RICHMOND, Va.--(BUSINESS WIRE)-- Aetna (NYSE: AET) announced today that it has reached agreement on a seven-year contract extension with Virginia Commonwealth University (VCU) Health System and its affiliated Medical College of Virginia (MCV) Physicians. The new contract took effect Oct. 15.
Under the agreement, the VCU Health System will continue to provide covered benefits, at in-network rates, to Aetna members in the Richmond, Va., area. The contract also covers MCV Physicians, the health system’s 600-physician faculty group practice.
“Aetna has enjoyed a positive, long-term relationship with the VCU Health System and its affiliated physicians,” said Amy Turner, vice president of network operations for Aetna’s Virginia market. “We’re extremely pleased to extend that relationship by an additional seven years, providing our members with continued access to VCU Health System facilities and doctors.”
“We greatly value our relationship with Aetna, and we are very pleased to have a new agreement that extends our collaboration and gives Aetna customers continued access to our academic medical center,” said Dr. Sheldon Retchin, CEO, VCU Health System.
Aetna provides health benefits to nearly 500,000 people in Virginia. Its Virginia members have access to a network that includes 89 contracted hospitals and 15,486 primary care physicians and specialists.
About the VCU Health System
The Virginia Commonwealth University Health System is one of the leading academic medical centers in the country and stands alone as the only academic medical center in Central Virginia. The system includes a 780-bed hospital, outpatient clinics and a 600-physician-faculty group practice. As the regional teaching institution, it offers access to some of the most advanced state-of-the-art treatments and technology available. The medical staff includes internationally recognized physicians, many of whom have been recognized among the best doctors in the country.
As a leader in health care research, VCUHS offers patients the opportunity to choose to participate in programs that advance evolving treatment, such as those sponsored by the National Cancer Institute through VCU’s Massey Cancer Center, Virginia’s first NCI-designated cancer center. VCUHS is the site for the region’s only Level 1 Trauma Center, its comprehensive emergency department treating more than 82,000 patients annually. VCUHS has major programs in neurosurgery, cardiac, solid organ transplantation and women’s health. The system’s Evans-Haynes Burn center was the first civilian burn unit in the country and remains the only such facility in the commonwealth.
Aetna is one of the nation’s leading diversified health care benefits companies, serving approximately 35.4 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities and health care management services for Medicaid plans. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com. To learn more about Aetna's innovative online tools, visit www.aetnatools.com.
Walt Cherniak, 410-401-9490
KEYWORDS: United States North America Virginia
INDUSTRY KEYWORDS: Education University Health Hospitals Professional Services Insurance General Health Managed Care