To bolster its provider network, Kentucky based health insurer
) recently renewed its Florida Medicare and commercial network
contract with Hospital Corporation of America (HCA), one of the
leading providers of healthcare services in Nashville. The two
entities had previously signed the Florida network contract in
Mar 2011 that was scheduled to expire in Aug this year. The
contract is renewed for another two year term.
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As per the previous two-year Florida Medicare and commercial
network contract, individuals enrolled in Humana's Florida health
plan could access inpatient and outpatient hospital services from
HCA. Now, with the contract renewal, Humana Medicare and
commercial members as well as Care Plus Health Plans Medicare
members will continue to receive these services at HCA's
affiliated hospitals and medical facilities. Care Plus is the
Miami based Medicare Advantage Heath Maintenance Organization
(HMO) of Humana. Humana's statewide health care network and Care
Plus provider networks have been associated with HCA's affiliated
Florida hospitals for the past eighteen and eight years
According to the new statewide network agreement, these services
will be provided to more than one-million Humana members at
around 40 HCA affiliated hospitals in regions like South Florida,
Tampa Bay, Central Florida, Jacksonville and Northwest Florida.
Thus as soon as an individual enrolls in Humana's medical and
health benefit plans, they will automatically be able to avail
services from HCA's network of hospitals and medical facilities
statewide. Thus the contract enables Humana to present its
existing and prospective health plan clients with added benefits
and expand the company's Florida network.
Humana currently carries a Zacks Rank #3 (Hold). Among other
WellCare Health Plans Inc.
) each carry a favorable Zacks Rank #2 (Buy).