Health Choice Preferred and Cigna Announce Accountable Care Collaboration

PHOENIX--(BUSINESS WIRE)-- Health Choice Preferred, a division of IASIS Healthcare, and Cigna (NYSE: CI) have announced an accountable care collaboration designed to offer more than 16,000 Cigna commercial customers in Utah a more coordinated, personalized healthcare option.

The collaboration ties value-based incentives to performance improvements that support population health management and improve outcomes for Cigna’s customers. Health Choice Preferred’s integrated network of healthcare providers utilize a broad range of population health capabilities, including predictive analytics, care coordination programs, and quality improvement initiatives that promote a more efficient model of care delivery.

“Health Choice Preferred looks forward to working with Cigna to transform patient care and build a more effective, sustainable model of healthcare delivery in Utah,” said Mike Uchrin, CEO of Health Choice. “By implementing a system that rewards quality of care, rather than the volume of services, together we believe we can improve health, lower healthcare costs, and increase satisfaction for both patients and providers.”

“This agreement with Health Choice Preferred demonstrates Cigna’s commitment to working with the healthcare community to provide better value and improved outcomes for our customers,” said Kim Bimestefer, Cigna President for the Mountain States, including Utah. “With a respected network of healthcare professionals and highly integrated care model, Health Choice Preferred is an ideal partner as we continue to improve our customers’ healthcare experience and overall well-being.”

Cigna has been at the forefront of the accountable care organization movement since 2008 and now has 142 Cigna Collaborative Care arrangements with large physician groups. They span 29 states, reach more than 1.6 million commercial customers and encompass more than 65,000 doctors, including approximately 32,000 primary care physicians and 33,000 specialists. In places where it has been introduced, Cigna Collaborative Care is helping to improve the health of Cigna customers while effectively managing medical costs.

About Health Choice:

Health Choice, a division of IASIS Healthcare, is a provider-owned managed care organization and insurer delivering robust healthcare services through its health plans, integrated delivery systems, and managed care solutions. Currently, Health Choice manages healthcare services for more than 634,000 members in Arizona, Utah, and Florida. As part of IASIS Healthcare’s strategy of engaging in population health management and coordinated care, Health Choice’s managed care personnel operate in collaboration with IASIS’ acute care hospitals and local physicians to build innovative, integrated provider networks. These networks, operating under the Health Choice Preferred brand, allow physicians and hospitals to work closely to manage patient care and engage in innovative contracts with health insurers that reward providers for high-quality, cost-efficient performance. For more information, visit www.HealthChoicePreferred.com.

About IASIS Healthcare:

IASIS Healthcare is a healthcare services company that seeks to deliver high-quality, cost-effective healthcare through a broad and differentiated set of capabilities and assets that include acute care hospitals with related patient access points and a diversified managed care risk platform. With total annual revenue of approximately $2.8 billion, IASIS, headquartered in Franklin, Tennessee, owns and operates 17 acute care hospitals, one behavioral hospital and multiple other access points, including 148 physician clinics, multiple outpatient surgical units, imaging centers, and investments in urgent care centers and on-site employer-based clinics. Health Choice, the Company’s managed care risk platform, delivers services to more than 634,000 covered lives through its multiple health plans, accountable care networks and agreements to serve as a management services organization (MSO) with third party insurers. For more information on IASIS, please visit the Company’s Web site at www.iasishealthcare.com.

About Cigna:

Cigna Corporation (NYSE: CI) is a global health service company dedicated to helping people improve their health, well-being and sense of security. All products and services are provided exclusively by or through operating subsidiaries of Cigna Corporation, including Connecticut General Life Insurance Company, Cigna Health and Life Insurance Company, Life Insurance Company of North America and Cigna Life Insurance Company of New York. Such products and services include an integrated suite of health services, such as medical, dental, behavioral health, pharmacy, vision, supplemental benefits, and other related products including group life, accident and disability insurance. Cigna maintains sales capability in 30 countries and jurisdictions, and has more than 89 million customer relationships throughout the world. To learn more about Cigna®, including links to follow us on Facebook or Twitter, visit www.cigna.com.

Some of the statements we make in this press release are forward-looking within the meaning of the federal securities laws, which are intended to be covered by the safe harbors created thereby. Those forward-looking statements include all statements that are not historical statements of fact and those regarding the Company’s intent, belief or expectations including, but not limited to, future financial and operating results, the Company’s plans, objectives, expectations and other statements that are not historical facts. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual results in future periods to differ materially from those anticipated in the forward-looking statements. These risk factors and uncertainties are more fully described in Part I, Item 1A. “Risk Factors” of the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2015, as filed with the Securities and Exchange Commission.

Although we believe that the assumptions underlying the forward-looking statements contained in this press release are reasonable, any of these assumptions could prove to be inaccurate, and, therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, you should not regard the inclusion of such information as a representation by the Company or any other person that the Company’s objectives and plans will be achieved. We undertake no obligation to publicly release any revisions to any forward-looking statements contained herein to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events.

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Health Choice Preferred

Laura Waugh, 480-532-7285

Director of Marketing

LWaugh@iasishealthcare.com

or

IASIS Healthcare

John Doyle, 615-844-2747

Chief Financial Officer

JDoyle@iasishealthcare.com

Source: Health Choice Preferred