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Provider Execs Tout Larger Insurance Investments
As healthcare providers start to bear more financial risk for managing population health, they're making larger investments in commercial insurance assets to build their actuarial expertise.
As healthcare providers start to bear more financial risk for managing population health, they're making larger investments in commercial insurance assets to build their actuarial expertise.
Top executives touted these moves to bondholders and prospective investors this week at the JP Morgan Healthcare Conference in San Francisco.
Catholic Health Initiatives, for instance, said it is in talks to buy an unnamed commercial health plan with 70,000 members that operates in one of its current states.
The system is also using Soundpath Health, a Medicare Advantage plan in Washington state in which CHI purchased a majority stake last March, as a platform to partner with other insurers. Like many commercial payers, the health system has seen the opportunity that will come from an aging baby boomer population.
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Source: Modern Healthcare
