Preferred provider organization

Despite slowing growth and regulatory headwinds, Medicare Advantage enrollment remains strong and outlook positive

Retrieved on: 
Tuesday, March 5, 2024

CHICAGO, March 5, 2024 /PRNewswire/ -- Chartis, a comprehensive healthcare advisory firm, today announced the release of its annual 2024 Medicare Advantage competitive enrollment report. This year's report is a collaboration between Chartis and HealthScape Advisors, A Chartis Company. Together, they help payers and providers manage transformational change in a rapidly evolving healthcare ecosystem that is increasingly defined by payer-provider convergence.

Key Points: 
  • This year's edition of the report shows that despite strong enrollment gains, market growth appears to be slowing.
  • The Medicare Advantage market grew by 1.7 million beneficiaries (+5.4%) in 2023, slowing down from the record growth of 2.7 million (+9.4%) in 2022.
  • This ongoing enrollment growth is fueled by an increasing senior market but is overshadowed by regulatory pressures, declining quality scores, and rising medical costs.
  • In addition to top-line enrollment statistics and executive sentiment, Chartis' 2024 Medicare Advantage report analyzed:
    Special Needs Plan (SNP) growth: SNP enrollment has surged, adding 1.2 million members.

United States Health Insurance Market Analysis Report 2023: A $1,639 Billion Industry by 2028 from $1,150 Billion in 2022 - Competition, Forecasts and Opportunities - ResearchAndMarkets.com

Retrieved on: 
Friday, December 15, 2023

The "United States Health Insurance Market Competition, Forecast and Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "United States Health Insurance Market Competition, Forecast and Opportunities, 2028" report has been added to ResearchAndMarkets.com's offering.
  • United States health insurance market is expected to reach a value of $1639.44 billion by 2028, up from $1150.23 billion in 2022, driven by the increasing private health insurance provider and rising medical expenditures during the forecast period.
  • The United States health insurance market has experienced significant growth over the past decade, driven by several factors, such as rising healthcare costs, increasing awareness of health insurance, and a surging population.
  • The United States offers ample opportunities for health insurance companies to expand their offerings beyond traditional health insurance products.

BLUE CROSS BLUE SHIELD OF MASSACHUSETTS ANNOUNCES INNOVATIVE PRODUCTS FOR 2024

Retrieved on: 
Monday, November 27, 2023

BOSTON, Nov. 27, 2023 /PRNewswire/ -- Blue Cross Blue Shield of Massachusetts (Blue Cross) today announced a suite of innovative new medical, pharmacy, dental and vision offerings that support the health plan's commitment to provide quality, affordable and equitable health care.

Key Points: 
  • BOSTON, Nov. 27, 2023 /PRNewswire/ -- Blue Cross Blue Shield of Massachusetts (Blue Cross) today announced a suite of innovative new medical, pharmacy, dental and vision offerings that support the health plan's commitment to provide quality, affordable and equitable health care.
  • Blue Cross announced the following new offerings:
    Exclusive Provider Organization (EPO) Plans: Blue Cross is offering new EPO plan options for fully insured customers and now will offer these plans to student groups.
  • The health plan will be the first in the market to offer an EPO plan to Massachusetts individuals and small groups.
  • Pharmacy Program through Sempre Health: To improve medication adherence and affordability for members with select chronic conditions including diabetes, Blue Cross is partnering with Sempre Health.

Donor Concierge Honors Dr. Said Daneshmand with 2023 Fertility Provider Excellence Award

Retrieved on: 
Thursday, September 28, 2023

SAN FRANCISCO, Sept. 28, 2023 /PRNewswire-PRWeb/ -- Today, Donor Concierge named Dr. Said Daneshmand, MD, as the recipient of the 2023 Donor Concierge Fertility Provider Excellence Award. This annual award recognizes fertility practitioners who meet Donor Concierge's stringent standards of excellence and provide outstanding care to fertility patients.

Key Points: 
  • Donor Concierge is proud to award the 2023 Fertility Provider Excellence Award to Dr. Said Daneshmand and San Diego Fertility Center, recognizing exceptional care for fertility patients.
  • SAN FRANCISCO, Sept. 28, 2023 /PRNewswire-PRWeb/ -- Today, Donor Concierge named Dr. Said Daneshmand, MD, as the recipient of the 2023 Donor Concierge Fertility Provider Excellence Award.
  • This annual award recognizes fertility practitioners who meet Donor Concierge's stringent standards of excellence and provide outstanding care to fertility patients.
  • For nearly two decades, Donor Concierge has assisted thousands of hopeful parents in the third-party fertility sector.

Sendero Health Plans Names Sharon Alvis as Next Chief Executive

Retrieved on: 
Thursday, September 21, 2023

AUSTIN, Texas, Sept. 21, 2023 /PRNewswire/ -- Sendero Health Plans Inc. (Sendero) announced Wednesday it has named Sharon J. Alvis as the new chief executive officer to lead the nonprofit health maintenance organization (HMO), which was created and is funded and owned by Central Health.

Key Points: 
  • AUSTIN, Texas, Sept. 21, 2023 /PRNewswire/ -- Sendero Health Plans Inc. (Sendero) announced Wednesday it has named Sharon J. Alvis as the new chief executive officer to lead the nonprofit health maintenance organization (HMO), which was created and is funded and owned by Central Health.
  • Sendero offers health insurance plans through the Affordable Care Act's (ACA) federal Health Insurance Marketplace.
  • I have closely followed the evolution and experience of Sendero Health Plans from its inception and was excited about the potential to directly contribute."
  • Alvis continued, "With its unique structure and ownership, Sendero, in collaboration with the Central Health System, has a unique opportunity to maximize powerful collective resources.

