Healthcare Organizations Medica and SSM Health Form Strategic Relationship to Drive Innovation and Improve Quality of Care | Business
MINNEAPOLIS & ST. LOUIS – (BUSINESS WIRE) – August 18, 2021–
Medica and SSM Health – two leading nonprofit healthcare organizations in the Midwest – announced today that they will form a strategic relationship to unite their complementary strengths to deliver innovative and focused healthcare solutions. value to members of the communities they serve.
Medica will invest in Dean Health Plan of Madison, Wisconsin, a subsidiary of SSM Health. Working together, the two health plans will focus on key areas such as operations, technology and value-based care empowerment to improve the member / patient experience.
“This important relationship is driven by our mutual commitment to add value to the healthcare experience through better health outcomes and lower costs for our members,” said the President and CEO of Medica, John Naylor. “We believe that together we can develop and deliver innovative solutions that best meet the health care needs of people in the communities we serve. “
Randy Combs, CFO of SSM Health, said: “SSM Health and Dean Health Plan have decades of experience and a deep passion for providing value-based, patient-centered, and patient-driven care. supplier / plan integration. We look forward to working with Medica to help more people access the high-quality, affordable care they need and deserve.
“This relationship, with its deep local focus, is an opportunity to further improve the tools available to members, employers, brokers and others and to improve the overall healthcare experience for all we serve.” added Le McPhearson, chair of the Dean Health Plan.
The two companies will retain their respective health plan brands and products, including those under the Medica name, as well as Dean Health Plan, Prevea360 and WellFirst Health. Members, employers, brokers and suppliers can expect improved products and services and no change in the short term. The deal is expected to be finalized in the 4th quarter of the year, pending the necessary regulatory approvals.
About the Dean’s Health Plan
Dean Health Plan is a full-service health insurance company founded in Madison, Wisconsin, serving nearly 500,000 members in Wisconsin, Missouri, Illinois and Oklahoma. Established in 1983, Dean Health Plan is part of SSM Health, an integrated health system based in Saint-Louis. This relationship ensures that the main elements of health care delivery – physician, hospital and insurance – work together to eliminate unnecessary costs from the health system while improving the quality of care.
Medica is a nonprofit health care plan headquartered in Minnesota. The company serves communities in the heart of America by providing health care coverage and related services in the Employer, Personal, Medicaid and Medicare markets. It operates in Minnesota, Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin. Medica’s vision is to trust the community for its unwavering commitment to affordable, high quality healthcare. Medica’s annual report, which includes the organization’s community engagement activities, is available online.
About SSM Health
SSM Health is a not-for-profit Catholic health care system that meets the comprehensive health needs of Midwestern communities through a robust and fully integrated health care delivery system. The organization’s nearly 40,000 employees and 11,000 providers are committed to providing exceptional health services and revealing the healing presence of God to all they serve. With healthcare delivery sites in Illinois, Missouri, Oklahoma, and Wisconsin, SSM Health includes 23 hospitals, more than 290 physician offices and other outpatient and virtual care services, 10 post-care facilities -acute, comprehensive home and palliative care services, pharmaceutical benefit company, health insurance company and responsible care organization. It is one of the largest employers in every community it serves.
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CONTACT: Dean’s Health Plan / SSM Health
KEYWORD: UNITED STATES NORTH AMERICA WISCONSIN MISSOURI MINNESOTA
INDUSTRY KEYWORD: PROFESSIONAL HEALTH SERVICES INSURANCE MANAGEMENT OF GENERAL HEALTH PRACTICES
Copyright Business Wire 2021.
PUB: 08/18/2021 13:01 / DISC: 08/18/2021 13:02
Copyright Business Wire 2021.