21st Century Oncology, the nation’s premier cancer treatment network and largest radiation therapy provider, and Humana Inc. (NYSE: HUM), one of the nation’s leading health care and well-being companies, today announced a national agreement to enact case rate reimbursement for radiation therapy services.
The partnership between 21st Century Oncology and Humana will make strides toward new, more efficient and innovative payment methodologies for the future. Going beyond traditional methods, the new, reimbursement model ‘bundles’ all payments for a patient’s treatment for a specific condition. Because the bundled payment reimbursement model covers all procedures performed during a particular episode of care, it streamlines claims payment, eliminating administrative waste and also enables better care coordination across providers.
“Over the last decade, the advancements made in evidence-based clinical treatment guidelines for cancer care have been staggering,” stated Constantine A. Mantz, M.D., Board Certified radiation oncologist and 21st Century Oncology’s Chief Medical Officer. “We believe that translating these proven best practices into a bundled format that comprises a widely-supported group of medical services will benefit patients. The agreement with Humana serves as an example of how collaboration and innovation can support efficient, high-quality health care.”
“Humana chose to partner with 21st Century Oncology in our continuing efforts to deliver quality, affordable health care,” said Bill Barnes, Humana’s Vice President of National Contracting. “We also believe this partnership can improve administrative efficiencies with health care providers in Humana’s national network.”
The agreement became effective on August 1, 2012.
About 21st Century Oncology:
21st Century Oncology is the premier provider of cancer care services across multiple modalities, the largest radiation oncology provider and the second largest group of urologists in the U.S. For more than 30 years, 21st Century Oncology has been committed to providing state-of-the-art, academic quality radiation therapy and other cancer care in a patient-centric setting focused on continuous innovation. Headquartered in Fort Myers, Florida, the physician-led company operates in 16 states and 7 countries, with a vast network of more than 250 facilities. 21st Century Oncology employs or is affiliated with over 500 physicians, including radiation oncologists and other cancer-related specialists such as urologists, medical oncologists, hematologists, gynecologic oncologists, surgeons, pathologists and primary care physicians—working together to deliver the most advanced integrated cancer care.
For more information, visit www.21stCenturyOncology.com.
Humana Inc., headquartered in Louisville, Ky., is a leading healthcare company that offers a wide range of insurance products and health and wellness services that incorporate an integrated approach to lifelong well-being. By leveraging the strengths of its core businesses, Humana believes it can better explore opportunities for existing and emerging adjacencies in health care that can further enhance wellness opportunities for the millions of people across the nation with whom the company has relationships.
More information regarding Humana is available to investors via the Investor Relations page of the company’s web site at www.humana.com, including copies of:
- Annual reports to stockholders
- Securities and Exchange Commission filings
- Most recent investor conference presentations
- Quarterly earnings news releases
- Replays of most recent earnings release conference calls
- Calendar of events (including upcoming earnings conference call dates and times, as well as planned interaction with research analysts and institutional investors)
- Corporate Governance information.
Caitlin Levens or Michele Maloney, 727-230-9265
Humana Corporate Communications
Alex Kepnes, 502-580-2990
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here