Aetna, Einstein Healthcare Network Sign Contract

Nov 11 2011
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Dateline City:
BLUE BELL, Pa.

BLUE BELL, Pa.–(BUSINESS WIRE)–Aetna (NYSE: AET) and Einstein Healthcare Network announced that they have reached agreement on a four-year contract renewal, maintaining network access for Aetna members in Southeastern Pennsylvania.

With this agreement, members of Aetna commercial and Medicare plans can receive covered benefits, at in-network rates, from Einstein Medical Center Philadelphia; Einstein Medical Center Elkins Park; Montgomery Hospital and Medical Center; and MossRehab.

The contract also includes 500 physicians employed by the Einstein Healthcare Network and the Fomance Physician Group.

“Aetna is very pleased to extend its long-term relationship with Einstein Healthcare Network,” said Robert Kleman, Aetna’s vice president of network operations for Southeastern Pennsylvania. “We were able to come to terms on a new agreement that is fair to both sides, preserving access for our members without disruption.”

Aetna provides health benefits to more than 1 million members in Pennsylvania. In Southeastern Pennsylvania, members have access to a network that includes 89 hospitals and more than 15,000 primary care and specialist physicians.

About Einstein Healthcare Network

Einstein Healthcare Network is a 1,267-bed integrated delivery network with more than 8,500 employees serving the communities of Philadelphia and Montgomery County, Pa. The network’s primary location, Einstein Medical Center Philadelphia, is one of the largest independent academic medical centers in the Delaware Valley, providing training and education for more than 400 residents and fellows each year. The network also provides a comprehensive range of health care services through Einstein Medical Center Elkins Park, MossRehab, Montgomery Hospital Medical Center, Belmont Behavioral Health, Willowcrest (a center for sub-acute care), outpatient facilities such as Einstein at Germantown and Einstein Center One, and a network of more than 500 primary care physicians and specialists employed through Einstein Physicians and Fornance Physician ServicesInc. Construction is underway for Einstein Medical Center Montgomery, a fourth full-service, acute care campus located in East Norriton, Pa., scheduled to open in September 2012. For more information, visit www.einstein.edu or call 1-800-EINSTEIN.

About Aetna

Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 36.3 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.

Language:
English

Contact:

Aetna
Walt Cherniak, 410-401-9490
cherniakjrw@aetna.com

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Ticker:
AET

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NYSE