Centivo Brings its Curated Health Plan to St. Louis Through New Collaboration with Mercy - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Health/Employee Benefits News
Newswires RSS Get our newsletter
Order Prints
October 22, 2024 Newswires
Share
Share
Post
Email

Centivo Brings its Curated Health Plan to St. Louis Through New Collaboration with Mercy

Business Wire

As affordable health care continues to dwindle in the U.S., Centivo aims to bring high-quality care to millions who struggle to pay medical bills

ST. LOUIS--(BUSINESS WIRE)--
Centivo, a pioneer in making high-quality health care more affordable for employers and their employees, today announced it has teamed up with Mercy, one of the 20 largest U.S. health systems. Centivo will offer a health insurance plan to employers and employees in St. Louis, Missouri, then broaden to other regions, creating access to Mercy’s highest-quality care for the community as a top provider.

In a fragmented health care landscape where providers and health plans frequently engage in contract disputes, the shared values and aligned incentives of Mercy and Centivo offer a refreshing change. The start of this long-term collaboration is an investment in the local community, aiming to provide affordable health care options for business owners and their employees while ensuring access to high-quality care and promoting a healthier workforce. Both Mercy and Centivo are committed to tackling the challenges of our nation’s health care system.

“Centivo is proud to work with Mercy to expand our network of strategic collaborations and address unmet insurance needs of those who call St. Louis home,” said Ashok Subramanian, CEO and co-founder of Centivo. “About half of small and medium-sized business owners have seen their health insurance costs rise by 10% or more this past year. This current trajectory is not sustainable and collaborations like this are essential for keeping costs down. We appreciate Mercy’s working with us to bring proven savings results for employers.”

Mercy and Centivo’s collaboration marks the 49th national partnership for Centivo, as well as the sixth network partnership in Missouri. Consistently ranked as one of the nation’s largest and highest performing Accountable Care Organizations for almost two decades, Mercy has invested in care models and infrastructure to ensure high-quality, low-cost care across the regions it serves. Mercy’s leadership in value-based care has saved the U.S. Centers for Medicare & Medicaid Services, commonly known as CMS, more than $250 million over the last five years. Together, Mercy and Centivo share the goal of improving health outcomes while decreasing the financial burden on patients.

St. Louis residents enrolled in Centivo can expect the same high-quality care from Mercy, now enhanced by greater integration and affordability. Mercy and Centivo are improving access and affordability by prioritizing primary care. The result is financial transparency and a health plan built to be used. With Centivo, Mercy patients will know the cost of their care upfront.

“As Mercy heads into our third century of providing compassionate, high-quality care to the communities we serve, we also remain committed to transparency and low-cost care,” said Steve Mackin, Mercy’s president and CEO. “We believe Centivo is a compelling choice among the many strong options available in Missouri. They also provide flexibility to employers who want the Mercy network of providers for their employees. By Centivo offering in-person and virtual primary care visits at no cost to our patients, Centivo members will be encouraged to create strong relationships with their primary care providers and prevent health issues from escalating. This ensures patients receive the right care at the right time and at the right price.”

By prioritizing primary care, Centivo expects to bring significant savings to St. Louis businesses while insuring their workforce and promoting a healthy workplace. In addition, there are plans to eventually expand this collaboration across Mercy’s footprint. Prioritizing primary care has a direct impact on employer savings, evidenced by a 45% increase in primary care visits and resulting in a 30% rise in preventive care visits and a 30% decrease in ER and urgent care visits for Centivo customers.

This new option for St. Louis businesses comes on the heels of Centivo receiving $75 million in additional funding, including participation from new strategic investors Cone Health Ventures and MemorialCare Innovation Fund, as well as existing financial investors B Capital, Cox Enterprises, F-Prime Capital, Ingleside Investors and Morgan Health (a division of JPMorgan Chase). To learn more about Centivo, visit centivo.com.

