UnityPoint Health & HealthPartners announce partnership
Organizations intend to form innovative, new insurance company
DES MOINES, Iowa – UnityPoint Health® and HealthPartners® plan to jointly launch a new insurance company, offering individuals and employers a new integrated option when it comes to their health care and coverage.
The partnership, named "HealthPartners UnityPoint Health," will leverage the best of both companies: UnityPoint Health’s network of providers and HealthPartners’ scale, health plan sophistication and expertise. The parties will equally own and govern the insurance entity.
"This is a very exciting time for not only our organizations, but the people of Iowa and Illinois," said Troy Caraway, UnityPoint Health senior vice president. "We want to provide a new option that provides more value to individuals and employers. The closer we can bring the insurer and health care provider together, the greater opportunity we have to coordinate care more efficiently."
"We share a goal to help people live healthier lives and access high quality, affordable care," said Andrea Walsh, HealthPartners executive vice president and chief marketing officer. "Together, we will provide insurance products, services and tools to support personal health and well-being."
The goal of the joint venture is to offer greater consumer choice beginning with competitive Medicare Advantage plan options in Iowa and Illinois that support the triple aim – which seeks to improve health, patient experience and affordability. The new company will accelerate both organizations’ ability to improve care and coverage for the members and communities they serve.
HealthPartners UnityPoint Health is seeking insurance licenses in Iowa and Illinois, and it plans to launch operations in 2016, pending regulatory approvals. Initial products of the joint venture will include Medicare Advantage (pending approval) for the plan year beginning January 1, 2017, with the potential for additional products.
About HealthPartners
Founded in 1957, the HealthPartners family of health care companies serves more than one million medical and dental health plan members nationwide. It is the largest consumer-governed, nonprofit health care organization in the nation, providing care, coverage, research and education to improve the health of members, patients and the community.
About UnityPoint Health
UnityPoint Health is one of the nation’s most integrated health systems. Its physician-led team of professionals communicates clearly and effectively to address a patient’s health care in the most appropriate setting: whether that is a clinic, a hospital or at home. Through relationships with more than 280 physician clinics, 17 UnityPoint Health hospitals, 15 community network hospitals and home care services throughout its 9 regions, UnityPoint Health provides care throughout Iowa, western Illinois and southern Wisconsin.
UnityPoint Health entities employ more than 30,000 employees, working toward innovative advancements to deliver the Best Outcome for Every Patient Every Time®. Each year, through more than 4.5 million patient visits, UnityPoint Health, UnityPoint Clinic® and UnityPoint at HomeSM provide a full range of coordinated care to patients and families. With projected annual revenues of $3.8 billion, UnityPoint Health is the nation’s 13th largest nonprofit health system and the fourth largest nondenominational health system in America. UnityPoint Health provides community benefit programs and services to improve the health of people in its communities. For more information, visit unitypoint.org.