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Genesis and NeighborCare Sign Multi-Year Pact with CareFirst: Includes CapitalCare and BCBS of Delaware.

Business Editors/Health & Medical Writers


Genesis Health Ventures, Inc. today announced that it has signed a multi-year contract with CareFirst BlueCross BlueShield that extends its existing preferred provider agreement until 2005.

The new agreement covers members of CareFirst's affiliates serving Maryland and the National Capital Area, the company's CapitalCare HMO HMO health maintenance organization.

A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial,
 in the Washington, DC area as well as its Delaware affiliate, Blue Cross Blue Shield Blue Shield A US not-for-profit health care insurer that is a reimbursement intermediary for physicians. Cf Blue Cross.  of Delaware.

The skilled nursing agreement expands the preferred provider agreement to all CareFirst products and positions Genesis ElderCare as the skilled nursing network of choice for CareFirst members. Additionally, NeighborCare has extended its exclusive capitated homecare agreement for CareFirst FreeState HMO members through 2005.

NeighborCare currently manages homecare services for FreeState, including home health nursing, infusion therapy, home medical equipment and respiratory services. The new agreement adds NeighborCare as the preferred provider of home medical equipment, respiratory and infusion therapy services for CapitalCare.

"Genesis' and NeighborCare's extensive network offers payer's like CareFirst a `post acute solution' which enables ease of access for their members who require post hospital services," said Art Wieland, Genesis' senior vice president, network development. "The extension of these agreements demonstrate CareFirst's commitment to Genesis and its view of Genesis as the post acute provider of choice in the Mid-Atlantic region"

Genesis Health Ventures (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:ghvie.ob) provides eldercare in the Eastern US through a network of Genesis ElderCare skilled nursing and assisted living as·sist·ed living
A living arrangement in which people with special needs, especially older people with disabilities, reside in a facility that provides help with everyday tasks such as bathing, dressing, and taking medication.
 centers, plus long-term care long-term care (LTC),
n the provision of medical, social, and personal care services on a recurring or continuing basis to persons with chronic physical or mental disorders.
 support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services  nationwide, including pharmacy, medical equipment and supplies, rehabilitation, group purchasing, consulting and facility management.

CareFirst BlueCross BlueShield is a not-for-profit health care company which, along with its affiliates and subsidiaries, offers a comprehensive portfolio of health insurance products, direct health care and administrative service to nearly 3 million individuals and groups in Northern Virginia, the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). , Maryland and Delaware.
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Publication:Business Wire
Date:Mar 6, 2001
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