Humana Allies with CareSource
In an effort to jointly deliver innovative solutions to federal and state governments, Humana Inc. ( HUM ), on Wednesday, announced an alliance with CareSource, a non-profit health plan. The alliance was aimed at providing superior health care to Medicare, Medicaid and dual-eligible beneficiaries.
The financial terms of the deal were not divulged. However, the two companies will have an exclusive relationship in the states where they will work together.
The alliance aspires to profit from the cumulative experience of Humana and CareSource. While the former has over 25 years of experience in Medicare, the latter is proficient in the Medicaid business, with about 23 years of experience. Thus, together the two companies will be able to share each others’ knowledge and experience to provide superior quality service to policyholders.
CareSource is one of the largest Medicaid health plan in the U.S. with over 900,000 enrollees. However, most of its policyholders are located in Ohio, making it the largest Medicaid company in the state. On the other hand, Humana’s 5 million Medicare members are spread all over the U.S.
Humana Allies with CareSource - Analyst Blog
In an effort to jointly deliver innovative solutions to federal and state governments, Humana Inc. ( HUM ), on Wednesday, announced an alliance with CareSource, a non-profit health plan. The alliance was aimed at providing superior health care to Medicare, Medicaid and dual-eligible beneficiaries.
The financial terms of the deal were not divulged. However, the two companies will have an exclusive relationship in the states where they will work together.
The alliance aspires to profit from the cumulative experience of Humana and CareSource. While the former has over 25 years of experience in Medicare, the latter is proficient in the Medicaid business, with about 23 years of experience. Thus, together the two companies will be able to share each others' knowledge and experience to provide superior quality service to policyholders.
CareSource is one of the largest Medicaid health plan in the U.S. with over 900,000 enrollees. However, most of its policyholders are located in Ohio, making it the largest Medicaid company in the state. On the other hand, Humana's 5 million Medicare members are spread all over the U.S.
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