Blue Cross of California Accepts Sutter Health Contract Offer for Three Hospitals.Business Editors THOUSAND OAKS, Calif.--(BUSINESS WIRE)--Jan. 12, 2001 Blue Cross of California, an operating subsidiary of WellPoint Health Networks Inc. (NYSE NYSE See: New York Stock Exchange :WLP), has announced that it has agreed with Sutter Health to extend December 31, 2000 contract terms with Sutter Coast Hospital, Sutter Amador Hospital and Sutter Lakeside Hospital. This action makes these three facilities participating hospitals for all Blue Cross products. The agreement is retroactive to January 1, 2001. Blue Cross of California, with 5.4 million medical members in the state, is the California operating subsidiary of WellPoint Health Networks Inc., one of the nation's largest publicly traded health care companies. WellPoint serves the health care needs of more than 7.7 million medical and more than 38 million specialty members nationally. WellPoint offers a broad spectrum of quality network-based health products including open access PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there , POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale and hybrid products, 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, and specialty products. Specialty products include pharmacy benefit management A Pharmacy Benefit Manager (PBM) is a third party administrator of prescription drug programs. They are primarily responsible for processing and paying prescription drug claims. , dental, utilization management, vision, mental health, life and disability insurance, long term care insurance, flexible spending accounts, COBRA administration, and Medicare supplements. |
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