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Company Overview

Aveta Inc. is one of the largest health insurance organizations in the United States, caring for over 195,000 Medicare beneficiaries and 185,000 commercial members. Aveta specializes in building provider networks and management service organizations that emphasize integration and coordination of healthcare.

Aveta strives to be the lowest cost provider in each of its markets and to provide the highest quality of healthcare to our members with the maximum level of benefits. Aveta's expertise in coordinating care through Management Service Organizations (MSOs) gives us a significant competitive advantage in achieving our objective.

Aveta's MSOs closely engage physicians in specialized networks called Independent Physician Associations (IPAs) and overlay sophisticated analytics which empower network providers to control costs and improve the healthcare of its members.

Aveta is headquartered in Ft. Lee, New Jersey and has operations in Puerto Rico, California and Illinois.

Puerto Rico: Aveta operates two Medicare HMOs, MMM Healthcare (MMM) and PMC Medicare Choice (PMC). Founded in 2001, MMM was the first Medicare Advantage provider in Puerto Rico. MMM increased its membership on average by 27,000 members a year in its first five years. In 2006, MMM acquired PMC, then the second largest Medicare plan in Puerto Rico.

Today, MMM and PMC are the leading Medicare HMOs in Puerto Rico, serving more than 165,000 members in all 78 counties. MMM and PMC have dramatically improved the quality of health care in Puerto Rico by providing enhanced benefits in addition to the traditional Medicare Fee for Service and building IPAs. We are proud of these contributions and will continue to focus on expanding and improving healthcare in Puerto Rico.

California: North American Medical Management of California (NAMM CA) is a medical management company that manages medical services for approximately 28,000 seniors and 185,000 commercial members. NAMM CA contracts with national and local managed care plans to provide medical management services through its exclusive provider network of IPAs. In addition to managed medical services, NAMM CA also provides a full range of services to assist physicians in their managed care and business operations. For over a decade, NAMM California has been an innovator in health care with a track record of clinical excellence and extraordinary service.

Illinois: North American Medical Management of Illinois (NAMM IL) provides management services to medical groups managing approximately 113,000 members. Since 1995, NAMM IL has worked with leading physicians and hospitals to successfully manage the delivery of medical services to managed care markets and has developed sophisticated techniques for managing the revenue and health care expenses of medical groups.

 
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