SelectCare of Texas, L.L.C. is a Texas Health Maintenance Organization that is managed by a subsidiary of Heritage Health Systems, Inc. (“Heritage”). Heritage is a wholly-owned subsidiary of Universal American Corp. (NYSE: UAM). SelectCare of Texas is jointly owned by a subsidiary of Heritage and an affiliated physician association, Heritage Physician Networks (“HPN”). Some of the major physician delivery systems providing medical services to SelectCare of Texas in the Houston and Beaumont markets include HPN, the Golden Triangle Physician Alliance, Kelsey-Seybold Medical Group, Primary Medical Care, Village Family Practice, and the Northwest Diagnostic Clinic
About Heritage
Heritage Health Systems Inc. is a Medicare Managed Care and Medical Management Organization, and a subsidiary of Universal American Corp. and parent to SelectCare of Texas, L.L.C.
Through a history of physician partnerships, Heritage delivers superior clinical quality and financial results. In the early 1990’s Heritage focused on Medical Facilities development, which shifted to IPA Management in the late 1990’s. By the early 2000’s, Heritage had begun focusing on Health Plan Operations. While the focus has shifted over the years, each business model has been based on building and maintaining mutually beneficial physician partnerships.
Today Heritage focuses on Medicare Advantage Products. Currently owning and operating three Medicare Advantage health plans across the U.S., Heritage continues to expand into new markets.
About UAF
Universal American offers a portfolio of life and health insurance products for seniors and self-employed individuals, and administrative services for insurance and non-insurance programs in the senior market.
Through its subsidiaries, Universal American offers Medicare supplemental health insurance, Medicare Advantage plans, fixed benefit accident and sickness disability insurance, long-term care insurance, senior life insurance, annuities, and other individual life insurance. The company's administrative services division offers outsourcing services for the senior market insurance business as well as eldercare services and products.
Universal American has a history of profitable growth from a combination of strategic acquisitions as well as internal growth. From 1998 to 2003, total revenues for the company grew from $56 million to $523 million, and total assets increased from $283 million to $1.8 billion.
Universal American employs 1000 employees through its four business segments: Senior Market Brokerage, Career Agency, Administrative Services, and Medicare Advantage. The company is traded on Nasdaq (symbol: UHCO), and is included in the Russell 2000 and 3000 Indexes. |