SummaCare, UH to co-brand Medicare managed-care plans
It's a way for the
"We want to grow in key areas where (UH) has hospitals," Armao said. "We want those eligible for Medicare that don't know if they prefer University Hospitals, they can choose SummaCare and get access."
The Medicare managed-care insurance plan will be known as University Hospitals Medicare Advantage from SummaCare.
SummaCare currently has more than 24,000 enrollees in its Medicare managed-care plans across
SummaCare is the largest Medicare managed-care insurer in
It has room to grow in other counties:
"This is a vital collaboration that will prove beneficial to both organizations, and most importantly, to our
The list of in-network UH doctors that SummaCare Medicare enrollees can see won't change, but there will be "care navigators" to help offer more holistic, coordinated care, said
Financial details of the agreement were not disclosed.
Carson said UH will be taking on more financial risk in the arrangement, rather than simply being paid a flat fee for providing care. This payment shift is part of an industry trend.
"The logic is hospitals and providers need to have an incentive while controlling costs," he said.
The UH-SummaCare partnership is the only one that UH will be pursuing for a
Armao said SummaCare already has a similar holistic, coordinated care arrangement with its parent,
"We don't want people to think 'I have to sign up for UH to get better care.' We're just saying we're working more collaboratively together," she said.
SummaCare customers can also mix and match providers in different hospital networks, such as UH and Summa, she said.
When asked whether the deal could signal more partnerships or even the potential of UH becoming a potential suitor for the financially strained Summa, both Armao and Carson said the partnership is strictly about the Medicare product only.
But
The insurance partnership makes sense, said Silvers, a former SummaCare board member who served as president and chief executive of UH's now-defunct insurance company, QualChoice.
UH wants to "drive volumes to their hospitals and systems. This gives UH another route to do that," said Silvers. "They probably think they can get a marketing or price advantage by doing it this way relative to the contracts they have with other
The federal government contracts with private insurance companies to provide coverage to Medicare recipients who sign up for the plans. Everyone but the poorest pay a portion of the monthly premium if one is charged to consumers; the government picks up the rest of the cost.
A marketing campaign touting the Summa-UH collaboration is being launched where UH has hospitals and physicians.
On
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