Golden, CO and West Hartford, CT – New West Physicians has announced that it is joining Averde’s network in Colorado. Averde Health, an innovative health care company primarily engineered for High Deductible Health Benefits is designed to help control the cost of health care by driving non-value added administrative hassles out of the system. Under Averde's unique financing system, health care providers who contract with Averde are guaranteed the payment of their patients' liability, including deductibles and coinsurance. By working with doctors and hospitals, Averde improves the experience for the patient while increasing profitability for doctors and hospitals.
Averde Health CEO Tom Policelli remarked, "Employers are offering high deductible plans at an increasing rate which puts a financial burden on physicians and their patients. When patients are unable to pay their part of the health care cost, it means hospitals and physicians must often write off bad debts. That drives up costs and creates an ongoing upward cycle of price increases to compensate. The Averde model was designed to reverse that trend and help eliminate the blizzard of paperwork that can be overwhelming for consumers in high deductible plans."
New West Physicians is the latest physician organization to join Averde's network, which is expanding rapidly in Colorado. "We welcome Averde Health to the Colorado market," said Ruth Benton, New West Physicians’ CEO. "We feel Averde's approach of partnering with physicians to solve problems associated with high deductible plans is a good one and we are pleased to join their network." All 58 primary care physicians affiliated with New West Physicians are now in Averde's network, which is fast approaching 1,600 doctors in the area.
Starting in Colorado last year and already in several markets in Texas, Averde Health is on track to be in 20 markets across the country in the next 18 months. Additionally, they recently announced that they have achieved a milestone of 100,000 in member commitments for that time period. According to Policelli, "We feel the market is ready for a new health plan model to compete with large insurance carriers. That's exactly what Averde delivers."
About New West Physicians - New West Physicians is a primary care group practice and medical management company consisting of forty-eight physicians and ten mid-level practitioners practicing at thirteen office locations throughout the Denver metro area. Within this group of professionals, 41 are in Family Practice and 17 practice Internal Medicine. Combined, they serve 200,000 registered patients.
About Averde Health
Averde Health is building networks across the country, and expects to enter more than 20 markets in the next 18 months. It offers health care providers assurance that they will promptly be paid all they are owed, even amounts owed by their patients. It offers patients easier-to-understand paperwork and guaranteed access to credit to pay medical bills if needed.
Because providers get paid more, better and faster, many have offered their most competitive terms to Averde.
Media Contacts:
Roberta D. Wachtelhausen
Sr. Vice President
Sales and Marketing
Averde Health, Inc.
860-270-0243
Ruth Benton
Chief Executive Officer
New West Physicians
1707 Cole Blvd., Suite 250
Golden, CO 80401
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