Aetna Signs 3-Year Agreement With Intercoastal Medical Group

SARASOTA, Fla.--(BUSINESS WIRE)--Mar. 12, 2009-- Aetna (NYSE: AET) announced today that it has signed a three-year agreement with Intercoastal Medical Group Inc. Under the new contract, members of Aetna’s Medicare Advantage HMO and PPO plans, will be able to receive covered benefits, at in-network rates, from Intercoastal Medical Group physicians. The contract takes effect April 1.
Intercoastal Medical Group already provides in-network care to members of Aetna’s commercial health plans in the Tampa-area.
“Aetna is very pleased to expand its relationship with Intercoastal Medical Group,” said Jim McCunney, Aetna’s vice president of network management for the Tampa area. “Members of our commercial plans have been receiving excellent care from Intercoastal physicians for some time, and we’re glad that our present and future Medicare Advantage members will be able to benefit from the same services.”
Aetna is the only Medicare Advantage insurer presently contracted with Intercoastal.
“We are very pleased to be able to offer this association with Aetna to our patients and to be the care providers for Intercoastal Aetna patients,” said Geoff Simon, Intercoastal Medical Group administrator.

About Intercoastal Medical Group
Founded in 1993, Intercoastal Medical Group (IMG) is a professional association of more than 60 board-certified physicians encompassing 18 specialties. IMG's seven locations in Sarasota and Manatee counties include physician offices, laboratories, imaging facilities and a day surgery center.
Aetna provides health benefits to approximately 437,000 members in the Tampa area. Those members have access to a network that includes 60 contracted hospitals and more than 7,000 primary care physicians and specialists.