About Centivo:

Centivo’s mission is to bring affordable, high-quality healthcare to the millions of workers who struggle to pay their medical bills. Centivo’s innovative health plan is designed specifically to curb the inefficiency and waste that exist in today’s employer-sponsored health plans. In partnership with leading local health systems, Centivo’s primary care-centered health plan offers employers a replacement to traditional health insurance carriers, lowering the total cost of care by 30 percent or more while delivering tangible value to employers, employees, and its partner health systems. To learn more about Centivo, please visit: https://centivo.com/.

About Mercy:

Mercy, one of the 20 largest U.S. health systems and named the top large system in the U.S. for excellent patient experience by NRC Health, serves millions annually with nationally recognized care and one of the nation’s largest and highest performing Accountable Care Organizations in quality and cost. Mercy is a highly integrated, multi-state health care system including more than 50 acute care and specialty (heart, children’s, orthopedic and rehab) hospitals, convenient and urgent care locations, imaging centers and pharmacies. Mercy has over 900 physician practice locations and outpatient facilities, more than 4,500 physicians and advanced practitioners and 50,000 co-workers serving patients and families across Arkansas, Kansas, Missouri and Oklahoma. Mercy also has clinics, outpatient services and outreach ministries in Arkansas, Louisiana, Mississippi and Texas. In fiscal year 2023 alone, Mercy provided more than half a billion dollars of free care and other community benefits, including traditional charity care and unreimbursed Medicaid.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241022705467/en/

SolComms
Bruno Solari
[email protected]

Mercy
Nancy Dixon
[email protected]

Source: Centivo

Older

Candidate Q&A: Russell County Commission, District No. 5

Newer

1 million+ patients lose coverage as insurers, hospitals drop Medicare Advantage

Advisor News

  • Social Security literacy is crucial for advisors
  • The $25T market opportunity in mid-market and mass-affluent households
  • Advisors must lead the policy risk conversation
  • Gen X more anxious than baby boomers about retirement
  • Taxing trend: How the OBBBA is breaking the standard deduction reliance
More Advisor News

Annuity News

  • CT commissioner: 70% of policyholders covered in PHL liquidation plan
  • ‘I get confused:’ Regulators ponder increasing illustration complexities
  • Three ways the Corebridge/Equitable merger could shake up the annuity market
  • Corebridge, Equitable merge to create potential new annuity sales king
  • LIMRA: Final retail annuity sales total $464.1 billion in 2025
More Annuity News

Health/Employee Benefits News

  • NAIFA applauds final Medicare rule reflecting key industry recommendations
  • Virginia insurance regulators order rate cuts for several Aflac policies
  • Illinois pursues abortion coverage for people with little or no insurance
  • Navigator cuts leave Americans with less help to find Obamacare plans
  • More than 500 apartments coming to former Centene campus in University City
More Health/Employee Benefits News

Life Insurance News

  • Virginia insurance regulators order rate cuts for several Aflac policies
  • INDUSTRY LEADERS, STAKEHOLDERS WELCOME NEW CHIEF ADVOCACY OFFICER
  • Stephanie Lundquist, Bryan Jordan join Securian Financial Board of Directors
  • WHAT THEY ARE SAYING: KATHLEEN COULOMBE JOINS ACU AS CHIEF ADVOCACY OFFICER
  • A-CAP Appoints Kirk Cullimore as President of Sentinel Security Life
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Protectors Vegas Arrives Nov 9th - 11th
1,000+ attendees. 150+ speakers. Join the largest event in life & annuities this November.

An FIA Cap That Stays Locked
CapLock™ from Oceanview locks the cap at issue for 5 or 7 years. No resets. Just clarity.

Aim higher with Ascend annuities
Fixed, fixed-indexed, registered index-linked and advisory annuities to help you go above and beyond

Unlock the Future of Index-Linked Solutions
Join industry leaders shaping next-gen index strategies, distribution, and innovation.

Leveraging Underwriting Innovations
See how Pacific Life’s approach to life insurance underwriting can give you a competitive edge.

Press Releases

  • RFP #T01525
  • RFP #T01725
  • Insurate expands workers’ comp into: CA, FL, LA, NC, NJ, PA, VA
  • LifeSecure Insurance Company Announces Retirement of Brian Vestergaard, Additions to Executive Leadership
  • RFP #T02226
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet