WellCare to join Georgia TeleHealth - Analyst Blog
07 Mars 2013 - 3:50PM
Zacks
Recently, WellCare Health
Plans Inc. (WCG) inked a deal with the Georgia Partnership
for TeleHealth Inc. (GPT) to allow the Georgia Medicaid and young
members of PeachCare for Kids to access specialty health care
services.
Through the deal the WellCare
members in the rural and underserved areas, would be widely exposed
to one of the leading and highly developed nation wide telemedicine
networks. It will allow its members to access top level
physicians and health services similar to the urban areas and thus
reduce the number of untreated health problems and the physical and
financial costs associated with them. The deal allows these
patients to remain in their communities and yet receive the
necessary specialty health services.
GPT’s telemedicine network and
services will allow WellCare members to easily access over 200
specialists at over 300 patient locations in over 40 adult and
pediatric specialties.
To access the telemedicine
services, WellCare Medicaid and PeachCare for Kids members would be
required to contact their primary care physicians. Subsequently,
the local provider will submit the member’s name to the
participating specialist and GPT will then allot an appointment to
the member. Next, the member will have to reach the local
presenting site for the appointment where the patient will
encounter the consulting specialist face-to-face via video with a
trained person on site to assist him.
GPT is dedicated towards exposing
such vulnerable populations to healthcare facilities through
innovative use of technology. People who are restricted by
geographic or time limitations in receiving specialty care, are
evaluated, educated and treated by the company over a secure
network through an interactive video session. Over the past few
years, GPT has continuously increased such telehealth sessions at
an accelerated pace, starting from eight in 2006 to over 70,000 in
2012. The above deal will increase the number of beneficiaries of
GPT
WellCare has been continuously
working towards enhancing its services. Recently, Wellcare revealed
that the New York Department of Health (DOH) has sanctioned
expansion of its New York Advocate Medicaid Managed Long-Term Care
(MLTC) health plans. The expansion will allow for WellCare to
operate in four new counties namely Nassau, Richmond, Suffolk and
Westchester. The plan offers necessary services to enable the
vulnerable to enhance their standard of living.
Earlier this month, U.S. health insurer Aetna Inc.
(AET) agreed to form an Accountable Care Organization (ACO) with
Texas Health Resources. This is in sync with the company’s effort
to improve the safety and quality of patient care and make health
care more affordable.
WellCare currently carries a Zacks
Rank #3 (Hold). Among others from the industry, Aethlon
Medical Inc. (AEMD) and Coventry Healthcare
Inc. (CVH) carry a favorable Zacks Rank #2 (Buy).
AETHLON MEDICAL (AEMD): Get Free Report
AETNA INC-NEW (AET): Free Stock Analysis Report
COVENTRY HLTHCR (CVH): Free Stock Analysis Report
WELLCARE HEALTH (WCG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Atlas Copco (PK) (USOTC:ATLRF)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Atlas Copco (PK) (USOTC:ATLRF)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024