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Wednesday, March 05, 2008

Hospital Network Contracts with AetnaPrime Healthcare Services Inc. (PHS) entered into a multi-year managed care agreement with Aetna Health Plans. Aetna enrollees can get care at PHS hospitals. Aetna enrollees will be covered with full in-network benefits. “This dispels the rumor that PHS is adverse to managed care contracting and hopefully, paves the path for other managed care health plans to enter into contracts with fair and reasonable reimbursement,” said Prem Reddy, MD, FACC, FCCP, PHS’ Chairman of the Board. “We are ready and willing to enter into managed care agreements with other major health plans on terms comparable to Aetna’s,” said Lloyd Wilensky, PHS' Vice-president of Health Plan Operations.Prime Healthcare Services Inc. is a rapidly expanding hospital management company in Southern California. PHS owns and operates nine acute care facilities: Centinela Hospital Medical Center in Inglewood, Chino Valley Medical Center, Valley Hospital in Victorville, Huntington Beach Hospital, La Palma Intercommunity, Montclair Hospital Medical Center, Paradise Valley Hospital in National City, Sherman Oaks Hospital and the Grossman Burn Center in Sherman Oaks, and the West Anaheim Medical Center.

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