Humana Extends Network Participation to University General Hospital
Contract Gives Humana Members in Houston Access to University General
Hospital's Doctors and Inpatient, Outpatient and Emergency Services
HOUSTON, TX -- (Marketwired) -- 05/27/14 -- Humana Inc. (NYSE:
HUM), one of the nation's leading health and well-being companies,
and University General Health System, Inc. (OTCQB: UGHS) have reached
an agreement that provides Humana's members in-network benefits to
University General Hospital, located near the Texas Medical Center.
The agreement extends in-network benefits to Houston-based University
General Hospital's inpatient, outpatient and emergency services to
Humana's Medicare Advantage PPO and Private Fee for Service plans and
Humana's Commercial HMO, National Point of Service, PPO and Exclusive
Provider Organization (EPO) plans.
University General Hospital is a general, acute-care hospital that
includes a fully-staffed and licensed emergency room as well as
outpatient imaging and laboratory services. University General's
physicians and medical personnel provide in-patient care utilizing
state-of-the-art diagnostic and surgical equipment.
The hospital has attracted a growing number of respected surgeons and
other physicians from the Houston medical community. University
General's emphasis in patient comfort and favorable outcomes is
evident in its Hospital Outpatient Departments, which include
ambulatory surgical centers, diagnostic imaging facilities, physical
therapy, sports rehab facilities, sleep clinics and a hyperbaric
wound care center.
"We are proud to inform our Houston-area patients and Humana's
medical plan participants that University General's medical care will
now be available on an in-network basis," said Hassan Chahadeh, M.D.,
Chairman and CEO of University General Health System, Inc. "Our
ability to offer patient-centric care to the broadest number of
people, which represents a primary objective of University General
Health System, will be greatly enhanced by expanding access among
Humana customers to our flagship hospital in the Houston metropolitan
"Humana has a strong presence in Houston and expanding our network to
include University General Hospital will offer our members a strong
provider network and is key to our continued growth in the market,"
said Kyle Green, Market Vice President for Humana in Houston.
"Through this partnership, we've been able to substantially increase
health care options for our members who live in Houston."
Humana Inc., headquartered in Louisville, Ky., is a leading health
and well-being company focused on making it easy for people to
achieve their best health with clinical excellence through
coordinated care. The company's strategy integrates care delivery,
the member experience, and clinical and consumer insights to
encourage engagement, behavior change, proactive clinical outreach
and wellness for the millions of people we serve across the country.
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
-- Corporate Governance information
About University General Hospital
University General Hospital delivers high-quality patient-oriented
services by providing timely, innovative health solutions that are
uniquely competitive, efficient and adaptive in today's health care
delivery environment. The hospital is owned by University General
Health System, Inc., a diversified, integrated multi-specialty health
care provider Company that currently operates two hospitals, three
ambulatory surgical centers, a number of diagnostic imaging, physical
therapy and sleep clinics, and a hyperbaric wound care center in the
Houston and Dallas metropolitan areas. Also, University General owns
three senior living facilities, manages six senior living facilities,
and owns a Support Services company that provides revenue cycle and
luxury facilities management services.
University General Health System, Inc. is headquartered in Houston,
Texas, and its common stock trades on the OTCQB under the symbol
The information in this news release may include certain
forward-looking statements that are based upon assumptions that in
the future may prove not to have been accurate and are subject to
significant risks and uncertainties, including statements related to
the future financial performance of University General Health System,
Inc. (UGHS). Although UGHS believes that the expectations reflected
in the forward-looking statements are reasonable, it can give no
assurance that such expectations or any of its forward-looking
statements will prove to be correct. Factors that could cause results
to differ include, but are not limited to, successful execution of
growth strategies, product development and acceptance, the impact of
competitive services and pricing, general economic conditions, and
other risks and uncertainties described in UGHS's periodic filings
with the Securities and Exchange Commission.
For Further Information, Please Contact:
University General Health System, Inc.
Humana Corporate Communications
R. Jerry Falkner, CFA
RJ Falkner & Company, Inc.
Investor Relations Counsel for University General Health System, Inc.
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