The health plan organizations will bring complementary strengths, visions and commitments to members and communities.
MINNEAPOLIS & ST. LOUIS, August 18, 2021– (BUSINESS WIRE) – Medica and SSM Health, two leading nonprofit healthcare organizations in the Midwest, today announced that they will form a strategic relationship to join their complementary strengths to deliver solutions innovative and value-driven healthcare for members of all communities. they serve.
Medica will invest in Dean Health Plan of Madison, Wisconsin, a subsidiary of SSM Health. Working together, the two health plans will focus on key areas such as operations, technology and value-based care activation to improve the member / patient experience.
“This important relationship is driven by our mutual commitment to add value to the healthcare experience through better health outcomes and lower costs for our members,” said the President and CEO of Medica, John Naylor. “We believe that together we can develop and deliver innovative solutions that best meet the health needs of the people in the communities we serve. “
Randy Combs, CFO of SSM Health, said: “SSM Health and Dean Health Plan have decades of experience and a deep passion for providing value-based, patient-centered, and patient-driven care. supplier / plan integration. We look forward to working with Medica to help more people access the high-quality, affordable care they need and deserve. “
“This relationship, with its deep local focus, is an opportunity to further enhance the tools available to members, employers, brokers and others and to enhance the overall healthcare experience for all we serve.” added Le McPhearson, chair of the Dean Health Plan.
The two companies will retain their respective health plan brands and products, including those under the Medica name, as well as Dean Health Plan, Prevea360 and WellFirst Health. Members, employers, brokers and suppliers can expect improved products and services and no change in the short term. The deal is expected to be finalized during the 4e quarter of the year, pending regulatory approvals.
On Dean’s health plan
Dean Health Plan is a full-service health insurance company founded in Madison, Wisconsin, serving nearly 500,000 members in Wisconsin, Missouri, Illinois and Oklahoma. Established in 1983, Dean Health Plan is part of SSM Health, an integrated health system based in Saint-Louis. This relationship ensures that the main elements of health care delivery – physician, hospital and insurance – work together to eliminate unnecessary costs from the health system while improving the quality of care.
Medica is a nonprofit health care plan headquartered in Minnesota. The company serves communities in the heart of America by providing health care coverage and related services in the Employer, Personal, Medicaid and Medicare markets. It operates in Minnesota, Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota and Wisconsin. Medica’s vision is to trust the community for its unwavering commitment to affordable, high quality healthcare. Medica’s annual report, which includes the organization’s community engagement activities, is available in line.
On SSM Health
SSM Health is a not-for-profit Catholic health care system that meets the comprehensive health needs of Midwestern communities through a robust and fully integrated health care delivery system. The organization’s nearly 40,000 employees and 11,000 providers are committed to providing exceptional health services and revealing the healing presence of God to all they serve. With healthcare delivery sites in Illinois, Missouri, Oklahoma and Wisconsin, SSM Health includes 23 hospitals, more than 290 physician offices and other outpatient and virtual care services, 10 post-care facilities -acute, comprehensive home and palliative care services, pharmaceutical benefit company, health insurance company and responsible care organization. It is one of the largest employers in every community it serves.
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Dean’s Health Plan / SSM Health