TexSAn Heart Hospital Signs Agreement with Blue Cross and Blue Shield of Texas
February 25 2008 - 7:00AM
PR Newswire (US)
Managed Care Contracts Provide 200,000 Members with In-network
Access to MedCath Hospital CHARLOTTE, N.C., Feb. 25
/PRNewswire-FirstCall/ -- MedCath Corporation (NASDAQ:MDTH), TexSAn
Heart Hospital and the hospital's physician partners announced
today that the hospital has signed managed care agreements with
Blue Cross and Blue Shield of Texas (BCBSTX). The new contracts
provide in-network access to TexSAn Heart Hospital for
approximately 200,000 BCBSTX enrollees in the San Antonio area,
including enrollees in BCBSTX's Traditional, BlueChoice(R),
BlueChoice Solutions and HMO plans. "We are pleased to reach an
agreement that will provide so many people in the San Antonio area
access to TexSAn Heart Hospital's high-quality services and
expertise in cardiovascular care," said Ed French, MedCath's
President and Chief Executive Officer. "This agreement and others
we've added at TexSAn and other MedCath hospitals over the past
several months continue to underscore the desire of local plans to
enhance access to high-quality and convenient cardiovascular and
acute care services for which MedCath hospitals and its
partnerships are known." BCBSTX Traditional members currently have
access to TexSAn Heart Hospital. The new agreements for BCBSTX's
BlueChoice, BlueChoice Solutions and HMO networks have an effective
date of April 1, 2008. TexSAn Heart Hospital is a licensed acute
care facility with a primary focus on providing leading
cardiovascular care to the Southwest Texas region. Opened in
January 2004, the hospital recently announced an expansion project
that will double existing capacity to 120-beds and expand the
services offered at the hospital. MedCath Corporation,
headquartered in Charlotte, N.C., is a healthcare provider focused
on high acuity services with the diagnosis and treatment of
cardiovascular disease being a primary service offering. MedCath
owns interests in and operates ten hospitals with a total of 663
licensed beds, located in Arizona, Arkansas, California, Louisiana,
New Mexico, Ohio, South Dakota, and Texas. In addition, MedCath and
its subsidiary MedCath Partners manage the cardiovascular program
at various hospitals and provide services in diagnostic and
therapeutic facilities in various states. DATASOURCE: MedCath
Corporation CONTACT: O. Edwin French, President & Chief
Executive Officer, or Art Parker, Interim Chief Financial Officer,
+1-704-708-6600, both of MedCath Corporation Web site:
http://www.medcath.com/
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