Aetna Signs Contract with Tenet South Florida Hospitals
PLANTATION, Fla., November 25, 2002 — Aetna announced today that it has reached an agreement with a unit of Tenet Healthcare Corporation (NYSE: ΑET) that enables Aetna members to continue receiving in-network benefits for care received at Tenet's South Florida hospitals.
The agreement also adds the Cleveland Clinic Hospital, a member of Tenet's South Florida system of hospitals, to the Aetna network. Aetna expects soon to sign an agreement with Cleveland Clinic's physician group.
Under the agreement, members of Aetna's managed care plans will continue to be able to access Tenet's 15 hospitals and five diagnostic centers in the South Florida area for all covered in-patient and outpatient services.
Those hospitals are: Cleveland Clinic Hospital, Coral Gables Hospital, Delray Medical Center, Florida Medical Center, Good Samaritan Medical Center, Hialeah Hospital, Hollywood Medical Center, North Ridge Medical Center, North Shore Medical Center, Palm Beach Gardens Medical Center, Palmetto General Hospital, Parkway Regional Medical Center, Pinecrest Rehabilitation Hospital, St. Mary's Medical Center and West Boca Medical Center.
"We're delighted to have reached an agreement with Tenet," said Kevin P. Enterlein, Aetna's vice president of network development for Florida and Georgia. "Tenet is a valued part of our South Florida network, and we're pleased that we'll have an opportunity to build on our relationship and continue providing our members with access to the high-quality health care services provided by these facilities."
In addition to providing care for Aetna members, Tenet is working with Aetna on a wide range of programs to help improve health care quality, and to give consumers access to the information they need to make well-informed health care decisions.
"We are pleased to have come to an agreement with Aetna so our hospitals can continue to serve the Aetna members who trust us for their care, and we are very happy to have added Cleveland Clinic Hospital to the network as well," said Don S. Steigman, senior vice president of Tenet's Florida region.
Aetna provides health benefits to more than 1 million people in Florida, including approximately 240,000 members in South Florida. The company's South Florida network includes 50 hospitals, approximately 1,400 primary care physicians and nearly 2,600 specialists.
Tenet South Florida HealthSystem was ranked among the nation's Top 100 Integrated Healthcare Networks in 2001 by SMG Marketing Group. Tenet South Florida HealthSystem was also ranked by HealthGrades, a national health care quality solutions company, as the top-rated hospital system for cardiac care in Florida and South Florida, and earned a five-star rating, ranking Tenet in the top 5 percent of hospitals nationwide for cardiac care. Tenet Florida can be found on the World Wide Web at www.tenetsouthflorida.com.
Tenet Healthcare Corporation, through its subsidiaries, owns and operates 113 acute care hospitals with 27,726 beds and numerous related health care services. Tenet and its subsidiaries employ approximately 114,300 people serving communities in 16 states. Tenet's name reflects its core business philosophy: the importance of shared values among partners - including employees, physicians, insurers and communities - in providing a full spectrum of health care. Tenet can be found on the World Wide Web at www.tenethealth.com.
Aetna is one of the nation's leading providers of health care and related group benefits, serving approximately 13.9 million medical members, 11.9 million dental members and 11.7 million group insurance customers, as of September 30, 2002. The company has expansive nationwide networks of more than 539,000 health care services providers, including over 327,000 primary care and specialist physicians and 3,300 hospitals. For more information about Aetna, please visit the company's website at www.aetna.com.
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