Houston, TX and West Hartford, CT (PRWEB) April 12, 2010
Patients and health care providers at HCA Gulf Cost Division’s eight Houston-area hospitals will soon benefit from a revolutionary approach to payment. HCA Gulf Coast Division has joined the Averde Health’s Guaranteed Payment network, which is introducing a new product designed especially to work with high-deductible health benefits. It promises to improve cash flow for providers while allowing policyholders to manage payment of their high deductibles.
Texas ranks second in the nation in the number of people who carry health insurance with deductibles of ten thousand dollars or more. These are often small business owners or the self-employed. With most high deductible plans, collecting the patient’s portion is often a problem for health care providers, and uncollected bills or collections costs represent a significant loss of income.
But with Averde Health’s high deductible plans, when clean claims are submitted within 60 days, HCA Gulf Coast Division hospitals are paid one hundred percent of the contracted amount (other than office visit copays) within 30 days, thus improving cash flow while eliminating collections costs and write-offs for network members. Averde Health founder and CEO Tom Policelli, explains “We collect coinsurance and deductibles from our members so providers in our network don’t have to. And we are also in a position to assist members who need flexible payment arrangements.” Averde members benefit from simplified explanations of benefits, and also have access to flexible repayment terms, which can include payroll deductions.
Texas joins Colorado as the first states to benefit from the Averde Health innovations, while networks in several other states are scheduled to be operating before year’s end.
About Averde Health - Averde Health was founded by visionary health insurance executives who recognized the need for a better health care model that puts them in partnership with doctors and hospitals, while allowing patients a simple way to manage their health care expenses. By solving problems for health care providers, Averde drives administrative costs out of the system, and helps hold down costs for employers and consumers.
About HCA Gulf Coast Division - HCA Gulf Coast Division is a comprehensive network of hospitals, outpatient surgery centers, emergency centers, cancer centers and diagnostic imaging facilities. It offers a complete continuum of specialized health programs and services that meet the healthcare needs of the greater Houston area and South Texas residents and businesses.
For more information, on Averde Health, please visit http://www.averdehealth.com.