Wednesday, August 13, 2014
Froedtert Health and Ministry Health Care Agree to Pursue Co-Ownership of Insurance Plan
Milwaukee, Wis. – Froedtert Health and Ministry Health Care have agreed to pursue co-ownership of Network Health, a Menasha, Wisconsin-based health insurance plan.
Network Health provides commercial and Medicare Advantage health insurance plans to employers and individuals in northeastern Wisconsin. The company has been solely owned by Ministry Health Care since 2012.
"The anticipated transaction will position Froedtert Health and Ministry to jointly expand the Network Health service area into southeastern Wisconsin, with Network Health offering Integrated Health Network as its provider network in southeastern Wisconsin," said Nick Desien, president and CEO of Ministry Health Care.
"This is a natural partnership that flows from the existing Integrated Health Network of Wisconsin relationship between Ministry and Froedtert Health," said Catherine Jacobson, president and CEO of Froedtert Health and chair of Integrated Health Network.
Integrated Health Network is a clinically integrated alliance of independent health systems, hospitals and physicians. Integrated Health Network includes the following Wisconsin organizations: Froedtert Health, the Medical College of Wisconsin, Columbia St. Mary's, Wheaton Franciscan Healthcare, Agnesian HealthCare and Ministry Health Care. It is one of the first multiple-system accountable care networks in the country.
"With clinical integration, a proven care coordination model and IT connectivity solidly in place, IHN has the infrastructure to contract directly with all payers and insurers on behalf of its members," said Jacobson.
"We believe this partnership and expansion of Network Health will accelerate the growth of population health management programs in the communities we serve. We welcome the prospect of expanding our relationship and look forward to our continued discussions," said Desien.
Ministry Health Care joined Integrated Health Network in September 2013. Since January, Integrated Health Network has been managing care for approximately 90,000 lives, including 55,000 lives through a partnership with UnitedHealthcare that created one of the nation's largest accountable care initiatives.
About Ministry Health Care
Ministry Health Care is an integrated healthcare delivery network serving more than 1.1 million people across Wisconsin and eastern Minnesota. Ministry generates nearly $2.2 billion in annual operating revenue with 15 hospitals, 45 clinics, and more than 12,000 associates including 650 physicians and advanced practice clinicians. In 2013, Ministry Health Care joined Ascension Health as the second healthcare ministry in Wisconsin. Ascension is the largest Catholic and not-for-profit healthcare system in the nation. Ministry is ranked among the top 20 percent of healthcare systems in the country according to Truven Health Analytics. Visit us at www.ministryhealth.org.
About Network Health
Founded in 1982, Network Health offers customized commercial and Medicare health insurance services to employers, individuals and families in more than 17 counties throughout northeastern Wisconsin. Through its strong reputation for quality health care coverage and excellent customer service, Network Health has grown to serve more than 130,000 members. Network Health's Medicare Advantage PPO product holds the highest possible accreditation status —"Excellent"— from the National Committee for Quality Assurance (NCQA). In addition, each year since 2002, Network Health has received the "Excellent" accreditation status for its commercial HMO insurance plans. Network Health is ranked in the top 20 percent of U.S health plans by Consumer Reports.
About Froedtert Health
Froedtert Health combines with the Medical College of Wisconsin to form eastern Wisconsin's only academic medical center and associated regional health care network. The network's flagship hospital, Froedtert Hospital, is the primary adult teaching affiliate of the Medical College of Wisconsin. The health care network includes two community hospitals, a community-based medical group and more than 30 primary and specialty care health centers and clinics. The network's three hospitals have 772 staffed beds, nearly 40,000 annual admissions and more than 900,000 annual outpatient visits. www.froedtert.com
About Integrated Health Network of Wisconsin
Founded as Quality Health Solutions in 2005 and based in Brookfield, Wisconsin, Integrated Health Network of Wisconsin (IHN) is a consortium of independent health systems, hospitals and physicians working together to improve the quality, efficiency and value of health care services in the markets served by its members. Members currently include Agnesian Healthcare, Columbia St. Mary's, Froedtert Health, Ministry Health Care, Wheaton Franciscan Healthcare and the Medical College of Wisconsin, representing more than 4,500 physicians, 450 clinics and 34 hospitals in northern, central and eastern Wisconsin. The IHN vision is to redefine the delivery of health care through innovation and integration.