Univera's parent company merging with Albany health plan [The Buffalo News, N.Y.]
May 22—The Rochester-based parent company of
The affiliation, announced Wednesday between
The affiliation is subject to approval by state and federal regulators. If approved, the
"We're confident that the Lifetime Healthcare Companies and CDPHP will accomplish even more together with this affiliation," said
The affiliation comes at a time when health care and drug costs continue to rise, which has pushed health plans to trim back-office expenses and to raise member premiums to keep pace. Such a partnership could allow the organizations to share resources and also gain leverage — via increased scale — in negotiations with health care providers.
CDPHP President and CEO Dr.
CDPHP employs 1,400 people in the capital region and has 400,000 members in 36 counties.
If and when the affiliation receives approval, the companies stressed in their announcement Wednesday that each plan under the larger organizational umbrella "will remain local and highly responsive to the unique needs of their respective communities."
While the organizations wait for approvals, services will continue as usual for members, the companies said.
___
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Wallingford doctor, who took cash for drug prescriptions, gets 7 years in prison, feds say [New Haven Register, Conn.]
Ex-corrections officer gets 5 years probation for fraudulently collecting benefits [The Buffalo News, N.Y.]
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