Aetna Signs Contract With Martin Memorial Facilities
PLANTATION, Fla., November 5, 2007 — Aetna (NYSE: ΑET) announced today it has reached agreement on a contract with Martin Memorial Medical Center and Martin Memorial Hospital South, expanding its HMO network in Martin County. Both facilities already participate in Aetna’s PPO network
Under the agreement, which took effect Nov. 1, members of Aetna’s HMO plans will be able to receive covered in-patient and out-patient services, at in-network rates, from Martin Memorial Medical Center and Martin Memorial Hospital South.
"Aetna is happy to announce this new contract," said Ruth Fricke, Aetna’s head of network operations for Florida. "We’ve enjoyed a strong relationship with the Martin Memorial facilities on the PPO side of our business. Now, as we look to grow our HMO presence in Martin County, we’re gratified Martin Memorial will be part of our network."
Aetna provides health benefits to approximately 330,000 members in South Florida. Those members have access to a contracted network of 54 hospitals, 2,000 primary care physicians and 4,100 specialists.
"We feel this new agreement will be extremely beneficial to residents of the Treasure Coast," said Mark Cocorullo, senior vice president and chief financial officer of Martin Memorial Health Systems. "The contract will allow us to continue providing the best possible care to members of our community who utilize Aetna."
Martin Memorial Health Systems is a not-for-profit, community-based health care organization. It offers a continuum of care including preventative, primary and acute hospital care, as well as cancer and cardiac care, wellness and rehabilitation services. Its approximately 3,000 associates and more than 400 affiliated physicians operate 12 different locations serving Martin and St. Lucie counties. To learn more, visit www.mmhs.com.
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 36.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional 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, government-sponsored plans and expatriates www.aetna.com
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