- Centene and Ascension have partnered to offer a Medicare Advantage plan across multiple geographic markets in 2020.
Centene Chairman and CEO Michael F. Neidorff believes that the partnership will showcase effective strategies to scale payer-provider efforts to improve the delivery of cost-effective care for older beneficiaries.
“We are pleased to pursue this joint venture with Ascension to create a differentiating offering for Medicare Advantage across multiple markets,” said Neidorff.
“This joint venture will bring together two leaders with decades of experience across markets and creates an opportunity for scaled payer-provider collaboration. We share a commitment of serving the underserved and intend to leverage the best capabilities of both organizations to provide high quality, affordable healthcare to support the needs of low-income seniors.”
The partnership establishes the MA plan as a flagship insurance package within Ascension's network of 2600 sites of care, 152 hospitals, and 50 senior living facilities.
Leaders at Ascension believe Centene is the right partner to design an MA plan that will create improvements in quality of care for Ascension’s large senior population.
“Working with Centene to create a new Medicare Advantage plan aligns with our mission of serving those who are vulnerable and struggling the most, which all too often includes our seniors,” said Anthony R. Tersigni, President and CEO of Ascension. “We look forward to developing innovative, transformational approaches to serve this growing population in the many communities we serve as part of our advanced strategic direction.”
Currently, both organizations have signed a letter of intent to launch the MA plan but need to first complete final negotiations and secure executive approvals from each company.