April 26, 2010 — Aetna Better HealthSM in Pennsylvania and The Children’s Hospital of Philadelphia announced April 26 that they have reached agreement on a new contract that adds the hospital to the Medicaid provider’s network in Pennsylvania. The new contract is effective immediately.
Aetna Better Health, Aetna’s (NYSE: AET) Medicaid business, was awarded a contract by the Commonwealth of Pennsylvania and began offering a managed care Medicaid program in the Commonwealth on April 1.
“We are pleased to announce this agreement, which enables Children's Hospital to continue its mission of providing the highest-quality health care to children in our region,” said Madeline Bell, chief operating officer at The Children’s Hospital of Philadelphia. “As a participating provider, we are excited to work with Aetna Better Health and offer families access to The Children’s Hospital of Philadelphia and the CHOP Care Network.”
“We strive to provide our members with access to high-quality hospitals and physicians,” said Deborah Nichols, chief executive officer of Aetna Better Health in Pennsylvania. “Children’s Hospital is the nation’s leading pediatric hospital and has a well-deserved reputation for its dedication to the children it serves, exceptional clinical care and cutting-edge pediatric research.”
Aetna has a long-time presence in the Pennsylvania market. Aetna provides and administers health benefits for more than one million commercial members in the state. The company has offered a Children’s Health Insurance Program (CHIP) for 28,000 low-income Pennsylvania children since 1993, four years before the federal government established its CHIP program.
Aetna Better Health will open a new office next month at 2000 Market St., Philadelphia.
Aetna is one of the nation’s leading diversified healthcare benefits companies, serving approximately 36.1 million people with information and resources to help them make better informed decisions about their healthcare.
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 healthcare 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.
About Aetna Better Health
Aetna Better Health is the name used for Aetna Medicaid plans in Connecticut, Pennsylvania and Texas. Aetna currently owns and/or administers Medicaid managed healthcare plans for approximately 1.1 million members in nine states.
In addition, Aetna Medicaid provides comprehensive care management services for more than 277,000 aged and disabled health plan members in eight states, and another 16,000 low income, dually eligible (Medicare and Medicaid) individuals through Medicare Advantage Special Needs Plans (SNPs) in two states. For further information, go to www.aetnabetterhealth.com.