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Glens Falls Hospital And Aetna Reach New Contract

Stocks in this article: AET

Glens Falls Hospital and Aetna (NYSE:  AET) today announced a new multiyear agreement. Glens Falls will remain an “in-network” provider of care for Aetna members.

Aetna will send letters to members telling them that they may continue to receive care at Glens Falls Hospital and from its affiliated physicians at in-network benefit levels, as they have in the past. When members receive care in Aetna’s network, they generally pay less money out of pocket for their care.

“We are excited to be able to provide continued care for our patients,” said Jeff Treasure, Glens Falls Hospital senior vice president of Finance. “It’s a great thing to share this positive news with our community and continue our collaboration with Aetna.”

“This agreement is good news for our members,” said Dan Delucia, Aetna Network vice president in New York. “We are pleased to continue our network relationship with Glens Falls hospital and provide our members with in-network access to its quality services.”

About Glens Falls Hospital

Glens Falls Hospital, founded in 1897, is a 410-bed, not-for-profit, community hospital serving a six-county region of Northeastern New York. With 3,000 employees and 29 regional locations, it is the largest health care provider between Albany and Montreal, offering inpatient and outpatient services, including emergency, coronary, and cancer care; medicine/surgery; obstetrics; physical and occupational rehabilitation; and community services. For more information, see www.glensfallshospital.org or facebook.com/GlensFallsHospital.

About Aetna

Aetna is one of the nation's leading diversified health care benefits companies, serving approximately 37.3 million people with information and resources to help them make better informed decisions about their health care. Aetna offers a broad range of traditional, voluntary and consumer-directed health insurance products and related services, including medical, pharmacy, dental, behavioral health, group life and disability plans, and medical management capabilities, Medicaid health care management services and health information technology services. Our customers include employer groups, individuals, college students, part-time and hourly workers, health plans, health care providers, governmental units, government-sponsored plans, labor groups and expatriates. For more information, see www.aetna.com.

Copyright Business Wire 2010

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