Aetna Inc. (ticker: AET, exchange: New York Stock Exchange (.N))
News Release -
Aetna Signs Three-Year Contract Extension with Grand View Hospital
PHILADELPHIA, Oct 08, 2010 (BUSINESS WIRE) --
Aetna (NYSE: AET) announced today that it has signed a three-year
contract extension with Grand View Hospital, assuring continued
in-network access for its members in the Philadelphia area.
Under this new agreement, which took effect Oct. 1, Aetna members will
be able to continue receiving covered services, at in-network rates,
from Grand View Hospital in Sellersville, as well as the Pennsburg,
Harleysville, and Sellersville Outpatient Centers, and the Upper Bucks
Health and Diagnostic Center in Quakertown. Under previously negotiated
agreements, Grand View Medical Company, High Point Cancer Center, and
Grand View Medical Practices also accept Aetna health insurance.
"Aetna has an extensive network of contracted hospitals and physician
groups in the five-county Philadelphia area. We've maintained a
positive, long-term relationship with Grand View Hospital, and we're
very pleased to extend that relationship by another three years," said
Robert Kleman, Aetna's vice president of network management for
"Grand View is pleased to continue serving Aetna members throughout
Upper Bucks and Northeastern Montgomery counties," said Stuart H. Fine,
chief executive officer. "It is our mission to make quality health care
available and accessible to our community."
Aetna provides health benefits to more than 1 million people in
Pennsylvania. In Southeast Pennsylvania, members have access to a
network that includes 67 contracted hospitals and more than 18,000
primary care physicians and specialists.
About Grand View Hospital
Grand View Hospital, Bucks County's first hospital, has provided
residents of Bucks and Montgomery counties with comprehensive health
care services since 1913. Grand View offers a range of inpatient and
outpatient care, particularly emphasizing the areas of surgery and
orthopedics, women's and children's health, cancer treatment, and heart
and vascular care.
Grand View Hospital received five stars in 2010 for total knee
replacement from HealthGrades(R), the nation's leading health care ratings
organization. Grand View is also the only hospital in Bucks and
Montgomery counties to receive a five-star rating in total joint
replacement in 2010.
Aetna is one of the nation's leading diversified health care benefits
companies, serving approximately 35.8 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, governmental units, government-sponsored plans, labor
groups and expatriates. For more information, see www.aetna.com.
To learn more about Aetna's innovative online tools, visit www.aetnatools.com.
Walt Cherniak, 410-401-9490