Health plan chief sees opportunity in new alliance [Westchester County Business Journal (NY)]
| By Golden, John | |
| Proquest LLC |
At
It is an affiliation of two "very like-minded" companies rather than a consolidation or an acquisition, Chapin said of the deal, financial terms of which were not disclosed. The
"What we end up with is still very much to be determined," Chapin said of the affiliation that has been approved by the state
Hudson serves approximately 120,600 members enrolled in the state-sponsored Medicaid Managed Care,
Chapin said the affiliation with MVP, which offers
In an earlier joint announcement with
Together Hudson and MVP will serve approximately 733,000 members in
Chapin said Hudson did not plan to offer individual and small business insurance on its own in the Health Benefit Exchange. "It was our strategy to work with another health plan and not have to start from scratch," she said.
Gonick said Hudson and MVP "both have excellent reputations for customer service, which will be a major consideration for consumers purchasing insurance through the Exchange." She added that Hudson's expertise in community-based enrollment that focuses on individuals "will be invaluable as MVP moves into direct consumer sales in the Exchange environment."
"The health care reform and changes in the health care environment are definitely driving all kinds of new arrangements, partnerships. consolidations and affiliations," Chapin said in a phone interview. "Definitely we're all looking to get bigger or diversify our health care business."
"It definitely was part of the reason that we came together. The other reason is just the economics of insurance: the bigger business you have, the better."
Both
MVP officials said the company's commercial and
| Copyright: | (c) 2013 Westfair Communications |
| Wordcount: | 620 |


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