Sound Physicians, Inc. has Joined Averde Health Inc.’s Provider Network in Colorado

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Sound Physicians, Inc. has announced their decision to join Averde's growing health network in Denver, providing a simple healthcare solution for patients.

Sound Physicians, Inc., a nationally recognized leader in providing quality hospitalists and clinical metrics to hospital systems across the U.S., announced they have joined the Averde Health guaranteed payment network in Colorado. Averde Health, an innovative healthcare company and an emerging competitor in the group benefits arena offers deductible plans designed to help control the cost of healthcare by driving administrative costs out of the system and creating wins for providers, patients and purchasers. Averde builds their physician networks by partnering with doctors and hospitals resulting in very competitive rates and a simpler healthcare solution for their members.

Averde Health CEO Tom Policelli remarked, “We are excited to have Sound Physicians in our network. We share a commitment to driving administrative inefficiency out of the healthcare system while maintaining high quality healthcare for our members.” Jim Kodjababian, Chief Revenue Officer and VP Management Services agreed. “Sound Physicians is pleased to partner with Averde Health and we are excited about their novel approach to payer contracting. The benefits of the Averde Health solutions are well aligned with Sound’s goals. Importantly, their single transaction approach lessens the burden associated with patients receiving statements from multiple physician groups and enables Sound to streamline revenue cycle operations.”

Averde offers their health plan to employers who are using deductibles, Health Savings and Health Reimbursement accounts as a way to contain costs. Health deductibles for individuals and families are rising at an accelerated rate across the U.S. as employers look to share the cost of medical benefits with employees. “This puts financial pressure on the entire system,” Policelli said. “ If patients are unable to pay their part of the health care cost, hospitals and physicians are left to raise rates to compensate. This creates an ongoing upward cycle of price increases.” The Averde model was designed to reverse that trend and help eliminate the blizzard of paperwork that can be overwhelming for consumers in high deductible plans.

Sound Physicians is the latest physician organization to join Averde’s network of healthcare providers, which is expanding rapidly in Colorado, Texas and several other states. Averde is on track to be in 20 markets across the country in the next 18 months. Additionally, they recently announced that they have achieved a milestone of 100,000 in member commitments for that time period. “We feel the market is ready for a new health plan model to compete with large health insurance carriers. That’s exactly what Averde delivers.”

About Sound Physicians - Sound Physicians, a leading hospitalist organization, is improving the quality, efficiency and satisfaction of healthcare delivery through clinical process excellence. By integrating outstanding people, proven clinical processes and proprietary technologies, Sound Physicians uniquely addresses the clinical, administrative and fiscal challenges facing our nation’s acute care and post acute care delivery systems. To learn more visit: http://www.soundphysicians.com.

About Averde Health - Averde Health is building provider networks across the country, and expects to enter more than 20 markets in the next 24 months. It offers healthcare providers assurance that they will promptly be paid all they are owed, even amounts owed by their patients, eliminating bad-debt and collection costs. It offers patients easier-to-understand paperwork and manageable payment plans to pay medical bills if needed.

For more information, on Averde Health, please visit http://www.averdehealth.com.

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Bert Wachtelhausen

Lynn Purdy
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