Miami-based CareMax, a senior healthcare provider focused on value-based care, has announced a collaboration with Anthem that will see the two companies open 50 medical centers across the country. According to a recent announcement, the medical centers would be built primarily in locations where Anthem is prioritizing value-based care activities. Indiana, Texas, Kentucky, Wisconsin, Georgia, Connecticut, and Virginia are among the states that have been identified. Anthem’s Empire BlueCross BlueShield and EmblemHealth’s agreement to insure City of New York retirees will also involve CareMax. When the contract for the 250,000 retirees begins in 2022, CareMax will be one of the permitted providers.
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” We won’t rush into an expansion”, Alignment Healthcare CEO John Kao
Alignment Healthcare, a Medicare Advantage provider, stated that it will expand into 16 new markets in 2022. The payer’s plan alternatives will be available to a total of 6.9 million Medicare-eligible people in 38 markets across Arizona, California, Nevada, and North Carolina as a result of the expansion. The Alignment Healthcare brand will expand beyond state and county lines in the future, according to CEO John Kao, but not right immediately.
4 Health insurance startups Q2 revenue Stats
In the second quarter of 2021, four leading health insurance startups all reported revenue growth, but also financial losses. Clover Health’s revenue is $412.5 million, however, the company’s net loss is $317.6 million. Despite the fact that Bright Health’s revenue was $1.1 billion, the company’s net loss of $44.5 million was substantial. Alignment Healthcare’s revenue increased to $309 million in the second quarter, despite a loss of $44.8 million. Finally, Oscar Health’s revenue increased to $529.3 million, with a net loss of $73.1 million.