CorSolutions and Humana Renew Agreement for Cardiac Disease Management Services.Business Editors, Health & Medical Writers BUFFALO GROVE Buffalo Grove A village of northeast Illinois, a suburb of Chicago. Population: 43,300. , Ill.--(BUSINESS WIRE)--Dec. 19, 2002 CorSolutions Medical, Inc., the nation's leading provider of health intelligence and solutions, and Humana Inc. (NYSE NYSE See: New York Stock Exchange :HUM) announced today that they have renewed their contract using a fee-for-service fee-for-ser·vice adj. Charging a fee for each service performed. arrangement. This follows an industry trend to move away from risk-based, proof-of-concept contracts. Together with Humana, CorSolutions(R) continues to display its commitment to reduce risk associated with chronic disease and to coordinate the appropriate level of care for Humana members. "Humana has been a key CorSolutions' customer for many years, starting with a contract in 1996 for the first national disease management program in the industry. This new contract is a testament to the consistent results and value of our partnership," said Richard Vance, president and chief executive officer of CorSolutions. "Working together, we continue to enable Humana members to manage their cardiovascular disease Cardiovascular disease Disease that affects the heart and blood vessels. Mentioned in: Lipoproteins Test cardiovascular disease so that complications can be avoided and quality of life can be improved." CorSolutions' programs offer personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. coordination of healthcare to members in need. "For more than six years CorSolutions has coordinated resources and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services for Humana members with heart failure and coronary artery disease coronary artery disease, condition that results when the coronary arteries are narrowed or occluded, most commonly by atherosclerotic deposits of fibrous and fatty tissue. ," said Jonathan T. Lord, senior vice president and chief strategy and innovation officer for Humana. "CorSolutions' consistent efforts on behalf of our members have helped them become more engaged and informed about their illness as well as better equipped to manage it." "CorSolutions has shown that they know which resources and support are needed to facilitate care for our heart failure and coronary artery disease members," said Mike McCallister, president and chief executive officer of Humana. "The collaboration between Humana and CorSolutions is a model for the industry. The new fee-for-service agreement is evidence of our belief that the program will continue to deliver positive results." About Humana Humana Inc., headquartered in Louisville, Ky., is one of the nation's largest publicly traded health benefits companies, with approximately 6.6 million medical members located primarily in 18 states and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. . Humana offers coordinated health insurance coverage and related services - through traditional and Internet-based 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. , government-sponsored plans and individuals. More information regarding Humana is available via the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the at www.humana.com, including online: -- Copies of annual report to stockholders; -- Securities and Exchange Commission filings including the company's Form 10-K, Form 10-Qs, proxy statements, Form 4s, Form 8-Ks and Form S-3s; -- Copy of the most recent investor presentation; -- Copies of quarterly earnings press releases; -- Audio archive of the most recent earnings release conference call; -- Calendar of events (includes upcoming earnings conference call dates, related conference call access number and planned participation in investor conferences). About CorSolutions Founded in 1994, CorSolutions Medical, Inc. is the nation's leading customer-centric health intelligence and solutions company. The company provides a full complement of disease management programs from prevention and wellness to long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. chronic care for more than 30 common chronic conditions. With more than 300,000 program participants to date, CorSolutions' intelligence-based approach integrates data analysis, risk assessment and advanced predictive modeling. CorSolutions provides its customers with a complete understanding of current and potential healthcare expenditures offering customized solutions that help to manage the risk of those expenditures. Using the exclusive MULTIFIT(SM) approach of physician-directed, nurse-mediated, patient-empowered care, CorSolutions consistently delivers healthcare solutions that result in measurable clinical improvements and significant cost-savings for its customers. For more information, visit the company's corporate Web site at www.corsolutions.com |
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