Oxford Health Founder, Steve Wiggins, launches a new type of health insurance plan with nirvanaHealth’s Aria platform on Microsoft Azure

Retrieved on: 
Monday, August 14, 2023

These capabilities will be linked to the Oxbridge platform to enable creative use of bundled payments and episode of care allowances in benefit plan designs.

Key Points: 
  • These capabilities will be linked to the Oxbridge platform to enable creative use of bundled payments and episode of care allowances in benefit plan designs.
  • “We are excited to work with Oxbridge to drive innovation and to help them launch with a highly competitive cost structure.
  • The Oxbridge platform has been designed to move up to 50% of an employer’s annual health benefit spending into episode of care programs.
  • The Aria platform was designed to administer any type of health benefit program, whether a Medicare or Medicaid plan, a commercial health insurance program, an employer self-funded plan or prescription drug programs.

Pinwheel becomes Plaid's Preferred Provider for direct deposit switching and helps power additional payroll data for income verification

Retrieved on: 
Thursday, August 17, 2023

NEW YORK, Aug. 17, 2023 /PRNewswire/ -- Today Pinwheel, the market-leading provider of income and employment data engineered for fintech innovation, partners with Plaid, the leading open finance network, to provide complementary payroll data services for its Income product. In addition, Pinwheel will become a Preferred Provider for direct deposit switching (DDS) services. As the Preferred Provider, Plaid will refer customers in need of direct deposit switching services to Pinwheel.

Key Points: 
  • Pinwheel joins Plaid's Partner Network as its Preferred Provider for direct deposit switching (DDS) services and is helping to provide additional consumer-permissioned payroll data to Plaid's Income product.
  • In addition, Pinwheel will become a Preferred Provider for direct deposit switching (DDS) services.
  • As the Preferred Provider, Plaid will refer customers in need of direct deposit switching services to Pinwheel.
  • Pinwheel is Plaid's Preferred Provider for DDS and helps provide additional payroll data to its Income product.

Assure Holdings Expands Service Offerings to Address the High Growth EEG Services Market

Retrieved on: 
Tuesday, June 27, 2023

The agreement enables the Company to expand its offerings in the field of neurology to include electroencephalogram (“EEG”) testing.

Key Points: 
  • The agreement enables the Company to expand its offerings in the field of neurology to include electroencephalogram (“EEG”) testing.
  • Under the terms of the agreement, Assure has the exclusive rights to offer Neurovative Diagnostics’ comprehensive suite of EEG services to Assure’s current and future hospitals, healthcare facilities and clinics where it provides services.
  • Services provided by Neurovative Diagnostics will be treated as ‘fee-for-service’ enabling Assure to leverage Neurovative Diagnostics’ technologists, market knowledge and expertise.
  • Assure anticipates the launch of EEG services will occur during the third quarter 2023, leveraging its existing Tele neurology services and requiring minimal working capital needs.

Ease Report Reveals Even Small Shifts in Benefits Costs Can Impact SMBs

Retrieved on: 
Tuesday, February 21, 2023

SAN FRANCISCO, Feb. 21, 2023 /PRNewswire/ -- Ease®, a leading HR and benefits software solution for small- and medium-sized businesses (SMBs), insurance brokers, and insurance carriers, today released the 2023 SMB Benefits and Employee Insights Report. Now in its fourth year, this report centers on benefits cost and adoption trends for businesses with 2-250 employees nationwide.

Key Points: 
  • SAN FRANCISCO, Feb. 21, 2023 /PRNewswire/ -- Ease®, a leading HR and benefits software solution for small- and medium-sized businesses (SMBs), insurance brokers, and insurance carriers, today released the 2023 SMB Benefits and Employee Insights Report.
  • Now in its fourth year, this report centers on benefits cost and adoption trends for businesses with 2-250 employees nationwide.
  • Drawing on anonymized data from 3.4 million employees and their 85,000 employers, the report continues to see medical premiums tick up.
  • Non-medical voluntary benefits offer SMBs a unique way to meet the needs of their employees without wrecking their budgets.

Mercedes-Benz to Launch Global Branded High-power Charging Network, Starting in North America

Retrieved on: 
Thursday, January 5, 2023

Mercedes-Benz announces far-reaching plans to launch a global high-power charging network across North America, Europe, China and other key markets.

Key Points: 
  • Mercedes-Benz announces far-reaching plans to launch a global high-power charging network across North America, Europe, China and other key markets.
  • The Mercedes-Benz high-power charging network will greatly enhance customers’ charging experience, accelerate the journey towards the all-electric future and create a global infrastructure asset with future value-creation potential.
  • View the full release here: https://www.businesswire.com/news/home/20230105005406/en/
    Mercedes-Benz to launch global branded high-power charging network, starting in North America (Photo: Business Wire)
    The company believes this strategic move will significantly enhance the usability and convenience of its new generation of electric vehicles, differentiate the Mercedes-Benz ownership experience and accelerate the EV transformation.
  • At CES 2023 in Las Vegas, Mercedes-Benz announced that the rollout of its high-power charging network will start this year in North America.