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For Release: Immediate

HIP Continues Year 2000 Changes Announces Alliance with Top Hospitals and Physicians

CREATES UNIQUE HEALTHCARE DELIVERY SYSTEM FOR N.Y

New York, N.Y. Dec. 7-HIP Health Plan of New York today announced that it has formed an alliance with Montefiore Medical Center and Lenox Hill Hospital and is working to develop an alliance with Mount Sinai Medical Center and NYU Medical Center to give HIP's members unprecedented access to four of New York City's premier medical institutions.

Anthony L. Watson, Chairman & CEO of HIP Health Plan of New York: "We are announcing a major development. This is a unique affiliation between a health care company and outstanding members of the provider community. It will provide an integrated and systematic approach to the delivery of healthcare services. In the context of the healthcare revolution, this grouping of a healthcare company, institutions and physicians marks a new day in healthcare."

Dr. Spencer Foreman, President of Montefiore Medical Center: "Montefiore welcomes this new affiliation as the culmination of a long-standing relationship with HIP that stretches back nearly 50 years. By linking Montefiore's existing network with HIP's centers in the Bronx and Westchester, members will have access to one of the largest and best ambulatory care delivery systems in the country."

Dr. John W. Rowe, President and Chief Executive Officer of Mount Sinai NYU Health: "We are extremely pleased at the prospect of a partnership with HIP, enhancing their ability to deliver the highest quality care by making the world-renowned expertise and specialty services of our academic health system available to HIP members."

Barry R. Freedman, President of the Mount Sinai NYU Health: "An alliance on this scale between a health care company and the provider community would be unique."

Theresa A. Bischoff, President of the NYU Hospitals Center: "We anticipate that working with HIP will significantly increase our ability to address the healthcare needs of all New Yorkers.

Gladys George, President & CEO of Lenox Hill Hospital: "This partnership will represent a unique and important provider/payor alliance. A cooperative venture such as this one enhances and broadens the quality and scope of healthcare services for New Yorkers."

The alliance announced today will replace the New York Medical Group whose contract, which expires on June 30, 2000, will not be renewed. Following are descriptions of alliance members.

HIP Health Plan of New York
Throughout its 52-year history, HIP has been an award-winning leader in the delivery of quality healthcare. To maintain that level of healthcare excellence, HIP has made and continues to make far-reaching management and operating changes to compete at the highest levels, starting in Year 2000. In 1999 alone, HIP has received the following recognitions: named by CareData as the Number One Medicare HMO in New York City; awarded a three-star rating by Newsweek's poll of "How HMO's Measure UP;" with close to 800,000 members, ranked by Crain's as New York City's largest healthcare company of its kind; citing HIP's re-engineered customer service and redesigned provider network, recognized by a leading consumer magazine as one of four notably improved health plans since the publication's last survey in 1996; and, recognized by the National Committee for Quality Assurance with a Commendable rating, granted to those health care organizations that not only deliver high quality care and service, but also have consumer protection and quality improvement programs that meet or exceed NCQA's rigorous requirements. (Contact: Ron Maiorana, Sr.VP Public Affairs, 212 630-8783)

Mount Sinai NYU Health
Mount Sinai NYU Health is one of the nation's largest and most prestigious healthcare organizations at the forefront of medical practice and research. It encompasses The Mount Sinai Hospital and the Mount Sinai Hospital of Queens; NYU Hospitals Center, comprises Tisch Hospital and the Rusk Institute of Rehabilitation Medicine, the Hospital For Joint Diseases Orthopaedic Institute; and NYU Downtown Hospital. It also encompasses the metropolitan area's most comprehensive and geographically extensive health system, with more than 50 affiliated hospitals and long-term care facilities, and allied physician groups and ancillary providers, in 16 counties. Mount Sinai NYU Health is closely affiliated with Mount Sinai School of Medicine and New York University School of Medicine, promoting the pursuit of excellence in clinical care, scientific research, and medical education. (Contact: Mel Granick, Director of Public Affairs, 212 241-9100)

Lenox Hill Hospital
Lenox Hill Hospital and Lenox Hill Healthcare Network consists of a 652-bed acute care teaching hospital and affiliated hospitals and an integrated healthcare delivery system of over 700 physicians providing care throughout New York City and beyond. The hospital has an excellent reputation for high-quality patient care and for pioneering innovative treatments. It has outstanding primary care physicians and internists and offers a wide range of general and specialty medical, surgical, obstetric/gynecological, pediatric, services to adults and children. Among the hospital's special programs are advanced heart and vascular services' orthopedic surgery, including total joint replacement and sports medicine; maternal/child health; and otolaryngology – head and neck surgery. Lenox Hill Hospital is a major teaching affiliate of the NYU School of Medicine. (Contact: Jean Brett, 212 434-2400)

Montefiore Medical Center
Montefiore Medical Center is an integrated delivery system operating two hospitals, an extensive network of primary and specialty care centers, rehabilitation services, long term care facilities and one of the region's largest home health agencies. It admits over 50,000 patients and provides 1,500,000 outpatient visits each year. It is the university hospital and academic medical center for the Albert Einstein College of Medicine. (Contact: Barbara Janes, Director of Media Relations, at 718-920-4011)