefits, The Leapfrog Group aims to use its members collective leverage to initiate breakthrough improvements in the safety, quality, and affordability of health care for Americans. The Leapfrog Group was founded in November 2000 by the Business Roundtable and is supported by its members, the Robert Wood Johnson Foundation, The Commonwealth Fund, the Agency for Healthcare Research and Quality and other sources.
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| 2007-12-06 | Contract/Agreements |
TALLAHASSEE, Fla.--(BUSINESS WIRE)--Aetna (NYSE: AET) announced that it has reached agreement with Capital Regional Medical Center on a contract that adds the 198-bed hospital to Aetna’s Tallahassee network.
Under the agreement, members of Aetna network-based plans will be able to receive covered in-patient and out-patient services, at in-network rates, from Capital Regional.
“Aetna is very pleased to welcome Capital Regional Medical Center to our network,” said Ruth Fricke, Aetna’s head of network operations for Florida. “With this contract, we now have agreements with both hospitals in Leon County, greatly expanding access for our members.”
Aetna provides health benefits to approximately 228,000 members in North Florida. Those members have access to a contracted network of 54 hospitals, 2,000 primary care physicians and 4,100 specialists.
“We are very excited to be able to offer Aetna’s members a choice in their hospital care,” stated Sharon Roush, CEO of Capital Regional Medical Center. “Lets face it, no one wants to be in the hospital, but when it is necessary those little extras offered at Capital Regional, like all private rooms, free valet parking and a kind and caring staff, make all the difference in your recovery.”
About Capital Regional Medical Center
Capital Regional Medical Center offers a wide range of state-of-the-art medical services designed for prevention, early detection and treatment of health care problems. As a full-service hospital, services include: comprehensive cardiology and cardiovascular surgery; 24-hour emergency department with ExpressCare; Family Center offering obstetrical and gynecological care; hyperbaric oxygen chamber; inpatient and outpatient care in radiology, respiratory therapy and physical therapy; mammography services; Wound Treatment Center; Spine Center; oncology services as well as surgical specialties in cardiology, orthopedics, urology and neurosurgery.
About Aetna
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 36.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, government-sponsored plans and expatriates www.aetna.com
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| 2007-12-06 | Contract/Agreements |
CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Aetna (NYSE: AET) announced today it has reached agreement with Martha Jefferson Hospital on a new contract that adds the hospital and its 269 affiliated physicians to the company’s Richmond-area network.
“We’re very excited to welcome Martha Jefferson Hospital to the Aetna network,” said Carolyn Harrington, Aetna’s senior network manager for the Richmond market. “And we’re looking forward to offering the people in the Charlottesville area access to our HMO-based products.”
Under the agreement, which took effect Nov. 15, members of Aetna network-based plans will be able to receive covered in-patient and out-patient services, at in-network rates, from Martha Jefferson Hospital.
“We are proud of our history of service to our community, and appreciate the opportunity to extend our service to increasing numbers of local families,” said Steve Bowers, spokesperson for Martha Jefferson Hospital. “Our capabilities continue to expand, but our commitment to personal health care will not change.”
Martha Jefferson Hospital serves Charlottesville and eight surrounding counties in Central Virginia. The facility is licensed for 176 beds, and provides cardiac and vascular care supported by on-site cardiac catheterization labs and a vascular interventional radiology lab. Martha Jefferson is accredited as a Community Hospital Comprehensive Cancer Care Program by the American College of Surgeons. To learn more about Martha Jefferson Hospital visit www.marthajefferson.org.
Aetna provides and administers health benefits to more than 470,00 members in Virginia In the Richmond area, members currently have access to a contracted network of 19 hospitals, 1,009 primary care physicians and 2,237 specialists.
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 36.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, government-sponsored plans and expatriates www.aetna.com |
| 2007-12-04 | Contract/Agreements |
CHICAGO--(BUSINESS WIRE)--ActiveHealth Management (ActiveHealth®) has selected Initiate Patient™ and Initiate Provider™ master data management (MDM) solutions from Initiate Systems, Inc., to help accurately locate, match and link more than 15.8 million patient and 1.5 million provider records from multiple data sources to create a single, complete view of each patient and provider. Initiate Systems solutions also will assist ActiveHealth with improving operational performance by managing disparate sources of patient and provider information in order to reduce duplicate records and more effectively manage ActiveHealth’s health information exchange (HIE) with regional health information organizations (RHIOs).
“As we further our efforts with HIE and RHIOs, choosing the right technology solution partner is vital to improving our matching and master data management capabilities,” said Frank Norman Jr., executive vice president and CIO at ActiveHealth. “We can only communicate health data regarding opportunities to improve care directly to doctors and patients if we are certain that the information is accurate and timely. We have confidence that technology from Initiate Systems will help us achieve this goal.”
ActiveHealth’s patented CareEngine® System compares patient health data against up-to-date, evidence-based standards. CareEngine issues clinical alerts, called Care Considerations, to doctors and patients when opportunities for better care are identified. Care Considerations communicate patient-specific information that helps doctors and patients work together to make informed decisions and help the patients achieve optimal health. The Initiate technology will help CareEngine accurately locate and match patient records from a variety of data sources, including health plans, RHIOs, labs, pharmacy benefit management companies, and providers.
“Accurately linking patients with their care records is one of the most important requirements of healthcare systems and is particularly challenging with real-time clinical data,” said Walt Ellenberger, vice president, Initiate Systems. “Our work with ActiveHealth further demonstrates the ability of Initiate software to deliver critical information when and where it is required.”
About ActiveHealth
ActiveHealth Management is a clinically-based, technology-driven health management services company. Health plans, employers and government payers rely on ActiveHealth's CareEngine® System Clinical Decision Support, Disease Management, Health Management and Data Analytics solutions to improve care for those most in need, prevent medical errors, reduce hospitalizations and lower medical costs. Over 15.8 million people nationwide benefit from programs powered by ActiveHealth's patented CareEngine® System. ActiveHealth is an independent subsidiary of Aetna (NYSE:AET). Founded in 1998, ActiveHealth is headquartered in New York City with locations in Chantilly, Virginia, Chicago, Rolling Meadows, Illinois, Greenwood Village, Colorado, and Beachwood, Ohio. For more information, please visit www.activehealth.net.
About Initiate Systems
Initiate Systems, Inc. enables organizations to strategically leverage and share critical data assets. Its Master Data Management (MDM) software and experience as an information exchange leader provide organizations with complete, accurate and real-time views of data spread across multiple systems or databases, even outside the firewall. This allows companies to unlock the value of their data assets for competitive advantages or operational improvements. Initiate Systems operates globally through its subsidiaries, with corporate headquarters in Chicago and offices across the U.S., and Toronto, London and Sydney. For more information, visit www.initiatesystems.com.
ActiveHealth® and CareEngine® are registered marks of ActiveHealth Management, Inc.
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