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Continucare Enters Into New Managed Care Agreement with Humana Medical Plan, Inc.

Publication: Business Wire
Publication Date: 03-APR-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
MIAMI -- Continucare Corporation (AMEX:CNU) announced today that it has entered into a "full risk" Independent Practice Association Participation Agreement with Humana under which Continucare will provide medical utilization, pharmacy management and specialist network development assistance to 14 independent physician affiliates ("IPAs") practicing in Miami-Dade and Broward Counties, Florida. The IPAs currently act as primary care physicians for approximately 2,300 patients enrolled in one of Humana's Medicare or Medicaid plans.

The terms of the Agreement call for Continucare to receive a capitation fee from Humana established as a percentage of the premium that Humana...

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