HealthAmerica(R) and HealthAssurance(R) Sign Contract with Temple University Health System; Four TUHS Hospitals Join Insurers' Network.PHILADELPHIA & HARRISBURG, Pa. -- Temple University Health System (TUHS) and HealthAmerica and HealthAssurance announced today the signing of a new agreement making four TUHS hospitals a part of the insurers' network. The hospitals are: --Temple University Hospital, --Temple University Children's Medical Center, --Northeastern Hospital, and --Jeanes Hospital. The agreement enhances the provider network of HealthAmerica, HealthAssurance, and affiliated companies Affiliated Companies A situation that occurs when one company owns a minority interest (less than 50%) in another company. Also refers to companies that are related to each other in some way. Notes: An affiliated company is sometimes referred to as a subsidiary. in southeastern Pennsylvania and offers their members access to some of the most-trusted hospitals in the area. "We are pleased that Temple University Health System supports HealthAmerica's growth in the Philadelphia area," said Robert L. Dawson, president and chief executive officer of HealthAmerica and HealthAssurance. "Our agreement with them helps ensure that our members in southeastern Pennsylvania can receive the best health care possible." "This agreement makes our unique array of health care services available to more people in our community," said Joseph W. "Chip" Marshall, chairman and chief executive officer of Temple University Health System. "HealthAmerica members can now enjoy the same quality of care and services that have made us the premier health system in the region." HealthAmerica received approval to expand its service area in the Lehigh Valley and in southeastern Pennsylvania in 2003. It has been expanding its network of health care providers in the region serving HealthAmerica, HealthAssurance, and affiliated companies since that time. About Temple University Health System Created in 1996 to manage Temple University's growing array of health care services, the Temple University Health System has expanded from a single academic medical center in North Philadelphia into a healthy, five-hospital health system striving toward two simple goals - to be the premier health system and the employer of choice in the Philadelphia region. TUHS consists of Temple University Hospital, Temple University Children's Medical Center, Jeanes Hospital, Northeastern Hospital, Temple University Hospital-Episcopal Campus, Temple Transport Team and Temple Physicians, Inc. - a network of community-based physician practices. The Health System maintains a vigorous and dynamic platform for teaching and education, while enhancing the health of the communities it serves. The non-profit network of hospitals and physicians provides a comprehensive array of inpatient and outpatient services outpatient services Hospital-based services Managed care Medical and other services provided, to a nonadmitted Pt, by a hospital or other qualified facility–eg, mental health clinic, rural health clinic, mobile X-ray unit, free-standing dialysis unit Examples and provides an environment for the highest quality patient care, teaching, and training. Temple University Hospital is the chief clinical training site for the Temple University School of Medicine The Temple University School of Medicine (TUSM), located on the Health Science Campus of Temple University in Philadelphia, PA, is one of 6 schools of medicine in Pennsylvania conferring the doctor of medicine (M.D.) degree. . About HealthAmerica and HealthAssurance HealthAmerica Pennsylvania, Inc., has a 30-year record of providing health care benefits. HealthAmerica, HealthAssurance Pennsylvania, Inc., and affiliate companies cover over 720,000 members in Pennsylvania and Ohio through 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 , 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, , Medicaid, and Medicare Advantage plans. In addition, HealthAmerica offers a product for individuals and families who are not eligible for employer-sponsored health care benefits, Medicare, or Medicaid, called HealthAmericaOne. HealthAmerica earned an "Excellent" Accreditation for its HMO plan and HealthAssurance earned an "Excellent" Accreditation for the HealthAssurance POS by the National Committee for Quality Assurance National Committee for Quality Assurance Medical practice A private, not-for-profit organization which has become the leading accreditor of managed care plans; in site visits, NCQA reviewers evaluate a managed care plan in terms of quality management, physicians' , an independent, non-profit organization dedicated to measuring the quality of America's health care. With corporate offices in Pittsburgh and Harrisburg, Pennsylvania, HealthAmerica and HealthAssurance provide managed health care products and services to over 12,000 employers in Pennsylvania and Ohio. HealthAmerica and its affiliates employ over 1,500 people in Pennsylvania. For more information, visit HealthAmerica's website at www.healthamerica.cvty.com. HealthAmerica and HealthAssurance are subsidiaries of 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
This press release may contain forward-looking statements, made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995, relating to future events or future financial performance. Actual performance may be significantly impacted by certain risks and uncertainties, including those described in Coventry Health Care, Inc.'s Annual Report on Form 10-K for the year ended December 31, 2004, as filed with the SEC. |
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