MedSouth Joins Averde's Network in Denver, CO
MedSouth, a large Independent Practice Association (IPA) in Metro Denver is the latest physician group to join Averde Health's fight against rising healthcare costs.
Denver, CO and West Hartford, CT (PRWEB) March 10, 2010
Averde Health, an innovative healthplan expanding rapidly in Colorado and Texas, announced that MedSouth has joined their guaranteed payment PPO network. MedSouth, a clinically integrated, independent practice association located in the south metropolitan area of Denver is comprised of 164 providers representing both primary and specialty care.
Averde focuses on offering high deductible medical plans to individuals and groups, making them very affordable by driving inefficiencies out of the system. Averde pays doctors and hospitals 100% of their contracted rate up front - including the patient portion - and then collects from patients so doctors don't have to. Many providers have given Averde very competitive rates in exchange for removing them from the collections process.
"We are excited to have MedSouth join our network," said Averde's CEO, Tom Policelli. "MedSouth shares our vision of offering high quality, cost-effective healthcare to our members". Ellen Burkett, MD, Medical Director for MedSouth agreed. "We look forward to joining the Averde Health network and addressing the rising problem we are seeing among our patients of growing bad debt and collections costs".
Averde's rapid expansion in Denver and Texas is spilling over to many other markets across the country. Averde is on pace to be in 20 markets in the next 18 months. "Physician recruiting is in full swing", said Policelli. "Our value proposition has been really resonating with doctors and hospitals and our networks are delivering terrific value to our customers. We are also pleased to see that employers are finding our product to be very compelling."
About MedSouth - MedSouth is a multi-specialty independent practice association located in the south metropolitan area of Denver, Colorado that provides quality and cost-effective care for its patients. In 2003 MedSouth was one of the first IPAs in the country to receive a green light from the Federal Trade Commission to move forward with contracting under a clinically integrated IPA structure. Their group of 164 clinically integrated providers represents both primary care and specialty care physicians.
About Averde Health - Averde Health was founded by visionary health insurance executives who recognized the need for a better health care model that puts them in partnership with doctors and hospitals, while allowing patients a simple way to manage their health care expenses. By solving problems for health care providers, Averde drives administrative costs out of the system, and helps hold down costs for employers and consumers.
For more information, on Averde Health, please visit www. averdehealth. com.
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