Coventry Health Care to Acquire Additional Membership in Central Pennsylvania.Business Editors/Health & Medical Writers BETHESDA, Md.--(BUSINESS WIRE)--Sept. 14, 2000 Coventry Health Care Coventry Health Care, Inc. (Coventry) (NYSE: CVH) is a managed health care company in the United States. On February 8th of 2007 Coventry agreed to acquire Concentra's Workers Compensation Managed Care Services Businesses. External links
HealthCentral, a provider-sponsored health plan operating in central Pennsylvania, has announced its intention to wind down its operations. HealthCentral has approximately 40,000 fully insured commercial members, the majority of whom are in employer groups which will receive new business quotes from HealthAmerica. Terms of the marketing agreement were not disclosed. "HealthAmerica is our largest and strongest franchise, and we believe that this is a good opportunity to build on our already strong presence in the central Pennsylvania market," said Allen F. Wise, Coventry's President and Chief Executive Officer. "This agreement gives us the competitive edge in signing-up HealthCentral's employer groups with HealthAmerica. All quotes will be based on our disciplined underwriting process and existing product designs." "The owners of HealthCentral recognize that, as hospitals, what they do best is provide high quality healthcare services to the community," says Robert J. Dondes, president and chief executive officer of HealthCentral. "That is why they have decided to exit the managed care business and transition member coverage to other managed care plans. HealthCentral has selected HealthAmerica as the preferred successor carrier due to its outstanding reputation for providing quality benefits and services. Customers will also continue to have the advantage of to have a personal knowledge of one who does not have a reciprocal knowledge. - Clarendon. See also: Advantage local service and support." HealthCentral is a not-for-profit health plan owned by Ephrata Community Hospital, Lancaster Health Alliance, PinnacleHealth System PinnacleHealth System is a community-based, physician-led health care system serving the greater Harrisburg, Pennsylvania metropolitan area. PinnacleHealth operates five primary care facilities as well as a network of family practice and urgent care centers, managed care entities, , Summit Health, The Reading Hospital and Medical Center and WellSpan Health WellSpan Health is a large integrated health care system located in southcentral Pennsylvania. Headquartered in York, PA, Wellspan Health includes York Hospital, Gettysburg Hospital, the WellSpan Medical Group, VNA Homehealth Care, South Central Preferred, and several other health (formerly York Health System). The health plan covers an eleven-county service area through 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, , POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale and PPO PPO abbr. preferred provider organization PPO Managed care Preferred provider organization, see there Infectious disease Pleuropneumonia-like organism, see there group health insurance and self-insured plans. Coventry HealthCare is a managed health care company operating health plans under the names Coventry Health Care, HealthAmerica, HealthAssurance, Health Care USA, Group Health Plan, Southern Health, SouthCare and Carelink Health Plans. The Company provides a full range of managed care products and services including HMO, PPO, POS Medicare Risk and Medicaid to 1.5 million members in a broad cross section of employer and government-funded groups in 13 markets throughout the Midwest, Mid-Atlantic and Southeast United States. More information on Coventry is available on the Internet at http://www.cvty.com. |
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