As anextension to the deal signed between
Aetna
(
AET
) and Banner Health Network for Accountable Care Collaboration in
November last year, the companies will now offer health management
and other patient oriented services to over 200,000 patients.
Aetna will promote improved care quality, coordination and
convenience for the doctors and their patients covered by Banner
Health on implementing its "technology stack" and various other
care management services.
Per the agreement, the companies will provide support to 50,000
patients of Medicare fee-for-service who come under the purview of
the Pioneer ACO shared savings program. The members who are a part
of the Aetna's ACO relationship with Banner Health Network are also
eligible for similar benefits.
Aetnaand its subsidiaries will provide certain services to its
target audience following the recent extension of the agreement
with Banner Health. The company expects to facilitate easy
communication across the entire healthcare platform in a secured
way through Medicity. The company also intends to deploy Active
Care Team from Active Health Management to enable physicians to
access CareEngine-powered support tool to better manage patient
health.
iTriage, an application available in various mobile's
application store enables patients to register online for
appointments and other pre-registration related services. It is one
of the most widely used health and fitness application across all
the smartphones.
These offerings are believed to be the biggest on Aetna's part
in the field of technology. Combined with Banner Health, it will
set a new level of clinical integration and expediency for the
patients.
We believe that Aetna intends to extend its core health business
by capitalizing on new consumer and emerging opportunities in the
marketplace. The company is well placed financially, which is also
reflected in its balance sheet. Further, good performance of the
Medicaid and Medicare segments are expected to contribute to its
success.
Aetnacurrently retains a Zacks #3 Rank, which translates into a
short-term Hold rating. Some of its peers within our coverage, who
also retain a Zacks #3 Rank and a long-term Neutral recommendation
are
CIGNA Corp.
(
CI
),
WellPoint Inc.
(
WLP
),
Humana Inc.
(
HUM
) and
CVS Caremark Corp.
(
CVS
).
AETNA INC-NEW (AET): Free Stock Analysis Report
CIGNA CORP (CI): Free Stock Analysis Report
CVS CAREMARK CP (CVS): Free Stock Analysis
Report
HUMANA INC NEW (HUM): Free Stock Analysis
Report
WELLPOINT INC (WLP): Free Stock Analysis Report
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