Tufts Health Plan and Harvard Pilgrim Health Care Sign Definitive Agreement to Combine Organizations
Creates preeminent, nonprofit regional health services organization focused on improving affordability, increasing access to high quality health care, and enhancing member experience
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Both organizations share the same vision that a combined organization will be even more effective, better able to keep high-quality health care accessible and affordable, while at the same time investing in programs and initiatives that enhance quality.
The board of directors will comprise equal representation from both organizations and will be chaired by
“Through the combination of two strong organizations with a commitment to non-profit health care in
“Building upon our collective synergies and strengths – which includes being among the top-rated health plans in the country for quality – will unlock value that can be immediately reinvested in our members and the communities we have the privilege of serving,” said
“Our communities and consumers today face four major hurdles in health care: affordability, access, quality of health and a fragmented health care experience across various stakeholders and health systems. Through our shared vision, we believe we can tackle these issues and bring more value to the communities we serve,” said
The new organization will harness the combined strengths of the respective organizations and bring value to the community by:
- Improving affordability through scale and administrative cost efficiencies, providing high value, more affordable health plans to consumers
- Increasing access through geographic reach and product diversity by enhancing population health capabilities, enabling care for underserved communities and offering a broader set of insurance choices across age and income groups
- Improving quality of health through enhanced capabilities for population health and clinical engagement. The new organization will build upon a rich legacy of provider collaborations, promoting investments in population health capabilities
- Streamlining customer experience through investment in innovative tools and capabilities
The new organization will serve close to 2.4 million members in
Philanthropy, community engagement and corporate citizenship will remain a priority for the new organization - both Tufts Health Plan and
The agreement, which was unanimously approved by both boards, is subject to multiple local and federal regulatory approvals during which time the organizations remain independent companies.
About Tufts Health Plan
Tufts Health Plan is nationally recognized for its commitment to providing innovative, high-quality health care coverage. Staying true to our mission of improving the health and wellness of the diverse communities we serve, we touch the lives of more than 1.16 million members in
We are continually among the top health plans in the country based on quality and member satisfaction. Our Tufts Medicare Preferred HMO and Senior Care Options plans received a 5-star rating from the
About Harvard Pilgrim
*Every year, Medicare evaluates plans based on a 5-Star rating system. Star Ratings are calculated each year and may change from one year to the next. For more information on plan ratings, go to www.medicare.gov. Tufts Medicare Preferred HMO plans received 5 out of 5 stars for contract years 2016, 2017, 2018, 2019.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190814005550/en/
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