Blue Cross and Blue Shield's Companion acquires three companies.COLUMBIA, S.C.--(BUSINESS WIRE)--July 16, 1996--Blue Cross and Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross. of South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15. announced today a new joint venture with the Carolina HealthChoice Network, a group of hospitals, physicians and other medical professionals across central South Carolina, which will expand consumer healthcare choice. Blue Cross has sold 49% of its stock in its subsidiary, 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, Blue, to the Network. The value of the transaction was not disclosed. "This is the first partnership of its kind in South Carolina," said Ed Sellers Ed Sellers (1983-) is a British businessman and entrepreneur most notable for creating the Good To Go Tour, a British multi-artist package tour that features a mix of established acts from the American Punk/Rock/Ska/Pop genre and rising UK bands. , Blue Cross president and chief executive officer. The delivery and financing of healthcare is changing rapidly all over the nation and South Carolina is no exception. Innovative arrangements, like this one, stress commitment, partnership, accountability and quality," he said. Tom Faulds, Blue Cross executive vice president and president of HMO Blue said, "The Midlands medical community and Blue Cross and Blue Shield have joined hands in a spirit of mutual cooperation to better serve the citizens of South Carolina. We have had a close relationship with the Network since it was formed in 1994 and we are pleased to enter this venture together. We can ensure that our communities are provided with the highest quality, widest choice and most cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. care available." HMO Blue, a Blue Cross subsidiary, was formed in 1994 and now has about 10,000 members statewide. "We created HMO Blue to give people more choices in coverage and more choice of physician," Faulds said. Currently, there are over 3,600 doctors and 50 hospitals participating in HMO Blue across South Carolina. Kester Freeman Freeman can mean:
Members of the Carolina HealthChoice Network are Clarendon CLARENDON. The constitutions of Clarendon were certain statutes made in the reign of Henry H., of England, in a parliament holden at Clarendon, by which the king checked the power of the pope and his clergy. 4 Bl. Com. 415. Memorial Hospital, Fairfield Memorial Hospital, Kershaw County Medical Center, Lexington Medical Center, Newberry County Memorial Hospital, the Regional Medical Center of Orangeburg and Calhoun counties Calhoun County is the name of several counties in the United States of America, mostly named after Senator John C. Calhoun:
CONTACT: Blue Cross and Blue Shield of South Carolina, Columbia Donna Thorne, 803/788-0222, ext. 42437 |
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