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Metcare of Florida amends agreement with Humana

Metcare of Florida, a subsidiary of Metropolitan Health Networks, has amended its existing agreement with a health and supplemental benefits company Humana to expand its provider service network into nine additional Florida counties.

These additions bring the total Humana service area to include 27 Florida counties. The added counties include Orange, Seminole and Osceola in the Orlando market, and Putnam, Clay, St Johns, Duval, Nassau and Baker in northeast Florida. These counties currently are home to approximately 400,000 Medicare beneficiaries, of which about 20% are currently enrolled in Medicare Advantage plans.

Michael Earley, chairman and CEO of Metropolitan Health Networks, said: Following on the heels of our just-completed sale of Metcare Health Plans, these additional counties enhance our ability to invest in and grow our successful provider service network business. The new counties include the established but growing Orlando market, and developing Jacksonville and its surrounding area.

While this expansion is not expected to bring immediate additional membership and revenues, it does offer us the opportunity to develop a network of primary care physicians who will serve a new customer base which we expect to aggressively pursue in conjunction with Humana.