SOURCE: The Verden Group

The Verden Group

March 28, 2011 12:03 ET

The Verden Group Announces 2010 Health Insurance Company Rankings; Aetna Named Most Provider-Friendly Network; BCBS of Western NY Plummets to the Bottom of the Ranks

NYACK, NY--(Marketwire - March 28, 2011) - The Verden Group announced the results of their Annual Rankings this month, naming Aetna the Most Provider-Friendly Network in 2010. Of the 38 health insurance companies ranked in 2010, two companies dropped dramatically in the rankings; BCBS of Vermont dropped from 27 to 38, while BCBS of Western New York fell from 19 to 36 in the ranks.

Started in 2008, the rankings evaluate which companies are relatively efficient at managing their networks, and which ones simply move administrative burden to the providers' plate. 2010 marks the third year that The Verden Group has assessed health insurance companies, providing a clearer picture of how well, or how poorly, health insurance companies are performing from the perspective of physician practice management. Previously awarded on a quarterly basis, Verden Rankings are now based on the performance of health insurance companies over an entire year, providing a comprehensive analysis of data that is more representative of overall performance.

Using data sourced directly from the insurance companies' websites, and metrics unique to the industry, The Verden Group's Rankings is essential reading for physicians and healthcare managers. Illustrating the impact that medical and administrative policy and procedure changes have on the cost of doing business for physicians, The Verden Rankings allow physicians to make informed decisions about the ever-changing costs involved in participating in a particular Payers' plan, therefore taking better control of the business side of their practice.

"When dealing with health insurance companies, the only constant is change," says Susanne Madden, CEO of The Verden Group. "Physicians need to take control of the business of medicine and assess which plans to participate in. We give them the tools to make educated decisions for their practices and ultimately their patients."

The 2010 Verden Annual Rankings are available online at http://www.theverdengroup.com/rankings.html

Contact Information

  • For more information on Verden Rankings, or to arrange an interview with Susanne Madden, please contact:

    Heidi Hallett
    Communications Director
    Email Contact
    The Verden Group
    99 Main Street, Suites 302-303
    Nyack NY, 10960
    877-884-7770
    www.TheVerdenGroup.com