Aetna Signs Contract with Martin Memorial Facilities.PLANTATION, Fla. -- Aetna (NYSE NYSE See: New York Stock Exchange : AET AET Aetna, Inc. AET After Extra Time AET Actual Evapotranspiration AET Alliance for Environmental Technology AET Alpha-Ethyltryptamine AET Applied Extrusion Technologies, Inc. ) announced today it has reached agreement on a contract with Martin Memorial Medical Center and Martin Memorial Hospital South, expanding its HMO network HMO network Managed care An HMO that contracts with local hospitals to provide in-patient medical services, and with 2 or more independent groups of physicians to provide health services; the group is paid a set amount per HMO enrollee per month; in some, staff in Martin County. Both facilities already participate in Aetna's PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there network Under the agreement, which took effect Nov. 1, members of Aetna's HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, plans will be able to receive covered in-patient and out-patient services, at in-network rates, from Martin Memorial Medical Center and Martin Memorial Hospital South. "Aetna is happy to announce this new contract," said Ruth Fricke, Aetna's head of network operations for Florida. "We've enjoyed a strong relationship with the Martin Memorial facilities on the PPO side of our business. Now, as we look to grow our HMO presence in Martin County, we're gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. Martin Memorial will be part of our network." Aetna provides health benefits to approximately 330,000 members in South Florida. Those members have access to a contracted network of 54 hospitals, 2,000 primary care physicians and 4,100 specialists. "We feel this new agreement will be extremely beneficial to residents of the Treasure Coast The Treasure Coast is a term for a region in the U.S. state of Florida stretching from Hobe Sound in the south through Sebastian in the north, including the coastal counties of Indian River, St. Lucie, and Martin. ," said Mark Cocorullo, senior vice president and chief financial officer of Martin Memorial Health Systems. "The contract will allow us to continue providing the best possible care to members of our community who utilize Aetna." Martin Memorial Health Systems is a not-for-profit, community-based health care organization. I t offers a continuum of care including preventative, primary and acute hospital care, as well as cancer and cardiac care, wellness and rehabilitation services. Its approximately 3,000 associates and more than 400 affiliated physicians operate 12 different locations serving Martin and St. Lucie St. Lucie may refer to:
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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