In an effort to provide enhanced service to customers in San
) has announced the expansion of its Accountable Care Solution
with Sharp HealthCare system. The expansion marks the inclusion
of Sharp Rees-Stealy clinics and physicians and the Sharp
hospitals and ancillary facilities.
Aetna already had accountable care collaboration with Sharp
Community Medical Group since Dec 2011.
With the expanded service the members will be able to receive
more coordinated, personalized and accurate services. This will
consequently lead to more synchronized, personalized experience
for patients; lower co-pays and improve health care outcomes.
Aetna has also reached a new payment agreement with Sharp
HealthCare system. As per the new agreement, the physicians will
receive reimbursement on the basis of quality of care provided by
them. This will be reflected by reduction in emergency room
admissions, readmissions, and improved management of chronic
ACOs or collaborative accountable care is one of the several
ways by which President Obama wants to improve the quality of
health of all Americans. It is viewed as a tool that would
deliver seamless, high quality care for the overall
Other health insurers like
UnitedHealth Group Inc.
) are also aggressively forming ACOs.
Aetna also announced the introduction of a product called
Aetna Whole Health. It is a commercial health care product
which will provide customers with efficient care from a wide
network of physicians and facilities from Sharp HealthCare.
Aetna Whole Health is meant for residents of San Diego County.
These members should be self-insured and fully insured employers
having more than 100 employees. The product will be available
from Feb 1, 2014.
This initiative by Aetna is in sync with its long term
strategy to develop ACOs. Aetna is looking to generate
incremental revenues from ACOs. The company is targeting ACO
enrollment of 375K lives in by the end of 2013. If the company
reaches its target ACOs could be generating $1.5 billion in
revenue in 2013.
Aetna currently retains a Zacks Rank #2 (Buy). Another health
care provider under our coverage,
WellCare Health Plans Inc.
), is also similarly placed with a Zacks Rank #2.
AETNA INC-NEW (AET): Free Stock Analysis
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