Centura Health Joins Averde's Colorado Provider Network

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Averde Health, the only health plan that guarantees payment of patient balances to participating hospitals and physicians, announced that Centura Health, Colorado's largest healthcare provider, has joined Averde's network.

Averde Health announced that Centura Health, the largest healthcare system in Colorado, has partnered with Averde to deliver a superior experience at a lower cost to Colorado providers and purchasers alike.

Under this agreement, Averde members will gain access to Centura Health hospitals and ancillary facilities at extremely competitive rates. In return, Averde will guarantee payment of patient balances including deductible and co-insurance amounts.

According to Averde CEO Tom Policelli, "Health care providers leave money on the table every time they negotiate with a large insurance carrier. This is especially true today as plan deductibles increase. Doctors and hospitals believe they have negotiated fairly, only to find their net cash yield declining each year. In addition, hospitals and physicians spend more and more of their revenue on collection-related activities, and less on delivering healthcare."

"We are very pleased to be participating in Averde's Colorado network," said Jackie Driscoll, vice president of Payer Relations at Centura Health. "They have designed an innovative solution to a challenge facing the industry today."

Policelli added "Some of the leading hospitals and physician groups in the country have given Averde best-in-market rates in return for Averde's commitment to improve their billing and collections problems, and we look forward to partnering with more and more providers going forward."

About Averde Health - Averde Health pioneered Complete Care FinancingSM, which guarantees payment of patient balances to participating providers. With Averde, providers get paid more, better and faster, while patients can rest assured that they will have financing available if they need it. Some of the nation's leading hospitals and physician groups have given Averde their best rates so that Averde can deliver a better experience at a lower cost to purchasers and providers alike. For more information on Averde Health, visit http://www.averdehealth.com.

About Centura Health - Colorado's largest healthcare provider, the Centura Health family includes 12 hospitals, seven senior living residences, medical clinics, Flight For Life and home care and hospice services. A nonprofit, faith-based organization, Centura Health is a joint venture organization that was formed in 1996 by Catholic Health Initiatives Colorado and Adventist Health System. Centura Health provides care and comfort to more than half a million people each year and is one of Colorado's largest private employers with nearly 13,000 associates. For more information on Centura Health, visit http://www.centura.org.

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Roberta Wachtelhausen
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