AvMed Health Plan Purchases St. Augustine Health Care of Tampa.MIAMI--(BW HealthWire)--Oct. 5, 1998--AvMed Health Plan, Florida's fifth largest 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, , has acquired St. Augustine Augustine, volcano, Alaska Augustine, volcano, Alaska: see Augustine Island. Health Care of Tampa Tampa (tăm`pə), city (1990 pop. 280,015), seat of Hillsborough co., W Fla., a port of entry with an impressive harbor on Tampa Bay; inc. 1855. effective October October: see month. 1, 1998. The sale is expected to close on or about October 15, 1998 following final review by the Florida Department Florida is a department (departamento) of Uruguay. Population and Demographics As of the census of 2004, there were 68,181 people and 21,938 households in the department. The average household size was 3.1. For every 100 females, there were 100.4 males. of Insurance. "AvMed's acquisition of St. Augustine Health Care is significant for two reasons," said AvMed President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Edward Edward killed his father at his mother’s instigation. [Br. Balladry: Edward in Benét, 302] See : Patricide C. Peddie. "First, we will once again be offering services to Medicaid Medicaid, national health insurance program in the United States for low-income persons; established in 1965 with passage of the Social Security Amendments and now run by the Centers for Medicare and Medicaid Services. members, which supports our corporate mission and goals. Second, we have strengthened our company through growth." St. Augustine became licensed as a Medicaid HMO in June June: see month. , 1995 and began enrolling members in August of that year. In 1997, St. Augustine began offering HMO and point-of-service plans to employer groups employer group Association of employers Managed care An entity with a current group benefits agreement in effect with a health plan to provide covered health care services to its employee-subscribers and eligible dependents. . St. Augustine's current membership is approximately 23,000, all in the Tampa region. AvMed serves more than 375,000 members statewide in employer groups and Medicare Medicare, national health insurance program in the United States for persons aged 65 and over and the disabled. It was established in 1965 with passage of the Social Security Amendments and is now run by the Centers for Medicare and Medicaid Services. . Both AvMed and St. Augustine are committed to ensuring that the health care services that St. Augustine members receive, and physician and hospital relationships for St. Augustine members continue without disruption disruption /dis·rup·tion/ (dis-rup´shun) a morphologic defect resulting from the extrinsic breakdown of, or interference with, a developmental process. . Members can expect to continue seeing their existing providers. "AvMed and St. Augustine are a perfect fit," says St. Augustine CEO and founder Dennis Dennis is a male first name derived from the Greco-Roman name Dionysius meaning "servant of Dionysus", the Thracian god of wine, which is ultimately derived from the Greek Dios (Διος, "of Zeus") combined with Nysos or Nysa (Νυσα), where the Mihale, M.D. "AvMed has a corporate philosophy that's most like ours, focused on being member- and quality-driven." AvMed's acquisition of St. Augustine also includes the purchase of a 19 percent ownership stake held by Oxford Health Plans of Connecticut Connecticut, state, United States Connecticut (kənĕt`ĭkət), southernmost of the New England states of the NE United States. It is bordered by Massachusetts (N), Rhode Island (E), Long Island Sound (S), and New York (W). . "AvMed believes that HMOs will improve the health of people through the entire socio-economic range of our communities," said Peddie. "But you can only do good for the community if you do well as a business. So we intend grow, driving hard on three options for growth: internal expansion (sales), mergers and acquisitions, and strategic alliances." AvMed is one of only four health plans in the country with a double accreditation accreditation, n a process of formal recognition of a school or institution attesting to the required ability and performance in an area of education, training, or practice. for quality: full, three-year accreditation from the National Committee on Quality Assurance (NCQA NCQA National Committee on Quality Assurance, see there ), and the Joint Commission on Accreditation of Health Care Organizations (JCAHO JCAHO Joint Commission on Accreditation of Healthcare Organizations, see there ). AvMed Health Plan has been in business since 1969 and contracts with more than 8,000 private practice physicians and 127 hospitals throughout Florida. AvMed maintains regional offices in Miami, Ft. Lauderdale, West Palm Beach, Gainesville, Tampa, Orlando, Jacksonville, and Tallahassee. -0-
AvMed Fact Sheet
About AvMed Health Plan
-- Founded in 1969 to serve Florida's aviation industry, AvMed was
licensed as an HMO in 1973. It is Florida's oldest and largest
not-for-profit HMO.
-- AvMed serves more than 375,000 members in 33 Florida counties.
The service areas include the following cities: Miami, Orlando,
Jacksonville, Fort Lauderdale, Fort Myers, Gainesville, Sarasota,
Palm Beach and Tallahassee.
-- AvMed holds a full three-year accreditation from the National
Committee for Quality Assurance (NCQA) and leads Florida in NCQA
member satisfaction and quality of care measures. AvMed is also
one of only four health plans nationwide to be accredited by both
NCQA and the Joint Commission on Accreditation of Health Care
Organizations (JCAHO).
-- AvMed is an IPA model HMO contracting with individual physicians
who remain in private practice.
-- AvMed emphasizes community education, personal health improvement
and quality of life in its role of corporate citizen. AvMed
sponsors major golf, running and biking events throughout the
state to promote healthy living and to raise money for community
organizations and charities.
-- AvMed offers an Employer Group product with comprehensive
coverage and preventive services; a point-of-service (POS) plan
which allows members the option of seeing a participating
physician or going outside the network for an additional fee; and
a Medicare product which provides individuals already enrolled in
Medicare comprehensive coverage and low co-payments.
AvMed at a Glance
Membership Physicians
Region Group HMO Medicare Primary Care Specialists
--------------- --------------------- --------------------------
Miami 93,591 11,095 475 1,802
Fort Lauderdale 40,795 14,050 597(a) 1,556(a)
Palm Beach 15,144 8,821 see Ft. Lauderdale
Tampa 44,836 15,535 686 1,719
Orlando 15,881 3,076 326 789
Gainesville 45,576 14,770 207 533
Jacksonville 33,368 6,752 332 734
Total 289,191 74,099 2,623 7,133
(a) Palm Beach County physicians included in Ft. Lauderdale totals.
June 30, 1998
St. Augustine Health Care Fact Sheet
About St. Augustine Health Care
-- Established in 1994 by Tampa-area physicians committed to
creating a totally patient-driven healthcare company,
St. Augustine was licensed as a Medicaid HMO in 1995. In 1997,
St. Augustine launched HMO and point-of-service (POS) products to
serve the needs of employer groups.
-- St. Augustine serves approximately 23,000 members in 14 Florida
counties. The service areas include the Greater Tampa Bay,
Ft. Myers, and Ocala markets.
-- St. Augustine holds a three-year accreditation from the
Accreditation Association for Ambulatory Health Care (AAAHC),
demonstrating its commitment to a high-standard of excellence for
healthcare in Florida.
-- St. Augustine is focused on prevention, early intervention,
information and education, patient involvement, choice and access
for its members. St. Augustine's unique, yet simple approach
involves patients in important healthcare decisions and assists
them in leading healthier lives.
-- St. Augustine offers a Medicaid product in addition to an HMO and
POS product for employer groups. The POS product, the Freedom
Plan(R), allows members to receive medical care from any
physician or hospital, within or outside of St. Augustine's
network. The plan offers an array of options and copayments
allowing companies to "custom design" programs for their
employee's needs.
St. Augustine Health Care at a Glance
Membership Physicians(a)
Medicaid Employer Group Primary Care Specialists
Total 16,842 6,017 1,230 3,736
(a) All St. Augustine physicians are board-certified or recently
board-eligible.
August 1998
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