Florida Hospital, Health First to Create Health Plan
In a joint venture, Florida Hospital Healthcare System and Health First Health Plans will partner to form a commercial health plan in Central Florida. The coverage area will include Tampa, Orlando, and Daytona Beach.
Mike Schultz, President and CEO
Adventist Health System Florida Region
Florida Hospital and Health First Health Plans are partnering to create a commercial health plan that will serve 10 counties across Central Florida.
The new plan, which is expected to be operational on the state's health insurance exchange by mid-2014, will be a joint venture between Florida Hospital Healthcare System, which administers employee health insurance for Florida Hospital, and Health First's Brevard County, Florida subsidiary. A formal agreement is expected to be in place by the end of 2013.
Mike Schultz, president/CEO of the 23-hosptial Adventist Health System Florida Region, says the joint venture creates an opportunity to improve patient outcomes while attempting to contain the unsustainably high medical inflation.
"Florida Hospital's footprint is pretty big in Central Florida, so we believe we have the size that can have a positive impact on the medical spend," Schultz says.
- EHR Systems 'Immature, Costly,' AMA Says
- Better HCAHPS Scores Protect Revenue
- Narrow Networks Cut Costs, Not Quality, Economists Say
- CEO Exchange: Preparing for Population Health
- Interstate Medical Licensure Effort Advances
- Anthem Blue Cross, 7 CA Health Systems Create New Challenger, Business Model
- 'Early Offer' Malpractice Programs May Spur Reform
- How to Build a Health Plan from Scratch
- 3 Strategies for Retaining Millennial Employees
- Advocate, NorthShore Deal Would Create 16-Hospital System