Aetna Inc. (AET) Financial News - Aetna and SUNY Downstate Medical Center Reach New Contract Agreement

Aetna Inc. (AET)

Aetna and SUNY Downstate Medical Center Reach New Contract Agreement

Keywords: Aetna and SUNY Downstate Medical Center Reach New Contract Agreement, aet
Quote: AET)and the State University of New York (SUNY) Downstate Medical Centerannounced a new agreement for SUNY Downstate’s resumed participation inthe Aetna network, and the continuing participation of UniversityHospital of Brooklyn’s recently acquired Long Island College Hospitalcampus.Under the agreement, SUNY Downstate’s University Hospital of Brooklynwill participate for all Aetna commercial and Medicare products,including student health plans. The new agreement also will enable themore than 700 SUNY Downstate hospital-based and affiliatedphysicians currently participating with Aetna to continue theirparticipation uninterrupted. Groups included in the contract are: UniversityHospital of Brooklyn; University Physicians of Brooklyn, P.C.; andBrooklyn Anesthesia Research.“We are extremely pleased to have reached a three-year agreement withSUNY Downstate,” said David Kobus, Aetna senior vice president – NewYork Network. “Having this key facility in our network expands access toquality care at convenient locations for our members who live and workin Brooklyn.”“We are delighted to have a new agreement that will allow Aetna membersto continue to have full access to the services provided by SUNYDownstate and its excellent physicians,” said Grace Wong, vice presidentfor managed care and clinical business at SUNY Downstate.SUNY Downstate Medical Center is the only academic medical center inBrooklyn and one of the borough’s largest employers. A center ofinnovation and excellence in research and clinical service delivery,SUNY Downstate comprises University Hospital of Brooklyn; Colleges ofMedicine, Nursing, and Health Related Professions; Schools of GraduateStudies and Public Health; and an Advanced Biotechnology Park andBiotechnology Incubator. Long Island College Hospital became part ofDownstate’s University Hospital of Brooklyn on May 29, 2011.About SUNY Downs...
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Aetna Inc. Stock Summary

Aetna, Inc. operates as a diversified health care benefits company primarily in the United States and Canada. The company provides health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life, and disability plans, as well as medical management capabilities and health care management services for Medicaid plans. It operates in three segments: Health Care, Group Insurance, and Large Case Pensions. The Health Care segment provides medical, pharmacy benefits management, dental, and vision plans offered on both an insured basis and an employer-funded basis. Its medical products include point of service, preferred provider organization, health...