Averde Guarantees Patient Payments to Texas Providers with Complete Care Financing.

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Averde Health, the only healthcare provider network that guarantees payment of patient balances to participating hospitals and physicians, announced the launch of provider recruiting beginning in Austin, San Antonio and Corpus Christi.

Averde Health formally announced its entry into the state of Texas, focusing on network development in Austin, San Antonio and Corpus Christi. Averde is also currently developing health plan provider networks in Colorado and other areas of the country where increasing patient deductibles have caused declining revenue and increased overhead costs for healthcare providers.

Averde is unique in its value proposition to providers: Averde's Complete Care FinancingSM (http://www.averdehealth.com/for-physicians/what-is-complete-care-financing/) healthcare provider contract guarantees payment of 100% of the contracted rate to providers. Healthcare providers simply need to collect office visit copays, while Averde retains the responsibility for patient billing and collections, including any health plan deductible or co-insurance amounts due from patients.

According to Averde CEO Tom Policelli, "Healthcare 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."

Carol Tillman, Averde's VP of Network Operations for Texas stated "Our initial efforts in Texas are already pointing to strong acceptance by the physician community. Clearly, providers see Averde's value proposition and welcome a new competitor that offers greater value to physicians and hospitals."

Policelli added "Some of the leading hospitals and physician groups in the country have given Averde best-in-market rates in return for Averde increasing their net cash collections, and we look forward to partnering with more and more providers going forward."

About Averde Health:
Averde Health pioneered Complete Care FinancingSM, guaranteeing 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 providers and purchasers alike. For more information on Averde Health, please visit http://www.averdehealth.com.


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Roberta Wachtelhausen

Linda Burton
Burton-Branson Communications
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