September 18, 2013 |
Aetna Inc. has withdrawn from the insurance exchange marketplace in New Jersey that was set up under the Affordable Care Act, leaving just three participating insurers for the exchange, which opens for enrollment Oct. 1. In a statement last week, the company said the decision was part of its "ongoing review of Aetna's overall company strategy, including the impact of the Coventry [Health Care Inc.] acquisition which closed in May, after the original exchange filings were submitted for both companies.
September 6, 2013
TOM SPANN, 54, of Plymouth Meeting, is CEO of Accolade, a Plymouth Meeting company whose professional health assistants help employees at large companies make informed decisions about health care. Spann, a former partner at management-consulting firm Accenture, co-founded Accolade in 2007. It has since grown to $32 million in annual revenues and almost 500 employees, including nurses, pharmacists and doctors. Q: What's the genesis of Accolade? A: I had some experience working with health-care startups at Accenture.
August 18, 2013 |
With new federal rules and mandates, you'd think that health insurers would be beating the loudest drum in the repeal-the-Affordable Care Act band. But they're not, and there are a couple of reasons why. The first is pretty obvious. Millions of uninsured people will be flooding the online exchanges when they open nationwide on Oct. 1, presenting companies with a tremendous opportunity to build their roles and revenues. But that may not be the only reason. Even insured workers may soon be allowed to pick plans over online marketplaces, upending the traditional model of employers knowing best.
July 18, 2013 |
Three major Philadelphia-area health systems announced a partnership Tuesday to jointly manage the health benefits and care for their tens of thousands of employees. Einstein Healthcare Network, Abington Health and Aria Health unveiled the development of a jointly-run company that will manage insurance and care for their combined 30,000 employees and family members. The three systems combined currently pay premium revenues of about $100 million annually, though how much each system will invest into the partnership has yet to be determined.
March 10, 2013 |
Daniel F. McGill Sr., 81, of Rhawnhurst, a retired insurance marketing executive with a sense of humor, died Monday, March 4, of cancer at a relative's home in Horsham Township. For 40 years, Mr. McGill worked for Aetna Inc. in Center City. He led the marketing of the firm's products to independent insurance brokerages in the Philadelphia area and South Jersey. Born in Rhawnhurst, he lived there for most of his life before moving in with a daughter last October when his health failed.
February 18, 2013 |
When patients insured by Independence Blue Cross are discharged from the hospital, discharge reports are added to medical records at their primary doctors' offices less than 50 percent of the time. It's a common example of the gaps in information-sharing among hospitals, doctors, and others in the health-care system. "A physician caring for a patient is sometimes not aware of all of the care that's been provided, not aware of all the medications the patient is taking, or aware of the lab tests that have been done, or of the results of those tests," said Richard Snyder, chief medical officer at Independence Blue Cross.
October 9, 2012
IN THE REGION Safeguard raises 2012 guidance Wayne-based holding company Safeguard Scientifics Inc. raised 2012 revenue guidance, saying aggregate revenue for its partner companies will be in the range of $185 million to $190 million. That compared with initial 2012 guidance of $160 million to $165 million. "Steady growth and expansion at our partner companies, despite the fragile state of the macro-economy, continues to validate Safeguard's strategic focus," Peter J. Boni, president and chief executive, said in a statement.
September 26, 2012 |
For the third time in 15 years, Claudia B. Timbo has started a new call center up in Blue Bell. This time, she's calling it CompanyVoice , and leasing a floor of a vacant Aetna Inc. building on Harvest Drive - enough space for 125 people - with options to take the three other floors as business grows. Timbo says her new clients include law firm Linebarger Goggan Blair & Sampson L.L.P. , which handles homeowner tax claims for the City of Philadelphia , Continental Bank , and trucking companies seeking sales leads.
August 22, 2012 |
Aetna Inc., a major health insurer in the Philadelphia region, has agreed to pay $5.7 billion to buy competitor Coventry Healthcare Inc. in a bid to expand its Medicaid business and other operations before major provisions of the Affordable Care Act take effect, the companies said Monday. In 2014, many states are expected to expand Medicaid to cover a significant portion of the currently uninsured, increasing business opportunities for companies that run those programs for states.